COMPENSATION TO THE ADVISER. (a) For its services hereunder, the Trust shall pay to the Adviser, at the end of each calendar month, a management fee calculated as a percentage of the average value of the net assets each day for each Fund during that month at the annual rates set forth in Exhibit A hereto. The Adviser’s fee shall be accrued daily at 1/365th of the applicable annual rate (or 1/366th of the applicable annual rate in leap years). For the purpose of accruing compensation, the net assets of each Fund shall be determined in the manner and on the dates set forth in the Declaration of Trust or the current registration statement of the Trust and, on days on which the net assets are not so determined, the net asset value computation to be used shall be as determined on the immediately preceding day on which the net assets were determined.
(b) In the event of termination of this Agreement, all compensation due through the date of termination will be calculated on a pro-rated basis through the date of termination and paid within 15 business days of the date of termination. During any period when the determination of net asset value is suspended, the net asset value of a Fund as of the last business day prior to such suspension shall for this purpose be deemed to be the net asset value at the close of each succeeding business day until it is again determined.
(c) The Adviser shall have the right to waive any portion of its management fee during any period, and it may permanently reduce the amount of the fee under such terms as it may determine by written notice thereof to the Trust. The Adviser shall have the right to make payments out of its management fee or other resources to others, as it solely determines.
COMPENSATION TO THE ADVISER. The Trust shall pay the Adviser, out of its assets, as full compensation for all services rendered, an advisory fee for the Trust set forth below.
COMPENSATION TO THE ADVISER. The Trust shall pay the Adviser, out of the assets of a Fund, as full compensation for all services rendered, an advisory fee for such Fund set forth below. Such fee shall be calculated by applying the following annual rates to the average daily net assets of such Fund for the calendar year computed in the manner used for the determination of the net asset value of shares of such Fund.
COMPENSATION TO THE ADVISER. The Trust shall pay the Adviser, out of its assets, as full compensation for all services rendered, an advisory fee for the Trust set forth below. Such fee shall be calculated by applying the following annual rates to the average daily manage assets of the Trust for the calendar year. FUND NAME ADVISORY FEE RATE --------------------------------------- ------------------------------------- Invesco Senior Income Trust .85% on managed assets"
COMPENSATION TO THE ADVISER. The reference to the Fund in Appendix B of the Agreement is deleted and replaced in its entirety as follows: MFS U.S. Government Money Market Portfolio 0.40% of the Fund’s average daily net assets annually up to $1 billion; and
COMPENSATION TO THE ADVISER. For its services hereunder, the Trust shall pay to the Adviser a management fee equal to the percentage (per annum) as set forth below of the average daily net assets of the applicable series of the Trust:
COMPENSATION TO THE ADVISER. The reference to the Fund in Appendix B of the Agreement is deleted and replaced in its entirety as follows: MFS Equity Income Fund 0.50% of the Fund’s average daily net assets annually up to $1 billion; 0.475% of the Fund’s average daily net assets annually in excess of $1 billion and up to $2.5 billion; 0.45% of the Fund’s average daily net assets annually in excess of $2.5 billion
COMPENSATION TO THE ADVISER. The investment advisory fee payable by the Fund shall be computed and paid monthly at the annual rate equal to the Fund’s average daily net assets for its then current fiscal year noted below:
COMPENSATION TO THE ADVISER. As the Adviser's sole and exclusive compensation for its services to be rendered pursuant to the terms set out above, the Company will, during the term of this Agreement, pay to the Adviser, quarterly, a fee equal to 0.625% per quarter of the quarter-end value of the Company's consolidated total assets (less Interim Investments and cash) plus 0.125% per quarter of the quarter-end value of the Company's consolidated Interim Investments and cash.
COMPENSATION TO THE ADVISER a. For its services hereunder for so long as each respective Fund invests 100% of its assets in the respective Madison Funds Madison Target Retirement Date Fund for which the Adviser serves as the investment adviser, the Funds shall pay no management fee to the Adviser in recognition of the fees paid to the Adviser by the corresponding Madison Funds Madison Target Retirement Date Fund.
b. For its services hereunder if or when the previous paragraph does not apply, the Funds shall pay to the Adviser a management fee equal to the percentage (per annum) as set forth below of the average daily net assets of each Fund: Madison Target Retirement 2020 Fund 0.25% Madison Target Retirement 2030 Fund 0.25% Madison Target Retirement 2040 Fund 0.25% Madison Target Retirement 2050 Fund 0.25% Such fees shall be payable monthly as of the last day of the month and shall be the sum of the daily fees calculated as one-three hundred sixty-fifth (1/365), except in leap years one-three hundred sixty-sixth (1/366), of the annual fee based upon the assets of each series calculated for the day. With respect to any series of the Trust subsequently authorized by the Trustees to be included in this Agreement, the management fee applicable thereto shall be set forth herein as mutually agreed between the parties at the time the additional series is authorized, provided such revision is approved by the Trustees, including the vote of a majority of those Trustees who are not interested persons of the Trust, cast in person at a meeting called for that purpose. The Adviser shall have the right to waive any portion of its management fee during any period, and it may permanently reduce the amount of the fee under such terms as it may determine by written notice thereof to the Trust. The Adviser shall have the right to share its management fee with others or make payments out of its management fee to others, as it solely determines.
