COMPENSATION PAYABLE TO THE ADVISER. The FUND shall pay to the ADVISER, as compensation for the services rendered, facilities furnished and expenses paid by the ADVISER, a monthly fee computed at the following annual rate: [advisory fee schedule] 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 FUND'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 FUND pursuant to this Section 3 shall be reduced by any commissions, tender solicitation and other fees, brokerage or similar payments received by the ADVISER, or any other direct or indirect majority owned subsidiary of VK/AC Holding, Inc., in connection with the purchase and sale of portfolio investments of the FUND, less any direct expenses incurred by such person, in connection with obtaining such commissions, fees, brokerage or similar payments. The ADVISER shall use its best efforts to recapture all available tender offer solicitation fees and exchange offer fees in connection with the FUND's portfolio transactions and shall advise the Trustees of any other commissions, fees, brokerage or similar payments which may be possible for the ADVISER or any other direct or indirect majority owned subsidiary of VK/AC Holding, Inc. to receive in connection with FUND's portfolio transactions or other arrangements which may benefit the FUND. In the event that the ordinary business expenses of the FUND for any fiscal year should exceed 1.5% of the first $30 million of the FUND's average daily net assets plus 1% of any excess over $30 million, the compensation due the ADVISER for such fiscal year shall be reduced by the amount of such excess. The Adviser's compensation shall be so reduced by a reduction or a refund thereof, at the time such compensation is payable after the end of each calendar month during such fiscal year of the FUND, and if such amount should exceed such monthly compensation, the ADVISER shall pay the FUND an amount sufficient to make up the deficiency, subject to readjustment during the FUND's fiscal year. For purposes of this paragraph, all ordinary business expenses of the FUND shall include the investment advisory fee and other operating expenses paid by the FUND except (i) for interest and taxes; (ii) brokerage commissions; (iii) as a result of litigation in connection with a suit involving a...
COMPENSATION PAYABLE TO THE 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 Portfolio, 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 and other fees, brokerage or similar payments received by the ADVISER, or any other direct or indirect majority owned subsidiary of VK/AC Holding, Inc., in connection with the purchase and sale of portfolio investments of the TRUST, less any direct expenses incurred by such person, in connection with obtaining such commissions, fees, brokerage or similar payments. The ADVISER shall use its best efforts to recapture all available tender offer solicitation fees and exchange offer fees in connection with the TRUST's portfolio transactions and shall advise the Trustees of any other commissions, fees, brokerage or similar payments which may be possible for the ADVISER or any other direct or indirect majority owned subsidiary of VK/AC Holding, Inc. to receive in connection with TRUST's portfolio transactions or other arrangements which may benefit the TRUST. If the ADVISER shall serve for less than the whole of any month, the foregoing compensation shall be prorated.
COMPENSATION PAYABLE TO THE ADVISER. The FUND shall pay to the ADVISER, as compensation for the services rendered, facilities furnished and expenses paid by the ADVISER, a monthly fee computed at the following annual rate:
COMPENSATION PAYABLE TO THE ADVISER. The Fund shall pay to the Adviser, as compensation for the services rendered, facilities furnished and expenses paid by the Adviser, a monthly fee computed at the following annual rate: AVERAGE DAILY FEE AS A PERCENT PER ANNUM NET ASSETS OF AVERAGE DAILY NET ASSETS ------------------ --------------------------- First $500 million 0.42% Next $750 million 0.35% Over $1.25 billion 0.22% 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 Fund'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 Fund pursuant to this Section 3 shall be reduced by any commissions, tender solicitation and other fees, brokerage or similar payments received by the Adviser, or any other direct or indirect majority owned subsidiary of Vxx Xxxxxx Investments Inc., in connection with the purchase and sale of portfolio investments of the Fund, less any direct expenses incurred by such person, in connection with obtaining such commissions, fees, brokerage or similar payments. The Adviser shall use its best efforts to recapture all available tender offer solicitation fees and exchange offer fees in connection with the Funds portfolio transactions and shall advise the Trustees of any other commissions, fees, brokerage or similar payments which may be possible for the Adviser or any other direct or indirect majority owned subsidiary of Vxx Xxxxxx Investments Inc. to receive in connection with Funds portfolio transactions or other arrangements which may benefit the Fund. In the event that the ordinary business expenses of the Fund for any fiscal year should exceed 1.5% of the first $30 million of the Funds average daily net assets plus 1% of any excess over $30 million, the compensation due the Adviser for such fiscal year shall be reduced by the amount of such excess. The Advisers compensation shall be so reduced by a reduction or a refund thereof, at the time such compensation is payable after the end of each calendar month during such fiscal year of the Fund, and if such amount should exceed such monthly compensation, the Adviser shall pay the Fund an amount sufficient to make up the deficiency, subject to readjustment during the Fund's fiscal year. For purposes of this paragraph, all ordinary business expenses of the Fund shall include the investment ad...
COMPENSATION PAYABLE TO THE ADVISER. The FUND shall pay no compensation to the ADVISER, for the services rendered or the facilities furnished by the ADVISER.
COMPENSATION PAYABLE TO THE ADVISER. The Fund shall pay to the Adviser, as compensation for the services rendered, facilities furnished and expenses paid by the Adviser, a monthly fee computed at the following annual rates: AVERAGE WEEKLY FEE AS A PERCENT PER ANNUM NET ASSETS OF AVERAGE WEEKLY NET ASSETS ------------------ --------------------------- First $500 million 0.42% Over $500 million 0.35%
COMPENSATION PAYABLE TO THE ADVISER. The TRUST shall pay to the ADVISER, as compensation for the services rendered, facilities furnished and expenses paid by the ADVISER, a monthly fee computed at the following annual rate: For purposes of this calculation, assets of the Fund shall be combined in calculating the investment advisory fee. The Fund shall bear is pro rata share of such fee based upon its average daily net assets.
COMPENSATION PAYABLE TO THE 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 Portfolio, a monthly fee computed at the following annual rate:
COMPENSATION PAYABLE TO THE ADVISER. The Fund shall pay to the Adviser, as compensation for the services rendered, facilities furnished and expenses paid by the Adviser, a monthly fee computed at the annual rate of 0.30% of the Funds average net assets. The Adviser hereby agrees that it shall look for payment of such compensation solely to the Funds assets and not to any personal assets of any partner of the Fund. Such average net assets shall be determined by taking the average of all of the determinations of net asset value, made in the manner provided in the Funds Certificate and Agreement of Limited Partnership, for each business day during a given calendar month. 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 Fund pursuant to this Section 3 shall be reduced by any commissions, tender solicitation and other fees, brokerage or similar payments received by the Adviser, or any other direct or indirect majority owned subsidiary of Xxx Xxxxxx Investments Inc. or its successor, in connection with the purchase and sale of portfolio investments of the Fund, less any direct expenses incurred by such person, in connection with obtaining such commissions, fees, brokerage or similar payments. The Adviser shall use its best efforts to recapture all available tender offer solicitation fees and exchange offer fees in connection with the Funds portfolio transactions and shall advise the Managing General Partners of any other commissions, fees, brokerage or similar payments which may be possible for the Adviser, or any other direct or indirect majority owned subsidiary of Xxx Xxxxxx Investments Inc. or its successor, to receive in connection with Funds portfolio transactions or other arrangements which may benefit the Fund.
COMPENSATION PAYABLE TO THE ADVISER. The ADVISER shall provide to the FUND the services provided for herein without charge. The FUND's obligation to reimburse the ADVISER for certain expenses as described in Section 1 shall be reduced by any commissions, tender solicitation and other fees, brokerage or similar payments received by the ADVISER, or any other direct or indirect majority owned subsidiary of VK/AC Holding, Inc., in connection with the purchase and sale of portfolio investments of the FUND, less any direct expenses incurred by such person, in connection with obtaining such commissions, fees, brokerage or similar payments. The ADVISER shall use its best efforts to recaputre all available tender offer solicitation fees and exchange offer fees in connection with the FUND's portfolio transactions and shall advise the Board of Trustees of any other commissions, fees, brokerage or similar payments which may be possible for the ADVISER or any other direct or indirect majority owned subsidiary of VK/AC Holding, Inc. to receive in connection with the FUND's portfolio trasaction or other arrangements which may benefit the FUND.
