Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate of 1.50%. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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).
Appears in 6 contracts
Samples: Management Agreement (Apollo Diversified Credit Fund), Management Agreement (Apollo Diversified Real Estate Fund), Management Agreement (Apollo Diversified Real Estate Fund)
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on equal to the annual rate of 0.75% of the average value of the daily net assets of the Fund and paid at an annual rate of 1.50%Fund. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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 '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).
Appears in 4 contracts
Samples: Management Agreement (MSS Series Trust), Management Agreement (MSS Series Trust), Management Agreement (MSS Series Trust)
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate of 1.501.85%. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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).
Appears in 3 contracts
Samples: Management Agreement (Apollo Diversified Credit Fund), Management Agreement (Griffin Institutional Access Credit Fund), Management Agreement (Griffin Institutional Access Credit Fund)
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the each Fund will pay you a fee based on the its average value of the daily net assets of the Fund and paid at an annual rate of 1.50%. as noted in Appendix A. The average value of the daily net assets of the each Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, if required. If, pursuant to such provisions, the determination of net asset value of the a Fund is suspended for any particular business day, then for the purposes of this paragraph, the value of the net assets of the Fund applicable Fund, as last determined 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 applicable Fund’s 's net assets may lawfully be determined, on that day. If the determination of the net asset value of the a 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 applicable Fund as last determined (whether during or prior to such month).
Appears in 3 contracts
Samples: Management Agreement (North Capital Funds Trust), Management Agreement (Esoterica Thematic ETF Trust), Management Agreement (North Capital Funds Trust)
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate of 1.501.25%. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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 '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).
Appears in 3 contracts
Samples: Management Agreement (Resource Real Estate Diversified Income Fund), Management Agreement (Resource Real Estate Diversified Income Fund), Management Agreement (Resource Real Estate Diversified Income Fund)
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate of 1.501.98%. The average value of the daily net assets of the a Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, if required. If, pursuant to such provisions, the determination of net asset value of the a 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 a 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).
Appears in 2 contracts
Samples: Investment Advisory Agreement (CAMCO Investors Trust), Investment Advisory Agreement (CAMCO Investors Trust)
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the each Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate of 1.50%. as set forth on Exhibit A. The average value of the daily net assets of the a Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of TrusteesBoard, if required. If, pursuant to such provisions, the determination of net asset value of the a 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 a 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 a Fund as last determined (whether during or prior to such month).
Appears in 2 contracts
Samples: Management Agreement (Simplify Exchange Traded Funds), Management Agreement (Simplify Exchange Traded Funds)
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on the its average value of the daily net assets of the Fund and paid at an annual rate of 1.50%. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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 Fund, as last determined 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 '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).
Appears in 2 contracts
Samples: Management Agreement (A3 Alternative Income Fund), Management Agreement (A3 Alternative Credit Fund)
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate of 1.501.85%. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the its Agreement and Declaration of Trust or a resolution of the Board of TrusteesBoard, 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 '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).
Appears in 1 contract
Samples: Management Agreement (Bluerock Institutional Mortgage Income Fund)
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate of 1.501.00%. The average value of the daily net assets of the a Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, if required. If, pursuant to such provisions, the determination of net asset value of the a 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 a 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).
Appears in 1 contract
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate of 1.500.65%. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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).
Appears in 1 contract
Samples: Management Agreement (Cantor Select Portfolios Trust)
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on at an annual rate of 2.25% of the average value of the daily net assets of the Fund and paid at an annual rate of 1.50%Fund. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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 '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).
Appears in 1 contract
Samples: Management Agreement (Tea Leaf Management Investment Trust)
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate of 1.501.00%. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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).
Appears in 1 contract
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate of 1.501.25%. The average value of the daily net assets of the a Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, if required. If, pursuant to such provisions, the determination of net asset value of the a 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 a 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).
Appears in 1 contract
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate of 1.501.50 %. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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).
Appears in 1 contract
Samples: Management Agreement (Apollo Diversified Credit Fund)
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on equal to the annual rate of 1.00% of the average value of the daily net assets of the Fund and paid at an annual rate of 1.50%Fund. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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 '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).
Appears in 1 contract
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate of 1.50%. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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 '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).
Appears in 1 contract
Samples: Management Agreement (Bluerock Total Alternatives Real Estate Fund)
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will separately pay you a fee based on equal to the annual rate of 1.00% of the average value of the daily net assets of the Fund and paid at an annual rate of 1.50%Fund. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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 '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).
Appears in 1 contract
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Select Fund and the Hedged Fund will separately pay you a fee based on equal to the annual rate of 1.00% and 1.25% of the average value of the daily net assets of the each Fund and paid at an annual rate of 1.50%respectively. The average value of the daily net assets of the a Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, if required. If, pursuant to such provisions, the determination of net asset value of the a Fund is suspended for any particular business day, then for the purposes of this paragraph, the value of the net assets of the a 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 a Fund’s 's net assets may lawfully be determined, on that day. If the determination of the net asset value of the a 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 a Fund as last determined (whether during or prior to such month).
Appears in 1 contract
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on at the annual rate of 0.75% of the average value of the daily net assets of the Fund and paid at an annual rate of 1.50%Fund. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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 '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).
Appears in 1 contract
Compensation of the Manager. 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 based on at the annual rate of 1.10% of the average value of the daily net assets of the Fund and paid at an annual rate of 1.50%Fund. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust of the Trust or a resolution of the Board of TrusteesBoard, 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 '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).
Appears in 1 contract
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the each Fund will separately pay you a fee based on equal to the annual rate of 0.70% of the average value of the daily net assets of the Fund and paid at an annual rate of 1.50%applicable Fund. The average value of the daily net assets of the a Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, if required. If, pursuant to such provisions, the determination of net asset value of the a Fund is suspended for any particular business day, then for the purposes of this paragraph, the value of the net assets of the a 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 a Fund’s 's net assets may lawfully be determined, on that day. If the determination of the net asset value of the a 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 a Fund as last determined (whether during or prior to such month).
Appears in 1 contract
Compensation of the Manager. 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 based on at the annual rate of 1.35% of the average value of the daily net assets of the Fund up to and paid at an annual rate including $25 million, 1.25% of 1.50%such assets of the Fund from $25 million to and including $50 million, 1.10% of such assets of the Fund from $50 million to and including $100 million and 1.00% of such assets of the Fund in excess of $100 million. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Trust’s Agreement and Declaration (the “Declaration of Trust Trust”) or a resolution of the Board of TrusteesBoard, 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).
Appears in 1 contract
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate of 1.500.79%. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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).
Appears in 1 contract
Samples: Management Agreement (Cantor Select Portfolios Trust)
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on equal to the annual rate of 1.25% of the average value of the daily net assets of the Fund and paid at an annual rate of 1.50%Fund. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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 '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).
Appears in 1 contract
Compensation of the Manager. 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 based on at the annual rate of 1.15% of the average value of the daily net assets of the Fund up to and paid at an annual rate including $25 million, 1.10% of 1.50%such assets of the Fund from $25 million to and including $50 million, 0.97% of such assets of the Fund from $50 million to and including $100 million and 0.90% of such assets of the Fund in excess of $100 million. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Trust’s Agreement and Declaration of Trust (the “Declaration of Trust”) or a resolution of the Board of TrusteesBoard, 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).
Appears in 1 contract
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate of 1.500.95%. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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).
Appears in 1 contract
Samples: Management Agreement (Beacon Pointe Multi-Alternative Fund)
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will separately pay you a fee based on equal to the annual rate of 0.70% of the average value of the daily net assets of the Fund and paid at an annual rate of 1.50%Fund. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, 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 '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).
Appears in 1 contract
Compensation of the Manager. For all of the services to be rendered as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee based on the average value of the daily net assets of the Fund and paid at an annual rate of 1.50[1.25%]. The average value of the daily net assets of the a Fund shall be determined pursuant to the applicable provisions of the Agreement and Declaration of Trust or a resolution of the Board of Trustees, if required. If, pursuant to such provisions, the determination of net asset value of the a 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 a 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).
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Samples: Management Agreement (Eudora Funds)