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Common use of Fee Increases Clause in Contracts

Fee Increases. After the Initial Term, Ultimus may annually increase the fees listed above by an amount not to exceed the average annual change for the prior calendar year in the Consumer Price Index for All Urban Consumers - All Items (seasonally unadjusted) (collectively the “CPI-U”)1 plus 1.5%; provided that Ultimus gives 30-day notice of such increase to a Fund Company by March 1 of the then-current calendar year. The fee increase will take effect on April 1 of the then-current calendar year.

Appears in 3 contracts

Samples: Master Services Agreement (Wilshire Mutual Funds Inc), Master Services Agreement (Wilshire Mutual Funds Inc), Master Services Agreement (Wilshire Variable Insurance Trust)

Fee Increases. After the Initial Term, Ultimus may annually increase the minimum fees listed in section 1.1 above by an amount not to exceed the average annual change for the prior calendar year in the Consumer Price Index for All Urban Consumers - All Items (seasonally unadjusted) (collectively the “CPI-U”)1 U”)2 plus 1.5%; provided that Ultimus gives 3060-day notice of such increase to a Fund Company by March 1 the Trust’s Board of Trustees and the thenAdviser. Any CPI–U increases not charged in any given year may be included in prospective CPI-current calendar year. The U fee increase will take effect on April 1 of the then-current calendar yearincreases in future years.

Appears in 3 contracts

Samples: Etf Master Services Agreement (Uncommon Investment Funds Trust), Master Services Agreement (VELA Funds), Master Services Agreement (Primark Private Equity Fund)

Fee Increases. After the Initial Term, Ultimus may annually increase the fees listed above by an amount not to exceed the average annual change for the prior calendar year in the Consumer Price Index for All Urban Consumers - All Items (seasonally unadjusted) (collectively the “CPI-U”)1 plus 1.5%; provided that Ultimus gives 30-day notice of such increase to a Fund Company the Trust by March 1 of the then-current calendar year. The fee increase will take effect on April 1 of the then-current calendar year. Any CPI–U increases not charged in any given year may be included in prospective CPI-U fee increases in future years.

Appears in 3 contracts

Samples: Master Services Agreement (Capitol Series Trust), Master Services Agreement (Capitol Series Trust), Master Services Agreement (Asset Management Fund)

Fee Increases. After the Initial Term, Ultimus may annually increase the fees listed above by an amount not to exceed the average annual change for the prior calendar year in the Consumer Price Index for All Urban Consumers - Consumers—All Items (seasonally unadjusted) (collectively the “CPI-U”)1 U”)2 plus 1.5%; provided that Ultimus gives 30-day notice of such increase to a Fund Company the Trust by March 1 of the then-current calendar year. The fee increase will take effect on April 1 of the then-current calendar year. Any CPI-U increases not charged in any given year may be included in prospective CPI-U fee increases in future years.

Appears in 2 contracts

Samples: Master Services Agreement (Valued Advisers Trust), Master Services Agreement (Capitol Series Trust)

Fee Increases. After the Initial Term, Ultimus may annually increase the fees listed above by an amount not to exceed the average annual change for the prior calendar year in the Consumer Price Index for All Urban Consumers - All Items (seasonally unadjusted) (collectively the “CPI-U”)1 plus 1.5%; provided that Ultimus gives 3060-day notice of such increase to a Fund Company by March 1 the Trust’s Board of Trustees and the thenAdviser. Any CPI–U increases not charged in any given year may be included in prospective CPI-current calendar year. The U fee increase will take effect on April 1 of the then-current calendar yearincreases in future years.

Appears in 2 contracts

Samples: Master Services Agreement (VELA Funds), Master Services Agreement (Primark Private Equity Fund)

Fee Increases. After the Initial Term, Ultimus may annually increase the fees listed above by an amount not to exceed the average annual change for the prior calendar year in the Consumer Price Index for All Urban Consumers - All Items (seasonally unadjusted) (collectively the “CPI-U”)1 U”)2 plus 1.5%; provided that Ultimus gives 30-day notice of such increase to a Fund Company the Trust by March 1 of the then-current calendar year. The fee increase will take effect on April 1 of the then-current calendar year. Any CPI-U increases not charged in any given year may be included in prospective CPI-U fee increases in future years.

Appears in 2 contracts

Samples: Master Services Agreement (Capitol Series Trust), Master Services Agreement (Capitol Series Trust)

Fee Increases. After the Initial Term, Ultimus may annually increase the fees listed above by an amount not to exceed the average annual change for the prior calendar year in the Consumer Price Index for All Urban Consumers - All Items (seasonally unadjusted) (collectively the “CPI-U”)1 plus 1.5%; provided that Ultimus gives 30-day notice of such increase to a Fund Company the Trust by March 1 of the then-current calendar year. The fee increase will take effect on April 1 of the then-current calendar year. Any CPI-U increases not charged in any given year may be included in prospective CPI-U fee increases in future years.

Appears in 2 contracts

Samples: Master Services Agreement (American Pension Investors Trust), Master Services Agreement (Asset Management Fund)

Fee Increases. After the Initial Term, Ultimus may annually increase the fees listed above by an amount not to exceed the average annual change for the prior calendar year in the Consumer Price Index for All Urban Consumers - Consumers—All Items (seasonally unadjusted) (collectively the “CPI-U”)1 plus 1.5%; provided that Ultimus gives 30-day notice of such increase to a Fund Company the Trust by March 1 of the then-current calendar year. The fee increase will take effect on April 1 of the then-current calendar year. Any CPI–U increases not charged in any given year may be included in prospective CPI-U fee increases in future years.

Appears in 2 contracts

Samples: Master Services Agreement (Valued Advisers Trust), Master Services Agreement (Capitol Series Trust)

Fee Increases. After the Initial Term, Ultimus may annually increase the fees listed above by an amount not to exceed the average annual change for the prior calendar year in the Consumer Price Index for All Urban Consumers - All Items (seasonally unadjusted) (collectively the “CPI-U”)1 U”)2 plus 1.5%; provided that Ultimus gives 30-day notice of such increase to a Fund Company the Trust by March 1 of the then-current calendar year. The fee increase will take effect on April 1 of the then-current calendar year.

Appears in 1 contract

Samples: Master Services Agreement (Conestoga Funds)

Fee Increases. After the Initial Term, Ultimus may annually increase the fees listed above by an amount not to exceed the average annual change for the prior calendar year in the Consumer Price Index for All Urban Consumers - All Items (seasonally unadjusted) (collectively the “CPI-U”)1 plus 1.5%; provided that Ultimus gives 30-day notice of such increase to a Fund Company the Trust by March 1 of the then-current calendar year. The fee increase will take effect on April 1 of the then-current calendar year.

Appears in 1 contract

Samples: Master Services Agreement (Conestoga Funds)

Fee Increases. After the Initial Term, Ultimus may annually increase the fees listed above by an amount not to exceed the average annual change for the prior calendar year in the Consumer Price Index for All Urban Consumers - All Items (seasonally unadjusted) (collectively the “CPI-U”)1 plus 1.5%; provided that Ultimus gives 3060-day notice of such increase to the Trust’s 1 Using 1982-84=100 as a Fund Company base, unless otherwise noted in reports by March 1 the Bureau of the then-current calendar year. The fee increase will take effect on April 1 of the then-current calendar yearLabor Statistics.

Appears in 1 contract

Samples: Etf Master Services Agreement (Uncommon Investment Funds Trust)

Fee Increases. After the Initial Term, Ultimus may annually increase the fees listed above by an amount not to exceed the average annual change for the prior calendar year in the Consumer Price Index for All Urban Consumers - All Items (seasonally unadjusted) (collectively the “CPI-U”)1 plus 1.5%U”)1; provided that Ultimus gives 30-day notice of such increase to a Fund Company the Trust by March 1 of the then-current calendar year. The fee increase will take effect on April 1 of the then-current calendar year. The maximum fee increase shall not be greater than 3% per year.

Appears in 1 contract

Samples: Master Services Agreement (Capitol Series Trust)

Fee Increases. After the Initial Term, Ultimus may will annually increase the fees listed above by an amount not to exceed the average annual change for the prior calendar year in the Consumer Price Index for All Urban Consumers - All Items (seasonally unadjusted) (collectively the “CPI-U”)1 plus 1.5%; provided that Ultimus gives 30-day notice of such increase to a Fund Company by March 1 of the then-current calendar year. The fee increase will take effect on April 1 of the then-current calendar year.

Appears in 1 contract

Samples: Master Services Agreement (Parnassus Funds)