Payment of Additional Compensation. (a) UBS Warburg shall pay the Additional Compensation, quarterly in arrears, to each Qualifying Underwriter in an amount equal to the product of such Underwriter's Pro Rata Percentage multiplied by 0.025% of the Trusts' aggregate average daily net asset values (including assets attributable to any preferred shares of the Trusts that may be outstanding) for such quarter. For the purposes of determining amounts due to each Qualifying Underwriter, the average daily net asset value for each Trust shall be the average net asset value as calculated by the Manager for the applicable quarter. Nothing herein shall in any way obligate UBS Warburg to calculate the average daily net asset values of the Funds for any quarter and UBS Warburg shall be entitled to rely exclusively on the Manager's calculations. No Qualifying Underwriter shall have the right to challenge the calculation of the average daily net asset values of the Funds nor shall any Qualifying Underwriter have the right to obligate UBS Warburg to calculate the average daily net asset values for the Funds.
(b) All fees payable hereunder shall be paid by wire transfer of immediately available funds within 15 days following the end of each calendar quarter to a bank account designated by the payee.
(c) The initial payments of Additional Compensation hereunder shall be with respect to the calendar quarter ending [September 30], 2002. In the event that this Additional Compensation Agreement terminates prior to the end of a calendar quarter, the Additional Compensation required to be paid hereunder shall be due and payable within 15 days following the termination hereof and shall be pro-rated in respect of the period prior to such termination. Notwithstanding the foregoing, if any payment hereunder would otherwise fall on a day which is not a business day, it shall be due on the next day which is a business day.
Payment of Additional Compensation. Upon a Lender having determined that it is entitled to compensation in accordance with the provisions of this Section 4.8 (“Additional Compensation”), the Lender shall promptly so notify the Agent and the Borrower and shall provide to the Agent and the Borrower a photocopy of the relevant Applicable Law or request, as applicable, and a certificate of an officer of the Lender setting forth the Additional Compensation and the basis of calculation thereof, which shall be conclusive evidence of the Additional Compensation in the absence of manifest error. The Borrower shall pay to the Lender within 30 Business Days of the giving of notice the Additional Compensation for the account of the Lender accruing from the date of the notification. The Lender shall be entitled to be paid Additional Compensation from time to time to the extent that the provisions of this Section 4.8 are then applicable notwithstanding that the Lender has previously been paid Additional Compensation.
Payment of Additional Compensation. The CM shall submit invoices for additional compensation with its invoice for Basic Services and payment shall be made pursuant to the provisions of Article 7 of this Agreement.
Payment of Additional Compensation. (a) Xxxxx Xxxxx shall pay the Additional Compensation, quarterly in arrears, to each Class I Qualifying Underwriter in an amount equal to the product of such Qualifying Underwriter's Pro Rata Percentage multiplied by 0.0250% of the aggregate average daily gross assets of the Fund for such quarter.
(b) Xxxxx Xxxxx shall pay the Additional Compensation, quarterly in arrears, to each Class II Qualifying Underwriter in an amount equal to the product of such Qualifying Underwriter's Pro Rata Percentage multiplied by 0.0375% of the aggregate average daily gross assets of the Fund for such quarter.
(c) All fees payable hereunder shall be paid to each Qualifying Underwriter by wire transfer of immediately available funds within 15 days following the end of each calendar quarter to a bank account designated by such Qualifying Underwriter. At the time of each payment of Additional Compensation hereunder, Xxxxx Xxxxx shall deliver to each Qualifying Underwriter receiving an installment of Additional Compensation a statement indicating the amount of the of the aggregate average daily gross asset value of the Fund for such quarter (including assets attributable to any preferred shares of the Fund that may be outstanding) on which such payment was based.
(d) The initial payments of Additional Compensation hereunder shall be paid with respect to the calendar quarter ending June 30,
Payment of Additional Compensation. (a) The Investment Adviser shall pay the Additional Compensation, quarterly in arrears, to each Class I Qualifying Underwriter in an amount equal to the product of such Qualifying Underwriter's Pro Rata Percentage multiplied by 0.0250% of the aggregate average daily total managed assets of the Trust for such quarter (including assets attributable to any preferred shares or other financial leverage of the Trust that may be outstanding); provided, however, that in the event that the contractual advisory fee rate payable by the Trust to the Investment Adviser or such successor or affiliate under the Investment Advisory Agreement is reduced below 0.60%, the fee payable by the Investment Adviser to such Qualifying Underwriter shall be reduced in proportion to, and for the period of, such reduction of the advisory fee, and this agreement shall be deemed to be amended automatically to reflect the same.
(b) The Investment Adviser shall pay the Additional Compensation, quarterly in arrears, to each Class II Qualifying Underwriter in an amount equal to the product of such Qualifying Underwriter's Pro Rata Percentage multiplied by 0.0375% of the aggregate average daily total managed assets of the Trust for such quarter (including assets attributable to any preferred shares or other financial leverage of the Trust that may be outstanding); provided, however, that in the event that the contractual advisory fee rate payable by the Trust to the Investment Adviser or such successor or affiliate under the Investment Advisory Agreement is reduced below 0.60%, the fee payable by the Investment Adviser to such Qualifying Underwriter shall be reduced in proportion to, and for the period of, such reduction of the advisory fee, and this agreement shall be deemed to be amended automatically to reflect the same.
(c) All fees payable hereunder shall be paid to each Qualifying Underwriter by wire transfer of immediately available Trusts within 15 days following the end of each calendar quarter to a bank account designated by such Qualifying Underwriter. At the time of each payment of Additional Compensation hereunder, the Investment Adviser shall deliver to each Qualifying Underwriter receiving an installment of Additional Compensation a statement indicating the amount of the average daily managed assets of the Trust for such quarter (including assets attributable to any preferred shares or other financial leverage of the Trust that may be outstanding) on which such payment was base...
Payment of Additional Compensation. Upon a Lender having determined that it is entitled to compensation in accordance with the provisions of this Section 3.12 (“Additional Compensation”), the Lender shall promptly so notify the Borrower and the Administrative Agent and shall provide to the Borrower and the Administrative Agent a photocopy of the relevant Applicable Law or request, as applicable, and a certificate of an officer of the Lender setting forth the Additional Compensation and the basis of calculation thereof, which shall be conclusive evidence of the Additional Compensation in the absence of manifest error. The Borrower shall pay to the Lender within 30 Business Days of the giving of notice the Additional LEGAL_39694004.1 - 49 SIXTH AMENDED AND RESTATED CREDIT AGREEMENT Compensation for the account of the Lender accruing from the date of the notification. The Lender shall be entitled to be paid Additional Compensation from time to time to the extent that the provisions of this Section 3.12 are then applicable notwithstanding that the Lender has previously been paid Additional Compensation (but without duplication).
Payment of Additional Compensation. Such written notice must be made to the Superintendent of Schools on or before January
Payment of Additional Compensation. (a) The Adviser shall pay the Additional Compensation, payable in arrears at the end of each calendar quarter, as follows: (i) to each Primary Underwriter, Additional Compensation in an amount equal to such Primary Underwriter's Pro Rata Percentage multiplied by 0.0375% of the Fund's Managed Assets for such quarter and (ii) to Citigroup Global Markets Inc., Additional Compensation in an amount equal to $25,000 for such quarter.
(b) For the purposes of this Additional Compensation Agreement, "Managed Assets" means the average daily total assets of the Fund minus liabilities (other than the aggregate indebtedness, if any, entered into for purposes of leverage).
Payment of Additional Compensation. Such written notice must be made to the Superintendent of Schools on or before April 1. Payment will be made to the administrator on or before September 1. If an administrator fails to resign or retire at the end of the school year pursuant to his/her notice to the Superintendent, and has been paid the lump sum payment, the administrator must repay the additional compensation in a lump sum as a condition of continued employment with the New Bedford School Department.
Payment of Additional Compensation. The Adviser agrees to pay Additional Compensation to each Underwriter in the amount set forth opposite the name of such Underwriter on Schedule B hereof, computed in accordance with the formulas set forth in Schedule A hereto. The compensation payable hereunder shall be paid on the Closing Date by wire transfer of immediately available funds to the bank account designated by each Underwriter.
