Waiver or Deferral of Fees. The Advisor shall have the right to elect to temporarily or permanently waive or defer all or a portion of the Base Management Fee or Incentive Fee that would otherwise be paid to it. Prior to the payment of any fee to the Advisor, the Company shall obtain written instructions from the Advisor with respect to any waiver or deferral of any portion of such fees. Any portion of a deferred fee payable to the Advisor and not paid over to the Advisor with respect to any month, calendar quarter or year shall be deferred without interest and may be paid over in any such other month prior to the occurrence of termination of this Agreement, as the Advisor may determine upon written notice to the Company. Any of the fees payable to the Advisor under this Agreement for any partial month or calendar quarter shall be appropriately prorated.
Appears in 6 contracts
Samples: Investment Advisory and Administrative Services Agreement (Terra Income Fund 6, Inc.), Investment Advisory and Administrative Services Agreement (Terra Income Fund 6, Inc.), Investment Advisory and Administrative Services Agreement (Terra Income Fund 6, Inc.)
