Base Management Fee. The Base Management Fee shall be calculated at an annual rate of 2.0% of the Corporation’s average weekly gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average weekly value of the Corporation’s gross assets during the most recently completed 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 any such other quarter prior to the occurrence of a liquidity event (as such term is defined in the Prospectus) as the Adviser shall determine. The Base Management Fee for any partial quarter shall be appropriately prorated.
Appears in 6 contracts
Samples: Services Agreement (FS Investment Corp IV), Services Agreement (FS Investment Corp IV), Investment Advisory And (Freedom Capital Corp/Md)
Base Management Fee. The Base Management Fee shall be calculated at an annual rate of 2.0% of the Corporation’s average weekly monthly gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average weekly monthly value of the Corporation’s gross assets during the most recently completed 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 any such other quarter prior to the occurrence of a liquidity event (as such term is defined in the Prospectus) as the Adviser shall determine. The Base Management Fee for any partial quarter shall be appropriately prorated.
Appears in 4 contracts
Samples: Administrative Services Agreement (First Capital Investment Corp), And Administrative Services Agreement (Freedom Capital Corp/Md), First Capital Investment Corp
Base Management Fee. The Base Management Fee shall be calculated at an annual rate of 2.0% of the CorporationFund’s average weekly daily gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average weekly daily value of the CorporationFund’s gross assets during the most recently completed 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 any such other quarter prior to the occurrence of a liquidity event Liquidity Event (as such term is defined in the ProspectusRegistration Statement) as the Adviser shall determine. The Base Management Fee for any partial quarter shall be appropriately proratedpro rated.
Appears in 3 contracts
Samples: Investment Advisory Agreement (FS Global Credit Opportunities Fund-A), Investment Advisory Agreement (FS Global Credit Opportunities Fund-D), Investment Advisory Agreement (FS Global Credit Opportunities Fund-A)
Base Management Fee. The Base Management Fee shall be calculated at an annual rate of 2.0% of the CorporationCompany’s average weekly gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average weekly value of the CorporationCompany’s gross assets during the most recently completed 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 any such other quarter prior to the occurrence of a liquidity event (as such term is defined in the Prospectus) as the Adviser shall determine. The Base Management Fee for any partial quarter shall be appropriately prorated.
Appears in 3 contracts
Samples: Administrative Services Agreement (FS Energy & Power Fund II), Administrative Services Agreement (FS Energy & Power Fund II), Administrative Services Agreement (FS Energy & Power Fund II)
Base Management Fee. The Base Management Fee shall be calculated at an annual rate of 2.01.5% of the Corporation’s average weekly gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average weekly value of the Corporation’s gross assets during at the end of the most recently completed calendar fiscal quarter and appropriately adjusted for any equity raises or repurchases during the current fiscal 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 any such other quarter prior to the occurrence of a liquidity event (as such term is defined in the Prospectus) as the Adviser shall determine. The Base Management Fee for any partial month or quarter shall be appropriately proratedpro-rated. The Base Management Fee shall begin accruing on the Effective Date.
Appears in 1 contract
Samples: Administrative Services Agreement (Integrity Capital Income Fund, Inc.)
Base Management Fee. The Base Management Fee shall be calculated at an annual rate of 2.01.5% of the CorporationFund’s average weekly daily gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average weekly daily value of the CorporationFund’s gross assets during the most recently completed 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 any such other quarter prior to the occurrence of a liquidity event Liquidity Event (as such term is defined in the ProspectusRegistration Statement) as the Adviser shall determine. The Base Management Fee for any partial quarter shall be appropriately proratedpro rated.
Appears in 1 contract
Samples: Investment Advisory Agreement (FS Global Credit Opportunities Fund)
Base Management Fee. The Base Management Fee shall be calculated at an annual rate of 2.01.5% of the Corporation’s 's average weekly gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average weekly value of the Corporation’s 's gross assets during at the end of the most recently completed calendar quarter and appropriately adjusted for any equity raises or repurchases 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 any such other quarter prior to the occurrence of a liquidity event (as such term is defined in the Prospectus) as the Adviser shall determine. The Base Management Fee for any partial month or quarter shall be appropriately proratedpro-rated. The Base Management Fee shall begin accruing on the Effective Date.
Appears in 1 contract
Samples: Administrative Services Agreement (Integrity Capital Income Fund, Inc.)
Base Management Fee. The Base Management Fee shall be calculated at an annual rate of 2.0% of the Corporation’s average weekly daily gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average weekly daily value of the Corporation’s gross assets during the most recently completed 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 any such other quarter prior to the occurrence of a liquidity event (as such term is defined in the Prospectus) as the Adviser shall determine. The Base Management Fee for any partial quarter shall be appropriately prorated.
Appears in 1 contract
Samples: Administrative Services Agreement (FS Investment Corp III)
