COMPENSATION TO BE PAID BY THE MANAGER TO THE SUB-ADVISER Sample Clauses

COMPENSATION TO BE PAID BY THE MANAGER TO THE SUB-ADVISER. The Manager will pay to the Sub-Adviser as compensation for the Sub-Adviser’s services rendered, for the facilities furnished and for the expenses borne by the Sub-Adviser pursuant to Section 1, a fee for each Fund, based on the applicable Fund’s average daily net assets, computed and paid monthly at the annual rates set forth on Schedule A attached hereto. For purposes of this Section 3, “average daily net assets” means the average of all of the determinations of a Fund’s net asset value at the close of business on each business day during each month while this Agreement is in effect. Such fee shall be payable for each month within fifteen (15) 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. In the event that the Sub-Adviser has agreed to a fee waiver arrangement with the Manager on behalf of a Fund, subject to such terms and conditions as the Sub-Adviser and the Manager may set forth in such agreement, the compensation due the Sub-Adviser with respect to such Fund hereunder shall be reduced to the extent required by such fee waiver arrangement.

COMPENSATION TO BE PAID BY THE MANAGER TO THE SUB-ADVISER. The Manager 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 monthly at the annual rate of 0.400% of the average daily net asset value of the Fund. 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 MANAGER TO THE SUB-ADVISER. (a) The Manager 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 (the “Sub-Advisory Fee”), calculated monthly and payable monthly in arrears. The Manager shall direct the Fund to pay the Sub-Adviser the amount of any Sub-Advisory Fee due directly out of the fees that Manager receives from the Fund under the Manager’s investment management agreement with the Trust with respect to the Fund. The Sub-Advisory Fee for a month shall be payable within 30 days after the end of the month, beginning with the first full calendar month that this Agreement is in effect. (b) The Sub-Advisory Fee payable for a month shall be a percentage of the Fund’s average daily net asset value for that month. The annual percentage rate for a month that shall apply to that portion of the Fund’s average daily net asset value up to $35 million shall be 0.30 percent, to that portion of the Fund’s average daily net asset value that is greater than $35 million but not greater than $200 million, 0.35 percent, and to that portion of the Fund’s average daily net asset value that is more than $200 million, 0.45 percent. The average daily net asset value of the Fund for a month shall be equal to the average of all daily determinations of the Fund’s net asset value during such month. The Fund’s net asset value on a business day shall be determined at the close of business on such day, and for a non-business day, the value shall be equal to the Fund’s net asset value as of the close of business on the immediately preceding business day.

COMPENSATION TO BE PAID BY THE MANAGER TO THE SUB-ADVISER. The Manager 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 this Agreement a fee with respect to each Portfolio, computed and paid monthly, at the annual rate specified on Schedule B hereto, of the average daily net assets of the Fund. The average daily net assets of a Fund for any month shall be determined in the same manner as contemplated by the Investment Management Agreement. 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 MANAGER TO THE SUB-ADVISER. The Manager will pay to the Sub-Adviser as compensation for the Sub-Adviser’s services rendered, for the facilities furnished and for the expenses borne by the Sub-Adviser pursuant to Section 1, a fee, computed and paid monthly at the annual rate of 0.54% of the average daily total managed assets of the Fund. For purposes of this Section 3, “total managed assets” means the total assets of the Fund (including any assets attributable to any preferred shares and borrowings that may be outstanding) minus accrued liabilities (other than liabilities representing borrowings). For the avoidance of doubt, with respect to any reverse repurchase agreement, dollar roll or similar leveraging transaction, “total managed assets” include any proceeds from the sale of an asset of the Fund to a counterparty in such a transaction, in addition to the value of the underlying assent on the relevant measuring date. The average daily total managed assets of the Fund shall be determined by taking an average of all of the determinations of such amount during such month at the close of business on each business day during such month while this Agreement is in effect. Such fee shall be payable for each month within five (5) business days after the end of such month. In the event that the Sub-Adviser has agreed to a fee waiver arrangement with the Fund, subject to such terms and conditions as the Sub-Adviser and the Manager may set forth in such agreement, the compensation due the Sub-Adviser hereunder shall be reduced to the extent required by such fee waiver arrangement. 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 MANAGER TO THE SUB-ADVISER. With respect to each Fund, the Manager will pay to the Sub-Adviser as compensation for the Sub-Adviser’s services rendered, for the facilities furnished and for the expenses borne by the Sub-Adviser pursuant to Section 1, a fee of 80% of the net management fee generated in respect of each Fund, based on the Fund’s average daily net assets (other than those constituting Xxxxxxx Capital (as defined below, which shall, in certain circumstances set out below, pay the Additional Fee (as defined below)), computed and paid monthly at the annual rates set forth on Schedule A attached hereto; provided, however, that any such fee shall be payable only if and to the extent that the Manager has received from the Trust a corresponding investment management fee with respect to the Fund for the particular period under the Investment Management Agreement between the Trust and the Manager with respect to the Funds, originally dated November 17, 2010, as thereafter amended and restated from time to time (the “Management Agreement”). For purposes of this Section 3, “average daily net assets” means the average of all of the determinations of a Fund’s net asset value at the close of business on each business day during each month while this Agreement is in effect. Such fee shall be payable for each month within the later of (i) thirty (30) business days after the end of such month and (ii) fifteen (15) business days after the Manager’s receipt of the applicable corresponding investment management fee from the Trust under the Management Agreement as referenced in the prior paragraph. If the Sub-Adviser shall serve for less than the whole of a month, the foregoing compensation shall be prorated. In the event that the Sub-Adviser has agreed to a fee waiver or an expense limitation or reimbursement arrangement with the Manager and/or the Trust with respect to a Fund, subject to such terms and conditions as may be set forth in such agreement, the compensation due the Sub-Adviser hereunder shall be reduced, and, if necessary, the Sub-Adviser shall bear expenses with respect to such Fund, to the extent required by such fee waiver or expense limitation or reimbursement arrangement. The Sub-Adviser and the Manager hereby also agree that where the net asset value of a Fund on the relevant calculation date is more than $50,000,000 (the “Threshold Amount”) and Xxxxxxx Capital (as defined below) forms part of the net asset value of the relevant Fund that has taken the net asset value of th...

COMPENSATION TO BE PAID BY THE MANAGER TO THE SUB-ADVISER. The Fund, as directed by the Manager will pay to the Sub-Adviser from the fees payable to the Sub-Adviser under the Amended and Restated Management Agreement, dated May 1, 2008, as amended, between the Sub-Adviser and the Trust, 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 monthly at the annual rate of 0.10% of the first $100 million, 0.08% of the next $150 million and 0.06% of amounts in excess of $250 million of average daily Net Assets, with an annual minimum of $100,000. Such average daily Net Assets of the Fund shall be determined by taking an average of all the determinations of such Net Assets during such month at the close of business on each business day, and for non-business days, the net asset value determined on the previous business day, during such month while this Agreement is in effect. Such fee shall be payable for each month within 30 days after the end of each month, beginning with the first full month of this Agreement.

COMPENSATION TO BE PAID BY THE MANAGER TO THE SUB-ADVISER. The Manager 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 Notwithstanding the foregoing, in the event that any reduction in the fees paid to the Manager under the Management Contract shall be required as a result of any statutory or regulatory limitation on investment company expenses, there shall be a proportionate reduction in the fee payable to the Sub-Adviser hereunder; PROVIDED THAT the Sub-Adviser will never be required to pay more than the amount of fees it receives. 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 MANAGER TO THE SUB-ADVISER. The Manager 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 monthly at the annual rate of 0.15% of the value of the Fund's average daily net assets up to $200 million and 0.10% of the value of the Fund's average daily net assets over $200 million. Such average daily net asset value of the Fund shall be determined by taking an average of all of the determinations of such net asset value during such month at the close of business on each business day during such month while this contract is in effect. Such fee shall be payable for each month within 10 business days after the end of such month. Notwithstanding the foregoing, in the event that any reduction in the fees paid to the Manager under the Management Contract shall be required as a result of any statutory or regulatory limitation on investment company expenses, there shall be a proportionate reduction in the fee payable to the Sub- Adviser hereunder; PROVIDED THAT the Sub-Adviser will never be required to pay more than the amount of fees it receives. 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 MANAGER TO THE SUB-ADVISER. The Manager 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 monthly at the annual rate of 0.15% of the value of the Fund's average daily net assets. Such average daily net asset value of the Fund shall be determined by taking an average of all of the determinations of such net asset value during such month at the close of business on each business day during such month while this contract is in effect. 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.