Sponsor Fee. (i) The Trust shall pay to the Sponsor a unified fee (the “Sponsor Fee”) as set forth in the Sponsor Agreement. The Sponsor Fee will be calculated daily, accrued daily in ether and be payable monthly in ether or cash. The Sponsor may agree to waive or reduce the Sponsor Fee in its sole discretion without Shareholder consent or approval.
(ii) Except as provided in Section 6.8(a)(iv), to cause the Trust to pay the Sponsor Fee, the Sponsor shall instruct the Custodian to withdraw the number of ether or cash equal to the accrued but unpaid Sponsor Fee and transfer such ether or cash to the Sponsor’s account at such times as the Sponsor determines in its absolute discretion.
(iii) After the payment of the Sponsor Fee to the Sponsor, the Sponsor may elect to convert the ether it receives into U.S. Dollars. The Shareholders acknowledge that the rate at which the Sponsor converts such ether to U.S. Dollars may differ from the Benchmark. The Trust shall not be responsible for any fees and expenses incurred by the Sponsor to convert ether received in payment of the Sponsor Fee into U.S. Dollars.
(iv) The Sponsor may, from time to time, temporarily waive all or a portion of the Sponsor Fee in its sole discretion.
(v) As partial consideration for receipt of the Sponsor Fee, the Sponsor shall assume and pay all fees and other expenses incurred by the Trust in the ordinary course of its affairs, excluding taxes, but including: (i) the Distributor Fee; (ii) the Administrator Fee; (iii) the Custodian Fee; (iv) the Transfer Agent Fee; (v) the Trustee fee; (vi) the fees and expenses related to the listing, quotation or trading of the Shares on any Secondary Market (including customary marketing expenses); (vii) ordinary course legal fees and expenses; (viii) audit fees; (ix) regulatory fees, including, if applicable, any fees relating to the registration of the Shares under the Securities Act or the Exchange Act; (x) printing and mailing costs; (xi) costs of maintaining the Trust’s website and (xii) applicable license fees (each, an “Sponsor-paid Expense” and, together, the “Sponsor-paid Expenses”), provided that any expense that qualifies as an Extraordinary Expense as set forth in Section 6.8(b) shall be deemed to be an Extraordinary Expenses and not a Sponsor-paid Expense.
Sponsor Fee. As of the last day of each month, an amount equal to the following percentage of each Capital Account of each Member as of the last business day of such month, after taking into account the allocation of Net Capital Appreciation or Net Capital Depreciation to such Member's Capital Accounts effective as of the end of such month, but before any redemptions or distributions or the Incentive Allocation effective as of the end of such month, shall be deducted from each Capital Account of each Member and paid to the Manager (the “Sponsor Fee”):
(a) with respect to the Class 0 Units of the Core Macro Portfolio, one-twelfth of one half of one percent (0.50%); and
(b) with respect to the Class 2 Units of the Core Macro Portfolio, one-twelfth of one and one quarter percent (1.25%).
Sponsor Fee. (i) The Trust shall pay to the Sponsor a fee (the “Sponsor fee”), payable in bitcoin, which shall accrue daily in U.S. Dollars at an annual rate equal to a percentage, to be determined by the Sponsor, of the Bitcoin Holdings of the Trust as of 4:00 p.m. Eastern Time on each day, provided that for a day that is not a Business Day, the calculation shall be based on the Index from the most recent Business Day. The amount of bitcoin payable in respect of each daily U.S. Dollar accrual shall be determined by reference to the same Index used to determine such accrual. The Sponsor fee is payable to the Sponsor weekly in arrears.
(ii) To cause the Trust to pay the Sponsor fee, the Sponsor shall instruct the Bitcoin Custodian to withdraw from the Custody Wallet the number of bitcoin equal to the accrued but unpaid Sponsor fee and transfer such bitcoin to an account maintained by the Bitcoin Custodian for the Sponsor at such times as the Sponsor determines in its absolute discretion.
(iii) After the payment of the Sponsor fee to the Sponsor, the Sponsor may elect to convert the Sponsor fee into U.S. Dollars. The Shareholders acknowledge that the rate at which the Sponsor converts such bitcoin to U.S. Dollars may differ from the rate at which the Sponsor fee was initially converted into bitcoin. The Trust shall not be responsible for any fees and expenses incurred by the Sponsor to convert bitcoin received in payment of the Sponsor fee into U.S. Dollars.
(iv) As partial consideration for receipt of the Sponsor fee, the Sponsor shall assume and pay all fees and other expenses incurred by the Trust in the ordinary course of its affairs, excluding taxes, but including (i) fees to the Sub-Adviser; (ii) the Marketing Fee, (iii) the Administrator Fee, if any, (iv) the Bitcoin Custodian Fee, (v) the Transfer Agent Fee, (vi) the Trustee fee, (vii) the fees and expenses related to any future listing, trading or quotation of the Shares on any listing exchange or quotation system (including legal, marketing and audit fees and expenses), (viii) ordinary course legal fees and expenses that are not litigation-related, up to $100,000 per annum,(ix) audit fees, (x) regulatory fees, including if applicable any fees relating to the registration of the Shares under the Securities Act or Exchange Act, (xi) printing and mailing costs; (xii) costs of maintaining the Trust’s website and (xiii) applicable license fees (each, a “Sponsor-paid Expense” and together, the “Sponsor-paid Expenses”...
Sponsor Fee. As of the last day of each month, an amount equal to the following percentage of each Capital Account of each Member holding Class 0 Units or Class 2 Units as of the last business day of such month, after taking into account the allocation of Net Capital Appreciation or Net Capital Depreciation to such Member's Capital Accounts effective as of the end of such month, but before any redemptions or distributions or the Incentive Allocation effective as of the end of such month, shall be deducted from each Capital Account of each Member and paid to the Manager (the “Sponsor Fee”):
(a) with respect to the Class 0 Units of the Core Macro Portfolio, one-twelfth of one half of one percent (0.50%); and
(b) with respect to the Class 2 Units of the Core Macro Portfolio, one-twelfth of one and one quarter percent (1.25%).
Sponsor Fee. (a) On the Closing Date, the Company shall make indefeasible payment of the Sponsor Fee to Harbinger. Payment of the Sponsor Fee shall be satisfied by issuance by the Company of 2,641,000 shares of Voting Common Stock (the "Sponsor Fee Shares") to Harbinger Master, Harbinger Special, Harbinger Fund, Harbinger Satellite Fund and/or one or more Harbinger Designees (such entity or entities referred to as the "Sponsor Fee Payees"), as directed by Xxxxxxxxx in written notice to the Company at least one (1) Business Day prior to Closing Date.
(b) Prior to payment of the Sponsor Fee, Harbinger shall deliver to the Company properly executed Internal Revenue Service Forms W-9, W-8ECI or W-8BEN (or applicable successor form), or W-8IMY (or applicable successor form) (with all required attachments) (and all applicable state and local forms and certificates), along with such other certificates, documents and information the Company determines necessary in connection with the Company's determination of its obligation to withhold Tax in respect of the Sponsor Fee. Except to the extent provided in the immediately following sentence, such forms and, in the case of a Form W-8IMY, any Forms W-9, W-8ECI or W-8BEN furnished therewith (or with any other Forms W-8IMY furnished therewith), and, as relevant, any other certificates, documents or information requested by the Company in connection therewith, shall establish a complete exemption from United States withholding Taxes (and other applicable Taxes collected through withholding or deductions from amounts payable) in respect of the Sponsor Fee. Notwithstanding the preceding sentence, if Harbinger is unable to deliver forms, certifications, documents and other information establishing a complete exemption from withholding of such Taxes, prior to the Company's payment of the Sponsor Fee Harbinger shall deliver to the Company cash, by wire transfer of immediately available funds, in an amount determined by the Company, based on the information set forth in such forms, certifications, documents and information, which the Company shall promptly remit to the Internal Revenue Service (or other relevant Taxing Authority, as applicable) in payment of the Taxes otherwise required to be withheld or deducted with respect to the Sponsor Fee. If the Internal Revenue Service (or other relevant Taxing Authority) prevails in any claim or proceeding that additional withholding Taxes are due in respect of the Sponsor Fee, Harbinger shall coop...
Sponsor Fee. As of the last day of each month, an amount equal to one-twelfth of one percent (1.0%) of each Capital Account of each Member as of the last business day of such month, after taking into account the allocation of Net Capital Appreciation or Net Capital Depreciation to such Member’s Capital Accounts effective as of the end of such month, but before any redemptions or distributions or the Incentive Allocation effective as of the end of such month, shall be deducted from each Capital Account of each Member and paid to the Manager (the “Sponsor Fee”).
Sponsor Fee. The Company shall further pay to the Sole Sponsor a sponsorship and documentation fee and such other fees and expenses of such amount and in such manner as have been separately agreed between the Company (or any member of the Group) and the Sole Sponsor pursuant to and in accordance with the terms of the Sponsor and Sponsor-OC Engagement Agreements.
Sponsor Fee. The Company, the Global Co-ordinator, the Initial Underwriters and the Additional Underwriters agree that the last sentence in Clause 10.1 of the Underwriting Agreement as set out below: “In addition, the Company shall pay to the Sponsor in consideration for its services under this Agreement a fee of GBP 1,553,656 or, if Admission occurs on or after 4 October 0000, XXX 553,656 (the “Sponsor Fee”)”, shall be deleted in its entirety and replaced with the following: “In addition, the Company will pay to the Sponsor a fee of up to GBP 1,553,656 (the “Sponsor Fee”) in consideration for its services under this Agreement. Any payment made to the Sponsor pursuant to the foregoing shall be based upon the Company’s assessment, in its absolute discretion, of the Sponsor’s performance in its capacity as sponsor in connection with the Rights Issue and Admission.”
Sponsor Fee. The Sponsor Fee is $2,000.00.
Sponsor Fee. The Fund will pay a sponsor fee (the “Sponsor Fee”) to the Sponsor with respect to each Class . Each Class A Shareholder will be charged a Sponsor Fee equal to 0.125% of the average aggregate month-end Net Asset Values of each Class A Shares held by such Shareholder that remain outstanding during the month (a 1.5% annual rate). Each Class B Shareholder will be charged a Sponsor Fee equal to 0.0833% of the average aggregate month-end Net Asset Values of each Class B Share held by such Shareholder that remain outstanding during the month (a 1.0% annual rate). The Sponsor may pay Selling Agents a portion of its Sponsor Fees and other Selling Agents may receive a portion of the Distribution Fee payable on Class A Shares.
