Common use of COMPENSATION OF THE MANAGER BY FUND Clause in Contracts

COMPENSATION OF THE MANAGER BY FUND. For all services to be rendered and payments made as provided in Sections 1, 2 and 4 hereof, the Fund will accrue daily and pay the Manager within five days after the end of each calendar month a fee based on the average of the values placed on the net assets of the Fund as of the time of determination of the net asset value on each trading day throughout the month in accordance with the following schedule. Average Daily Net Fee as a Percentage of Assets of the Fund Average Daily Net Assets First $250,000,000 0.60% Next $250,000,000 0.55% Next $250,000,000 0.50% Next $250,000,000 0.45% Amount Over $1,000,000,000 0.40% Net asset value shall be determined pursuant to applicable provisions of the Certificate of Incorporation of the Fund. If pursuant to such provisions the determination of net asset value is suspended, then for the purposes of this Section 5 the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets for each day the suspension continues. The Manager may, at its option, waive all or part of its compensation for such period of time as it deems necessary or appropriate.

Appears in 2 contracts

Samples: Management Agreement (Principal Partners Blue Chip Fund Inc /Md/), Management Agreement (Principal Capital Value Fund Inc)

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COMPENSATION OF THE MANAGER BY FUND. For all services to be rendered and payments made as provided in Sections 1, 2 and 4 hereof, the Fund will accrue daily and pay the Manager within five days after the end of each calendar month a fee based on the average of the values placed on the net assets of the Fund as of the time of determination of the net asset value on each trading day throughout the month in accordance with the following schedule. Average Daily Net Fee as a Percentage of Assets of the Fund Average Daily Net Assets First $250,000,000 0.60100,000,000 .50% Next $250,000,000 0.55100,000,000 .45% Next $250,000,000 0.50100,000,000 .40% Next $250,000,000 0.45100,000,000 .35% Amount Over $1,000,000,000 0.40400,000,000 .30% Net asset value shall be determined pursuant to applicable provisions of the Certificate of Incorporation of the Fund. If pursuant to such provisions the determination of net asset value is suspended, then for the purposes of this Section 5 the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets for each day the suspension continues. The Manager may, at its option, waive all or part of its compensation for such period of time as it deems necessary or appropriate.

Appears in 2 contracts

Samples: Management Agreement (Princor Short Term Bond Fund Inc), Management Agreement (Princor Limited Term Bond Fund Inc)

COMPENSATION OF THE MANAGER BY FUND. For all services to be rendered and payments made as provided in Sections 1, 2 and 4 hereof, the Fund will accrue daily and pay the Manager within five days after the end of each calendar month a fee based on the average of the values placed on the net assets of the Fund as of the time of determination of the net asset value on each trading day throughout the month in accordance with the following schedule. Average Daily Net Fee as a Percentage of Assets of the Fund Average Daily Net Assets --------------------------- ------------------------ First $250,000,000 0.60100,000,000 1.20% Next $250,000,000 0.55100,000,000 1.15% Next $250,000,000 0.50100,000,000 1.10% Next $250,000,000 0.45100,000,000 1.05% Amount Over $1,000,000,000 0.40400,000,000 1.00% Net asset value shall be determined pursuant to applicable provisions of the Certificate of Incorporation of the Fund. If pursuant to such provisions the determination of net asset value is suspended, then for the purposes of this Section 5 the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets for each day the suspension continues. The Manager may, at its option, waive all or part of its compensation for such period of time as it deems necessary or appropriate.

Appears in 2 contracts

Samples: Management Agreement (Principal International Smallcap Fund Inc), Management Agreement (Principal International Smallcap Fund Inc)

COMPENSATION OF THE MANAGER BY FUND. For all services to be rendered and payments made as provided in Sections 1, 2 and 4 hereof, the Fund will accrue daily and pay the Manager within five days after the end of each calendar month a fee based on the average of the values placed on the net assets of the Fund as of the time of determination of the net asset value on each trading day throughout the month in accordance with the following schedule. Average Daily Net Fee as a Percentage of Assets of the Fund Average Daily Net Assets First $250,000,000 0.601.10% Next $250,000,000 0.551.05% Next $250,000,000 0.501.00% Next $250,000,000 0.450.95% Amount Over $1,000,000,000 0.400.90% Net asset value shall be determined pursuant to applicable provisions of the Certificate of Incorporation of the Fund. If pursuant to such provisions the determination of net asset value is suspended, then for the purposes of this Section 5 the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets for each day the suspension continues. The Manager may, at its option, waive all or part of its compensation for such period of time as it deems necessary or appropriate.

Appears in 2 contracts

Samples: Management Agreement (Principal Pacific Basin Fund Inc), Management Agreement (Principal Pacific Basin Fund Inc)

COMPENSATION OF THE MANAGER BY FUND. For all services to be rendered and payments made as provided in Sections 1, 2 and 4 hereof, the Fund will accrue daily and pay the Manager within five days after the end of each calendar month a fee based on the average of the values placed on the net assets of the Fund as of the time of determination of the net asset value on each trading day throughout the month in accordance with the following schedule. Average Daily Net Fee as a Percentage of Assets of the Fund Average Daily Net Assets First $250,000,000 100,000,000 0.60% Next $250,000,000 100,000,000 0.55% Next $250,000,000 100,000,000 0.50% Next $250,000,000 100,000,000 0.45% Amount Over $1,000,000,000 400,000,000 0.40% Net asset value shall be determined pursuant to applicable provisions of the Certificate of Incorporation of the Fund. If pursuant to such provisions the determination of net asset value is suspended, then for the purposes of this Section 5 the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets for each day the suspension continues. The Manager may, at its option, waive all or part of its compensation for such period of time as it deems necessary or appropriate.

Appears in 2 contracts

Samples: Management Agreement (Principal Utilities Fund Inc /Md/), Management Agreement (Principal Balanced Fund Inc /Md/)

COMPENSATION OF THE MANAGER BY FUND. For all services to be rendered and payments made as provided in Sections 1, 2 and 4 hereof, the Fund will accrue daily and pay the Manager within five days after the end of each calendar month a fee based on the average of the values placed on the net assets of the Fund as of the time of determination of the net asset value on each trading day throughout the month in accordance with the following schedule. Average Daily Net Fee as a Percentage of Assets of the Fund Average Daily Net Assets First $250,000,000 0.600.90% Next $250,000,000 0.550.85% Next $250,000,000 0.500.80% Next $250,000,000 0.450.75% Amount Over $1,000,000,000 0.400.70% Net asset value shall be determined pursuant to applicable provisions of the Certificate of Incorporation of the Fund. If pursuant to such provisions the determination of net asset value is suspended, then for the purposes of this Section 5 the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets for each day the suspension continues. The Manager may, at its option, waive all or part of its compensation for such period of time as it deems necessary or appropriate.

Appears in 2 contracts

Samples: Management Agreement (Principal European Equity Fund Inc), Management Agreement (Principal European Equity Fund Inc)

COMPENSATION OF THE MANAGER BY FUND. For all services to be rendered and payments made as provided in Sections 1, 2 and 4 hereof, the Fund will accrue daily and pay the Manager within five days after the end of each calendar month a fee based on the average of the values placed on the net assets of the Fund as of the time of determination of the net asset value on each trading day throughout the month in accordance with the following schedule. Average Daily Net Fee as a Percentage of Assets of the Fund Average Daily Net Assets First $250,000,000 100,000,000 0.65% Next $100,000,000 0.60% Next $250,000,000 100,000,000 0.55% Next $250,000,000 100,000,000 0.50% Next $250,000,000 0.45% Amount Over $1,000,000,000 0.40400,000,000 0.45% Net asset value shall be determined pursuant to applicable provisions of the Certificate of Incorporation of the Fund. If pursuant to such provisions the determination of net asset value is suspended, then for the purposes of this Section 5 the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets for each day the suspension continues. The Manager may, at its option, waive all or part of its compensation for such period of time as it deems necessary or appropriate.

Appears in 1 contract

Samples: Management Agreement (Principal Midcap Fund Inc)

COMPENSATION OF THE MANAGER BY FUND. For all services to be rendered and payments made as provided in Sections 1, 2 and 4 hereof, the Fund will accrue daily and pay the Manager within five days after the end of each calendar month a fee based on the average of the values placed on the net assets of the Fund as of the time of determination of the net asset value on each trading day throughout the month in accordance with the following schedule. Average Daily Net Fee as a Percentage of Assets of the Fund Average Daily Net Assets First $250,000,000 0.60100,000,000 1.20% Next $250,000,000 0.55100,000,000 1.15% Next $250,000,000 0.50100,000,000 1.10% Next $250,000,000 0.45100,000,000 1.05% Amount Over $1,000,000,000 0.40400,000,000 1.00% Net asset value shall be determined pursuant to applicable provisions of the Certificate of Incorporation of the Fund. If pursuant to such provisions the determination of net asset value is suspended, then for the purposes of this Section 5 the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets for each day the suspension continues. The Manager may, at its option, waive all or part of its compensation for such period of time as it deems necessary or appropriate.

Appears in 1 contract

Samples: Management Agreement (Principal International Smallcap Fund Inc)

COMPENSATION OF THE MANAGER BY FUND. For all services to be rendered and payments made as provided in Sections 1, 2 and 4 hereof, the Fund will accrue daily and pay the Manager within five days after the end of each calendar month a fee based on the average of the values placed on the net assets of the Fund as of the time of determination of the net asset value on each trading day throughout the month in accordance with the following schedule. Average Daily Net Fee as a Percentage of Assets of the Fund Average Daily Net Assets First $250,000,000 0.600.90% Next $250,000,000 0.55% 0.85 Next $250,000,000 0.50% 0.80 Next $250,000,000 0.45% 0.75 Amount Over $1,000,000,000 0.40% 0.70 Net asset value shall be determined pursuant to applicable provisions of the Certificate of Incorporation of the Fund. If pursuant to such provisions the determination of net asset value is suspended, then for the purposes of this Section 5 the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets for each day the suspension continues. The Manager may, at its option, waive all or part of its compensation for such period of time as it deems necessary or appropriate.

Appears in 1 contract

Samples: Management Agreement (Principal Partners Smallcap Growth Fund Inc)

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COMPENSATION OF THE MANAGER BY FUND. For all services to be rendered and payments made as provided in Sections 1, 2 and 4 3 hereof, the Fund will accrue daily and pay the Manager within five days after the end of each calendar month a fee based on the average of the values placed on the net assets of the Fund as of the time of determination of the net asset value on each trading day throughout the month in accordance with the following schedule. Average Daily Net Fee as a Percentage of Assets of the Fund Average Daily Net Assets First $250,000,000 0.60100,000,000 .60% Next $250,000,000 0.55100,000,000 .55% Next $250,000,000 0.50100,000,000 .50% Next $250,000,000 0.45100,000,000 .45% Amount Over $1,000,000,000 0.40400,000,000 .40% Net asset value shall be determined pursuant to applicable provisions of the Certificate certificate of Incorporation incorporation of the Fundfund. If pursuant to such provisions the determination of net asset value is suspended, then for the purposes of this Section 5 section 4 the value of the net assets of the Fund fund as last determined shall be deemed to be the value of the net assets for each day the suspension continues. The Manager manager may, at its option, waive all or part of its compensation for such period of time as it deems necessary or appropriate.

Appears in 1 contract

Samples: Management Agreement (Princor Balanced Fund Inc /Ia/)

COMPENSATION OF THE MANAGER BY FUND. For all services to be rendered and payments made as provided in Sections 1, 2 and 4 hereof, the Fund will accrue daily and pay the Manager within five days after the end of each calendar month a fee based on the average of the values placed on the net assets of the Fund as of the time of determination of the net asset value on each trading day throughout the month in accordance with the following schedule. Average Daily Net Fee as a Percentage of Assets of the Fund Average Daily Net Assets First $250,000,000 0.60100,000,000 0.90% Next $250,000,000 0.55100,000,000 0.85% Next $250,000,000 0.50100,000,000 0.80% Next $250,000,000 0.45100,000,000 0.75% Amount Over $1,000,000,000 0.40400,000,000 0.70% Net asset value shall be determined pursuant to applicable provisions of the Certificate of Incorporation of the Fund. If pursuant to such provisions the determination of net asset value is suspended, then for the purposes of this Section 5 the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets for each day the suspension continues. The Manager may, at its option, waive all or part of its compensation for such period of time as it deems necessary or appropriate.

Appears in 1 contract

Samples: Management Agreement (Principal Real Estate Fund Inc)

COMPENSATION OF THE MANAGER BY FUND. For all services to be rendered and payments made as provided in Sections 1, 2 and 4 hereof, the Fund will accrue daily and pay the Manager within five days after the end of each calendar month a fee based on the average of the values placed on the net assets of the Fund as of the time of determination of the net asset value on each trading day throughout the month in accordance with the following schedule. Average Daily Net Fee as a Percentage of Assets of the Fund Average Daily Net Assets First $250,000,000 0.600.85% Next $250,000,000 0.550.80% Next $250,000,000 0.500.75% Next $250,000,000 0.450.70% Amount Over $1,000,000,000 0.400.65% Net asset value shall be determined pursuant to applicable provisions of the Certificate of Incorporation of the Fund. If pursuant to such provisions the determination of net asset value is suspended, then for the purposes of this Section 5 the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets for each day the suspension continues. The Manager may, at its option, waive all or part of its compensation for such period of time as it deems necessary or appropriate.

Appears in 1 contract

Samples: Management Agreement (Principal International Fund Inc)

COMPENSATION OF THE MANAGER BY FUND. For all services to be rendered and payments made as provided in Sections 1, 2 and 4 hereof, the Fund will accrue daily and pay the Manager within five days after the end of each calendar month a fee based on the average of the values placed on the net assets of the Fund as of the time of determination of the net asset value on each trading day throughout the month in accordance with the following schedule. Average Daily Net Fee as a Percentage of Assets of the Fund Average Daily Net Assets First $250,000,000 0.60100,000,000 0.85% Next $250,000,000 0.55100,000,000 0.80% Next $250,000,000 0.50100,000,000 0.75% Next $250,000,000 0.45100,000,000 0.70% Amount Over $1,000,000,000 0.40400,000,000 0.65% Net asset value shall be determined pursuant to applicable provisions of the Certificate of Incorporation of the Fund. If pursuant to such provisions the determination of net asset value is suspended, then for the purposes of this Section 5 the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets for each day the suspension continues. The Manager may, at its option, waive all or part of its compensation for such period of time as it deems necessary or appropriate.

Appears in 1 contract

Samples: Management Agreement (Principal Smallcap Fund Inc)

COMPENSATION OF THE MANAGER BY FUND. For all services to be rendered and payments made as provided in Sections 1, 2 and 4 hereof, the Fund will accrue daily and pay the Manager within five days after the end of each calendar month a fee based on the average of the values placed on the net assets of the Fund as of the time of determination of the net asset value on each trading day throughout the month in accordance with the following schedule. Average Daily Net Fee as a Percentage of Assets of the Fund Average Daily Net Assets First $250,000,000 0.60100,000,000 1.25% Next $250,000,000 0.55100,000,000 1.20% Next $250,000,000 0.50100,000,000 1.15% Next $250,000,000 0.45100,000,000 1.10% Amount Over $1,000,000,000 0.40400,000,000 1.05% Net asset value shall be determined pursuant to applicable provisions of the Certificate of Incorporation of the Fund. If pursuant to such provisions the determination of net asset value is suspended, then for the purposes of this Section 5 the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets for each day the suspension continues. The Manager may, at its option, waive all or part of its compensation for such period of time as it deems necessary or appropriate.

Appears in 1 contract

Samples: Management Agreement (Principal International Emerging Markets Fund Inc)

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