Common use of Obligations of the Fund Clause in Contracts

Obligations of the Fund. (a) Fee. The Fund will pay to Questar on the last day of each month an annual fee equal to 1.95% of average net asset of the Portfolio, such fee to be computed daily based upon the net asset value of the Portfolio as determined by a valuation made in accordance with the Fund's procedure for calculating Portfolio net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. During any period when the determination of a Portfolio's net asset value is suspended by the directors of the Fund, the net asset value of a share of that Portfolio as of the last business day prior to such suspension shall, for the purpose of this Paragraph 2(a), be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Appears in 1 contract

Samples: Operating Services Agreement (Avalon Fund of Ann Arbor Inc)

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Obligations of the Fund. (a) Fee. The Fund will pay to Questar Manager on the last day of each month a fee at an annual fee rate equal to 1.951.70% of average net asset of the Portfolio, such fee to be computed daily based upon the net asset value of the Portfolio as determined by a valuation made in accordance with the Fund's procedure for calculating Portfolio net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. During any period when the determination of a Portfolio's net asset value is suspended by the directors of the Fund, the net asset value of a share of that Portfolio as of the last business day prior to such suspension shall, for the purpose of this Paragraph 2(a), be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Appears in 1 contract

Samples: Operating Services Agreement (Amidex Funds Inc)

Obligations of the Fund. (a) Fee. The Fund will pay to Questar Manager on the last day of each month a fee at an annual fee rate equal to 1.950.50% of average net asset of the Portfolio, such fee to be computed daily based upon the net asset value of the Portfolio as determined by a valuation made in accordance with the Fund's procedure for calculating Portfolio net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. During any period when the determination of a the Portfolio's net asset value is suspended by the directors of the Fund, the net asset value of a share of that the Portfolio as of the last business day prior to such suspension shall, for the purpose of this Paragraph 2(a), be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Appears in 1 contract

Samples: Operating Services Agreement (Fairholmes Funds Inc)

Obligations of the Fund. (a) Fee. The Fund will pay to Questar Manager on the last day of each month a fee at an annual fee rate equal to 1.951.50% of average net asset of the Portfolio, such fee to be computed daily based upon the net asset value of the Portfolio as determined by a valuation made in accordance with the Fund's procedure for calculating Portfolio net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. During any period when the determination of a the Portfolio's net asset value is suspended by the directors of the Fund, the net asset value of a share of that the Portfolio as of the last business day prior to such suspension shall, for the purpose of this Paragraph 2(a), be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Appears in 1 contract

Samples: Management Services Agreement (Magi Funds Inc)

Obligations of the Fund. (a) Fee. The Fund will pay to Questar Manager on the last day of each month a fee at an annual fee rate equal to 1.950.70% of average net asset of the each Portfolio, such fee to be computed daily based upon the net asset value of the each Portfolio as determined by a valuation made in accordance with the Fund's procedure for calculating Portfolio net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. During any period when the determination of a Portfolio's net asset value is suspended by the directors of the Fund, the net asset value of a share of that Portfolio as of the last business day prior to such suspension shall, for the purpose of this Paragraph 2(a), be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Appears in 1 contract

Samples: Operating Services Agreement (1-800 Mutual Funds Inc)

Obligations of the Fund. (a) Fee. The Fund will pay to Questar Manager on the last day of each month a fee at an annual fee rate equal to 1.950.49% of average net asset of the Portfolio, such fee to be computed daily based upon the net asset value of the Portfolio as determined by a valuation made in accordance with the Fund's procedure for calculating Portfolio net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. During any period when the determination of a Portfolio's net asset value is suspended by the directors of the Fund, the net asset value of a share of that Portfolio as of the last business day prior to such suspension shall, for the purpose of this Paragraph 2(a), be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Appears in 1 contract

Samples: Operating Services Agreement (Declaration Fund)

Obligations of the Fund. (a) Fee. The Fund will pay to Questar Manager on the last day of each month a fee at an annual fee rate equal to 1.951.25% of average net asset of the Portfolio, such fee to be computed daily based upon the net asset value of the Portfolio as determined by a valuation made in accordance with the Fund's procedure for calculating Portfolio net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. During any period when the determination of a Portfolio's net asset value is suspended by the directors of the Fund, the net asset value of a share of that Portfolio as of the last business day prior to such suspension shall, for the purpose of this Paragraph 2(a), be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Appears in 1 contract

Samples: Operating Services Agreement (Aapex Funds Inc)

Obligations of the Fund. (a) Fee. The Fund will pay to Questar the Adviser on the last day of each month an annual fee equal to 1.950.50% of the average net asset assets of the Portfolio, such fee to be computed daily based upon the net asset value of the Portfolio as determined by a valuation made in accordance with the Fund's procedure for calculating Portfolio net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. During any period when the determination of a Portfolio's net asset value is suspended by the directors of the Fund, the net asset value of a share of that Portfolio as of the last business day prior to such suspension shall, for the purpose of this Paragraph 2(a), be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Appears in 1 contract

Samples: Operating Services Agreement (Meehan Mutual Funds Inc)

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Obligations of the Fund. (a) Fee. The Fund will pay to Questar Manager on the last day of each month a fee at an annual fee rate equal to 1.950.75% of average net asset of the Portfolio, such fee to be computed daily based upon the net asset value of the Portfolio as determined by a valuation made in accordance with the Fund's procedure for calculating Portfolio net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. During any period when the determination of a the Portfolio's net asset value is suspended by the directors of the Fund, the net asset value of a share of that the Portfolio as of the last business day prior to such suspension shall, for the purpose of this Paragraph 2(a), be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Appears in 1 contract

Samples: Operating Services Agreement (Retirement Income Trust)

Obligations of the Fund. (a) Fee. The Fund will pay to Questar Manager on the last day of each month a fee at an annual fee rate equal to 1.950.70% of average net asset of the Portfolio, such fee to be computed daily based upon the net asset value of the Portfolio as determined by a valuation made in accordance with the Fund's procedure for calculating Portfolio net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. During any period when the determination of a the Portfolio's net asset value is suspended by the directors of the Fund, the net asset value of a share of that the Portfolio as of the last business day prior to such suspension shall, for the purpose of this Paragraph 2(a), be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Appears in 1 contract

Samples: Operating Services Agreement (Electric City Funds Inc)

Obligations of the Fund. (a) Fee. The Fund will pay to Questar Manager on the last day of each month an annual fee equal to 1.950.3% of average net asset value of the Portfolio, Portfolio such fee to be computed daily based upon the net asset value of the Portfolio as determined by a valuation made in accordance with the Fund's procedure for calculating Portfolio net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. During any period when the determination of a Portfolio's Portfolio net asset value is suspended by the directors of the Fund, the net asset value of a share of that Portfolio as of the last business day prior to such suspension shall, for the purpose of this Paragraph 2(a), be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Appears in 1 contract

Samples: Operating Services Agreement (Cornercap Group of Funds /Va/)

Obligations of the Fund. (a) Fee. The Fund will pay to Questar Manager on the last day of each month a fee at an annual fee rate equal to 1.950.60% of average net asset of the Portfolio, such fee to be computed daily based upon the net asset value of the Portfolio as determined by a valuation made in accordance with the Fund's procedure for calculating Portfolio net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. During any period when the determination of a Portfolio's net asset value is suspended by the directors of the Fund, the net asset value of a share of that Portfolio as of the last business day prior to such suspension shall, for the purpose of this Paragraph 2(a), be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Appears in 1 contract

Samples: Operating Services Agreement (Shepherd Street Funds Inc)

Obligations of the Fund. (a) Fee. The Fund will pay to Questar Manager on the last day of each month a fee at an annual fee rate equal to 1.950.74% of average net asset of the Portfolio, such fee to be computed daily based upon the net asset value of the Portfolio as determined by a valuation made in accordance with the Fund's procedure for calculating Portfolio net asset value as described in the Fund's Prospectus and/or Statement of Additional Information. During any period when the determination of a Portfolio's net asset value is suspended by the directors of the Fund, the net asset value of a share of that Portfolio as of the last business day prior to such suspension shall, for the purpose of this Paragraph 2(a), be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Appears in 1 contract

Samples: Operating Services Agreement (Declaration Fund)

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