Fee Waiver by the Adviser. The Adviser agrees to reduce its fee so that the fee will be: (i) 1.0% on an annualized basis of the average daily net assets of the Fund on net assets below $1.5 billion; (ii) 0.9% on an annualized basis of the average daily net assets of the Fund on net assets between $1.5 billion and $2.0 billion; (iii) 0.8% on an annualized basis of the average daily net assets of the Fund on net assets between $2.0 billion and $5.0 billion and (iv) 0.75% on an annualized basis of the average daily net assets of the Fund on net assets over $5.0 billion. The Adviser’s fee shall be calculated and paid in accordance with the terms and conditions of the Contract.
Appears in 5 contracts
Samples: Fee Waiver Agreement (Merger Fund), Fee Waiver Agreement (Merger Fund), Fee Waiver Agreement (Merger Fund)
Fee Waiver by the Adviser. The Adviser agrees to reduce its fee so that the fee will be: (i) 1.01.00% on an annualized basis of the average daily net assets of the Fund on net assets below up to $1.5 2 billion; and (ii) 0.90.93% on an annualized basis of the average daily net assets of the Fund on net assets between above $1.5 billion and $2.0 billion; (iii) 0.8% on an annualized basis of the average daily net assets of the Fund on net assets between $2.0 billion and $5.0 billion and (iv) 0.75% on an annualized basis of the average daily net assets of the Fund on net assets over $5.0 billion. The Adviser’s fee shall be calculated and paid in accordance with the terms and conditions of the Contract.2.0
Appears in 2 contracts
Samples: Fee Waiver Agreement (Merger Fund), Fee Waiver Agreement (Merger Fund)
Fee Waiver by the Adviser. The Adviser agrees to reduce its fee so that the fee will be: (i) 1.0% on an annualized basis of the average daily net assets of the Fund on net assets below $1.5 billion; (ii) 0.9% on an annualized basis of the average daily net assets of the Fund on net assets between $1.5 billion and $2.0 billion; and (iii) 0.8% on an annualized basis of the average daily net assets of the Fund on net assets between $2.0 billion and $5.0 billion and (iv) 0.75% on an annualized basis of the average daily net assets of the Fund on net assets over $5.0 billion. The Adviser’s fee shall be calculated and paid in accordance with the terms and conditions of the Contract.2.0
Appears in 1 contract
Samples: Fee Waiver Agreement (Merger Fund)
