Annual Minimum per Fund Basis Points on Trust AUM Sample Clauses

Annual Minimum per Fund Basis Points on Trust AUM. Funds 1-5 $[ ] First $500m [ ] bps Funds 6-10 $[ ] Next $500m [ ] bps Funds 11+ $[ ] Next $2b [ ] bps Balance [ ] bps 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 the percent on AUM. Once a Fund is operational, should this service agreement with U.S. Bank be terminated prior to the end of the initial two year period, Adviser 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 Adviser launched a Fund on March 1, 2021 and terminated the relationship on June 30, 2022, Adviser would owe U.S. Bank up to 50% of $[ ] ($[ ] admin/acct/ta + $[ ] Custody). Additional services not included above shall be mutually agreed upon at the time of the service being added. 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 or expenses related to services provided (e.g., compliance with new liquidity risk management and reporting requirements). Fees are calculated pro rata and billed monthly Accounting, Administration, Transfer Agent & Account Services (in addition to the Base Fee) Pricing Services For daily pricing of each securities (estimated 252 pricing days annually) ▪ $[ ] – Domestic Equities, Options, ADRs, Foreign Equities, Futures, Forwards, Currency Rates, Total Return Swaps ▪ $[ ] – Domestic Corporates, Domestic Convertibles, Domestic Governments and Agency, Mortgage Backed, and Municipal Bonds ▪ $[ ] – CMOs, Money Market Instruments, Foreign Corporates, Foreign Convertibles, Foreign Governments, Foreign Agencies, Asset Backed, and High Yield Bonds ▪ $[ ] – Interest Rate Swaps, Foreign Currency Swaps ▪ $[ ] – Bank Loans ▪ $[ ] – Swaptions, Intraday money market funds pricing, up to 3 times per day ▪ $[ ] – Credit Default Swaps ▪ $[ ] per Month Manual Security Pricing (>25 per day) NOTE: Prices are based on using U.S. Bank 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...
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Annual Minimum per Fund Basis Points on Trust AUM. Funds 1-10 $__ First $500m __ Funds 11-20 $__ Next $500m __ Funds 21+ $__ Balance __ See APPENDIX C for Services and Associate Fees in addition to Base Fee See APPENDIX D for Global Sub-Custodial Services & Safekeeping Services in addition to the Base Fee 1Monthly base fees are calculated using the bps schedule. If bps schedule meets or exceeds the cumulative minimum requirement at Trust level, fees will be assessed/invoiced per fund at those rates. If bps schedule does not meet the cumulative minimum requirements, additional minimum adjustments will be allocated amongst each of the funds and assessed/invoiced as needed. Once a Fund is operational, should ETF Managers Group, LLC (the “Adviser”) terminate this service agreement with USBFS prior to the end of the initial five 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 “The Adviser” launched a Fund on March 1, 2017 and terminated the relationship on June 30, 2018, the Adviser would be responsible for up to 50% of that fund’s minimum fees through February 2019 (end of 12 month period from 03/01/18 anniversary date). 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 or expenses related to services provided (e.g., compliance with new liquidity risk management and reporting requirements). 2 Subject to annual CPI increase - All Urban Consumers - U.S. City Average. Fees are calculated pro rata and billed monthly EXHIBIT C (continued) to the Custody Agreement APPENDIX C Domestic Custody Services in addition to the Base Fee Portfolio Transaction Fees2 § $__– Book entry DTC transaction, Federal Reserve transaction, principal paydown § $__– Repurchase agreement, reverse repurchase agreement, time deposit/CD or other non-depository transaction § $__– Option/SWAPS/future contract written, exercised or expired § $__– Mutual fund trade, Margin Variation Wire and outbound Fed wire § $__– Physical security transaction § $__– Check disbursement (waived if U.S. Bancorp is Administrator) A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange. Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as in...
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Annual Minimum per Fund Basis Points on Trust AUM. Funds 1-10 $[ ] First $500m [ ] bp Funds 11-20 $[ ] Next $500m [ ] bp Funds 21+ $[ ] Balance [ ] bp See APPENDIX A for Services and Associate Fees in addition to Base Fee See APPENDIX B for Global Sub-Custodial Services & Safekeeping Services in addition to the Base Fee 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
Sample 1
Annual Minimum per Fund Basis Points on Trust AUM. 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 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 U.S. Bancorp Fund Services, LLC APPENDIX A Accounting, Administration, TA Services in addition to the Base Fee1 Pricing Services 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. Corporate Action Services 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 ESS Chief Compliance Officer Annual Fee (subject to board approval) § $[ ]for the first fund § $[ ]for each additional fund § $[ ]per sub-advisor per fund Third Party Administrative Data Charges (descriptive data for analytics, reporting and compliance) § $[ ] per security per month
Sample 1

Related to Annual Minimum per Fund Basis Points on Trust AUM

  • 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.

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid

  • Net Asset Value, Distributions, and Redemptions Section 1. Determination of Net Asset Value, Net Income, and Distributions. Subject to Article III, Section 6 hereof, the Trustees, in their absolute discretion, may prescribe and shall set forth in the By-laws or in a duly adopted resolution of the Trustees such bases and time for determining the per Share net asset value of the Shares of any Series and the declaration and payment of dividends and distributions on the Shares of any Series, as they may deem necessary or desirable.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Return of Contribution Nonrecourse to Other Members Except as provided by law or as expressly provided in this Operating Agreement, upon dissolution, each Member shall look solely to the assets of the Company for the return of its Capital Contribution. If the Company property remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return the cash contribution of one or more Members, such Member or Members shall have no recourse against any other Member.

  • Adjustments for Dividends, Distributions, Stock Splits, Etc (1) In case the Company shall pay or make a dividend or other distribution on any class of Common Stock of the Company in Common Stock, the Settlement Rate in effect at the opening of business on the day following the date fixed for the determination of stockholders entitled to receive such dividend or other distribution shall be increased by dividing such Settlement Rate by a fraction of which the numerator shall be the number of shares of Common Stock outstanding at the close of business on the date fixed for such determination and the denominator shall be the sum of such number of shares and the total number of shares constituting such dividend or other distribution, such increase to become effective immediately after the opening of business on the day following the date fixed for such determination. For the purposes of this paragraph (1), the number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Company but shall include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock. The Company will not pay any dividend or make any distribution on shares of Common Stock held in the treasury of the Company.

  • Minimum Unsecured Interest Coverage Ratio As of the last day of any fiscal quarter, the Unsecured Interest Coverage Ratio for the Parent, on a consolidated basis, for the fiscal quarter then ended, annualized, to be less than or equal to 1.75 to 1.00; and

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • Net Asset Value Distributions Redemptions Transfers Section 1. DETERMINATION OF NET ASSET VALUE, NET INCOME AND DISTRIBUTIONS.

  • Adjustments to Required Subordinated Percentages and Amount (a) On any date, the Issuer may, at the direction of the Beneficiary, change the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes or the Required Subordinated Percentage of Class D Notes, in each case for the Class A(2015-1) Notes, without the consent of any Noteholders; provided that the Issuer has received written confirmation from each applicable Note Rating Agency that the change in such percentage will not result in a Ratings Effect for any Tranche of Outstanding DiscoverSeries Notes.

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