Common use of Reinvestment of Management Fees Clause in Contracts

Reinvestment of Management Fees. (a) Pursuant to the terms set forth in the Management Agreement, the Manager or any of its Affiliates may reinvest an amount equal to any of the Net Base Management Fee or the Net Performance Fee in this Trust by the acquisition of additional CBFIs issued by the Trustee, precisely in the terms set forth in the Management Agreement, with the prior authorization of the Ordinary Holders Meeting. For such purposes, on the date on which the reinvestment of any of the Management Fees is carried out in the terms of the Management Agreement, and pursuant to the prior written instructions of the Manager (with the prior authorization of the Ordinary Holders Meeting), the Trustee shall issue the relevant CBFIs in favor of the Manager or its relevant Affiliates, which shall be privately placed pursuant to Article 8 of the LMV. The price of the CBFIs that shall be acquired by the Manager or any of its Affiliates shall be determined pursuant to paragraph (a) of Section 3.5(ix), and shall be approved by the Ordinary Holders Meeting that approves the Additional Issuance of CBFIs related to such reinvestment of the Management Fees.