Common use of Maximum Investment Management Fee Clause in Contracts

Maximum Investment Management Fee. Notwithstanding the foregoing, the maximum investment management fee payable in any calendar year will be .40% of the Total Market Value (as calculated in (A) 4) above); provided that any investment management fee not payable in any calendar year as a result of the restriction in the preceding sentence will be carried over to a succeeding calendar year, but the total investment management fee payable in any such calendar year, including any carry-over payment, shall be limited as provided by the preceding sentence.

Maximum Investment Management Fee. Notwithstanding the foregoing, the maximum investment management fee payable in any calendar year will be .40.25% of the Total Market Value (as calculated in (A) (4) above); provided that any investment management fee not payable in any calendar year as a result of the restriction in the preceding sentence will be carried over to a succeeding calendar year, but the total investment management fee payable in any such calendar year, including any carry-over payment, shall be limited as provided by the preceding sentence.