Common use of Payment of Additional Compensation Clause in Contracts

Payment of Additional Compensation. (a) The Advisor shall pay the Additional Compensation, quarterly in arrears, to the Lead Managing Underwriter in an amount equal to the product of (i) one-quarter of the "Applicable Percentage Factor" as set forth on Schedule A hereto times (ii) the sum of the Fund's net asset value attributable to the Fund's outstanding common shares, plus the liquidation preference of the Fund's outstanding preferred shares plus the principal amount of any borrowings evidenced by notes, commercial paper or other similar instruments issued by the Fund ("Average Daily Managed Assets"), net of Average Daily Managed Assets for such quarter.

Payment of Additional Compensation. (a) The Advisor shall pay the Additional Compensation, quarterly in arrears, to the each Lead Managing Underwriter in an amount equal to the product of (i) one-quarter of the "Applicable Percentage Factor" as set forth on Schedule A hereto times (ii) the sum of the Fund's net asset value attributable to the Fund's outstanding common shares, plus the liquidation preference of the Fund's outstanding preferred shares plus the principal amount of any borrowings evidenced by notes, commercial paper or other similar instruments issued by the Fund ("Average Daily Managed Assets"), net of Average Daily Managed Assets Assets, plus a proportionate amount of leverage, attributable to common shares sold to affiliates of the Advisor in the Offering, for such quarter.

Payment of Additional Compensation. (a) The Investment Advisor shall pay the Additional Compensation, quarterly in arrears, to the Lead Managing Underwriter in an amount equal to the product of (i) one-quarter of the "Applicable Percentage Factor" as set forth on Schedule A hereto times (ii) the sum of the Fund's net asset value attributable to the Fund's outstanding common shares, plus the liquidation preference of the Fund's outstanding preferred shares plus the principal amount of any borrowings evidenced by notes, commercial paper or other similar instruments issued by the Fund ("Average Daily Managed Assets"), net of Average Daily Managed Assets for such quarter.

Payment of Additional Compensation. (a) The Advisor shall pay the Additional Compensation, quarterly in arrears, to the each Lead Managing Underwriter in an amount equal to the product of (i) one-quarter of the "Applicable Percentage Factor" as set forth on Schedule A hereto times (ii) the sum of the Fund's net asset value attributable to the Fund's outstanding common shares, plus the liquidation preference of the Fund's outstanding preferred shares plus the principal amount of any borrowings evidenced by notes, commercial paper or other similar instruments issued by the Fund ("Average Daily Managed Assets"), net of Average Daily Managed Assets ) for such quarter.