Common use of Compensation of the Local Manager Clause in Contracts

Compensation of the Local Manager. For the services rendered, the facilities furnished and expenses assumed by the Local Manager, Xxxxxx Xxxxxxx Investment Advisors shall pay to the Local Manager a fee in an amount to be determined from time to time by Xxxxxx Xxxxxxx Investment Advisors and the Local Manager but in no event in excess of the amount that Xxxxxx Xxxxxxx Investment Advisors actually received for providing services to the Fund pursuant to the Advisory Agreement.

Appears in 10 contracts

Samples: Sub Advisory Agreement (Morgan Stanley Global Dividend Growth Securities), Sub Advisory Agreement (Morgan Stanley International Value Equity Fund), Sub Advisory Agreement (Morgan Stanley European Equity Fund Inc.)

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Compensation of the Local Manager. For the services rendered, the facilities furnished and expenses assumed by the Local Manager, Xxxxxx Xxxxxxx the Investment Advisors Adviser shall pay to the Local Manager a fee in an amount to be determined from time to time by Xxxxxx Xxxxxxx the Investment Advisors Adviser and the Local Manager but in no event in excess of the amount that Xxxxxx Xxxxxxx the Investment Advisors 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 is set forth on Schedule A, as may be amended from time to time.

Appears in 2 contracts

Samples: Sub Advisory Agreement (Morgan Stanley Emerging Markets Fund Inc), Sub Advisory Agreement (Latin American Discovery Fund, Inc.)

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