WAIVER OF MANAGEMENT FEES Sample Clauses

WAIVER OF MANAGEMENT FEES. OWNIT shall waive any claim to any management fees under the Management Agreement as amended.
Sample 1
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WAIVER OF MANAGEMENT FEES. Advisors hereby agrees to waive a portion of its fees under the Investment Management Agreement for the following Funds, as reflected below: Share Class (current net expense ratios) Voluntary Waiver Share Class (net expense ratios post-waiver) Fund Institutional Advisor Premier Retirement Retail (applies to all share classes) Institutional Advisor Premier Retirement Retail Enhanced Large-Cap Growth Index Fund 0.34% 0.43% N/A N/A N/A 0.02% 0.32% 0.41% N/A N/A N/A Enhanced Large-Cap Value Index Fund 0.34% 0.43% N/A N/A N/A 0.02% 0.32% 0.41% N/A N/A N/A Short-Term Bond Index Fund 0.12% 0.21% 0.27% 0.37% 0.42% 0.07% 0.05% 0.14% 0.20% 0.30% 0.35%
Sample 1
WAIVER OF MANAGEMENT FEES. BGL and BGLS hereby waive any right to payments from the Company under the agreements set forth in Section 4.09(iv) of the Indenture in excess of $3,600,000 cumulatively and in the aggregate during any calendar year commencing with January 1, 1998.
Sample 1
WAIVER OF MANAGEMENT FEES. Under the terms of the Management Agreement, BV is entitled to receive a management fee equal to the greater of (a) 1% of the Company's gross monthly sales (not to exceed $2,083.33 per month) or (b) $2,083.33 per month. Immediately following the date the Registration Statement is declared effective by the Securities and Exchange Commission, FFFL shall pay BV the amount of $45,833.26, representing management fees accrued from September 1, 1997, through June 30, 1999, and BV shall waive any other management fees payable under the Management Agreement. Notwithstanding the foregoing waiver of management fees, BV shall be entitled to submit vouchers or invoices for out-of-pocket expenses incurred by BV or its members who rendered services in connection with the performance of the Management Agreement.
Sample 1
WAIVER OF MANAGEMENT FEES. During the term of this Agreement, the Adviser shall reduce or waive a portion of the management fees paid by each Fund, such that the effective management fees payable by that Fund to the Adviser on an annual basis shall be equal to the amount set forth in Schedule B hereto.
Sample 1

Related to WAIVER OF MANAGEMENT FEES

  • Payment of Management Fee To facilitate the payment of the Management Fee as provided in Section 5.1 hereof, the Practice hereby expressly authorizes Professional Business Manager to make withdrawals of the Management Fee from the Professional Practice Account as such fee becomes due and payable during the Term in accordance with Section 3.10(a) and after termination as provided in Section 6.3. Professional Business Manager shall deliver to the Practice an invoice for the Management Fee accompanied by a reasonably detailed statement of the information upon which the Management Fee calculation is based.

  • Receipt of Management Fees Property Manager will not be obligated to return or refund to Lender any Management Fees or other fee, commission or other amount received by Property Manager prior to the occurrence of the Event of Default, and to which Property Manager was entitled under the Management Agreement. If the Property Manager receives any Management Fees after it has received notice of an Event of Default, Property Manager agrees that such Management Fees will be received and held in trust for Lender, to be applied by Lender to amounts due under the Loan Documents.

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

  • Compensation of Managers Except as may be expressly provided for herein or hereafter approved by the Member, no payment will be made by the Company to any Manager for the services of such Manager or any partner or employee of the Manager.

  • Management Fees (a) In consideration of the services provided by the Investment Manager, each class of a Fund shall pay to the Investment Manager a management fee that is calculated as described in this Section 6 using the fee schedules described herein.

  • Compensation of Manager For the services to be rendered and the facilities to be provided by the Manager hereunder, the Trust shall pay to the Manager from the assets of each Fund a management fee computed daily and paid monthly at an annual rate equal to the lesser of (i) that percentage of that Fund's average daily net assets for the Fund's then-current fiscal year set forth opposite the Fund's name on Schedule A annexed hereto (the "Aggregate Management Fee"), minus that Fund's Aggregate Subadviser Fee (as defined below), if any, and (ii) the difference between that Fund's Aggregate Management Fee for the Fund's then-current fiscal year and the aggregate management fees allocated to that Fund for the Fund's then-current fiscal year from the registered investment company portfolios in which it invests (for which the Manager or an affiliate serves as investment adviser). To the extent that any Fund's Aggregate Subadviser Fee exceeds that Fund's Aggregate Management Fee, the Manager shall pay such amount to the applicable subadvisers on the Fund's behalf. A Fund's Aggregate Subadviser Fee is the aggregate amount payable by that Fund to subadvisers pursuant to agreements between the Trust on behalf of the Fund and the subadvisers. If the Manager provides services hereunder for less than the whole of any period specified in this Section 3, the compensation to the Manager shall be accordingly adjusted and prorated.

  • Obligations of Management Each officer and key employee of the Company is currently devoting substantially all of his or her business time to the conduct of the business of the Company. The Company is not aware that any officer or key employee of the Company is planning to work less than full time at the Company in the future. No officer or key employee is currently working or, to the Company’s knowledge, plans to work for a competitive enterprise, whether or not such officer or key employee is or will be compensated by such enterprise.

  • Assignment of Management Agreement As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

  • OBLIGATIONS OF MANAGER; RESTRICTIONS (a) The Manager shall require each seller or transferor of investment assets to the Company to make such representations and warranties regarding such assets as may, in the judgment of the Manager, be necessary and appropriate. In addition, the Manager shall take such other action as it deems necessary or appropriate with regard to the protection of the Investments.

  • Termination of Manager If (a) the amounts evidenced by the Note have been accelerated pursuant to Section 8.1(b) hereof, (b) the Manager shall become insolvent, (c) the Manager is in default under the terms of the Management Agreement beyond any applicable grace or cure period, or (d) Manager is not managing the Property in accordance with the management practices of nationally recognized management companies managing similar properties in locations comparable to those of the Property, then, in the case of (a), (b), (c) or (d), Borrower shall, at the request of Lender, terminate the Management Agreement and replace the Manager with a manager reasonably approved by Lender on terms and conditions reasonably satisfactory to Lender, it being understood and agreed that the management fee for such replacement manager shall not exceed then prevailing market rates. In addition and without limiting the rights of Lender hereunder or under any of the other Loan Documents, in the event that (i) the Management Agreement is terminated, (ii) the Manager no longer manages the Property, or (iii) a receiver, liquidator or trustee shall be appointed for Manager or if Manager shall be adjudicated a bankrupt or insolvent, or if any petition for bankruptcy, reorganization or arrangement pursuant to federal bankruptcy law, or any similar federal or state law, shall be filed by or against, consented to, or acquiesced in by, Manager, or if any proceeding for the dissolution or liquidation of Manager shall be instituted, then Borrower (at Borrower's sole cost and expense) shall immediately, in its name, establish new deposit accounts separate from any other Person with a depository satisfactory to Lender into which all Rents and other income from the Property shall be deposited and shall grant Lender a first priority security interest in such account pursuant to documentation satisfactory in form and substance to Lender.

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