Common use of Base Management Fee Clause in Contracts

Base Management Fee. The Base Management Fee will be calculated at an annual rate of 2.0% of the Company’s gross assets, exclusive of cash and cash equivalents. The base management fee will be payable quarterly in arrears and will be calculated based on the average value of the Company’s gross assets at the end of the two most recently completed calendar quarters (and, in the case of our first quarter, our gross assets as of such quarter-end). The base management fee may or may not be taken in whole or in part at the discretion of the Adviser. All or any part of the base management fee not taken as to any quarter will be deferred without interest and may be taken in such other quarter as the Adviser will determine. The base management fee for any partial month or quarter will be appropriately prorated.

Base Management Fee. The Base Management Fee will be calculated at an annual rate of 2.01.25% of the Company’s gross 's net assets, exclusive of cash and cash equivalents. The base management fee will be payable quarterly in arrears and will be calculated based on the average value of the Company’s gross 's net assets at the end of the two most recently completed calendar quarters (and, in the case of our the Company's first quarter, our gross the Company's net assets as of such quarter-end). The base management fee may or may not be taken in whole or in part at the discretion of the AdviserAdvisor. All or any part of the base management fee not taken as to any quarter will be deferred without interest and may be taken in such other quarter as the Adviser Advisor will determine. The base management fee for any partial month or quarter will be appropriately prorated.

Base Management Fee. The Base Management Fee will be calculated at an annual rate of 2.0% of the Company’s 's gross assets, exclusive of cash and cash equivalents. The base management fee will be payable quarterly in arrears and will be calculated based on the average value of the Company’s 's gross assets at the end of the two most recently completed calendar quarters (and, in the case of our first quarter, our gross assets as of such quarter-quarter end). The base management fee may or may not be taken in whole or in part at the discretion of the AdviserAdvisor. All or any part of the base management fee not taken as to any quarter will be deferred without interest and may be taken in such other quarter as the Adviser Advisor will determine. The base management fee for any partial month or quarter will be appropriately prorated.

Base Management Fee. The Base Management Fee will be calculated at an annual rate of 2.0% of the Company’s 's gross assets, exclusive of cash and cash equivalents. The base management fee will be payable quarterly in arrears and will be calculated based on the average value of the Company’s 's gross assets at the end of the two most recently completed calendar quarters (and, in the case of our first quarter, our gross assets as of such quarter-end). The base management fee may or may not be taken in whole or in part at the discretion of the AdviserAdvisor. All or any part of the base management fee not taken as to any quarter will be deferred without interest and may be taken in such other quarter as the Adviser Advisor will determine. The base management fee for any partial month or quarter will be appropriately prorated.

Base Management Fee. The Base Management Fee will be calculated at an annual rate of 2.0% of the Company’s gross assets, exclusive of cash and cash equivalents. The base management fee will be payable quarterly in arrears and will be calculated based on the average value of the Company’s gross assets at the end of the two most recently completed calendar quarters (and, in the case of our first quarter, our gross assets as of such quarter-end). The base management fee may or may not be taken in whole or in part at the discretion of the AdviserAdvisor. All or any part of the base management fee not taken as to any quarter will be deferred without interest and may be taken in such other quarter as the Adviser Advisor will determine. The base management fee for any partial month or quarter will be appropriately prorated.

Base Management Fee. The Base Management Fee will be calculated at an annual rate of 2.01.25% of the Company’s gross 's net assets, exclusive of cash and cash equivalents. The base management fee will be payable quarterly in arrears and will be calculated based on the average daily value of the Company’s gross 's net assets at the end of the two most recently completed calendar quarters (and, in the case of our the Company's first quarter, our gross the Company's net assets as of such quarter-end). The base management fee may or may not be taken in whole or in part at the discretion of the AdviserAdvisor. All or any part of the base management fee not taken as to any quarter will be deferred without interest and may be taken in such other quarter as the Adviser Advisor will determine. The base management fee for any partial month or quarter will be appropriately prorated.