Common use of INVESTMENT ADVISORY AND MANAGEMENT FEE Clause in Contracts

INVESTMENT ADVISORY AND MANAGEMENT FEE. (a) The Funds shall pay to the Advisor, and the Advisor agrees to accept, as full compensation for all services furnished or provided to such Funds pursuant to this Agreement, an annual management fee at the rate set forth in Schedule A to this Agreement. (b) The management fee shall be accrued daily by the Funds and paid to the Advisor on the 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 Advisor 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 Advisor under this Agreement will be reduced to the extent of any receivable owed by the Advisor to the Funds and as required under any expense limitation applicable to the Funds. (e) The Advisor voluntarily may reduce any portion of the compensation due to it pursuant to this Agreement Any such reduction shall be applicable only to such specific reduction and shall not constitute an agreement to reduce any future compensation due to the Advisor hereunder Any such reduction will be agreed to prior to accrual of the fee and will be estimated daily and reconciled and paid on a monthly basis.

INVESTMENT ADVISORY AND MANAGEMENT FEE. (a) The Funds Fund shall pay to the Advisor, and the Advisor agrees to accept, as full compensation for all investment management and advisory services furnished or provided to such Funds the Fund pursuant to this Agreement, an annual management fee at the rate set forth in Schedule A to this Agreement. (b) The management fee shall be accrued daily by the Funds Fund and paid to the Advisor on the 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 Advisor 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 Advisor under this Agreement will be reduced to the extent of any receivable owed by the Advisor to the Funds Fund and as required under any expense limitation applicable to the FundsFund. (e) The Advisor voluntarily may reduce any portion of the compensation or reimbursement of expenses due to it pursuant to this Agreement and may agree to make payments to limit the expenses which are the responsibility of the Fund under this Agreement. Any such reduction or payment shall be applicable only to such specific reduction or payment and shall not constitute an agreement to reduce any future compensation or reimbursement due to the Advisor hereunder or to continue future payments. Any such reduction will be agreed to prior to accrual of the related expense or fee and will be estimated daily and reconciled and paid on a monthly basis.

INVESTMENT ADVISORY AND MANAGEMENT FEE. (a) The Funds a. Each Fund shall pay to the AdvisorAdviser, and the Advisor Adviser agrees to accept, as full compensation for all services furnished or provided to such Funds Fund pursuant to this Agreement, an annual management fee at the rate set forth in Schedule A to this Agreement. (b) b. The management fee shall be accrued daily by the Funds each Fund and paid to the Advisor Adviser on the first business day of the succeeding month. (c) 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 Advisor 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) d. The fee payable to the Advisor Adviser by a Fund under this Agreement will be reduced to the extent of any receivable owed by the Advisor Adviser to the Funds Fund and as required under any expense limitation agreement applicable to the FundsFund. (e) e. The Advisor Adviser voluntarily may reduce any portion of the compensation due to it pursuant to this Agreement and may voluntarily make payments to limit the expenses that are the responsibility of a Fund under this Agreement. Any such reduction or payment shall be applicable only to such specific reduction or payment and shall not constitute an agreement to reduce any future compensation due to the Advisor Adviser hereunder or to continue future payments. Any such reduction will be agreed to prior to accrual of the related expense or fee and will be estimated daily and reconciled and paid on a monthly basis.

INVESTMENT ADVISORY AND MANAGEMENT FEE. (a) The Funds Fund shall pay to the Advisor, and the Advisor agrees to accept, as full compensation for all investment management and advisory services furnished or provided to such Funds the Fund pursuant to this Agreement, an annual management fee at the rate set forth in Schedule A to this Agreement. (b) The management fee shall be accrued daily by the Funds Fund and paid to the Advisor on the 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 belowmonth. If this Agreement is terminated prior to the end of any month, the fee to the Advisor 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 Advisor under this Agreement will be reduced to the extent of any receivable owed by the Advisor to the Funds Fund and as required under any expense limitation applicable to the FundsFund. (e) The Advisor voluntarily may reduce any portion of the compensation or reimbursement of expenses due to it pursuant to this Agreement and may agree to make payments to limit the expenses which are the responsibility of the Fund under this Agreement. Any such reduction or payment shall be applicable only to such specific reduction or payment and shall not constitute an agreement to reduce any future compensation or reimbursement due to the Advisor hereunder or to continue future payments. Any such reduction will be agreed to prior to accrual of the related expense or fee and will be estimated daily and reconciled and paid on a monthly basis.

INVESTMENT ADVISORY AND MANAGEMENT FEE. (a) The Funds Each Fund shall pay to the AdvisorAdviser, and the Advisor Adviser agrees to accept, as full compensation for all services furnished or provided to such Funds Fund pursuant to this Agreement, an annual management fee at the rate set forth in Schedule A to this Agreement. (b) The management fee shall be accrued daily by the Funds each Fund and paid to the Advisor Adviser on the 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 Advisor 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 Advisor Adviser by a Fund under this Agreement will be reduced to the extent of any receivable owed by the Advisor Adviser to the Funds Fund and as required under any expense limitation agreement applicable to the FundsFund. (e) The Advisor Adviser voluntarily may reduce any portion of the compensation due to it pursuant to this Agreement and may voluntarily make payments to limit the expenses that are the responsibility of a Fund under this Agreement. Any such reduction or payment shall be applicable only to such specific reduction or payment and shall not constitute an agreement to reduce any future compensation due to the Advisor Adviser hereunder or to continue future payments. Any such reduction will be agreed to prior to accrual of the related expense or fee and will be estimated daily and reconciled and paid on a monthly basis.

INVESTMENT ADVISORY AND MANAGEMENT FEE. (a) The Funds Fund shall pay to the AdvisorAdviser, and the Advisor Adviser agrees to accept, as full compensation for all services furnished or provided to such Funds Fund pursuant to this Agreement, an annual management fee at the rate set forth in Schedule A to this Agreement. (b) The management fee shall be accrued daily by the Funds Fund and paid to the Advisor Adviser on the 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 becomes effective or is terminated prior to the end of any month, the fee to the Advisor 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. In the event the Agreement is terminated, and such fee shall be payable within ten (10) days after the date of termination. (d) The management fee payable to the Advisor Adviser under this Agreement will be reduced to the extent of any receivable owed by the Advisor Adviser to the Funds Fund and as required under any expense limitation applicable to the FundsFund. (e) The Advisor Adviser may voluntarily may or contractually agree to waive or reduce any portion of the compensation due to it pursuant to this Agreement management fee or reimburse certain expenses of the Fund. Any such reduction or payment shall be applicable only to such specific reduction or payment and shall not constitute an agreement to reduce any future compensation or reimbursement due to the Advisor Adviser hereunder or to continue future payments. Any such reduction will be agreed to prior to accrual of the related expense or fee and will be estimated daily and reconciled and paid on a monthly basis.

INVESTMENT ADVISORY AND MANAGEMENT FEE. (a) The Funds Each Fund shall pay to the AdvisorAdviser, and the Advisor Adviser agrees to accept, as full compensation for all services furnished or provided to such Funds Fund pursuant to this Agreement, an annual management fee at the rate set forth in Schedule A to this Agreement. The Adviser shall be responsible for and shall pay the sub-advisory fee, if any, for each fund from the management fee it receives. (b) The management fee shall be accrued daily by the Funds each Fund and paid to the Advisor Adviser on the 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 Advisor 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 Advisor Adviser by a Fund under this Agreement will be reduced to the extent of any receivable owed by the Advisor Adviser to the Funds Fund and as required under any expense limitation agreement applicable to the FundsFund. (e) The Advisor Adviser voluntarily may reduce any portion of the compensation due to it pursuant to this Agreement Agreement. Any such reduction shall be applicable only to such specific reduction and shall not constitute an agreement to reduce any future compensation due to the Advisor hereunder Adviser hereunder. Any such reduction will be agreed to prior to accrual of the fee and will be estimated daily and reconciled and paid on a monthly basis.

INVESTMENT ADVISORY AND MANAGEMENT FEE. (a) The Funds Fund shall pay to the Advisor, and the Advisor agrees to accept, as full compensation for all investment management and advisory services furnished or provided to such Funds the Fund pursuant to this Agreement, an annual management fee at the rate set forth in Schedule A to this Agreement. (b) The management fee shall be accrued daily by the Funds Fund and paid to the Advisor on the first business day of the succeeding month. (c) The initial management 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 belowmonth. If this Agreement is terminated prior to the end of any month, the fee to the Advisor 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 Advisor under this Agreement will be reduced to the extent of any receivable owed by the Advisor to the Funds Fund and as required under any expense limitation applicable to the FundsFund. (e) The Advisor voluntarily may reduce any portion of the compensation or reimbursement of expenses due to it pursuant to this Agreement and may agree to make payments to limit the expenses which are the responsibility of the Fund under this Agreement. Any such reduction or payment shall be applicable only to such specific reduction or payment and shall not constitute an agreement to reduce any future compensation or reimbursement due to the Advisor hereunder or to continue future payments. Any such reduction will be agreed to prior to accrual of the related expense or fee and will be estimated daily and reconciled and paid on a monthly basis.

INVESTMENT ADVISORY AND MANAGEMENT FEE. (a) The Funds Each Fund shall pay to the AdvisorAdviser, and the Advisor Adviser agrees to accept, as full compensation for all services furnished or provided to such Funds Fund pursuant to this Agreement, an annual management fee at the rate set forth in Schedule A to this Agreement. (b) The management fee shall be accrued daily by the Funds each Fund and paid to the Advisor Adviser on the 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 becomes effective or is terminated prior to the end of any month, the fee to the Advisor 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. In the event the Agreement is terminated, and such fee shall be payable within ten (10) days after the date of termination. (d) The management fee payable to the Advisor Adviser under this Agreement will be reduced to the extent of any receivable owed by the Advisor Adviser to the Funds a Fund and as required under any expense limitation applicable to the FundsFund. (e) The Advisor Adviser may voluntarily may or contractually agree to waive or reduce any portion of the compensation due to it pursuant to this Agreement management fee or reimburse certain expenses of a Fund. Any such reduction or payment shall be applicable only to such specific reduction or payment and shall not constitute an agreement to reduce any future compensation or reimbursement due to the Advisor Adviser hereunder or to continue future payments. Any such reduction will be agreed to prior to accrual of the related expense or fee and will be estimated daily and reconciled and paid on a monthly basis.

INVESTMENT ADVISORY AND MANAGEMENT FEE. (ai) The Funds Each Fund shall pay to the AdvisorAdviser, and the Advisor Adviser agrees to accept, as full compensation for all services furnished or provided to such Funds Fund pursuant to this Agreement, an annual management fee at the rate set forth in Schedule A to this Agreement. (bii) The management fee shall be accrued daily by the Funds each Fund and paid to the Advisor Adviser on the first business day of the succeeding month. (ciii) 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 Advisor 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. (div) The fee payable to the Advisor Adviser by a Fund under this Agreement will be reduced to the extent of any receivable owed by the Advisor Adviser to the Funds Fund and as required under any expense limitation agreement applicable to the FundsFund. (ev) The Advisor Adviser voluntarily may reduce any portion of the compensation due to it pursuant to this Agreement and may voluntarily make payments to limit the expenses that are the responsibility of a Fund under this Agreement. Any such reduction or payment shall be applicable only to such specific reduction or payment and shall not constitute an agreement to reduce any future compensation due to the Advisor Adviser hereunder or to continue future payments. Any such reduction will be agreed to prior to accrual of the related expense or fee and will be estimated daily and reconciled and paid on a monthly basis.