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: Month End Net Assets Basis Points Per Annum 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.
Appears in 6 contracts
Samples: Administrative Services Agreement (Aetos Long/Short Strategies Fund LLC), Administrative Services Agreement (Aetos Distressed Investment Strategies Fund LLC), Administrative Services Agreement (Aetos Multi-Strategy Arbitrage Fund LLC)
