Common use of INVESTMENT ADVISORY AND MANAGEMENT FEE Clause in Contracts

INVESTMENT ADVISORY AND MANAGEMENT FEE. In consideration of the Manager performing its obligations hereunder, the Fund will pay to the Manager a monthly management fee computed at the annual rate set forth on Schedule A hereto. The management fee shall be accrued daily by the Fund and paid to the Manager on the fifth business day of the succeeding month. If this Agreement is terminated prior to the end of any month, the fee to the Manager shall be prorated for the portion of any month in which this Agreement is in effect which is not a complete month according to the proportion which the number of calendar days in the month during which the Agreement is in effect bears to the number of calendar days in the month, and shall be payable within ten (10) days after the date of termination. The fee payable to the Manager under this Agreement will be reduced to the extent of any receivable owed by the Manager to the Fund and as required under any expense limitation applicable to the Fund. To the extent that the Manager defers advisory fees or absorbs operating expenses of the Fund, the Manager may seek payment of such deferred fees or reimbursement of such absorbed expenses in accordance with the terms of a separate agreement between the parties. Such payment may occur in fiscal or calendar years subsequent to the fiscal or calendar year in which the fee or expense was deferred or absorbed. The waiver or assumption and reimbursement by the Manager of any expense of the Fund that the Manager is not required by this Agreement to waive, or assume or reimburse, shall not obligate the Manager to waive, assume, or reimburse the same or any similar expense of the Fund on any subsequent occasion, unless so required pursuant to a separate agreement between the Fund and the Manager.

INVESTMENT ADVISORY AND MANAGEMENT FEE. In consideration of the Manager performing its obligations hereunder, the Fund will (a) The Company shall pay to the Manager a monthly Adviser, and the Adviser agrees to accept, as full compensation for all investment management and advisory services furnished or provided to the Company pursuant to this Agreement, an annual management fee computed at the annual rate set forth on in Schedule A hereto. to this Agreement. (b) The management fee shall be accrued daily by the Fund Company and paid to the Manager on Adviser by the fifth business day of the succeeding month. (c) The initial fee under this Agreement shall be payable on the first business day of the first month following the effective date of this Agreement and shall be prorated as set forth below. If this Agreement is terminated prior to the end of any month, the fee to the Manager Adviser shall be prorated for the portion of any month in which this Agreement is in effect which is not a complete month according to the proportion which the number of calendar days in the month during which the Agreement is in effect bears to the number of calendar days in the month, and shall be payable within ten (10) days after the date of termination. . (d) The fee payable to the Manager Adviser under this Agreement will be reduced to the extent of any receivable owed by the Manager Adviser to the Fund Company and as required under any expense limitation applicable to the Fund. Company. (e) To the extent that the Manager Adviser defers advisory fees or absorbs operating expenses of the FundCompany, the Manager Adviser may seek payment of such deferred fees or reimbursement of such absorbed expenses in accordance with the terms of a separate agreement between the parties. Such payment may occur in fiscal or calendar years subsequent to the fiscal or calendar year in which the fee or expense was deferred or absorbed. The waiver or assumption and reimbursement by the Manager Adviser of any expense of the Fund Company that the Manager Adviser is not required by this Agreement to waive, or assume or reimburse, shall not obligate the Manager Adviser to waive, assume, or reimburse the same or any similar expense of the Fund Company on any subsequent occasion, unless so required pursuant to a separate agreement between the Fund Company and the ManagerAdviser.

INVESTMENT ADVISORY AND MANAGEMENT FEE. (a) In consideration of the Manager Adviser performing its obligations hereunder, the Fund will pay to the Manager Adviser a monthly management fee computed at the annual rate set forth on Schedule A hereto. . (b) The management fee shall be accrued daily by the Fund and paid to the Manager Adviser on the fifth business day of the succeeding month. . (c) If this Agreement is terminated prior to the end of any month, the fee to the Manager Adviser shall be prorated for the portion of any month in which this Agreement is in effect which is not a complete month according to the proportion which the number of calendar days in the month during which the Agreement is in effect bears to the number of calendar days in the month, and shall be payable within ten (10) days after the date of termination. . (d) The fee payable to the Manager Adviser under this Agreement will be reduced to the extent of any receivable owed by the Manager Adviser to the Fund and as required under any expense limitation applicable to the Fund. . (e) To the extent that the Manager Adviser defers advisory fees or absorbs operating expenses of the Fund, the Manager Adviser may seek payment of such deferred fees or reimbursement of such absorbed expenses in accordance with the terms of a separate agreement between the parties. Such payment may occur in fiscal or calendar years subsequent to the fiscal or calendar year in which the fee or expense was deferred or absorbed. The waiver or assumption and reimbursement by the Manager Adviser of any expense of the Fund that the Manager Adviser is not required by this Agreement to waive, or assume or reimburse, shall not obligate the Manager Adviser to waive, assume, or reimburse the same or any similar expense of the Fund on any subsequent occasion, unless so required pursuant to a separate agreement between the Fund and the ManagerAdviser.

INVESTMENT ADVISORY AND MANAGEMENT FEE. In consideration of the Manager performing its obligations hereunder, the (a) The Fund will shall pay to the Manager a monthly Adviser, and the Adviser agrees to accept, as full compensation for all investment management and advisory services furnished or provided to the Fund pursuant to this Agreement, an annual management fee computed at the annual rate set forth on in Schedule A hereto. to this Agreement. (b) The management fee shall be accrued daily by the Fund and paid to the Manager Adviser on the fifth business day of the succeeding month. (c) The initial fee under this Agreement shall be payable on the first business day of the first month following the effective date of this Agreement and shall be prorated as set forth below. If this Agreement is terminated prior to the end of any month, the fee to the Manager Adviser shall be prorated for the portion of any month in which this Agreement is in effect which is not a complete month according to the proportion which the number of calendar days in the month during which the Agreement is in effect bears to the number of calendar days in the month, and shall be payable within ten (10) days after the date of termination. . (d) The fee payable to the Manager Adviser under this Agreement will be reduced to the extent of any receivable owed by the Manager Adviser to the Fund and as required under any expense limitation applicable to the Fund. . (e) To the extent that the Manager Adviser defers advisory fees or absorbs operating expenses of the Fund, the Manager Adviser may seek payment of such deferred fees or reimbursement of such absorbed expenses in accordance with the terms of a separate agreement between the parties. Such payment may occur in fiscal or calendar years subsequent to the fiscal or calendar year in which the fee or expense was deferred or absorbed. The waiver or assumption and reimbursement by the Manager Adviser of any expense of the Fund that the Manager Adviser is not required by this Agreement to waive, or assume or reimburse, shall not obligate the Manager Adviser to waive, assume, or reimburse the same or any similar expense of the Fund on any subsequent occasion, unless so required pursuant to a separate agreement between the Fund and the ManagerAdviser.

INVESTMENT ADVISORY AND MANAGEMENT FEE. In consideration of the Manager performing its obligations hereunder, the Fund will (a) The Company shall pay to the Manager a monthly Adviser, and the Adviser agrees to accept, as full compensation for all investment management and advisory services furnished or provided to the Company pursuant to this Agreement, an annual management fee computed at the annual rate set forth on in Schedule A hereto. to this Agreement. (b) The management fee shall be accrued daily by the Fund Company and paid to the Manager Adviser on the fifth first business day of the succeeding month. (c) The initial fee under this Agreement shall be payable on the first business day of the first month following the effective date of this Agreement and shall be prorated as set forth below. If this Agreement is terminated prior to the end of any month, the fee to the Manager Adviser shall be prorated for the portion of any month in which this Agreement is in effect which is not a complete month according to the proportion which the number of calendar days in the month during which the Agreement is in effect bears to the number of calendar days in the month, and shall be payable within ten (10) days after the date of termination. . (d) The fee payable to the Manager Adviser under this Agreement will be reduced to the extent of any receivable owed by the Manager Adviser to the Fund Company and as required under any expense limitation applicable to the Fund. Company. (e) To the extent that the Manager Adviser defers advisory fees or absorbs operating expenses of the FundCompany, the Manager Adviser may seek payment of such deferred fees or reimbursement of such absorbed expenses in accordance with the terms of a separate agreement between the parties. Such payment may occur in fiscal or calendar years subsequent to the fiscal or calendar year in which the fee or expense was deferred or absorbed. The waiver or assumption and reimbursement by the Manager Adviser of any expense of the Fund Company that the Manager Adviser is not required by this Agreement to waive, or assume or reimburse, shall not obligate the Manager Adviser to waive, assume, or reimburse the same or any similar expense of the Fund Company on any subsequent occasion, unless so required pursuant to a separate agreement between the Fund Company and the ManagerAdviser.

INVESTMENT ADVISORY AND MANAGEMENT FEE. In consideration of the Manager performing its obligations hereunder, the (a) The Fund will shall pay to the Manager, and the Manager a monthly agrees to accept, as full compensation for all investment management and advisory services furnished or provided to the Fund pursuant to this Agreement, an annual management fee computed at the annual rate set forth on in Schedule A hereto. to this Agreement. (b) The management fee shall be accrued daily by the Fund and paid to the Manager on the fifth business day of the succeeding month. (c) The initial fee under this Agreement shall be payable on the first business day of the first month following the effective date of this Agreement and shall be prorated as set forth below. If this Agreement is terminated prior to the end of any month, the fee to the Manager shall be prorated for the portion of any month in which this Agreement is in effect which is not a complete month according to the proportion which the number of calendar days in the month during which the Agreement is in effect bears to the number of calendar days in the month, and shall be payable within ten (10) days after the date of termination. . (d) The fee payable to the Manager under this Agreement will be reduced to the extent of any receivable owed by the Manager to the Fund and as required under any expense limitation applicable to the Fund. . (e) To the extent that the Manager defers advisory fees or absorbs operating expenses of the Fund, the Manager may seek payment of such deferred fees or reimbursement of such absorbed expenses in accordance with the terms of a separate agreement between the parties. Such payment may occur in fiscal or calendar years subsequent to the fiscal or calendar year in which the fee or expense was deferred or absorbed. The waiver or assumption and reimbursement by the Manager of any expense of the Fund that the Manager is not required by this Agreement to waive, or assume or reimburse, shall not obligate the Manager to waive, assume, or reimburse the same or any similar expense of the Fund on any subsequent occasion, unless so required pursuant to a separate agreement between the Fund and the Manager.

INVESTMENT ADVISORY AND MANAGEMENT FEE. In consideration of the Manager performing its obligations hereunder, the (a) The Fund will shall pay to the Manager a monthly Adviser, and the Adviser agrees to accept, as full compensation for all investment management and advisory services furnished or provided to the Fund pursuant to this Agreement, an annual management fee computed at the annual rate set forth on in Schedule A hereto. to this Agreement. (b) The management fee shall be accrued daily by the Fund and paid to the Manager Adviser on the fifth first business day of the succeeding month. (c) The initial fee under this Agreement shall be payable on the first business day of the first month following the effective date of this Agreement and shall be prorated as set forth below. If this Agreement is terminated prior to the end of any month, the fee to the Manager Adviser shall be prorated for the portion of any month in which this Agreement is in effect which is not a complete month according to the proportion which the number of calendar days in the month during which the Agreement is in effect bears to the number of calendar days in the month, and shall be payable within ten (10) days after the date of termination. . (d) The fee payable to the Manager Adviser under this Agreement will be reduced to the extent of any receivable owed by the Manager Adviser to the Fund and as required under any expense limitation applicable to the Fund. . (e) To the extent that the Manager Adviser defers advisory fees or absorbs operating expenses of the Fund, the Manager Adviser may seek payment of such deferred fees or reimbursement of such absorbed expenses in accordance with the terms of a separate agreement between the parties. Such payment may occur in fiscal or calendar years subsequent to the fiscal or calendar year in which the fee or expense was deferred or absorbed. The waiver or assumption and reimbursement by the Manager Adviser of any expense of the Fund that the Manager Adviser is not required by this Agreement to waive, or assume or reimburse, shall not obligate the Manager Adviser to waive, assume, or reimburse the same or any similar expense of the Fund on any subsequent occasion, unless so required pursuant to a separate agreement between the Fund and the ManagerAdviser.

INVESTMENT ADVISORY AND MANAGEMENT FEE. In consideration of the Manager performing its obligations hereunder, the Fund will pay to the Manager a monthly management fee computed at the annual rate set forth on Schedule A hereto. The management fee shall be accrued daily by the Fund and paid to the Manager on the fifth first business day of the succeeding month. If this Agreement is terminated prior to the end of any month, the fee to the Manager shall be prorated for the portion of any month in which this Agreement is in effect which is not a complete month according to the proportion which the number of calendar days in the month during which the Agreement is in effect bears to the number of calendar days in the month, and shall be payable within ten (10) days after the date of termination. The fee payable to the Manager under this Agreement will be reduced to the extent of any receivable owed by the Manager to the Fund and as required under any expense limitation applicable to the Fund. To the extent that the Manager defers advisory fees or absorbs operating expenses of the Fund, the Manager may seek payment of such deferred fees or reimbursement of such absorbed expenses in accordance with the terms of a separate agreement between the parties. Such payment may occur in fiscal or calendar years subsequent to the fiscal or calendar year in which the fee or expense was deferred or absorbed. The waiver or assumption and reimbursement by the Manager of any expense of the Fund that the Manager is not required by this Agreement to waive, or assume or reimburse, shall not obligate the Manager to waive, assume, or reimburse the same or any similar expense of the Fund on any subsequent occasion, unless so required pursuant to a separate agreement between the Fund and the Manager.

INVESTMENT ADVISORY AND MANAGEMENT FEE. In consideration of the Manager Adviser performing its obligations hereunder, the Fund will pay to the Manager Adviser a monthly management fee computed at the annual rate set forth on Schedule Exhibit A hereto. The management fee shall be accrued daily by the Fund and paid to the Manager Adviser on the fifth first business day of the succeeding month. If this Agreement is terminated prior to the end of any month, the fee to the Manager Adviser shall be prorated for the portion of any month in which this Agreement is in effect which is not a complete month according to the proportion which the number of calendar days in the month during which the Agreement is in effect bears to the number of calendar days in the month, and shall be payable within ten (10) days after the date of termination. The fee payable to the Manager Adviser under this Agreement will be reduced to the extent of any receivable owed by the Manager Adviser to the Fund and as required under any expense limitation applicable to the Fund. To the extent that the Manager Adviser defers advisory fees or absorbs operating expenses of the Fund, the Manager Adviser may seek payment of such deferred fees or reimbursement of such absorbed expenses in accordance with the terms of a separate agreement between the parties. Such payment may occur in fiscal or calendar years subsequent to the fiscal or calendar year in which the fee or expense was deferred or absorbed. The waiver or assumption and reimbursement by the Manager Adviser of any expense of the Fund that the Manager Adviser is not required by this Agreement to waive, or assume or reimburse, shall not obligate the Manager Adviser to waive, assume, or reimburse the same or any similar expense of the Fund on any subsequent occasion, unless so required pursuant to a separate agreement between the Fund and the ManagerAdviser.