Market Value and Fee Statement. The Assets shall at all times be maintained exclusively in the custody of the Custodian or one or more other financial institutions approved by the Sub-Adviser. The Sub-Adviser will calculate the Market Value (as defined below) of the Account in accordance with the guidelines agreed to with the Adviser. The Sub-Adviser shall provide the Custodian and the Adviser with the Market Value of the Account as of the last business day of each quarter and an itemized statement setting forth the calculation of the Sub-Advisory Fee (as defined in the Fee Side Letter) due to the Sub-Adviser in respect of such quarter (a “Market
Appears in 3 contracts
Samples: Investment Sub Advisory Agreement (Versus Capital Real Assets Fund LLC), Investment Sub Advisory Agreement (Versus Capital Real Assets Fund LLC), Investment Sub Advisory Agreement (Versus Capital Real Assets Fund LLC)
Market Value and Fee Statement. The Assets shall at all times be maintained exclusively in the custody of the Custodian or one or more other financial institutions approved by the Sub-Adviser. The Sub-Adviser will calculate the Market Value (as defined below) of the Account in accordance with the guidelines agreed to with the Adviser. The Sub-Adviser shall provide the Custodian and the Adviser with the Market Value of the Account as of the last business day of each quarter and an itemized statement setting forth the calculation of the Sub-Advisory Fee (as defined in the Fee Side Letter) due to the Sub-Adviser in respect of such quarter (a “MarketMarket Value and Fee Statement”). The Custodian shall deduct the amounts of the Sub-Advisory Fee set
Appears in 2 contracts
Samples: Investment Sub Advisory Agreement (Versus Capital Real Assets Fund LLC), Investment Sub Advisory Agreement (Versus Capital Real Assets Fund LLC)
