Common use of SUB-ADVISORY FEES Clause in Contracts

SUB-ADVISORY FEES. For all of the services rendered with respect to the Fund as herein provided, the Adviser shall pay to the Sub-Adviser, with respect to the Fund Assets, a fee (the payment of which the Fund shall have no obligation or liability), at an annual rate based on the average daily net assets of the Fund as set forth in Schedule A attached hereto and made a part hereof. The Fee will be calculated as of the last business day of each month based upon the average daily net assets of the Fund determined in the manner described in the Fund’s Prospectus and/or Statement of Additional Information, and will be paid to the Sub-Adviser by the Adviser within a specified period of time at the conclusion of each month as agreed to between the Adviser and the Sub-Adviser. If this Agreement is effective for only a portion of a month with respect to the Fund, then the Fee will be prorated for the portion of such month during which this Agreement is in effect for the Fund.