Management and Fees. (a) PGP shall provide property and entity level management and services for the Delaware Limited Partnership in accordance with the management agreement, the form of which is attached hereto as Exhibit M. The management agreement shall be substantially in the form attached hereto as Exhibit M, with such additions thereto and changes therein as are approved by the parties executing the same, with such approval to be conclusively evidenced by the execution and delivery of the management agreement.
(b) In exercising its management duties, PGP shall not retain the existing employees and management agents of the California General Partnership for the Property. Unless PGP-MVT or PGP provides the Existing Partners with written notice to the contrary, the California General Partnership shall (i) cause all employment and management agreements respecting the Property to be terminated effective as of the date of the Closing (but not before), and deliver evidence of such termination to PGP-MVT, and (ii) remove all employees and management personnel from the Property on the date of the Closing (but not before).
Management and Fees. Brookfield Public Securities Group LLC serves as the Fund’s Investment Adviser and is compensated for its services and its related expenses at an annual rate of 1.00% of the Fund’s average daily net assets plus the amount of borrowing for investment purposes (“Managed Assets”). The Investment Adviser provides the Fund with a continuous investment program for the Fund’s portfolio. The Investment Adviser provides administrative services reasonably necessary for the Fund’s operations, other than those services that the Investment Adviser provides to the Fund pursuant to the Investment Advisory Agreement (as defined below). As compensation for its administrative services and the related expenses the Investment Adviser bears pursuant to the Administration Agreement (as defined below), the Investment Adviser is contractually entitled to an administrative fee (an “administrative fee”), computed daily and payable monthly, at an annual rate of 0.15% of the Fund’s Managed Assets. The Investment Adviser currently utilizes and pays the fees of a third-party sub-administrator out of its administrative fee.
Management and Fees. Brookfield Public Securities Group LLC serves as the Fund’s Investment Adviser and is compensated for its services and its related expenses at an annual rate of 1.00% of the Fund’s average daily net assets plus the amount of borrowing for investment purposes (“Managed Assets”). The Investment Adviser provides the Fund with a continuous investment program for the Fund’s portfolio. The Investment Adviser provides administrative services reasonably necessary for the Fund’s operations, other than those services that the Investment Adviser provides to the Fund pursuant to the Investment Advisory Agreement (as defined below). As compensation for its administrative services and the related expenses the Investment Adviser bears pursuant to the Administration Agreement (as defined below), the Investment Adviser is contractually entitled to an administrative fee (an “administrative fee”), computed daily and payable monthly, at an annual rate of 0.15% of the Fund’s Managed Assets. The Investment Adviser currently utilizes and pays the fees of a third-party sub-administrator out of its administrative fee. The Fund’s Board of Directors has authorized the Fund to repurchase its common shares in the open market when the common shares are trading at a discount. Although the Board of Directors has authorized such repurchases, the Fund is not required to repurchase its common shares. Such repurchases may be subject to certain notices and any applicable requirements under the 1940 Act. U.S. Bank National Association, located at 0000 Xxxxx Xxxxx Xxxxxx Xxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxxxx 00000, serves as the custodian (the "Custodian") of the Fund's assets pursuant to a custody agreement. Under the custody agreement, the Custodian holds the Fund's assets in compliance with the 1940 Act. For its services, the Custodian will receive a monthly fee paid by the Fund based upon, among other things, the average daily market value of the Fund's portfolio assets, plus certain charges for securities transactions and out-of-pocket expenses. U.S. Bancorp Fund Services, LLC (d/b/a U.S. Bank Global Fund Services), located at 0000 Xxxxx Xxxx Xxxxxx Road, Suite 3000, Mesa, Arizona 85210, serves as the Fund's sub-administrator and is compensated for its services by the Adviser, as administrator to the Fund. U.S. Bancorp Fund Services, LLC (d/b/a U.S. Bank Global Fund Services), located at 000 Xxxx Xxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxx 00000, serves as the fund accountant for the Fund. Amer...
Management and Fees. (i) Management Fees are assessed for the Services provided by virtue of the System’s Nameplate Capacity (AC rating), according to the following “Adjustable Block Program Fee Schedule”:
Management and Fees. The Foundation may commingle the assets of the Fund with the assets of any other Fund or Funds that the Foundation holds and administers, provided that the separate identity of the Fund and the distributions therefrom are at all times properly accounted for and maintained. Fees are charged by the Foundation to help build BHACF as a community resource, allow staff to provide personalized service, including assistance, education, and connecting donors with strategic funding opportunities and to provide technical assistance to nonprofit organization and cover costs associated with accounting, reporting, and auditing. Fees are charged in accordance with the current policy at the Foundation.
