Common use of Assets Under Management Clause in Contracts

Assets Under Management. The aggregate assets under management in the Institutional Business as of December 31, 1994 and March 31, 1995, are accurately described on Schedule 2.8 hereto. In addition, set forth on Schedule 2.8 is a list as of March 31, 1995, of all investment management, advisory or sub-advisory contracts constituting the Institutional Business, setting forth the name of the client under each such contract, the amount of assets under management with respect to each such contract, the fee schedule in effect with respect to each such contract as of each such date (the "Fee Schedule") and each guideline, exhibit, schedule or letter agreement in connection therewith. Since December 31, 1994, no client of the Institutional Business has given any indication of its intent to terminate or reduce its investment relationship with Mesirow Asset Management or, after the Asset Transfers and the Closing, the Partnership, or adjust the Fee Schedule with respect to any contract in a manner which would reduce the fee to Mesirow Asset Management or the Partnership, as applicable.

Assets Under Management. The aggregate assets under management in the Institutional Business as of December 31, 1994 and March 31, 1995, are accurately described on Schedule 2.8 hereto. In addition, set forth on Schedule 2.8 is a list as of March 31, 1995, of all investment management, advisory or sub-advisory contracts constituting the Institutional Business, setting forth the name of the client under each such contract, the amount of assets under management with respect to each such contract, the fee schedule in effect with respect to each such contract as of each such date (the "Fee Schedule") Schedule and each guideline, exhibit, schedule or letter agreement in connection therewith. Since December 31, 1994, except as is set forth on Schedule 2.8 hereto, no client of the Institutional Business has given any indication of its intent to terminate or reduce its investment relationship with Mesirow Asset Management or, after the Asset Transfers and the Closing, the Partnership, or adjust the Fee Schedule with respect to any contract in a manner which would reduce the fee to Mesirow Asset Management or the Partnership, as applicable.