Management and Incentive Fees. 5.1 During the term of this Agreement, MACC will pay InvestAmerica monthly in arrears a management fee equal to the lesser of 1.5% per annum of the (i) Combined Capital, or (ii) Assets Under Management.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Macc Private Equities Inc), Interim Investment Advisory Agreement (Macc Private Equities Inc)
Management and Incentive Fees. 5.1 During the term of this Agreement, MACC will pay InvestAmerica monthly in arrears a management fee equal to the lesser of 1.52.5% per annum of the (i) Combined CapitalCapital Under Management, or (ii) but in no event more than 2.5% per annum. of the Assets Under Management.
Appears in 1 contract
Samples: Investment Advisory Agreement (Macc Private Equities Inc)
Management and Incentive Fees. 5.1 During the term of this Agreement, MACC will pay InvestAmerica monthly in arrears a management fee equal to the lesser of 1.52.5% per annum of the Capital Under Management, but in no event more than either: (i) Combined Capital2.5% per annum. of the Assets Under Management, or (ii) Assets Under Management7.5% of Regulatory Capital.
Appears in 1 contract
Samples: Investment Advisory Agreement (Macc Private Equities Inc)
