Investor Servicing Fee. Subject to any special circumstances or limitations described in or otherwise provided in a Memorandum or this Section 4:
(i) each Trust will pay to the Dealer Manager a fee (the “DST Investor Servicing Fee”) equal to 0.25% per annum of the total equity investment in the DST Interests sold, determined separately with respect to each Trust as described in the Memorandum. The DST Investor Servicing Fee will be payable monthly in arrears and may be reallowed (paid) in whole or in part to Participating Distribution Agents who sold the DST Interests giving rise to such DST Investor Servicing Fee, as described more fully in the Participating Distribution Agreement entered into with each such Participating Distribution Agent, and which Participating Distribution Agreement will provide the amount of the DST Investor Servicing Fee, if any, which will be reallowed to the applicable Participating Distribution Agent. Each Trust will cease paying the DST Investor Servicing Fee with respect any DST Interests as of the effective date of any FMV Option exercised by the Operating Partnership with respect to such DST Interests; and
(ii) the Operating Partnership will pay to the Dealer Manager, solely with respect to OP Units issued in connection with the FMV Option in exchange for DST Interests and only until the Fee Limit (if any and as defined below) has been reached, a fee (the “OP Unit Investor Servicing Fee” and, collectively with the DST Investor Servicing Fee, the “Investor Servicing Fee”) comprised of (a) for applicable Class S-1 OP Units, an investor servicing fee equal to 0.85% per annum of the aggregate net asset value (“NAV”) for the Class S-1 OP Units and (b) for applicable Class D-1 OP Units, an investor servicing fee equal to 0.25% per annum of the aggregate NAV for the Class D-1 OP Units. The OP Unit Investor Servicing Fee will be payable monthly in arrears and may be reallowed (paid) in whole or in part to Participating Distribution Agents who sold the DST Interests for which the OP Units giving rise to such OP Unit Investor Servicing Fee were exchanged in connection with the FMV Option, as described more fully in the Participating Distribution Agreement entered into with each such Participating Distribution Agent, and which Participating Distribution Agreement will provide the amount of the OP Unit Investor Servicing Fee, if any, which will be reallowed to the applicable Participating Distribution Agent. No OP Unit Investor Servicing Fee will be paid for C...
Investor Servicing Fee. On each Determination Date, with respect to any Monthly Period, the Servicer shall calculate the Investor Servicing Fee for the preceding Monthly Period. With respect to each Monthly Period, the Investor Servicing Fee plus any Unpaid Investor Servicing Fee shall be paid to the Servicer on behalf of the holder of the Series 2004-CC Certificate at the time specified and to the extent of funds available pursuant to the Transfer and Servicing Agreement.
Investor Servicing Fee. (a) In recognition of Man's Investor Services and the payments Man will make to the Service Providers that provide Investor Services, the Fund will make payments to Man for Investor Services promptly following the end of each calendar quarter. The Fund will pay Man a quarterly fee computed at the annual rate of 0.50% of the aggregate value of the Fund's outstanding Units, determined as of the last day of each calendar month and paid quarterly (before repurchases of Units) held by Members that receive Investor Services from Man or a Service Provider (the "Investor Servicing Fee").
(b) Man may pay amounts pursuant to this Section 2 to any "affiliated person" (as that term is defined in the Investment Company Act of 1940, as amended (the "Investment Company Act")) of Man if such affiliated person is a Service Provider.
Investor Servicing Fee. (a) In recognition of the payments the Agent will make to the Investor Service Providers that provide the Investor Services outlined in Section 1, the Fund will make payments to the Agent within 10 days of the end of each calendar month to reimburse the Agent for all or a portion of such payments made to each such Investor Service Provider, at an annualized rate of up to 0.55% of the aggregate value of outstanding Interests in the Fund held by all Investors (the "Investor Servicing Fee") as determined by the Fund on the last day of each calendar month.
(b) the Agent may pay amounts pursuant to this Section 2 to any "affiliated person" (as that term is defined in the Investment Company Act of 1940, as amended (the "1940 Act")) of the Agent if such affiliated person is an Investor Service Provider.
Investor Servicing Fee. (a) In recognition of Man's Investor Services and the payments Man will make to the Service Providers that provide Investor Services to Class A Members, the Fund will make payments to Man for such Investor Services promptly following the end of each calendar quarter. The Fund will pay Man a quarterly fee computed at the annual rate of 0.50% of the aggregate value of the Fund's outstanding Class A Units, determined as of the last day of each calendar month and paid quarterly (before repurchases of Class A Units) held by Class A Members that receive Investor Services from Man or a Service Provider (the "Investor Servicing Fee").
(b) Man may pay amounts pursuant to this Section 2 to any "affiliated person" (as that term is defined in the Investment Company Act of 1940, as amended (the "Investment Company Act")) of Man if such affiliated person is a Service Provider.
Investor Servicing Fee. (a) In consideration for the Investor Servicing Agent providing (or engaging other parties to provide) the Investor Services, the Fund will pay the Investor Servicing Agent a monthly investor servicing fee ("Investor Servicing Fee") equal to 1/12 of 0.50% (0.50% on an annualized basis) of the Fund's net assets as of each month-end.
(b) The Investor Servicing Agent may pay amounts that it receives pursuant to this Section 3 to any person, including any "affiliated person" (as such term is defined in the Investment Company Act) of the Investor Servicing Agent, if such person provides Investor Services.
Investor Servicing Fee. The Fund will make no payments to Man in connection with its Investor Services provided to Class I Members.
Investor Servicing Fee. (a) In recognition of the payments BISYS will make to the Investor Service Providers in respect of their provision of Investor Services to Members, the Fund will pay BISYS within ten (10) days of the end of each calendar quarter a fee equal to 0.50% (on an annualized basis) of the aggregate value of outstanding Interests determined as of the last day of the quarter (before any repurchases of Interests) (the "Investor Servicing Fee").
(b) BISYS may pay amounts pursuant to this Section 2 to any affiliate of BISYS, or to the investment adviser of the Fund (or any affiliate of the investment adviser), if such person is an Investor Service Provider.
Investor Servicing Fee. (i) Prior to the Operating Partnership’s exercise of the FMV Option with respect to any given Units, each Trust will pay to the Dealer Manager a fee that is calculated daily on a continuous basis from year to year (“Investor Servicing Fee”), equal to 1/365th of 0.25% per annum of the net asset value (“NAV”) of the Units of such Trust for such day, determined separately with respect to each Trust as described in the Memorandum.
(ii) Following the Operating Partnership’s exercise of the FMV Option with respect to any given Units, with respect to all such Units that convert to and are classified as Class A OP Units (defined below), the Operating Partnership will pay to the Dealer Manager an Investor Servicing Fee that is calculated daily on a continuous basis from year to year, equal to 1/365th of 0.85% per annum of the net asset value (“NAV”) of such Units. No Investor Servicing Fee will be payable with respect to any Units that convert to or are classified as Class M-I OP Units (defined below). “Class A OP Units” means limited partnership interests in the Operating Partnership that are classified and defined, in the limited partnership agreement of the Operating Partnership (“OP Agreement”), as “Class A Units.” “Class M-I OP Units” means limited partnership interests in the Operating Partnership that are classified and defined, in the OP Agreement, as “Class M-I Units.”
Investor Servicing Fee. The share of the Monthly Servicing Fee allocable to Series 2005-1 for any Transfer Date (the "Investor Servicing Fee") shall be equal to one-twelfth of the product of (a) the Series Servicing Fee Percentage and (b) the Investor Interest as of the last day of the Monthly Period preceding such Transfer Date; provided, however, that with respect to the first Transfer Date, the Investor Servicing Fee shall be equal to $1,250,000; provided, further, that if FNBO or Trustee is Servicer, the Investor Servicing Fee shall be reduced by the amount, if any, by which the Servicer Interchange for such Monthly Period exceeds the amount of Interchange included as Collections of Finance Charge Receivables allocable to the Series 2005-1 Certificates with respect to such Monthly Period pursuant to Section 4.17. The remainder of the Monthly Servicing Fee shall be paid by the Holders of the Transferor Interest or the investors in other Series or Note Series (as provided in the related Supplement or Indenture Supplements) and in no event shall Trustee or the Series 2005-1 Certificateholders be liable for the share of the Monthly Servicing Fee to be paid by such other Persons.
