Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 29 contracts
Samples: Investment Management Agreement (Kemper State Tax Free Income Series), Investment Management Agreement (Kemper Portfolios), Investment Management Agreement (Kemper Portfolios)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .58 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .55 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .53 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .51 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .46 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .44 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .42 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 28 contracts
Samples: Investment Management Agreement (Kemper Total Return Fund), Investment Management Agreement (Kemper Growth Fund), Investment Management Agreement (Kemper Total Return Fund)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .58 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .55 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .53 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .51 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .46 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .44 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .42 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 21 contracts
Samples: Investment Management Agreement (Kemper Horizon Fund), Investment Management Agreement (Kemper Horizon Fund), Investment Management Agreement (Kemper Horizon Fund)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 14 contracts
Samples: Investment Management Agreement (Kemper International Fund), Investment Management Agreement (Kemper Europe Fund), Investment Management Agreement (Kemper Europe Fund)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 13 contracts
Samples: Investment Management Agreement (Kemper Adjustable Rate U S Government Fund), Investment Management Agreement (Kemper Income & Capital Preservation Fund Inc), Investment Management Agreement (Kemper Income & Capital Preservation Fund Inc)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust Corporation on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 a)1/12 of .55 .75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 11 contracts
Samples: Investment Management Agreement (Kemper Value Fund Inc), Investment Management Agreement (Kemper Value Series Inc), Investment Management Agreement (Kemper Value Series Inc)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund Funds shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .22 of 1 percent of the combined average daily net assets as defined below of the Fund Funds for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500,000,000 shall be 1/12 of .52 .20 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 .175 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0002 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2 billion shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .16 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$3 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 3 billion shall be 1/12 of .40 .15 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund Funds and unpaid.
Appears in 8 contracts
Samples: Investment Management Agreement (Cash Account Trust), Investment Management Agreement (Investors Municipal Cash Fund), Investment Management Agreement (Investors Municipal Cash Fund)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .40 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .38 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .35 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .32 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .30 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .28 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .26 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .25 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 7 contracts
Samples: Investment Management Agreement (Kemper Portfolios), Investment Management Agreement (Kemper Portfolios), Kemper Portfolios
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .72 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .69 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .66 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .60 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .58 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .56 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .54 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 6 contracts
Samples: Investment Management Agreement (Kemper Value Plus Growth Fund), Investment Management Agreement (Kemper Value Plus Growth Fund), Investment Management Agreement (Kemper Value Plus Growth Fund)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 a)1/12 of .55 .22 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500,000,000 shall be 1/12 of .52 .20 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .175 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0002,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2,000,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .16 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$3,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 3,000,000,000 shall be 1/12 of .40 .15 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 6 contracts
Samples: Investment Management Agreement (Tax Exempt California Money Market Fund), Investment Management Agreement (Tax Exempt California Money Market Fund), Investment Management Agreement (Tax Exempt California Money Market Fund)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .45 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .41 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .40 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .38 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .36 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .34 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .32 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 6 contracts
Samples: Investment Management Agreement (Kemper U S Government Securities Fund), Investment Management Agreement (Kemper U S Government Securities Fund), Investment Management Agreement (Kemper U S Government Securities Fund)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .75 of 1 percent of the average daily net assets as defined below of the Fund for such month; month provided that, for any calendar month during which the average of such values exceeds exceed $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000$10,000,00,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 5 contracts
Samples: Investment Management Agreement (Investors Fund Series), Investment Management Agreement (Investors Fund Series), Investment Management Agreement (Investors Fund Series)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.60 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500 million shall be 1/12 of .52 0.50 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $1 billion, the fee payable for that month based on the portion of the average of such values in excess of $1 billion shall be 1/12 of 0.45 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $1.5 billion the fee payable for that month based on the portion of the average of such values in excess of $1.5 billion shall be 1/12 of 0.40 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $2 billion, the fee payable for that month based on the portion of the average of such values in excess of $2 billion shall be 1/12 of 0.375 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0003.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 3.0 billion shall be 1/12 of .50 0.35 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 5 contracts
Samples: Scudder Funds Trust, Scudder Funds Trust, Scudder Funds Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 5 contracts
Samples: Agreement (Kemper State Tax Free Income Series), Kemper State Tax Free Income Series, Kemper National Tax Free Income Series
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) the greater of (i) the amount by which the Fund's expenses exceed 1.5% of average daily net assets up to $30 million and 1% of average daily net assets over $30 million or (ii) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 5 contracts
Samples: Investment Management Agreement (Kemper State Tax Free Income Series), Investment Management Agreement (Kemper State Tax Free Income Series), Kemper State Tax Free Income Series
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .45 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .41 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .40 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .38 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .36 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .34 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .32 of 1 percent of such portion; over (b) the greater of (i) the amount by which the Fund's expenses exceed 1% of average daily net assets or (ii) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 5 contracts
Samples: Investment Management Agreement (Kemper National Tax Free Income Series), Investment Management Agreement (Kemper National Tax Free Income Series), Kemper National Tax Free Income Series
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .85 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .82 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .80 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .78 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .75 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .74 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .73 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .72 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 4 contracts
Samples: Investment Management Agreement (Kemper Asian Growth Fund), Kemper Asian Growth Fund, Kemper Asian Growth Fund
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .58 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 ..55 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .53 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .51 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .46 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .44 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .42 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 4 contracts
Samples: Investment Management Agreement (Scudder Strategic Income Fund), Investment Management Agreement (Scudder Total Return Fund), Investment Management Agreement (Scudder Technology Fund)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You below).You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 4 contracts
Samples: Investment Management Agreement (Kemper State Tax Free Income Series), Investment Management Agreement (Kemper State Tax Free Income Series), Kemper State Tax Free Income Series
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .65 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .62 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .60 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .58 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .55 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .53 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .51 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on of the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .49 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 4 contracts
Samples: Investment Management Agreement (Kemper High Yield Series), Investment Management Agreement (Kemper High Yield Series), Kemper High Yield Series
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .22 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500,000,000 shall be 1/12 of .52 .20 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 .175 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0002 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2 billion shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .16 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$3 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 3 billion shall be 1/12 of .40 .15 of 1 percent of such portion; over (b) the greater of (i) the amount by which the Fund's expenses exceed 1.5% of average daily net assets up to $30 million and 1% of average daily net assets over $30 million or (ii) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 4 contracts
Samples: Investment Management Agreement (Cash Equivalent Fund), Investment Management Agreement (Cash Equivalent Fund), Cash Equivalent Fund
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust Corporation on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 250 million shall be 1/12 of .52 0.72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1.0 billion shall be 1/12 of .50 0.70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0002.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2.5 billion shall be 1/12 of .48 0.68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,0005.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 5.0 billion shall be 1/12 of .45 0.65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,0007.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 7.5 billion shall be 1/12 of .43 0.64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000$10.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 10.0 billion shall be 1/12 of .41 0.63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12.5 billion shall be 1/12 of .40 0.62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 3 contracts
Samples: Investment Management Agreement (Kemper Global International Series), Growth Fund of Spain Inc, Kemper Global International Series
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust Corporation on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.90 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500 million shall be 1/12 of .52 0.85 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $1 billion, the fee payable for that month based on the portion of the average of such values in excess of $1 billion shall be 1/12 of 0.80 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0002 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 2 billion shall be 1/12 of .50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.75 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$3 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 3 billion shall be 1/12 of .40 0.70 of 1 percent of such portion; portion over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 3 contracts
Samples: Scudder International Fund Inc, Scudder International Fund Inc, Scudder International Fund Inc
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 3 contracts
Samples: Kemper State Tax Free Income Series, Kemper State Tax Free Income Series, Kemper State Tax Free Income Series
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund Funds shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .22 of 1 percent of the combined average daily net assets as defined below of the Fund Funds for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500,000,000 shall be 1/12 of .52 .20 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 .175 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0002 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2 billion shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .16 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$3 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 3 billion shall be 1/12 of .40 .15 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). The monthly fee payable to you by the Trust on behalf of the Funds as calculated under this paragraph shall be reduced to the extent necessary in order that the amount payable by the Government & Agency Securities Portfolio, after allocation of the fee to the Funds, is limited to 1/12 of 0.15 of 1 percent of the average daily net assets attributable to such Government & Agency Securities Portfolio for the month, with the effect of such fee reduction being applied only to such Government & Agency Securities Portfolio and not to the other Funds. You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund Funds and unpaid. The “average daily net assets” of a Fund shall mean the average of the values placed on the Fund’s net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of a Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if a Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of a Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of such Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund’s portfolio may be lawfully determined on that day. If a Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund’s expenses, as if such waiver or limitation were fully set forth herein.
Appears in 3 contracts
Samples: Investment Management Agreement (Cash Account Trust), Investment Management Agreement (Cash Account Trust), Investment Management Agreement (Cash Account Trust)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust Corporation on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 ..72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 3 contracts
Samples: Investment Management Agreement (Scudder Value Series Inc), Investment Management Agreement (Scudder Value Series Inc), Investment Management Agreement (Scudder Value Series Inc)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust Corporation on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 3 contracts
Samples: Investment Management Agreement (Kemper Value Fund Inc), Kemper Value Fund Inc, Kemper Value Fund Inc
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.60 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500 million shall be 1/12 of .52 0.55 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 0.50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0001.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1.5 billion shall be 1/12 of .48 0.475 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,0002.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 2.0 billion shall be 1/12 of .45 0.45 percent of such portion; provided that, for any calendar month which the average of such values exceeds $3.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $3.0 billion shall be 1/12 of 0.425 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,0004.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 4.5 billion shall be 1/12 of .43 0.405 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000$6.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 6.0 billion and shall be 1/12 of .41 0.3875 of 1 percent of such portion; , and provided that, for any calendar month beginning after September 30, 1998 during which the average of such values exceeds 12,500,000,000$10 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 0.370 of 1 percent of such portion; portion over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 2 contracts
Samples: Investment Trust, Investment Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.58 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.55 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 0.53 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 0.51 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 0.48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 0.46 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.44 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 0.42 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 2 contracts
Samples: Investment Management Agreement (Scudder Blue Chip Fund), Investment Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.450 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1.5 billion shall be 1/12 of .50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.425 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$2 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 2 billion shall be 1/12 of .40 0.400 of 1 percent of such portion; , and provided that, for any calendar month during which the average of such values exceeds $3 billion, the fee payable for that month based on the portion of the average of such values in excess of $3 billion shall be 1/12 of 0.385% of 1 percent of such portion, and provided that, for any calendar month during which the average of such values exceeds $4 billion, the fee payable for that month based on the portion of the average of such values in excess of $4 billion shall be 1/12 of 0.370% of 1 percent of such portion, and provided, for any calendar month during which the average of such values exceeds $5 billion, the fee payable for that month based on the portion of the average of such values in excess of $5 billion shall be 1/12 of 0.355% of 1 percent of such portion, and provided that, for any calendar month during the average of such values exceeds $6 billion, the fee payable for that month based on the portion of the average of such values in excess of $6 billion shall be 1/12 of 0.340% of 1 percent of such portion that shall over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 2 contracts
Samples: Scudder Funds Trust, Scudder Funds Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.65 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 250,000 shall be 1/12 of .52 0.62 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000999,999, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 999,999 shall be 1/12 of .50 0.60 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0002,499,999, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2,499,999 shall be 1/12 of .48 0.58 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,0004,999,999, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 4,999,999 shall be 1/12 of .45 0.55 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,0007,499,999, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 7,499,999 shall be 1/12 of .43 0.53 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000$9,999,999, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 9,999,999 shall be 1/12 of .41 0.51 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$12,499,999, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12,499,999 shall be 1/12 of .40 0.49 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 2 contracts
Samples: Investment Management Agreement (Kemper Income Trust), Kemper Income Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .58 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .55 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .53 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .51 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .46 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .44 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .42 of 1 percent of such portion; over (b) any overany compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 2 contracts
Samples: Investment Management Agreement (Kemper Quantitative Equity Fund), Kemper Quantitative Equity Fund
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund Funds shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .22 of 1 percent of the combined average daily net assets as defined below of the Fund Funds for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500,000,000 shall be 1/12 of .52 .20 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 .175 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0002 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2 billion shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .16 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$3 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 3 billion shall be 1/12 of .40 .15 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund Funds and unpaid.
Appears in 2 contracts
Samples: Investment Management Agreement (Cash Account Trust), Investment Management Agreement (Investors Municipal Cash Fund)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000500 million, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 500 million shall be 1/12 of .50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.65 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$1 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 1 billion shall be 1/12 of .40 0.60 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $1.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $1.5 billion shall be 1/12 of 0.55 of 1 percent of such portion; and provided that, effective September 30, 1998, for any calendar month during which the average of such values exceeds $2.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $2.0 billion shall be 1/12 of 0.50 percent of such portion over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 2 contracts
Samples: Value Equity Trust, Value Equity Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.65 of 1 percent of the average daily net assets as defined below of the Fund for such month; month provided that, for any calendar month during which the average of such values exceeds exceed $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.62 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 0.60 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 0.58 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 0.55 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 0.53 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.51 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 0.49 of 1 percent of such portion; portion over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid. The “average daily net assets” of the Fund shall mean the average of the values placed on the Fund’s net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund’s portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund’s expenses, as if such waiver or limitation were fully set forth herein.
Appears in 2 contracts
Samples: Investment Management Agreement (DWS Variable Series Ii), Investment Management Agreement (DWS Variable Series Ii)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 2 contracts
Samples: Investment Management Agreement (Scudder New Europe Fund Inc), Investment Management Agreement (Kemper New Europe Fund Inc)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.60 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500 million shall be 1/12 of .52 0.55 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $1 billion the fee payable for that month based on the portion of the average of such values in excess of $1 billion shall be 1/12 of 0.50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1.5 billion shall be 1/12 of .50 0.475 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $2 billion, the fee payable for that month based on the portion of the average of such values in excess of $2 billion shall be 1/12 of 0.45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0003 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 3 billion shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.425 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$4.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 4.5 billion shall be 1/12 of .40 0.405 of 1 percent of such portion; portion over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 2 contracts
Samples: Scudder Investment Trust, Investment Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.50 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 250 million shall be 1/12 of .52 0.450 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000500 million, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 500 million shall be 1/12 of .50 0.400 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $1 billion, the fee payable for that month based on the portion of the average of such values in excess of $1 billion shall be 1/12 of 0.350 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0001.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1.5 billion shall be 1/12 of .48 0.335 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,0002 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 2 billion shall be 1/12 of .45 0.320 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund Trust and unpaid.
Appears in 2 contracts
Samples: Scudder Cash Investment Trust, Scudder Cash Investment Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 XX of 1 percent of the average daily net assets as defined below of the Fund for such month; month provided that, for any calendar month during which the average of such values exceeds exceed $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 XX of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 XX of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 XX of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 XX of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 XX of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000$10,000,00,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 XX of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 XX of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 2 contracts
Samples: Investment Management Agreement (Scudder Variable Series Ii), Investment Management Agreement (Scudder Variable Series Ii)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.650 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 200 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 200 million shall be 1/12 of .52 0.600 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $500 million, the fee payable for that month based on the portion of the average of such values in excess of $500 million shall be 1/12 of 0.550 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 0.525 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0001.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1.5 billion shall be 1/12 of .48 0.500 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 2 contracts
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .58 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .55 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .53 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .51 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .46 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .44 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .42 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 2 contracts
Samples: Kemper Horizon Fund, Kemper Horizon Fund
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .22 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500,000,000 shall be 1/12 of .52 .20 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .175 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0002,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2,000,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .16 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$3,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 3,000,000,000 shall be 1/12 of .40 .15 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 2 contracts
Samples: Investment Management Agreement (Tax Exempt California Money Market Fund), Tax Exempt California Money Market Fund
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4, 5 and 4 6 hereof, the Trust Corporation on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000250 million, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 250 million shall be 1/12 of .50 0.72 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $2,500,000,0001.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1.0 billion shall be 1/12 of .48 0.70 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $5,000,000,0002.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 2.5 billion shall be 1/12 of .45 0.68 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values value exceeds $7,500,000,0005.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 5.0 billion shall be 1/12 of .43 0.65 of 1 percent of such portion; provided further than, for any calendar month during which the average of such values exceeds $7.5 billion, the fee payable for that month during which the average of such values in excess of $7.5 billion shall be 1/12 of 0.64 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds 10,000,000,000$10.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 10.0 billion shall be 1/12 of .41 0.63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000in excess of $12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12.5 billion shall be 1/12 of .40 0.62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Global/International Fund Inc
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 500,000,000 shall be 1/12 of .50 0.70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.68 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$4,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 4,000,000,000 shall be 1/12 of .40 0.66 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid. The “average daily net assets” of the Fund shall mean the average of the values placed on the Fund’s net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund’s portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund’s expenses, as if such waiver or limitation were fully set forth herein.
Appears in 1 contract
Samples: Investment Management Agreement (Deutsche DWS Investment Trust)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .58 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .55 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .53 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .51 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .46 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .44 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .42 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Kemper Horizon Fund
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .630 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .600 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .580 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .560 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 ..530 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .520 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .510 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .500 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid. The “average daily net assets” of the Fund shall mean the average of the values placed on the Fund’s net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund’s portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund’s expenses, as if such waiver or limitation were fully set forth herein.
Appears in 1 contract
Samples: Investment Management Agreement (Deutsche DWS Investment Trust)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust Corporation on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds exceed $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 500,000,000 shall be 1/12 of .50 0.70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.68 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$4,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 4,000,000,000 shall be 1/12 of .40 0.66 of 1 percent of such portion; portion over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid. The “average daily net assets” of the Fund shall mean the average of the values placed on the Fund’s net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Articles and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund’s portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund’s expenses, as if such waiver or limitation were fully set forth herein.
Appears in 1 contract
Samples: Investment Management Agreement (DWS Value Series, Inc)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.60 of 1 percent of the average daily net assets as defined below of the Fund for such month; month provided that, for any calendar month during which the average of such values exceeds exceed $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.57 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 0.55 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 0.53 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 0.50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 0.48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.46 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 0.44 of 1 percent of such portion; portion over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid. The “average daily net assets” of the Fund shall mean the average of the values placed on the Fund’s net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund’s portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund’s expenses, as if such waiver or limitation were fully set forth herein.
Appears in 1 contract
Samples: Investment Management Agreement (DWS Variable Series Ii)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4, 5 and 4 6 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.450 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 250 million shall be 1/12 of .52 0.445 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 0.440 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $2.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $2.5 billion shall be 1/12 of 0.430 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds$7.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $7.5 billion shall be 1/12 of the 0.420 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,00012.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 12.5 billion shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.410 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$17.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 17.5 billion shall be 1/12 of .40 0.385 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4, 5 and 4 6 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.600 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 1.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 1.5 billion shall be 1/12 of .52 0.575 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0002 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 2 billion shall be 1/12 of .50 0.550 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, 3 billion the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 3 billion shall be 1/12 of .48 0.525 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, 4 billion the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 4 billion shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.500 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, $5 billion the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 5 billion shall be 1/12 of .40 0.475 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Value Equity Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4, 5 and 4 6 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.45 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000250 million, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 250 million shall be 1/12 of .50 0.43 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $2,500,000,0001.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1.0 billion shall be 1/12 of .48 0.41 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $5,000,000,0002.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 2.5 billion shall be 1/12 of .45 0.40 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $7,500,000,0005.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 5.0 billion shall be 1/12 of .43 0.38 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds 10,000,000,000$7.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 7.5 billion shall be 1/12 of .41 0.36 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $10.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $10.0 billion shall be 1/12 of 0.34 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12.5 billion shall be 1/12 of .40 0.32 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Scudder Municipal Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4, 5 and 4 6 hereof, the Trust Corporation on behalf of the Scudder Emerging Markets Income Fund shall pay you in United States Dollars Statex Xxxxxrs on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 1.00 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500 million shall be 1/12 of .52 0.95 of 1 percent of such portion; over any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 3, 4, 5 and 6 hereof, the Corporation on behalf of the Scudder Global Bond Fund shall pay you in United States Dollars on xxx xxst day of each month the unpaid balance of a fee equal to the excess of 1/12 of 0.75 of 1.00 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250 million, the fee payable for that month based on the portion of the average of such values in excess of $250 million shall be 1/12 of 0.72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 0.70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0002.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2.5 billion shall be 1/12 of .48 0.68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,0005.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 5.0 billion shall be 1/12 of .45 0.65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,0007.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 7.5 billion shall be 1/12 of .43 0.64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000$10 billion, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 10 billion shall be 1/12 of .41 0.63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12.5 billion shall be 1/12 of .40 0.62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (DWS Global/International Fund, Inc.)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4, 5 and 4 6 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.50 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 250 million shall be 1/12 of .52 0.450 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000500 million, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 500 million shall be 1/12 of .50 0.400 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1 billion shall be 1/12 of .48 0.350 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,0001.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 1.5 billion shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.335 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$2 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 2 billion shall be 1/12 of .40 0.320 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Scudder Cash Investment Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4, 5 and 4 6 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000250 million, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 250 million shall be 1/12 of .50 0.52 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $2,500,000,0001.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1.0 billion shall be 1/12 of .48 0.50 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $5,000,000,0002.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 2.5 billion shall be 1/12 of .45 0.48 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $7,500,000,0005.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 5.0 billion shall be 1/12 of .43 0.45 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds 10,000,000,000$7.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 7.5 billion shall be 1/12 of .41 0.43 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $10.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $10.0 billion shall be 1/12 of 0.41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12.5 billion shall be 1/12 of .40 0.40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Scudder Portfolio Trust/
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 ..52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You below).You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Scudder State Tax-Free Income Series)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust Corporation on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of1/12 of (a) 1/12 of .55 ..525 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 1,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 1,500,000,000 shall be 1/12 of .52 .500 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0002,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 2,000,000,000 shall be 1/12 of .50 .475 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0003,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 3,000,000,000 shall be 1/12 of .48 .450 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $4,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $4,000,000,000 shall be 1/12 of .425 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .400 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (DWS Value Series, Inc)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.750 of 1 percent of the average daily net assets as defined below of the Fund for such month; month provided that, for any calendar month during which the average of such values exceeds exceed $250,000,000 250 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 250 million shall be 1/12 of .52 0.725 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 0.700 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0002.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2.5 billion shall be 1/12 of .48 .680 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,0005 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 5 billion shall be 1/12 of .45 .650 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,0007.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 7.5 billion shall be 1/12 of .43 .640 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000$10 billion, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 10 billion shall be 1/12 of .41 .630 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12.5 billion shall be 1/12 of .40 .620 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 ..52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Scudder State Tax-Free Income Series)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .62 of 1 percent of such portion; over (b) any b)any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Kemper International Bond Fund
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.465 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.460 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 0.455 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 0.445 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 0.435 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 0.425 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $17,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $17,500,000,000 shall be 1/12 of 0.400 of 1 percent of such portion over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid. The “average daily net assets” of the Fund shall mean the average of the values placed on the Fund’s net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund’s portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund’s expenses, as if such waiver or limitation were fully set forth herein.
Appears in 1 contract
Samples: Investment Management Agreement (Deutsche DWS Investment Trust)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4, 5 and 4 6 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.750 of 1 percent of the average daily net assets as defined below of the Fund for such month; month provided that, for any calendar month during which the average of such values exceeds exceed $250,000,000 250 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 250 million shall be 1/12 of .52 0.725 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 0.700 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0002.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2.5 billion shall be 1/12 of .48 0.680 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,0005 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 5 billion shall be 1/12 of .45 .650 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,0007.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 7.5 billion shall be 1/12 of .43 .640 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000$10 billion, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 10 billion shall be 1/12 of .41 0.630 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12.5 billion shall be 1/12 of .40 0.620 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Scudder Variable Series I
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .70 of 1 percent of such portion; provided that, for any 6 calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Kemper Global Income Fund)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .45 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 ..43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .41 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .40 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .38 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .36 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .34 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .32 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Scudder U S Government Securities Fund)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .58 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 ..55 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .53 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .51 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .46 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .44 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .42 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Scudder High Yield Series)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.600 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 1.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 1.5 billion shall be 1/12 of .52 0.575 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $2 billion, the fee payable for that month based on the portion of the average of such values in excess of $2 billion shall be 1/12 of 0.550 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, 3 billion the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 3 billion shall be 1/12 of .50 0.525 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, 4 billion the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 4 billion shall be 1/12 of .48 0.500 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, 5 billion the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 5 billion shall be 1/12 of .45 0.475 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Value Equity Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.65 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.62 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, 999,999,999 the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 999,999,999 shall be 1/12 of .50 0.60 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, 2,499,999,999 the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2,499,999,999 shall be 1/12 of .48 0.58 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, 4,999,999,999 the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 4,999,999,999 shall be 1/12 of .45 0.55 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, 7,499,999,999 the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 7,499,999,999 shall be 1/12 of .43 0.53 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, $9,999,999,999 the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 9,999,999,999 shall be 1/12 of .41 0.51 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, $12,499,999,999 the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12,499,999,999 shall be 1/12 of .40 0.49 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Kemper Income Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.60 of 1 percent of the average daily net assets as defined below of the Fund for such month; month provided that, for any calendar month during which the average of such values exceeds exceed $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.57 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 0.55 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 0.53 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 0.50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 0.48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.46 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 0.44 of 1 percent of such portion; portion over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid. The "average daily net assets" of the Fund shall mean the average of the values placed on the Fund's net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund's portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund's expenses, as if such waiver or limitation were fully set forth herein.
Appears in 1 contract
Samples: Investment Management Agreement (DWS Variable Series Ii)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .45 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .41 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .40 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .38 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .36 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .34 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .32 of 1 percent of such portion; over (b) the greater of (i) the amount by which the Fund's expenses exceed 1% of average daily net assets or (ii) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.85 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500 million shall be 1/12 of .52 0.80 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 0.75 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0001.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1.5 billion shall be 1/12 of .48 0.70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,0002 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 2 billion shall be 1/12 of .45 0.65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Scudder Securities Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4, 5 and 4 6 hereof, the Trust Corporation on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500 million shall be 1/12 of .52 0.95 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 0.90 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds exceed $2,500,000,0001.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1.5 billion shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.85 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$2.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 2.0 billion shall be 1/12 of .40 0.80 of 1 percent of such portion; portion over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Global/International Fund Inc
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .40 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 ..38 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .35 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .32 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .30 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .28 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .26 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .25 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Scudder Portfolios)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.55 of 1 percent of the average daily net assets as defined below of the Fund for such month; month provided that, for any calendar month during which the average of such values exceeds exceed $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.53 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 0.51 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 0.50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 0.48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 0.46 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.44 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 0.42 of 1 percent of such portion; portion over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid. The “average daily net assets” of the Fund shall mean the average of the values placed on the Fund’s net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund’s portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund’s expenses, as if such waiver or limitation were fully set forth herein.
Appears in 1 contract
Samples: Investment Management Agreement (DWS Variable Series Ii)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.75 of 1 percent of the average daily net assets as defined below of the Fund for such month; month provided that, for any calendar month during which the average of such values exceeds exceed $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 0.70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 0.68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 0.65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 0.64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 0.62 of 1 percent of such portion; portion over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid. The “average daily net assets” of the Fund shall mean the average of the values placed on the Fund’s net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund’s portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund’s expenses, as if such waiver or limitation were fully set forth herein.
Appears in 1 contract
Samples: Investment Management Agreement (DWS Variable Series Ii)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 ..22 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500,000,000 shall be 1/12 of .52 ..20 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 .175 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0002 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2 billion shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .16 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$3 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 3 billion shall be 1/12 of .40 .15 of 1 percent of such portion; over (b) the greater of (i) the amount by which the Fund's expenses exceed 1.5% of average daily net assets up to $30 million and 1% of average daily net assets over $30 million or (ii) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Cash Equivalent Fund)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4, 5 and 4 6 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 250 million shall be 1/12 of .52 0.72 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $1 billion, the fee payable for that month based on the portion of the average of such values in excess of $1 billion shall be 1/12 of 0.70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0002.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 2.5 billion shall be 1/12 of .50 0.68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0005 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 5 billion shall be 1/12 of .48 0.65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,0007.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 7.5 billion shall be 1/12 of .45 0.64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,00010 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 10 billion shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12.5 billion shall be 1/12 of .40 0.62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Value Equity Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 ..470 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 1,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 1,500,000,000 shall be 1/12 of .52 .445 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0002,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 2,000,000,000 shall be 1/12 of .50 .410 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0003,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 3,500,000,000 shall be 1/12 of .48 .400 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,0005,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 5,500,000,000 shall be 1/12 of .45 .390 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .380 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .370 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .360 of 1 percent of such portion; portion and on the remainder of any balance, over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (DWS Balanced Fund)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.75 of 1 percent of the average daily net assets as defined below of the Fund for such month; month provided that, for any calendar month during which the average of such values exceeds exceed $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 0.70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 0.68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 0.65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 0.64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000$10,000,00,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 0.62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Scudder Variable Series Ii)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4, 5 and 4 6 hereof, the Trust Corporation on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.85 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000250 million, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 250 million shall be 1/12 of .50 0.82 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $2,500,000,0001.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1.0 billion shall be 1/12 of .48 0.80 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $5,000,000,0002.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 2.5 billion shall be 1/12 of .45 0.78 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $7,500,000,0005.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 5.0 billion shall be 1/12 of .43 0.75 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds 10,000,000,000$7.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 7.5 billion shall be 1/12 of .41 0.74 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $10.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $10.0 billion shall be 1/12 of 0.73 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12.5 billion shall be 1/12 of .40 0.72 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Scudder International Fund Inc
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .72 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 ..69 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .66 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .60 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .58 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .56 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .54 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Scudder Focus Value Plus Growth Fund/)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.45 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000250 million, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 250 million shall be 1/12 of .50 0.43 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $2,500,000,0001.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1.0 billion shall be 1/12 of .48 0.41 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $5,000,000,0002.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 2.5 billion shall be 1/12 of .45 0.40 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $7,500,000,0005.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 5.0 billion shall be 1/12 of .43 0.38 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds 10,000,000,000$7.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 7.5 billion shall be 1/12 of .41 0.36 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $10.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $10.0 billion shall be 1/12 of 0.34 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12.5 billion shall be 1/12 of .40 0.32 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Scudder Municipal Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4, 5 and 4 6 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 0.600 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500 million shall be 1/12 of .52 0.575 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, 1 billion the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 0.550 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, 1.5 billion the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1.5 billion shall be 1/12 of .48 0.525 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, 2 billion the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 2 billion shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.500 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, $3 billion the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 3 billion shall be 1/12 of .40 0.475 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Scudder Portfolio Trust/
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.75 of 1 percent of the average daily net assets as defined below of the Fund for such month; month provided that, for any calendar month during which the average of such values exceeds exceed $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.725 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 0.70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 0.675 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 0.65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 0.625 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.60 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 0.575 of 1 percent of such portion; portion over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid. The “average daily net assets” of the Fund shall mean the average of the values placed on the Fund’s net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund’s portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund’s expenses, as if such waiver or limitation were fully set forth herein.
Appears in 1 contract
Samples: Investment Management Agreement (DWS Variable Series Ii)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000250 million, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 250 million shall be 1/12 of .50 0.52 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $2,500,000,0001.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1.0 billion shall be 1/12 of .48 0.49 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $5,000,000,0002.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 2.5 billion shall be 1/12 of .45 0.47 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $7,500,000,0005.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 5.0 billion shall be 1/12 of .43 0.45 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds 10,000,000,000$7.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 7.5 billion shall be 1/12 of .41 0.43 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $10.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $10.0 billion shall be 1/12 of 0.41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12.5 billion shall be 1/12 of .40 0.40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid. The "average daily net assets" of the Fund shall mean the average of the values placed on the Fund's net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund's portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund's expenses, as if such waiver or limitation were fully set forth herein.
Appears in 1 contract
Samples: Scudder Tax Free Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 1.00 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.95 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000750,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 750,000,000 shall be 1/12 of .50 0.90 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0001,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.85 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$3,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 3,000,000,000 shall be 1/12 of .40 0.80 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Scudder Variable Series Ii)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4, 5 and 4 6 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000250 million, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 250 million shall be 1/12 of .50 0.52 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $2,500,000,0001.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1.0 billion shall be 1/12 of .48 0.49 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $5,000,000,0002.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 2.5 billion shall be 1/12 of .45 0.47 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $7,500,000,0005.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 5.0 billion shall be 1/12 of .43 0.45 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds 10,000,000,000$7.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 7.5 billion shall be 1/12 of .41 0.43 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $10.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $10.0 billion shall be 1/12 of 0.41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12.5 billion shall be 1/12 of .40 0.40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Scudder Tax Free Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust Corporation on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.75 of 1 percent of the average daily net assets as defined below of the Fund for such month; month provided that, for any calendar month during which the average of such values exceeds exceed $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 0.70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 0.68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,0004,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 4,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 0.66 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Scudder Value Series Inc)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .22 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 500,000,000 shall be 1/12 of .52 ..20 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .175 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0002,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2,000,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .16 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$3,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 3,000,000,000 shall be 1/12 of .40 .15 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Tax Exempt California Money Market Fund)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Scudder New Europe Fund Inc /New/)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 250 million shall be 1/12 of .52 0.72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 0.70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0002.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2.5 billion shall be 1/12 of .48 0.68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,0005 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 5 billion shall be 1/12 of .45 0.65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,0007.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 7.5 billion shall be 1/12 of .43 0.64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000$10 billion, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 10 billion shall be 1/12 of .41 0.63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12.5 billion shall be 1/12 of .40 0.62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Scudder International Fund Inc
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust Corporation on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .75 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $ $250,000,000 250 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 $ 250 million shall be 1/12 be1/12 of .52 .0.72 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $1,000,000,0001.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1.0 billion shall be 1/12 of .50 0.70 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $2,500,000,0002.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2.5 billion shall be 1/12 of .48 0.68 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values value exceeds $5,000,000,0005.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 5.0 billion shall be 1/12 of .45 0.65 of 1 percent of such portion; provided further than, for any calendar month during which the average of such values exceeds $7.5 billion, the fee payable for that month during which the average of such values in excess of $7.5 billion shall be 1/12 of 0.64 of 1 percent of such portion; provided further that, for any calendar month during which the average of such values exceeds $7,500,000,00010.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 10.0 billion shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000in excess of $12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12.5 billion shall be 1/12 of .40 0.62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Global/International Fund Inc
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4, 5 and 4 6 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.450 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 1.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 1.5 billion shall be 1/12 of .52 0.425 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0002 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 2 billion shall be 1/12 of .50 0.400 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $3 billion, the fee payable for that month based on the portion of the average of such values in excess of $3 billion shall be 1/12 of 0.385 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0004 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 4 billion shall be 1/12 of .48 0.370 of 1 percent of such portion; provided thatprovided, for any calendar month during which the average of such values exceeds $5,000,000,0005 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 5 billion shall be 1/12 of .45 0.355 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $7,500,000,0006 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 6 billion shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 0.340 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Scudder Funds Trust
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .85 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 .82 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 .80 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 6 $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 .78 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 .75 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 .74 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 .73 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 .72 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Kemper Asian Growth Fund)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4, 5 and 4 6 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 0.55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250 million, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 250 million shall be 1/12 of .52 0.52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,0001 billion, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 1 billion shall be 1/12 of .50 0.50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0002.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 2.5 billion shall be 1/12 of .48 0.48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,0005.0 billion, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 5.0 billion shall be 1/12 of .45 0.45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,0007.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 7.5 billion shall be 1/12 of .43 0.43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000$10 billion, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 10 billion shall be 1/12 of .41 0.41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$12.5 billion, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 12.5 billion shall be 1/12 of .40 0.40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (DWS Portfolio Trust)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 1.00 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.95 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000750,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 750,000,000 shall be 1/12 of .50 0.90 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,0001,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 1,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.85 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000$3,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 3,000,000,000 shall be 1/12 of .40 0.80 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Scudder Variable Series Ii)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 .75 of 1 percent of the average daily net assets as defined below of the Fund for such month; month provided that, for any calendar month during which the average of such values exceeds exceed $250,000,000 250,000,000, the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 0.72 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 0.70 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 0.68 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 0.65 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 0.64 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000$10,000,00,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 0.63 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds $12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 0.62 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Scudder Variable Series Ii)
Management Fee. For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, 4 and 4 5 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 ..55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 ..52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) the greater of (i) the amount by which the Fund's expenses exceed 1.5% of average daily net assets up to $30 million and 1% of average daily net assets over $30 million or (ii) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.
Appears in 1 contract
Samples: Investment Management Agreement (Scudder State Tax-Free Income Series)
