Common use of Support Services Fees Clause in Contracts

Support Services Fees. (a) The Fund shall pay the Advisor a fee (the “Support Services Fee”) equal to the annualized rate of .20% of the Fund’s average daily net assets. The level of the Support Services Fee shall be irrespective of the cost of the fees and expenses incurred by the Advisor under Section 2 above. The Support Services Fee shall be accrued daily and paid monthly. (b) In the event that, for any reason, this Agreement is in effect for a period of less than a full calendar month, the Support Services Fee with respect to that month shall be pro rata based upon the number of calendar days during which it is in effect.

Appears in 1 contract

Samples: Support Services Agreement (GoodHaven Funds Trust)

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Support Services Fees. (a) The Fund shall pay the Advisor a fee (the “Support Services Fee”) equal to the annualized rate of .20% of the Fund’s average daily net assets. The level of the Support Services Fee shall be irrespective of the cost of the fees and expenses incurred by the Advisor under Section 2 above. The Support Services Fee shall be accrued daily and paid monthly. (b) In the event that, for any reason, this Agreement is in effect for a period of less than a full calendar month, the Support Services Fee with respect to that month shall be pro pro-rata based upon the number of calendar days during which it is in effect.

Appears in 1 contract

Samples: Support Services Agreement (Professionally Managed Portfolios)

Support Services Fees. (a) The Fund shall pay the Advisor a fee (the “Support Services Fee”) equal to the annualized rate of .20% of the Fund’s average daily net assets. The level of the Support Services Fee shall be irrespective of the cost of the fees and expenses incurred by the Advisor under Section 2 above. The Support Services Fee shall be accrued daily and paid monthly. (b) In the event that, for any reason, this Agreement is in effect for a period of less than a full calendar month, the Support Services Fee with respect to that month shall be pro pro­ rata based upon the number of calendar days during which it is in effect.

Appears in 1 contract

Samples: Support Services Agreement (GoodHaven Funds Trust)

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Support Services Fees. (a) The Fund shall pay the Advisor a fee (the “Support Services Fee”) equal to the annualized rate of .200.20% of the Fund’s average daily net assets. The level of the Support Services Fee shall be irrespective of the cost of the fees and expenses incurred by the Advisor under Section 2 above. The Support Services Fee shall be accrued daily and paid monthly. (b) In the event that, for any reason, this Agreement is in effect for a period of less than a full calendar month, the Support Services Fee with respect to that month shall be pro pro-rata based upon the number of calendar days during which it is in effect.

Appears in 1 contract

Samples: Support Services Agreement (Professionally Managed Portfolios)

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