Common use of Annual Fee Increase Clause in Contracts

Annual Fee Increase. Commencing on the one-year anniversary of the date of the Services Agreement and annually thereafter, Citi may annually increase the annual minimum by an amount equal to the most recent annual percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter” or a similar index should such index no longer be published.

Appears in 3 contracts

Samples: Transfer Agency Services Agreement (Salient MF Trust), Administration Agreement (Salient Midstream & MLP Fund), Administration Agreement (Salient Midstream & MLP Fund)

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Annual Fee Increase. Commencing on the one-year anniversary of the date of the Services Agreement and annually thereafter, Citi may annually increase the annual minimum by an amount equal to the most recent annual percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter” or a similar index should such index no longer be published. Citi shall provide the Services listed on this Schedule B to the Fund with respect to each Series, subject to the terms and conditions of the Agreement (including the Schedules).

Appears in 2 contracts

Samples: Administration Agreement (Salient MF Trust), Administration Agreement (Salient MF Trust)

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Annual Fee Increase. Commencing on the one-year anniversary of the date of the Services Agreement this Joinder and annually thereafter, Citi may annually increase the annual minimum fixed fees and other fees expressed as stated dollar amounts in this Agreement by up to an amount equal to the greater of: (a) the most recent annual percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter” or a similar index should such index no longer be published, and (b) 5%.

Appears in 1 contract

Samples: Administration Agreement (PMF Fund, L.P.)

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