Fees; Delegation; Expenses. (a) In consideration of the Services rendered pursuant to this Agreement, the Trust will pay the Co-Administrators a fee, computed daily and payable monthly, plus out-of-pocket expenses, each as provided in Schedule C hereto. In addition, to the extent that the Co-Administrators correct, verify or address any prior actions or inactions by any Fund or by any prior service provider, the Co-Administrators shall be entitled to additional fees as provided in Schedule C. Fees shall be earned and paid monthly in an amount equal to at least 1/12th of the applicable annual fee. Basis point fees and minimum annual fees apply separately to each Fund, and average net assets are not aggregated in calculating the applicable basis point fee per Fund or the applicable minimum. Fees shall be adjusted in accordance with Schedule C or as otherwise agreed to by the parties from time to time. The parties may amend this Agreement to include fees for any additional services requested by the Trust, enhancements to current Services, or to add Funds for which the Co-Administrators have been retained.
(b) For the purpose of determining fees payable to the Co-Administrators, net asset value shall be computed in accordance with the Funds’ Prospectuses and resolutions of the Board of Trustees. The fee for the period from the day of the month this Agreement is entered into until the end of that month shall be pro-rated according to the proportion that such period bears to the full monthly period. Upon any termination of this Agreement before the end of any month, the fee for such part of a month shall be pro-rated according to the proportion which such period bears to the full monthly period and shall be payable upon the date of termination of this Agreement. Should the Trust be liquidated, merged with or acquired by another fund or investment company, any accrued fees shall be immediately payable.
(c) The Co-Administrators will bear all expenses incurred by them in connection with the performance of their Services under Section 2, except as otherwise provided herein. The Co-Administrators shall not be required to pay or finance any costs and expenses incurred in the operation of the Funds, including, but not limited to: taxes; interest; brokerage fees and commissions; salaries, fees and expenses of officers and Trustees; Securities and Exchange Commission (the “Commission”) fees and state Blue Sky fees; advisory fees; charges of custodians, transfer agents, fund accountants, dividend d...
Fees; Delegation; Expenses. For the services provided to the Fund pursuant to this Agreement, the Adviser shall pay ALPS the fees listed in Appendix C attached hereto. ALPS will from time to time employ or associate itself with such person or persons or organizations as ALPS may believe to be desirable in the performance of its duties. Such person or persons may be officers and employees who are employed by both ALPS and the Fund. The compensation of such person or persons or organizations shall be paid by ALPS and no obligation shall be incurred on behalf of the Fund in such respect. ALPS will bear all expenses in connection with the performance of its services under this Agreement and all related agreements, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other expenses incurred shall be borne by the Fund or the Adviser, including, but not limited to, transfer agency and custodial expenses; taxes; interest; Trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees; insurance premiums; fidelity bond premiums; Fund and advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Trustees; printing and mailing shareholder reports, prospectuses, statements of additional information, supplements, and proxy materials; securities pricing; and expenses in connection with electronic filings with the Securities and Exchange Commission (the “SEC”).
Fees; Delegation; Expenses. (a) For the services rendered by the Bank hereunder, NYLIM will pay to the Bank such fees at such rate as shall be agreed upon in writing by the parties from time to time. NYLIM will also pay or reimburse the Bank from time to time for any necessary and proper disbursements, expenses and charges made or incurred by the Bank in the performance of this Agreement (including any duties listed on any Schedule hereto, if any, but excluding Bank's overhead) including any indemnities for any loss, liabilities or expense to the Bank as provided herein. The Bank will also be entitled to reimbursement by NYLIM for all reasonable expenses incurred in conjunction with termination of this Agreement and any conversion or transfer work done in connection therewith, except with respect to a termination by NYLIM due to a breach by Bank of this Agreement.
(b) Fees and expenses will be calculated monthly. Fees and expenses are owed between Bank and NYLIM. No claim, including a lien, shall be permitted against a Portfolio by Bank. NYLIM will have sixty (60) days after the receipt of an invoice to dispute any charge that appears on such invoice. After such sixty (60) day period, the invoice will be deemed to be complete and accurate and may no longer be disputed.
(c) The Bank shall not be required to pay or finance any costs and expenses incurred in the operation of a Portfolio, including, but not limited to: security pricing services; outside auditing and legal expenses; expenses in connection with the electronic transmission of documents and information; research and statistical data services; fees and expenses associated with internet, e-mail and other related activities; and extraordinary expenses.
Fees; Delegation; Expenses. In consideration of services rendered pursuant to this Agreement, the Bookkeeping and Pricing Agreement, the Transfer Agency Agreement, the Custodian Contract, and all other services described herein, each Fund will pay ALPS a fee, computed daily and payable monthly, at the following annual rate of average daily net assets of each Fund:
Fees; Delegation; Expenses. In consideration of services rendered pursuant to this Agreement, the Bookkeeping and Pricing Agreement, the Transfer Agency Agreement, and all other services described herein, each Fund will pay ALPS a fee, computed daily and payable monthly, at the following annual rate of average daily net assets of each Fund:
Fees; Delegation; Expenses. (a) In consideration of the services rendered pursuant to this Agreement, the Fund will pay the Administrator a fee, computed and payable monthly based on monthly net assets, plus out-of-pocket expenses, each as provided in Schedule B hereto. In addition, to the extent that the Administrator corrects, verifies or addresses any prior actions or inactions by the Fund or by any other service provider, the Administrator shall be entitled to additional fees as provided in Schedule B. Fees shall be adjusted in accordance with Schedule B or as otherwise agreed to by the parties from time to time. The parties may amend this Agreement to include fees for any additional services requested by the Fund, enhancements to current services, or to add funds for which the Administrator has been retained. The Fund agrees to pay the Administrator's then current rate for additional services provided, or for enhancements to existing services currently provided, after the execution of this Agreement.
(b) For the purpose of determining fees payable to the Administrator, net asset value shall be computed in accordance with the Fund's Limited Partnership Agreement, the Offering Memorandum and the resolutions of the Fund, if any. The fee for the period from the day of the month charges begin accruing under this Agreement until the end of that month shall be pro-rated according to the proportion that such period bears to the full monthly period. Upon any termination of this Agreement before the end of any month, the fee for such part of a month shall be pro-rated according to the proportion which such period bears to the full monthly period and shall be payable upon the date of termination of this
Fees; Delegation; Expenses. (a) In consideration of the services rendered pursuant to this Agreement, the Trust will pay the Administrator a fee, computed daily and payable monthly, plus out-of-pocket expenses, each as provided in Schedule C hereto. Fees shall be paid by each Fund at a rate that would aggregate at least the applicable minimum fee for each Fund.
(b) For the purpose of determining fees payable to the Administrator, net asset value shall be computed in accordance with the Trust's current Prospectuses, Statements of Additional Information, the Trust's Declaration of Trust, as amended, and the resolutions of the Trust's Board of Trustees. The fee for the period from the day of the month this Agreement is entered into until the end of that month shall be pro-rated according to the proportion that such period bears to the full monthly period. Upon
Fees; Delegation; Expenses. (a) In consideration of the services rendered pursuant to this Agreement, the Adviser will pay Sunstone a fee, computed daily and payable monthly, as provided in Schedule A hereto, plus out-of-pocket expenses. Out-of-pocket expenses include, but are not limited to, travel, lodging and meals in connection with travel on behalf of the Adviser or the Trust, programming and related expenses (previously incurred or to be incurred by Sunstone) in connection with providing electronic transmission of data between Sunstone and the Fund's other service providers, brokers, dealers and depositories, fees and expenses of pricing services, and photocopying, postage and overnight delivery expenses.
(b) For the purpose of determining fees payable to Sunstone, net asset value shall be computed in accordance with the Trust's Prospectuses and resolutions of the Trust's Board of Trustees. The fee for the period from the day of the month this Agreement is entered into until the end of that month shall be pro-rated according to the proportion which such period bears to the full monthly period. Upon any termination of this Agreement before the end of any month, the fee for such part of a month shall be pro-rated according to the proportion which such period bears to the full monthly period and shall be payable upon the date of termination of this Agreement. Should the Trust be liquidated, merged with or acquired by another fund or investment company, any accrued fees shall be immediately payable.
Fees; Delegation; Expenses. In consideration of services rendered pursuant to this Agreement, the Transfer Agency Agreement, and all other services described herein, the Fund will pay ALPS a fee, computed daily and payable monthly in arrears, at the annual rate of .10% of the average daily net assets of the Fund up to $250,000,000 and 0.075% of the average daily net assets of the Fund in excess of $250,000,000. At all times ALPS' fee will be no less than $5,000 per month in the first year, and $6,250 per month in years two and three. Net asset value shall be computed in accordance with the Fund's Prospectus and Statement of Additional Information and resolutions of the Fund's Board of Directors. The fee for any portion of a month shall be pro-rated according to the proportion which such portion bears to the full monthly period.
Fees; Delegation; Expenses. In consideration of services rendered pursuant to this Agreement, the Bookkeeping and Pricing Agreement, the Transfer Agency Agreement and all other services described herein, each Portfolio will pay ALPS a fee, computed daily and payable monthly, at the annual rate of .20% of average daily net assets of each Portfolio. The fee for the period from the day of the month of this Agreement is entered into until the end of that month shall be pro-rated according to the proportion which such period bears to the full monthly period and shall be payable upon the date of termination of this Agreement. ALPS will from time to time employ or associate itself with such person or persons or organizations as ALPS may believe to be desirable in the performance of its duties. Such person or persons may be officers and employees who are employed by both ALPS and the Trust. The compensation of such person or persons or organizations shall be paid by ALPS and no obligation shall be incurred on behalf of a Portfolio in such respect. ALPS will bear all expenses in connection with the performance of its services under this Agreement and all related agreements, except as otherwise provided herein. Other expenses to be incurred in the operation of the Portfolios, including organizational expenses, taxes, interest, brokerage fees and commissions, state Blue Sky qualification fees, advisory fees, custody fees, audit and tax fees, insurance premiums, fidelity bond, Trust and Advisory related legal expenses, and costs of maintenance of corporate existence shall be borne by the Trust.
