Payment of Additional Compensation. (a) The Investment Adviser shall pay the Additional Compensation, quarterly in arrears, to each Lead Managing Underwriter in an amount equal to the product of such Lead Managing Underwriter's Pro Rata Percentage multiplied by (i) one-quarter of the "Applicable Percentage Factor" as set forth on Schedule A hereto times (ii) the aggregate average daily net asset value of the Fund for such quarter (including assets attributable to any preferred shares of the Fund that may be outstanding); provided, however, that in the event that the contractual advisory fee rate payable by the Fund to John Hancock Advisers or such xxxcxxxxx xr affiliate under the Investment Advisory Agreement is reduced below 0.55%, the fee payable by John Hancock Advisers to such Xxxd Xxxxxxng Underwriter shall be reduced in proportion to, and for the period of, such reduction of the advisory fee, and this Additional Compensation Agreement shall be deemed to be amended automatically to reflect the same.
Appears in 2 contracts
Samples: Lead Managing (John Hancock Tax-Advantaged Dividend Income Fund), Lead Managing (John Hancock Tax-Advantaged Dividend Income Fund)
Payment of Additional Compensation. (a) The Investment Adviser shall pay the Additional Compensation, quarterly in arrears, to each Lead Managing Underwriter in an amount equal to the product of such Lead Managing Underwriter's Pro Rata Percentage multiplied by (i) one-quarter of the "Applicable Percentage Factor" as set forth on Schedule A hereto times (ii) the aggregate average daily net asset value of the Fund for such quarter (including assets attributable to any preferred shares of the Fund that may be outstanding); provided, however, that in the event that the contractual advisory fee rate payable by the Fund to John Hancock Xxxx Xxxxxxx Advisers or such xxxcxxxxx xr successor or affiliate under the Investment Advisory Agreement is reduced below 0.55%, the fee payable by John Hancock Xxxx Xxxxxxx Advisers to such Xxxd Xxxxxxng Lead Managing Underwriter shall be reduced in proportion to, and for the period of, such reduction of the advisory fee, and this Additional Compensation Agreement agreement shall be deemed to be amended automatically to reflect the same.
Appears in 2 contracts
Samples: Lead Managing (John Hancock Preferred Income Fund Iii), Lead Managing (John Hancock Preferred Income Fund Iii)
