Annual Minimum per Fund Sample Clauses

Annual Minimum per Fund. Funds 1-5 $[ ] Funds 6-10 $[ ] Funds 11+ $[ ] First $250m [ ] bps Next $250m [ ] bps Next $500m [ ] bps Balance [ ] bps Year 1Step2 In Fees per Fund for Administration/Accounting/Transfer Agent annual minimum1 Q1 Year 1 25% of annual minimum1 Q2 Year 1 50% of annual minimum1 Q3 Year 1 150% of annual minimum1 Q4 Year 1 175% of annual minimum1 Month 1 $[ ] Month 4 $[ ] Month 7 $[ ] Month 10 $[ ] Month 2 $[ ] Month 5 $[ ] Month 8 $[ ] Month 11 $[ ] Month 3 $[ ] Month 6 $[ ] Month 9 $[ ] Month 12 $[ ] See APPENDIX A for Services and Associated Fees in addition to the Base Fee See APPENDIX B for OPTIONAL Supplemental Services and Associated Fees 1 Each fund, regardless of asset size, will have fees allocated to it equal to the per fund minimum. Should the complex level basis point fee calculation exceed the complex level minimum fee level calculation, the fees in excess of the minimum will be allocated to each fund based on percent on AUM. 2 Subject to annual CPI increase - All Urban Consumers - U.S. City Average. Fees are calculated pro rata and billed monthly Accounting, Administration, TA Services in addition to the Base Fee1 For daily pricing of each securities (estimated 252 pricing days annually) § $[ ] - Domestic Equities, Options, ADRs, Foreign Equities, Futures, Forwards § $[ ] - Domestic Corporates, Convertibles, Governments, Agencies, Currency Rates, Mortgage Backed § $[ ] - CMOs, Municipal Bonds, Money Market Instruments, Foreign Corporates, Convertibles, Governments, Agencies, Asset Backed, High Yield § $[ ] - Interest Rate Swaps, Foreign Currency Swaps, Total Return Swaps, Total Return Bullet Swaps § $[ ] - Bank Loans § $[ ] - Swaptions § $[ ] - Credit Default Swaps § $[ ] per Month Manual Security Pricing (>25 per day) NOTE: Prices are based on using U.S. Bancorp primary pricing service which may vary by security type and are subject to change. Use of alternative and/or additional sources may result in additional fees. Pricing vendors may designate certain securities as hard to value or as a non-standard security type, such as CLOs and CDOs, which may result in additional fees. All schedules subject to change depending upon the use of unique security type requiring special pricing or accounting arrangements. Fee for IDC data used to monitor corporate actions § $[ ] per Foreign Equity Security per Month § $[ ] per Domestic Equity Security per Month § $[ ] per CMOs, Asset Backed, Mortgage Backed Security per Month § $[ ] for the first fund § $[ ] f...
Sample 1See All (8)
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Annual Minimum per Fund. Funds 1-10 $[ ]
Sample 1Sample 2
Annual Minimum per Fund. Funds 1-5 $[ ] Funds 6-10 $[ ] Funds 11+ $[ ] First $250m [ ] bps Next $250m [ ] bps Next $500m [ ] bps Balance [ ] bps Year 1Step2 In Fees per Fund for Administration/Accounting/Transfer Agent annual minimum1 Q1 Year 1 25% of annual minimum1 Q2 Year 1 50% of annual minimum1 Q3 Year 1 150% of annual minimum1 Q4 Year 1 175% of annual minimum1 Month 1 $[ ] Month 4 $[ ] Month 7 $[ ] Month 10 $[ ] Month 2 $[ ] Month 5 $[ ] Month 8 $[ ] Month 11 $[ ] Month 3 $[ ] Month 6 $[ ] Month 9 $[ ] Month 12 $[ ] See APPENDIX A for Services and Associated Fees in addition to the Base Fee See APPENDIX B for OPTIONAL Supplemental Services and Associated Fees 1 Each fund, regardless of asset size, will have fees allocated to it equal to the per fund minimum. Should the complex level basis point fee calculation exceed the complex level minimum fee level calculation, the fees in excess of the minimum will be allocated to each fund based on percent on AUM. 2 Subject to annual CPI increase - All Urban Consumers - U.S. City Average. Fees are calculated pro rata and billed monthly The following reflects the greater of the basis point fee or annual minimum1 for funds where Change Finance, PBC acts as Adviser to the fund in the ETF Series Solutions (ESS) ETF Trust.2 Funds 1-5 $[ ] First $250m [ ] bps Funds 6-10 $[ ] Next $250m [ ] bps Funds 11-15 $[ ] Next $500m [ ] bps Funds 16+ $[ ] Balance [ ] bps See APPENDIX A for Services and Associated Fees in addition to the Base Fee 1Each fund, regardless of asset size, will have fees allocated to it equal to the per fund minimum. Should the complex level basis point fee calculation exceed the complex level minimum fee level calculation, the fees in excess of the minimum will be allocated to each fund based on the percent on AUM. Once a Fund is operational, should this service agreement be terminated with USBFS prior to the end of the initial three year period, the Adviser will be will be responsible for the balance of the minimum fees for the remainder of the service agreement’s 12-month period beginning with the Fund’s launch or any anniversary of launch. To avoid doubt, if a Fund launched on March 1, 2017 and the Adviser terminated the relationship on June 30, 2018, the Adviser would owe would owe USBFS up to [ ] % of $[ ] ($[ ] admin/acct/ta + $[ ] Custody + $[ ] Distributor) In addition to the fees described above, additional fees may be charged to the extent that changes to applicable laws, rules or regulations require additional work...
Sample 1
Annual Minimum per Fund. Funds 1-5 $[ ] Funds 6-10 $[ ] Funds 11+ $[ ] First $1b [ ] bp Balance [ ] bp § $[ ]per communication piece for the first 10 pages (minutes if audio or video); $[ ]per page (minute if audio or video) thereafter.
Sample 1
Annual Minimum per Fund. Funds 1-5 $[ ] Funds 6-10 $[ ] Funds 11+ $[ ] First $1b [ ] bp Balance [ ] bp See APPENDIX D for Services and Associate Fees in addition to Base Fee See APPENDIX D for OPTIONAL Supplemental Services and Associated Fees 1 Each fund, regardless of asset size, will have fees allocated to it equal to the per fund minimum. Should the complex level basis point fee calculation exceed the complex level minimum fee level calculation, the fees in excess of the minimum will be allocated to each fund based on percent on AUM. 2 Fees are calculated pro rata and billed monthly Quasar Distributors, LLC Regulatory Distribution Services in addition to the Base Fee1 § $[ ] per communication piece for the first 10 pages (minutes if audio or video); $10 per page (minute if audio or video) thereafter. § $[ ] FINRA filing fee per communication piece for the first 10 pages (minutes if audio or video); $[ ] per page (minute if audio or video) thereafter. FINRA filing fee subject to change. (FINRA filing fee may not apply to all communication pieces.)
Sample 1

Related to Annual Minimum per Fund

  • Maximum Percentage A holder of a Warrant may notify the Company in writing in the event it elects to be subject to the provisions contained in this subsection 3.3.5; however, no holder of a Warrant shall be subject to this subsection 3.3.5 unless he, she or it makes such election. If the election is made by a holder, the Warrant Agent shall not effect the exercise of the holder’s Warrant, and such holder shall not have the right to exercise such Warrant, to the extent that after giving effect to such exercise, such person (together with such person’s affiliates), to the Warrant Agent’s actual knowledge, would beneficially own in excess of 9.8% (the “Maximum Percentage”) of the Ordinary Shares outstanding immediately after giving effect to such exercise. For purposes of the foregoing sentence, the aggregate number of Ordinary Shares beneficially owned by such person and its affiliates shall include the number of Ordinary Shares issuable upon exercise of the Warrant with respect to which the determination of such sentence is being made, but shall exclude Ordinary Shares that would be issuable upon (x) exercise of the remaining, unexercised portion of the Warrant beneficially owned by such person and its affiliates and (y) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company beneficially owned by such person and its affiliates (including, without limitation, any convertible notes or convertible preferred shares or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein. Except as set forth in the preceding sentence, for purposes of this paragraph, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). For purposes of the Warrant, in determining the number of outstanding Ordinary Shares, the holder may rely on the number of outstanding Ordinary Shares as reflected in (1) the Company’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other public filing with the Commission as the case may be, (2) a more recent public announcement by the Company or (3) any other notice by the Company or Continental Stock Transfer & Trust Company, as transfer agent (in such capacity, the “Transfer Agent”), setting forth the number of Ordinary Shares outstanding. For any reason at any time, upon the written request of the holder of the Warrant, the Company shall, within two (2) Business Days, confirm orally and in writing to such holder the number of Ordinary Shares then outstanding. In any case, the number of issued and outstanding Ordinary Shares shall be determined after giving effect to the conversion or exercise of equity securities of the Company by the holder and its affiliates since the date as of which such number of issued and outstanding Ordinary Shares was reported. By written notice to the Company, the holder of a Warrant may from time to time increase or decrease the Maximum Percentage applicable to such holder to any other percentage specified in such notice; provided, however, that any such increase shall not be effective until the sixty-first (61st) day after such notice is delivered to the Company.

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • Minimum Payment (a) Overtime worked on a Saturday or Sunday will be paid for at the rate of double Ordinary Rates. Employees required to work on a Saturday or Sunday will be afforded a minimum 4 hours work, or be paid as if for 4 hours at the aforementioned overtime rates.

  • Minimum Payments (a) Where the employee is under 45 years of age, the employer shall pay the employee Less than 1 year Nil 1 year and less than 2 years 4 weeks pay 2 years and less than 3 years 7 weeks pay 3 years and less than 4 years 10 weeks pay 4 years and less than 5 years 12 weeks pay 5 years and less than 6 years 14 weeks pay 6 years and over 16 weeks pay. (b) Where the employee is 45 years of age or over, the employer shall pay the employee in accordance with the following scale: Less than 1 year Nil 1 year and less than 2 years 5 weeks pay 2 years and less than 3 years 8.75 weeks pay 3 years and less than 4 years 12.5 weeks pay 4 years and less than 5 years 15 weeks pay 5 years and less than 6 years 17.5 weeks pay 6 years and over 20 weeks pay

  • Minimum Net Income If as of the last day of any calendar month within a fiscal quarter of the Seller, the Seller’s consolidated Adjusted Tangible Net Worth is less than [***] or the Seller, on a consolidated basis, has cash and Cash Equivalents in an amount that is less than [***], in either case, the Seller’s consolidated Net Income for that fiscal quarter before income taxes for such fiscal quarter shall equal or exceed [***].

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Xxxxxx Limitation The Service reserves the right to refuse to pay any Xxxxxx to whom you may direct a payment. As required by applicable law, the Service will notify you promptly if it decides to refuse to pay a Xxxxxx designated by you. as set forth in Section 13 of the General Terms (Prohibited Payments) or an Exception Payment under this Agreement.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • Minimum Book Net Worth The Borrower will maintain, during each period described below, its Book Net Worth, determined as of the end of each month, in an amount not less than the amount set forth for each such period: August 1, 2005 through September 30, 2005 $ 7,800,000 October 1, 2005 Through December 31, 2005 $ 7,500,000 January 1, 2006 Through March 31, 2006 $ 7,500,000 April 1 Through June 30, 2006 $ 7,500,000 July 1, 2006 Through September 30, 2006 $ 7,500,000 October 1, 2006 Through December 31, 2006 $ 7,600,000 January 1, 2007 and each month thereafter $ 7,600,000

  • Minimum Net Worth The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 plus (ii) fifty percent (50%) of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending December 31, 1997 (without deduction for losses).

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