Common use of Compensation Payable to ADVISER Clause in Contracts

Compensation Payable to ADVISER. The TRUST shall pay to the ADVISER, as compensation for the services rendered, facilities furnished and expenses paid by the ADVISER, with respect to the Fund, a monthly fee computed at the following annual rate: 1.00% of average daily net assets. Average daily net assets shall be determined by taking the average of the net assets for each business day during a given calendar month, calculated in the manner provided in the TRUST's Declaration of Trust. Such fee shall be payable for each calendar month as soon as practicable after the end of that month. The fees payable to the ADVISER by the TRUST pursuant to this Section 4 shall be reduced by any commissions, tender solicitation

Compensation Payable to ADVISER. The TRUST shall pay to the ADVISER, as compensation for the services rendered, facilities furnished and expenses paid by the ADVISER, with respect to the FundPortfolio, a monthly fee computed at the following annual rate: 1.00% of average daily net assets. Average daily net assets shall be determined by taking the average of the net assets for each business day during a given calendar month, calculated in the manner provided in the TRUST's Declaration of Trust. Such fee shall be payable for each calendar month as soon as practicable after the end of that month. The fees payable to the ADVISER by the TRUST pursuant to this Section 4 shall be reduced by any commissions, tender solicitation