COMPENSATION TO BE PAID BY THE ADVISER TO THE SUB-ADVISER. (a) As compensation for the services to be rendered by the Sub-Adviser under the provisions of this Agreement, the Adviser will pay to the Sub-Adviser a fee each month based on the average daily net assets of the Fund during the month. Solely for the purpose of determining the promptness of payments, payments shall be considered made upon mailing or wiring pursuant to wiring instructions provided by the Sub-Adviser. Such fee shall be calculated in accordance with the fee schedule applicable to the Fund as set forth in Schedule A attached hereto.
COMPENSATION TO BE PAID BY THE ADVISER TO THE SUB-ADVISER. (a) As compensation for the services to be rendered by the Sub-Adviser under the provisions of this Agreement, the Adviser will pay to the Sub-Adviser a fee each month based on the average daily net assets of the Fund during the month. Such fee shall be calculated in accordance with the fee schedule applicable to the Fund as set forth in Schedule A attached hereto.
COMPENSATION TO BE PAID BY THE ADVISER TO THE SUB-ADVISER. Until shareholder approval of this Agreement, the Adviser will pay to the Sub-Adviser as compensation for the Sub-Adviser's services rendered and for the expenses borne by the Sub-Adviser pursuant to Section 1, a fee, computed and paid at the annual rate of 0.50 of 1% of the first $150 million of average daily net assets of the Fund, and 0.35 of 1% of any excess over $150 million. Upon shareholder approval of this Agreement, the Adviser will pay to the Sub-Adviser as compensation for the Sub-Adviser's services rendered and for the expenses borne by the Sub-Adviser pursuant to Section 1, a fee, computed and paid at the annual rate of 0.50 of 1% of the first $250 million of average daily net assets of the Fund, and 0.45 of 1% of any excess over $250 million. Such fee shall be paid by the Adviser, and not by the Fund, and without regard to any reduction in the fees paid by the Fund to the Adviser under its management contract as a result of any statutory or regulatory limitation on investment company expenses or voluntary fee reduction assumed by the Adviser. Such fee to the Sub-Adviser shall be payable for each month within 10 business days after the end of such month. If the Sub-Adviser shall serve for less than the whole of a month, the foregoing compensation shall be prorated.
COMPENSATION TO BE PAID BY THE ADVISER TO THE SUB-ADVISER. The Adviser will pay to the Sub-Adviser as compensation for the Sub-Adviser's services rendered and for the expenses borne by the Sub-Adviser pursuant to Section 1, a fee, computed and paid at the annual rate of the greater of (a) $40,000, or (b) 0.47% of the first $200 million of average net assets of the Fund, 0.42% of the next $200 million of average net assets, and 0.40% of any excess over $400 million. Such fee shall be paid by the Adviser, and not by the Fund, and without regard to any reduction in the fees paid by the Fund to the Adviser under its management contract as a result of any statutory or regulatory limitation on investment company expenses or voluntary fee reduction assumed by the Adviser. Such fee shall be payable for each month within 10 business days after the end of such month. If the Sub-Adviser shall serve for less than the whole of a month, the foregoing compensation shall be prorated.
COMPENSATION TO BE PAID BY THE ADVISER TO THE SUB-ADVISER. (a) As compensation for the services to be rendered by the Sub-Adviser under the provisions of this Agreement, the Adviser will pay to the Sub-Adviser a fee each quarter in an amount to be determined from time to time by the Adviser and the Sub-Adviser. Such fee shall be calculated based on a percentage of the Managed Portion’s average month end net assets (at various breakpoints), with such percentage not to exceed 0.50%. Solely for the purpose of determining the promptness of payments, payments shall be considered made upon mailing or wiring pursuant to wiring instructions provided by the Sub-Adviser.
COMPENSATION TO BE PAID BY THE ADVISER TO THE SUB-ADVISER. The Sub-Adviser’s consideration under this Agreement is, in part, the ability to further implement the Parent Company’s investment objectives and policies, as contemplated in the Sub-Advisory Agreement between the Adviser and the Sub-Adviser. A separate fee will not be paid to the Sub-Adviser under this Agreement.
COMPENSATION TO BE PAID BY THE ADVISER TO THE SUB-ADVISER. The Adviser will pay to the Sub-Adviser as compensation for the Sub-Adviser's services rendered and for the expenses borne by the Sub-Adviser pursuant to Section 1, a fee, computed and paid at the annual rate of: .48 of 1% of the average daily net assets of the Fund. Such fee shall be paid by the Adviser, and not by the Fund, and without regard to any reduction in the fees paid by the Fund to the Adviser under its management contract as a result of any statutory or regulatory limitation on investment company expenses or voluntary fee reduction assumed by the Adviser. Such fee shall be payable for each month within ten (10) business days after the end of such month. If the Sub-Adviser shall serve for less than the whole of a month, the foregoing compensation shall be prorated.
