Common use of Investment Fee Clause in Contracts

Investment Fee. The Fund shall pay the Manager out of Capital Contributions a one-time investment fee in an amount equal to 4.5% of the total Capital Contributions, without considering any discounts or waivers of fees (the “Investment Fee”). The Investment Fee is intended to pay for the Manager’s services associated with locating, investigating, evaluating, and negotiating investment opportunities and effecting related transactions. The fee shall be payable on the Effective Date as to the Shares purchased through that date and on each date thereafter on which the Fund receives and collects full payment for additional accepted subscriptions for Shares.

Investment Fee. The Fund shall pay the Manager out of Capital Contributions a one-time investment fee in an amount equal to 4.5% of the total Capital Contributions, without considering any discounts or waivers of fees (the “Investment Fee”). The Investment Fee investment fee is intended to pay for the Manager’s services associated with locating, investigating, evaluating, and negotiating investment opportunities and effecting related transactions. The fee shall be payable on the Effective Date as to the Shares purchased through that date and on each date thereafter on which the Fund receives and collects full payment for additional accepted subscriptions for Shares.