Common use of Compensation of Xxxxx Xxxxx Clause in Contracts

Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Fund fees as set forth below: For investment management services: Xxxxx Xxxxx shall receive a fee based on the Fund’s average daily net assets per annum that are not invested in other investment companies for which Xxxxx Xxxxx or its affiliate (i) serves as adviser and (ii) receives an advisory fee (“Direct Assets”) as follows: Direct Assets Annual Fee Rate Up to $500 million 0.650% $500 million but less than $1 billion 0.625% $1 billion but less than $2.5 billion 0.600% $2.5 billion and over 0.575% For administrative services: The Board of Trustees of the Fund has currently determined that Xxxxx Xxxxx shall receive no compensation from the Fund in respect of the administrative services to be rendered and the facilities to be provided under this Agreement. If the Trustees subsequently determine that the Fund should compensate Xxxxx Xxxxx for such services and facilities, such compensation shall be set forth in a separate administrative agreement to be entered into by the parties hereto. The foregoing compensation shall be paid monthly in arrears on the last business day of each month. The Fund’s daily net assets shall be computed in accordance with the Declaration of Trust of the Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be based on the number of calendar days during which it is in effect. Xxxxx Xxxxx may, from time to time, waive all or a part of the above compensation.

Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Fund fees as set forth below: For investment management services: Xxxxx Xxxxx shall receive a fee based on the Fund’s average daily net assets per annum that are not invested in other investment companies for which Xxxxx Xxxxx or its affiliate (i) serves as adviser and (ii) receives an advisory fee (“Direct Assets”) as follows: Direct Daily Net Assets Annual Fee Rate Daily Net Assets Daily Income Rate Up to $500 million 0.6500.3150% Up to $500 million 3.150% $500 million but less than $1 billion 0.625750 million 0.2925% $1 500 million but less than $750 million 2.925% $750 million but less than $1.5 billion 0.2700% $750 million but less than $1.5 billion 2.700% $1.5 billion but less than $2.5 2 billion 0.6000.2475% $2.5 1.5 billion but less than $2 billion 2.475% $2 billion but less than $3 billion 0.2250% $2 billion but less than $3 billion 2.250% $3 billion and over 0.5750.2025% $3 billion and over 2.025% For administrative services: The Board of Trustees of the Fund has currently determined that Xxxxx Xxxxx shall receive no compensation from the Fund in respect of the administrative services to be rendered and the facilities to be provided under this Agreement. If the Trustees subsequently determine that the Fund should compensate Xxxxx Xxxxx for such services and facilities, such compensation shall be set forth in a separate administrative agreement to be entered into by the parties hereto. The foregoing compensation shall be paid monthly in arrears on the last business day of each month. The Fund’s daily net assets shall be computed in accordance with the Declaration of Trust of the Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be based on the number of calendar days during which it is in effect. Xxxxx Xxxxx may, from time to time, waive all or a part of the above compensation.

Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Fund fees as set forth below: For investment management services: Xxxxx Xxxxx shall receive a fee based on the Fund’s average daily net assets per annum that are not invested in other investment companies for which Xxxxx Xxxxx or its affiliate (i) serves as adviser and (ii) receives an advisory fee (“Direct Assets”) as follows: Direct Assets Annual Fee Rate Up to $500 million 0.650% $500 million but less than $1 2 billion 0.625% $1 2 billion but less than $2.5 5 billion 0.600% $2.5 5 billion but less than $10 billion 0.575% $10 billion but less than $15 billion 0.555% $15 billion but less than $20 billion 0.540% $20 billion but less than $25 billion 0.530% $25 billion and over 0.5750.520% For administrative services: The Board of Trustees of the Fund has currently determined that Xxxxx Xxxxx shall receive no compensation from the Fund in respect of the administrative services to be rendered and the facilities to be provided under this Agreement. If the Trustees subsequently determine that the Fund should compensate Xxxxx Xxxxx for such services and facilities, such compensation shall be set forth in a separate administrative agreement to be entered into by the parties hereto. The foregoing compensation shall be paid monthly in arrears on the last business day of each month. The Fund’s daily net assets shall be computed in accordance with the Declaration of Trust of the Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be based on the number of calendar days during which it is in effect. Xxxxx Xxxxx may, from time to time, waive all or a part of the above compensation.

Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Fund fees as set forth below: For investment management services: Xxxxx Xxxxx shall receive a fee based on the Fund’s average daily net assets per annum that are not invested in other investment companies for which Xxxxx Xxxxx or its affiliate (i) serves as adviser and (ii) receives an advisory fee (“Direct Assets”) as follows: Direct Assets Annual Fee Rate Up to $500 million 0.650% $500 million but less than $1 billion 0.6250.550% $1 billion but less than $2.5 billion 0.6000.530% $2.5 billion but less than $5 billion 0.510% $5 billion and over 0.5750.500% For administrative services: The Board of Trustees of the Fund has currently determined that Xxxxx Xxxxx shall receive no compensation from the Fund in respect of the administrative services to be rendered and the facilities to be provided under this Agreement. If the Trustees subsequently determine that the Fund should compensate Xxxxx Xxxxx for such services and facilities, such compensation shall be set forth in a separate administrative agreement to be entered into by the parties hereto. The foregoing compensation shall be paid monthly in arrears on the last business day of each month. The Fund’s daily net assets shall be computed in accordance with the Declaration of Trust of the Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be based on the number of calendar days during which it is in effect. Xxxxx Xxxxx may, from time to time, waive all or a part of the above compensation.

Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Fund fees as set forth below: For investment management services: Xxxxx Xxxxx shall receive a fee based on the Fund’s average daily net assets per annum that are not invested in other investment companies for which Xxxxx Xxxxx or its affiliate (i) serves as adviser and (ii) receives an advisory fee (“Direct Assets”) as follows: Direct Assets Annual Fee Rate Up to $500 million 0.6500.615% $500 million but less than $1 billion 0.6250.595% $1 billion but less than $2.5 1.5 billion 0.6000.575% $2.5 1.5 billion but less than $2 billion 0.555% $2 billion but less than $3 billion 0.520% $3 billion and over 0.5750.490% For administrative services: The Board of Trustees of the Fund has currently determined that Xxxxx Xxxxx shall receive no compensation from the Fund in respect of the administrative services to be rendered and the facilities to be provided under this Agreement. If the Trustees subsequently determine that the Fund should compensate Xxxxx Xxxxx for such services and facilities, such compensation shall be set forth in a separate administrative agreement to be entered into by the parties hereto. The foregoing compensation shall be paid monthly in arrears on the last business day of each month. The Fund’s daily net assets shall be computed in accordance with the Declaration of Trust of the Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be based on the number of calendar days during which it is in effect. Xxxxx Xxxxx may, from time to time, waive all or a part of the above compensation.

Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Fund fees as set forth below: For investment management services: Xxxxx Xxxxx shall receive a fee based on the Fund’s average daily net assets per annum that are not invested in other investment companies for which Xxxxx Xxxxx or its affiliate (i) serves as adviser and (ii) receives an advisory fee (“Direct Assets”) as follows: Direct Assets Annual Fee Rate Up to $500 million 0.6500.7500% $500 million but less than $1 billion 0.6250.6875% $1 billion but less than $1.5 billion 0.6250% $1.5 billion but less than $2 billion 0.5625% $2 billion but less than $2.5 billion 0.6000.5000% $2.5 billion and over 0.5750.4375% For administrative services: The Board of Trustees of the Fund has currently determined that Xxxxx Xxxxx shall receive no compensation from the Fund in respect of the administrative services to be rendered and the facilities to be provided under this Agreement. If the Trustees subsequently determine that the Fund should compensate Xxxxx Xxxxx for such services and facilities, such compensation shall be set forth in a separate administrative agreement to be entered into by the parties hereto. The foregoing compensation shall be paid monthly in arrears on the last business day of each month. The Fund’s daily net assets shall be computed in accordance with the Declaration of Trust of the Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be based on the number of calendar days during which it is in effect. Xxxxx Xxxxx may, from time to time, waive all or a part of the above compensation.

Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Fund fees as set forth below: For investment management services: Xxxxx Xxxxx shall receive a fee based on the Fund’s average daily net assets per annum that are not invested in other investment companies for which Xxxxx Xxxxx or its affiliate (i) serves as adviser and (ii) receives an advisory fee (“Direct Assets”) as follows: Direct Assets Annual Fee Rate Up to $500 million 0.6500.600% $500 million but less than $1 billion 0.6250.575% $1 billion but less than $2.5 billion 0.6000.550% $2.5 billion but less than $5 billion 0.530% $5 billion and over 0.5750.515% For administrative services: The Board of Trustees of the Fund has currently determined that Xxxxx Xxxxx shall receive no compensation from the Fund in respect of the administrative services to be rendered and the facilities to be provided under this Agreement. If the Trustees subsequently determine that the Fund should compensate Xxxxx Xxxxx for such services and facilities, such compensation shall be set forth in a separate administrative agreement to be entered into by the parties hereto. The foregoing compensation shall be paid monthly in arrears on the last business day of each month. The Fund’s daily net assets shall be computed in accordance with the Declaration of Trust of the Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be based on the number of calendar days during which it is in effect. Xxxxx Xxxxx may, from time to time, waive all or a part of the above compensation.

Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Fund fees as set forth below: For investment management services: Xxxxx Xxxxx shall receive a fee based on the Fund’s average daily net assets per annum that are not invested in other investment companies for which Xxxxx Xxxxx or its affiliate (i) serves as adviser and (ii) receives an advisory fee (“Direct Assets”) as follows: Direct Assets Annual Fee Rate Up to $500 million 0.650% $500 million but less than $1 billion 0.6250.3200% $1 billion but less than $2.5 billion 0.6000.3075% $2.5 billion but less than $5 billion 0.2950% $5 billion and over 0.5750.2875% For administrative services: The Board of Trustees of the Fund has currently determined that Xxxxx Xxxxx shall receive no compensation from the Fund in respect of the administrative services to be rendered and the facilities to be provided under this Agreement. If the Trustees subsequently determine that the Fund should compensate Xxxxx Xxxxx for such services and facilities, such compensation shall be set forth in a separate administrative agreement to be entered into by the parties hereto. The foregoing compensation shall be paid monthly in arrears on the last business day of each month. The Fund’s daily net assets shall be computed in accordance with the Declaration of Trust of the Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be based on the number of calendar days during which it is in effect. Xxxxx Xxxxx may, from time to time, waive all or a part of the above compensation.