Compensation of the Local Manager Sample Clauses

Compensation of the Local Manager. For the services rendered, the facilities furnished and expenses assumed by the Local Manager, MSIM shall pay to the Local Manager a fee in an amount to be determined from time to time by MSIM and the Local Manager but in no event in excess of the amount that MSIM actually received for providing services to the Fund pursuant to the Advisory Agreement.
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Compensation of the Local Manager. For the services rendered, the facilities furnished and expenses assumed by the Local Manager, the Investment Adviser shall pay to the Local Manager a fee with respect to each Portfolio in an amount to be determined from time to time by the Investment Adviser and the Local Manager but in no event in excess of the amount that the Investment Adviser actually received for providing services to the Fund pursuant to the Advisory Agreement. The fee currently paid by the Investment Adviser to the Local Manager in respect to each Portfolio is set forth on Schedule A, as may be amended from time to time.
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Compensation of the Local Manager. For the services rendered, the facilities furnished and expenses assumed by the Local Manager, the Adviser shall pay to the Local Manager a fee with respect to each Fund in an amount to be determined from time to time by the Adviser and the Local Manager, but in no event in excess of the amount that the Adviser actually received for providing services to each such Fund pursuant to the Advisory Agreement. The fee currently paid by the Adviser to the Local Manager in respect to each Fund is set forth on Schedule A, as may be amended from time to time.
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Compensation of the Local Manager. For the services rendered, the facilities furnished and expenses assumed by the Local Manager, the Investment Manager shall pay to the Local Manager a fee in an amount to be determined from time to time by the Investment Manager and the Local Manager, but in no event in excess of the amount that the Investment Manager actually received for providing services to the Fund pursuant to the Management Agreement.
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Compensation of the Local Manager. For the services rendered, the facilities furnished and expenses assumed by the Local Manager, MSIA shall pay to the Local Manager a fee in an amount to be determined from time to time by MSIA and the Local Manager but in no event in excess of the amount that MSIA actually received for providing services to the Fund pursuant to the Advisory Agreement.
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Compensation of the Local Manager. For the services rendered, the facilities furnished and expenses assumed by the Local Manager, Morgan Stanley Investment Advisors shall pay to the Local Manager a xxx xn xx xxxunt to be determined from time to time by Morgan Stanley Investment Advisors and the Local Manager but in no xxxxx ix xxxxxs of the amount that Morgan Stanley Investment Advisors actually received for providing xxxxxxex xx xxe Fund pursuant to the Advisory Agreement.
Sample 1

Related to Compensation of the Local Manager

  • Compensation of the Adviser For all of the services to be rendered and payments to be made as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee at the annual rate of 1.50% of the average value of its daily net assets. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Declaration of Trust of the Trust or a resolution of the Board, if required. If, pursuant to such provisions, the determination of net asset value of the Fund is suspended for any particular business day, then for the purposes of this paragraph, the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets as of the close of the business day, or as of such other time as the value of the Fund's net assets may lawfully be determined, on that day. If the determination of the net asset value of the Fund has been suspended for a period including such month, your compensation payable at the end of such month shall be computed on the basis of the value of the net assets of the Fund as last determined (whether during or prior to such month).

  • Compensation of the Advisor Each Fund agrees to pay to the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor pursuant to this Agreement, a fee accrued daily and paid monthly in arrears at an annual rate listed in Appendix A with respect to the Fund’s average daily net assets. For any period less than a month during which this Agreement is in effect, the fee shall be prorated according to the proportion which such period bears to a full month of 28, 29, 30 or 31 days, as the case may be. The fee payable to the Advisor under this Agreement will be reduced to the extent required by any expense limitation agreement. The Advisor may voluntarily absorb certain Fund expenses or waive all or a portion of its fee.

  • Activities of the Local Manager The services of the Local Manager to the Fund are not to be deemed to be exclusive, the Local Manager and any person controlled by or under common control with the Local Manager (for purposes of this Article V referred to as “affiliates”) being free to render services to others. It is understood that Directors, officers, employees and shareholders of the Fund are or may become interested in the Local Manager and its affiliates, as directors, officers, employees and shareholders or otherwise and that directors, officers, employees and shareholders of the Local Manager and its affiliates are or may become similarly interested in the Fund, and that the Local Manager and directors, officers, employees, partners and shareholders of its affiliates may become interested in the Fund as shareholders or otherwise.

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