Asset-Based Fee. In addition to the Fixed Fee, each Fund whose “Fee Type” includes an “asset based fee” on Attachment 1 hereto (as is may be amended), shall pay a fee at an annual rate, stated as a percentage of the average daily net assets of the Fund on all net assets in excess of $50 million up to $4.0 billion, equal to a rate which when applied to the Fund’s net assets in excess of such minimum, as of the end of the calendar month prior to such determination, and when added to the Fixed Fees, is reasonably calibrated to pay the Administrator the Annual Fee for the applicable Contract Period. As necessary, the rate shall be adjusted from time to time based on the then current asset levels, in the discretion of the Administrator, if changes in asset levels warrant such adjustment, and shall also be adjusted from time to reflect any changes to the Annual Fee based on comparisons of estimated versus actual Total Allocable Costs during a Contract Period as described above. The Administrator shall report any changes to the asset based fee to the Board for ratification at the next Board meeting following such change and shall report semi-annually to the Board the actual amount of payments received by the Administrator (report to the September Board meeting for payments for the six-month period ending June 30 and to the February meeting for payments for the six and twelve month periods ending December 31). If during a Contract Period Funds either join the Agreement pursuant to Section 9(d) or terminate pursuant to Section 8, the asset-based fee shall be adjusted, if necessary, so that the total of payments expected to be paid by the then remaining Funds under the Agreement will continue to be reasonably calibrated to pay the Administrator the Annual Fee, as it may be adjusted, for the applicable Contract Period.
Asset-Based Fee. In addition to the Fixed Fee, each Fund, other than Funds that invest substantially all of their assets in other Funds (“Asset Allocation Funds”)1, shall pay a fee at an annual rate, stated as a percentage of the average daily net assets of the Fund on all net assets in excess of $50 million, equal to a rate which when applied to the Fund’s net assets in excess of such minimum, other than the Asset Allocation Funds and the MFS Institutional Money Market Portfolio, as of the end of the calendar month prior to such determination, and when added to the Fixed Fees, is reasonably calibrated to pay the Administrator the Approval Annual Fee for the applicable Contract Period. As necessary, the rate shall be adjusted from time to time based on the then current asset levels, in the discretion of the Administrator, if changes in asset levels warrant such adjustment. The Administrator shall report any changes to the asset based fee to the MFS Funds Board for ratification at the next Board meeting following such change and shall report semi-annually to the MFS Funds Board the actual amount of payments received by the Administrator (report to the September Board meeting for payments for the six-month period ending June 30 and to the February meeting for payments for the six and twelve month periods ending December 31). If during a Contract Period Funds either join the Agreement pursuant to Section 9(d) or terminate pursuant to Section 8, the asset-based fee shall be adjusted, if necessary, so that the total of payments expected to be paid by the Funds will continue to be reasonably calibrated to pay the Administrator the Approved Annual Fee for the applicable Contract Period. 1 The Asset Allocation Funds will only be charged the fixed fee of $17,500. The Asset Allocation Funds already incur administrative services fees indirectly through their holdings in the underlying Funds.
Asset-Based Fee. In addition to the Fixed Fee, each Fund shall pay a fee at an annual rate, stated as a percentage of the average daily net assets of the Fund in excess of $20 million, equal to a rate which when applied to the Fund’s net assets in excess of such minimum, as of the end of the calendar month prior to such determination, and when added to the Fixed Fees, is reasonably calibrated to pay the Administrator the Approval Annual Fee for the applicable Contract Period. As necessary, the rate shall be adjusted from time to time based on the then current asset levels, in the discretion of the Administrator, if changes in asset levels warrant such adjustment. The Administrator shall report any changes to the asset based fee to the MFS Variable Insurance Trust and Compass Funds Board for ratification at the next Board meeting following such change and shall report semi-annually to the Board the actual amount of payments received by the Administrator (report to the September Board meeting for payments for the six-month period ending June 30 and to the February meeting for payments for the six and twelve month periods ending December 31). If during a Contract Period Funds either join the Agreement pursuant to Section 9(d) or terminate pursuant to Section 8, the asset-based fee shall be adjusted, if necessary, so that the total of payments expected to be paid by the Funds will continue to be reasonably calibrated to pay the Administrator the Approved Annual Fee for the applicable Contract Period.
Asset-Based Fee. For the services provided by Company hereunder, the Trust or TOGSC shall pay to Company a fee with respect to each Fund, which fee shall be based upon a percentage per annum of the average daily value of the aggregate number of shares of the Fund held by Company for the accounts of customers of Company and Correspondents. Such fee shall be calculated and paid in accordance with Exhibit A hereto.
Asset-Based Fee. The Fund shall pay an annual Administrative Services Fee, which will be billed directly to the Fund, calculated and payable in advance in basis points per annum of the Fund’s total prior month-end Net Assets plus current month subscriptions less prior month-end redemptions as follows: First $250 million 12 Next $250 million 10 Next $250 million 7 Thereafter 6 less $70,000. For purposes of calculating the Administrative Services Fee, the assets of the Fund will be combined with the assets of the other Delaware limited liability companies advised by Investment Manager for which HedgeServ provides administration services (the “Aetos Funds”) to arrive at an aggregate Administrative Services Fee payable by the Fund and the Aetos Funds. This aggregate Administrative Services Fee will then be allocated pro rata across the Fund and the Aetos Funds based on net assets.
Asset-Based Fee. In addition to the Fixed Fee, each Fund whose “Fee Type” includes an “asset based fee” in Exhibit A to the Agreement (as is may be amended), shall pay a fee at an annual rate, stated as a percentage of the average daily net assets of the Fund on all net assets in excess of $50 million up to $4.0 billion, equal to a rate which when applied to the Fund’s net assets in excess of such minimum, as of the end of the calendar month prior to such determination, and when added to the Fixed Fees, is reasonably calibrated to pay the Administrator the Annual Fee for the applicable Contract Period. As necessary, the rate shall be adjusted from time to time based on the then current asset levels, in the discretion of the Administrator, if changes in asset levels warrant such adjustment, and shall also be adjusted from time to reflect any changes to the Annual Fee based on comparisons of estimated versus actual Total Allocable Costs during a Contract Period as described above.
Asset-Based Fee. The Client shall pay Service Provider:
Asset-Based Fee. Company shall pay to Manager quarterly, for each fiscal quarter, commencing with the fiscal quarter in which the In-Service Date occurs, in arrears, within 20 Business Days after the end of such fiscal quarter (subject to Section 6(f)(ii)), a fee (the “Asset-Based Fee”) equal to the product of (i) 0.375% (expressed as a decimal) and (ii) the Asset-Based Fee Base as of the Calculation Date at the conclusion of such fiscal quarter; provided, that the Asset-Based Fee payable in respect of the quarter in which the In-Service Date occurs shall be prorated based on the number of days in such quarter after the In-Service Date. Manager shall provide to the Board, as promptly as practicable before the due date, Manager’s calculation of each Asset-Based Fee due, together with supporting records and documentation therefor. Company shall provide Manager access to its books and records to the extent necessary for Manager to comply with the foregoing sentence.
Asset-Based Fee. Company shall pay to Manager quarterly, for each fiscal quarter, in arrears, within 65 days after the end of such fiscal quarter (subject to Section 5(f)(ii)), a fee (the “Asset-Based Fee”) equal to the product of (i) 0.375% (expressed as a decimal) and (ii) the Asset-Based Fee Base as of the Calculation Date at the conclusion of such fiscal quarter. Manager shall provide to the Board, as promptly as practicable before the due date, Manager’s calculation of each Asset-Based Fee due, together with supporting records and documentation therefor. Company shall provide Manager access to its books and records to the extent necessary for Manager to comply with the foregoing sentence.
Asset-Based Fee. For the services provided by Company hereunder, the Trust or OGDS shall pay to Company a fee with respect to each Fund, which fee shall be based upon a percentage per annum of the average daily value of the aggregate number of shares of the Fund held by Company for the accounts of customers of Company and Correspondents. Such fee shall be calculated and paid in accordance with Exhibit A hereto.
