Member Servicing Fee. (a) In recognition of the payments MCA will make to the Member Service Providers that provide the Member Services outlined in Section 1, the Company will make payments to MCA within 10 days of the end of each calendar month to reimburse MCA for all or a portion of such payments made to each such Member Service Provider, at an annualized rate of up to 0.25% of the aggregate value of outstanding Interests in the Company held by all Members (the "Member Servicing Fee") as determined on the last day of each calendar month.
Appears in 8 contracts
Samples: Member Servicing Agreement (Mercantile Alternative Strategies Fund LLC), Member Servicing Agreement (Mercantile Long Short Manager Fund LLC), Member Servicing Agreement (Mercantile Long Short Manager Fund LLC)
