Common use of Base Management Fee Clause in Contracts

Base Management Fee. The Base Management Fee shall be calculated at an annual rate of 2.0% of the Fund’s average gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average value of the Fund’s gross assets at the end of the two most recently completed calendar quarters. All or any part of the Base Management Fee not taken as to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determine. The Base Management Fee for any partial month or quarter shall be appropriately pro rated.

Base Management Fee. The Base Management Fee shall will be calculated at an annual rate of 2.0% of the Fund’s average gross assets. The Base Management Fee shall be , excluding cash and cash equivalents, payable quarterly in arrears. For the first quarter of the Company’s operations, and shall the base management fee will be calculated based on the average initial value of the FundCompany’s gross assets. Subsequently, the base management fee will be calculated based on the Company’s gross assets at the end of the two most recently completed calendar quarters. All or any part of the Base Management Fee not taken as to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determine. The Base Management Fee management fees for any partial month or quarter shall will be appropriately pro ratedprorated.

Base Management Fee. (i) The Base Management Fee shall will be calculated at an annual rate of 2.0% of the Fund’s average gross assets. The Base Management Fee shall be , excluding cash and cash equivalents, payable quarterly in arrears, and shall will be calculated based on the average value of the FundCompany’s gross assets at the end of the two (2) most recently completed calendar quarters. All or any part of the Base Management Fee not taken as to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determine. The Base Management Fee Fees for any partial month or quarter shall will be appropriately pro pro-rated.

Base Management Fee. The Base Management Fee shall be calculated at an annual rate of 2.0% of the FundCorporation’s average gross assets, including cash and cash equivalents and assets purchased with borrowed funds. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average value of the FundCorporation’s gross assets at the end of the two most recently completed calendar quarters. All or any part of the Base Management Fee not taken as to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determine. The Base Management Fee for any partial month or quarter shall be appropriately pro ratedprorated.

Base Management Fee. The Base Management Fee shall be is calculated at an annual rate of 2.01.25% of the FundCompany’s average gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average net asset value of the Fund’s gross assets at the end of the two most recently completed calendar quartersmonths. All or any part The Adviser may, in its discretion, defer payment of the Base Management Fee not taken as Fee, without interest, to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determinesubsequent month. The Base Management Fee Fees for any partial month or quarter shall be appropriately pro ratedare prorated based on the number of days in the month.

Base Management Fee. The Base Management Fee shall be is calculated at an annual rate of 2.01.00% of the FundCompany’s average gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average net asset value of the Fund’s gross assets at the end of the two most recently completed calendar quartersmonths. All or any part The Adviser may, in its discretion, defer payment of the Base Management Fee not taken as Fee, without interest, to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determinesubsequent month. The Base Management Fee Fees for any partial month or quarter shall be appropriately pro ratedare prorated based on the number of days in the month.

Base Management Fee. The Base Management Fee shall be is calculated at an annual rate of 2.01.25% of the Fund’s average gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average value of the FundCompany’s gross net assets at the end of the two most recently completed calendar quarters. All or any part The Adviser may, in its discretion, defer payment of the Base Management Fee not taken as Fee, without interest, to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determinesubsequent quarter. The Base Management Fee Fees for any partial month or quarter shall be appropriately pro ratedare prorated based on the number of days in the quarter.

Base Management Fee. The Base Management Fee shall be calculated at an annual rate of 2.0% of the FundCorporation’s average gross assets, including assets purchased with borrowed funds but excluding cash and cash equivalents. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average value of the FundCorporation’s gross assets at the end of the two most recently completed calendar quarters. All or any part of the Base Management Fee not taken as to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determine. The Base Management Fee for any partial month or quarter shall be appropriately pro ratedprorated.

Base Management Fee. The Base Management Fee shall be calculated at an annual rate of 2.0% two percent (2%) of the FundCompany’s average gross assets. The Base Management Fee shall be payable quarterly monthly in arrears, and shall be calculated based on the average value of the FundCompany’s gross assets at the end of the two most recently completed calendar quarters. All quarter and appropriately adjusted for any equity capital raises or any part of repurchases during the Base Management Fee not taken as to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determinecurrent calendar quarter. The Base Management Fee for any partial month or quarter shall be appropriately pro rated. The Base Management Fee shall begin accruing on the Effective Date.

Base Management Fee. The Base Management Fee shall be calculated at an annual rate of 2.02% of the FundCompany’s average gross net assets. The Base Management Fee shall be payable paid quarterly in arrears, arrears thereafter in accordance with the provisions of Section 5.6 below and shall will be calculated based on the average value of the Fund’s gross assets at the end of the two most recently completed calendar quarters. All or any part of the Base Management Fee not taken as to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determine. The Base Management Fee appropriately prorated for any partial month or quarter shall be appropriately pro ratedquarter.

Base Management Fee. (i) The Base Management Fee shall be calculated at an annual rate of 2.0% of the Fund’s average gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average value of the FundCompany’s gross total assets (other than cash or cash equivalents but including assets purchased with borrowed amounts and including assets owned by any consolidated entity), at the end of the two most recently completed calendar quarters. All or any part of the Base Management Fee not taken as to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determine. The Base Management Fee is payable quarterly in arrears, and the Base Management Fees for any partial month or quarter shall be appropriately pro ratedprorated based on the number of days in such quarter.

Base Management Fee. The Base Management Fee shall will be calculated at an annual rate of 2.0% of the Fund’s average gross assets. The Base Management Fee shall be , excluding cash and cash equivalents, payable quarterly in arrears, and shall will be calculated based on the average value of the FundCompany’s gross assets at the end of the two (2) most recently completed calendar quarters. All or any part of the Base Management Fee not taken as to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determine. The Base Management Fee Fees for any partial month or quarter shall will be appropriately pro pro-rated.

Base Management Fee. The Base Management Fee shall be is calculated at an annual rate of 2.01.30% of the Fundaverage value of the Company’s average gross assetsassets as of the last day of the most recently completed calendar quarter and the last day of the immediate preceding calendar quarter, excluding cash and cash equivalents. The Base Management Fee shall be is payable quarterly in arrears, arrears and shall no management fee will be calculated based charged on the average value of the Fund’s gross assets at the end of the two most recently completed calendar quarters. All or any part of the Base Management Fee not taken as to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determine. The Base Management Fee for any partial month or quarter shall be appropriately pro ratedcommitted but undrawn capital commitments.

Base Management Fee. The Base Management Fee shall be calculated at an annual rate of 2.0% of the FundCompany’s average gross assetsassets on the last business day of a calendar quarter. The Base Management Fee shall be payable quarterly in arrears, and shall . The Base Management Fee will be calculated based on the average value of the FundCompany’s gross assets at the end of the two most recently completed calendar quarters, and appropriately adjusted for any equity or debt capital raises, repurchases or redemptions during the current calendar quarter. All or any part of the Base Management Fee not taken as to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determine. The Base Management Fee Fees for any partial month or quarter shall will be appropriately pro rated.

Base Management Fee. The Base Management Fee shall be is calculated at an annual rate of 2.01.0% of the FundCompany’s average gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average value of the Fund’s gross assets at the end of the two most recently completed calendar quarters. All , including assets purchased with borrowed funds or any part other forms of the Base Management Fee not taken as to any quarter shall be deferred without interest leverage but excluding cash and may be taken in such other quarter as the Adviser shall determinecash equivalents. The Base Management Fee for any partial month or quarter shall is payable quarterly in arrears and no management fee will be appropriately pro ratedcharged on committed but undrawn capital commitments.

Base Management Fee. The Base Management Fee shall will be calculated at an annual rate of 2.0% of the Fund’s average gross assets. The Base Management Fee shall be assets payable quarterly in arrears, and shall will be calculated based on the average value of the FundCompany’s gross assets at the end of the two (2) most recently completed calendar quarters. All or any part of the Base Management Fee not taken as to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determine. The Base Management Fee Fees for any partial month or quarter shall will be appropriately pro pro-rated.