Common use of Payment of Management Compensation Clause in Contracts

Payment of Management Compensation. Management Compensation will be paid in [number of installments per year] installments on the [specify day] business day of each [fiscal period] with each installment to be equal to [state formula for installments].18 Within _____ (__) days after (i) the end of each fiscal year of the Partnership, (ii) the date of its dissolution and (iii) the date a person ceases to be Investment Adviser/Manager, appropriate adjustment (by way of payment or refund) will be made so that the management fee paid with respect to the fiscal year then ended or the period from the end of the last fiscal year to the date set forth in clause (ii) or (iii) will be equal to the management fee calculated on a daily basis under Section 3.5(a) for such period. Partnership Expenses.19

Payment of Management Compensation. Management Compensation will be paid in [number of installments per year] installments on the [specify day] business day of each [fiscal period] with each installment to be equal to [state formula for installments].18 Within _____ (__) days after (i) the end of each fiscal year of the Partnership, (ii) the date of its dissolution and (iii) the date a person ceases to be Investment Adviser/Manager, appropriate adjustment (by way of payment or refund) will be made so that the management fee paid with respect to the fiscal year then ended or the period from the end of the last fiscal year to the date set forth in clause (ii) or (iii) will be equal to the management fee calculated on a daily basis under Section 3.5(a(a) for such period. Partnership Expenses.19

Payment of Management Compensation. Management Compensation will be paid in [number of installments per year] installments on the [specify day] business day of each [fiscal period] with each installment to be equal to [state formula for installments].18 Within _____ (__) days after (i) the end of each fiscal year of the Partnership, (ii) the date of its dissolution and (iii) the date a person ceases to be Investment Adviser/Manager, appropriate adjustment (by way of payment or refund) will be made so that the management fee paid with respect to the fiscal year then ended or the period from the end of the last fiscal year to the date set forth in clause (ii) or (iii) will be equal to the management fee calculated on a daily basis under Section 3.5(a3.05(a) for such period. Partnership Expenses.19