Common use of Complete or Partial Clause in Contracts

Complete or Partial. Withdrawal following the Transition Period A Performance Fee will be calculated for each Holding which is withdrawn following the Transition Period using the following formula: n/365 x Excess Return for the relevant Calculation Period x 20% x Average Net Assets of the Holding for the relevant Calculation Period - any Performance Fees paid during the Calculation Period on that Holding, where n is equal to the number of days in the Calculation Period. Where a withdrawal is allocated to only part of a Holding on the first in first out basis , the Performance Fee for that Holding shall be pro rated according to the proportion of the Holding withdrawn.

Complete or Partial. Withdrawal following during the Transition Period A Performance Fee will be calculated for each Holding which is withdrawn following during the Transition Period using the following formula: n/365 x (Excess Return for the relevant Calculation Period x 2018% x Average Net Assets of the Holding for the relevant Calculation Period Period) - any Performance Fees paid during the Calculation Period to-date on that Holding, where n is equal to the number of days in the Calculation Period. Where a withdrawal is allocated to only part of a Holding (on the first in first first-in-first-out basis basis), the Performance Fee for that Holding shall be pro pro-rated according to the proportion of the Holding withdrawn.

Complete or Partial. Withdrawal following the Transition Period A Performance Fee will be calculated for each Holding which is withdrawn following the Transition Period using the following formula: n/365 x (Excess Return for the relevant Calculation Period x 2018% x Average Net Assets of the Holding for the relevant Calculation Period Period) - any Performance Fees paid during the Calculation Period on that Holding, where n is equal to the number of days in the Calculation Period. Where a withdrawal is allocated to only part of a Holding (on the first in first first-in-first-out basis basis), the Performance Fee for that Holding shall be pro pro-rated according to the proportion of the Holding withdrawn.

Complete or Partial. Withdrawal following during the Transition Period A Performance Fee will be calculated for each Holding which is withdrawn following during the Transition Period using the following formula: n/365 x Excess Return for the relevant Calculation Period x 20% x Average Net Assets of the Holding for the relevant Calculation Period - any Performance Fees paid during the Calculation Period to date on that Holding, where n is equal to the number of days in the Calculation Period. Where a withdrawal is allocated to only part of a Holding on the first in first out basis , the Performance Fee for that Holding shall be pro rated according to the proportion of the Holding withdrawn.