Common use of Base Management Fee Clause in Contracts

Base Management Fee. The Base Management Fee is payable monthly in arrears at an annual rate of 1.25% of the value of Fund’s net assets as of the beginning of the first business day of the month. For the first calendar month in which the Fund has operations, net assets will be measured as the beginning net assets as of the date on which the Fund begins operations.

Base Management Fee. The Base Management Fee is payable monthly in arrears at an annual rate of 1.25% of the value of Fund’s net assets as of the beginning of the first business day of the month. For the first calendar month in which the Fund has operations, net assets will be measured as the beginning net assets as of the date on which the Fund begins operationsbreaks escrow.

Base Management Fee. The Base Management Fee is payable monthly in arrears at an annual rate of 1.25% of the value of Fundthe Company’s net assets as of the beginning of the first business calendar day of the applicable month. For purposes of this Agreement, “net assets” means the Company’s total net assets determined on a consolidated basis in accordance with United States generally accepted accounting principles (“GAAP”). For the first calendar month in which the Fund Company has operations, net assets will be measured as the beginning net assets as of the date on which the Fund begins Company commences operations.

Base Management Fee. The Base Management Fee is payable monthly in arrears at an annual rate of 1.25% of the value of Fund’s net assets as of the beginning of the first business day of the month. For the first calendar month in which the Fund has operations, net assets will be measured as the beginning net assets less liabilities as of the date on which the Fund begins operationsbreaks escrow.

Base Management Fee. The Base Management Fee is calculated as follows and payable monthly in arrears arrears: at an annual rate of 1.252.0% of the value of FundCompany’s net assets as if net assets are below $100 million, at an annual rate of 1.75% of the beginning Company’s net assets if net assets are between $100 million and $250 million, and at an annual rate of 1.5% of the first business day of Company’s net assets if net assets are above $250 million. During the month. For the first calendar month in which the Fund has operationsEffective Date occurs, net assets the Base Management Fee will be measured as prorated based on the beginning net assets as number of days of the date on month in which the Fund begins operationsthis Agreement is in force.

Base Management Fee. The Base Management Fee is payable monthly in arrears at an annual rate of 1.25% of the value of Fund’s net assets as of the beginning of the first business day of the month. For the first calendar month in which the Fund has operations, net assets will be measured as the beginning net assets as of the date on which the Fund begins operations. For purposes of this Agreement, “net assets” means our total assets less liabilities determined on a consolidated basis in accordance with accounting principles generally accepted in the United States (“GAAP”).