Advisory Fee Waiver. The Adviser hereby agrees to waive a portion of its current Advisory Fee for each Fund by an annual rate, expressed as a percentage of average annual net assets, listed in Appendix A hereto (the “Annual Waiver”).
Advisory Fee Waiver. The Adviser has agreed to waive temporarily a portion of the Advisory Fee payable to the Adviser so the Fund’s operating expenses (exclusive of management fees and any front-end load, deferred sales charge, 12b-1 fees, taxes, brokerage commissions, expenses incurred in connection with any merger or reorganization, acquired fund fees and expenses, or extraordinary expenses such as litigation) will not exceed the applicable amount set forth in Appendix A hereto (the “Expense Limitation”) for the Fund’s Class A Shares, Class C Shares and Class I Shares.
Advisory Fee Waiver. During the term of this Agreement, the Adviser hereby agrees to limit its total investment advisory fee to 1.00%.
Advisory Fee Waiver. A. During the term of this Agreement, for so long as a Portfolio invests substantially all of its assets in the master fund, each a series of the American Funds Insurance Series, the Adviser hereby agrees to limit its total investment advisory fee to the following percentages: American Funds Growth SAST Portfolio 0.25% American Funds Growth-Income SAST Portfolio 0.25% American Funds Global Growth SAST Portfolio 0.25% American Funds Asset Allocation SAST Portfolio 0.25% Protected Asset Allocation SAST Portfolio 0.25%
Advisory Fee Waiver. The Adviser has agreed to waive 0.10% of the Advisory Fee payable to the Adviser during the Fund’s first year of operations.
Advisory Fee Waiver. During the term of this Agreement, the Adviser hereby agrees to limit its total investment advisory fee to 0.91% first $250 million; 0.86% next $250 million and 0.81% over $500 million (waiving 0.04% of advisory fees).
Advisory Fee Waiver. For the period beginning on the effective date of the Advisory Agreement and ending upon a Qualified IPO (as defined in the Private Placement Memorandum) (the “Waiver Period”), subject to the terms hereof, the Advisor agrees to waive any amount of the Company’s Base Management Fees (as defined in the Advisory Agreement), borne by the Company during the Waiver Period, to the extent such Base Management Fees exceed 0.75% of the aggregate gross assets of the Company excluding cash and cash equivalents (including capital drawn to pay the Company’s expenses) for any such measurement period used for the purposes of calculating the Base Management Fees. For the avoidance of doubt, if the Company does not complete a Qualified IPO, the Waiver Period shall continue until the termination of this Agreement.
Advisory Fee Waiver. For the period beginning on the effective date of the Advisory Agreement and ending upon the earlier of the end of the Commitment Period as defined in the Private Placement Memorandum and a Qualified IPO as defined in the Advisory Agreement (the “Initial Waiver Period”), subject to the terms hereof, the Advisor agrees to waive an amount of the Company’s Base Management Fees (as defined in the Advisory Agreement), borne by the Company during the Waiver Period, to the extent such Base Management Fees exceed the sum of (i) 0.25% of the aggregate committed but undrawn capital of the Company and (ii) 0.75% of the aggregate gross assets of the Company excluding cash (including capital drawn to pay the Company’s expenses) for such measurement period. If the Commitment Period ends prior to a Qualified IPO, for the period beginning as of the end of the Commitment Period until a Qualified IPO (the “Supplemental Waiver Period”), subject to the terms hereof, the Advisor agrees to waive an amount of the Company’s Base Management Fees (as defined in the Advisory Agreement), borne by the Company during the Supplemental Waiver Period, to the extent such Base Management Fees exceed 0.50% of the aggregate gross assets of the Company excluding cash (including capital drawn to pay the Company’s expenses) for such measurement period.
Advisory Fee Waiver. The Adviser shall waive a portion of its Advisory Fee under the Advisory Agreement with respect to the Portfolio so that the Advisory Fee payable by the Portfolio is equal to 0.26% of the Portfolio’s average daily net assets on the first $2 billion, 0.18% of the Portfolio’s average daily net assets on the next $1 billion and 0.14% of the Portfolio’s average daily net assets over $3 billion.
Advisory Fee Waiver. Under the terms of the investment advisory agreement with the Fund, Gotham is entitled to receive an investment advisory fee of 0.75% of the Fund's average net assets excluding assets invested in other mutual funds advised by Gotham (each an "underlying fund" and collectively, the "underlying funds"). The Adviser hereby agrees to waive its investment advisory fee at an annual rate in the amount of 0.30% (the “Advisory Fee Waiver”). Accordingly, the Advisory Fee Waiver shall have the effect of reducing the investment advisory fee payable to the Adviser from 0.75% to 0.45% of the Fund's average net assets excluding those assets invested in underlying funds. The Advisory Fee Waiver shall be effective on February 1, 2019 and shall terminate on January 31, 2020, or at an earlier date upon the discretion of the Board of Trustees of the Trust, unless extended, terminated, modified or revised by the mutual agreement of the parties, as provided for in writing.
