Consolidated Fee. Each Fund shall pay the Administrator a fee at the annual rate of the average daily net assets of each Fund as set forth in the schedule below. Such fee shall be calculated and accrued daily, and paid to the Administrator monthly. The average value of the daily net assets of each Fund shall be determined pursuant to the applicable provisions of the Trust’s Declaration of Trust or a resolution of the Board, if required. If, pursuant to such provisions, the determination of net asset value of a Fund is suspended for any particular business day, then for the purposes of this paragraph, the value of the net assets of a Fund as last determined shall be deemed to be the value of the net assets as of the close of the business day, or as of such other time as the value of a Fund’s net assets may lawfully be determined, on that day. If the determination of the net asset value of a Fund has been suspended for a period including such month, Administrator’s compensation payable at the end of such month shall be computed on the basis of the value of the net assets of that Fund as last determined (whether during or prior to such month).
Consolidated Fee. The Licensee will pay INSOURCE the Consolidated Fee for the Licensed Software as follows: (i) for the first Contract Year, the amount provided for in the applicable IPA as the "Payment Amount"; and (ii) for each Contract Year subsequent to the first Contract Year, an amount invoiced by INSOURCE. Consolidated Fees for partial Contract Years will be prorated and will be due on the first day of such partial Contract Year, unless otherwise stated in the applicable IPA. INSOURCE will use good faith efforts to invoice The Licensee thirty (30) days in advance of the applicable due date or upon reasonable request of the Licensee. INSOURCE reserves the right to modify its Consolidated Fees and shall give the Licensee 30 days' notice of any such modifications to its Consolidated Fees. The Consolidated Fee shall be INSOURCE's current licensee fees in force as set out in the IPA. The Consolidated Fees do not include any third party licences that may be required to run the Licensed Software which shall be separately due and payable.
Consolidated Fee. The Licensee will pay INSOURCE the Consolidated Fee for the Licensed Software as follows: (i) for the first Contract Year, the amount provided for in the applicable Insource Purchase Agreement as the "Payment Amount"; and (ii) for each Contract Year subsequent to the first Contract Year, an amount invoiced by INSOURCE. Consolidated Fees for partial Contract Years will be prorated and will be due on the first day of such partial Contract Year, unless otherwise stated in the applicable Insource Purchase Agreement. INSOURCE will use good faith efforts to invoice The Licensee thirty
