FEE WAIVER AGREEMENT
Exhibit (h)(xx)
This Agreement is entered into as of [DATE], 2025 by and between Xxxxx Capital Credit, LLC (the “Adviser”) and FundVantage Trust (the “Trust”), on behalf of the Xxxxx Floating Rate Income ETF and the Xxxxx High Income ETF (each, an “ETF” and collectively, the “ETFs”), separately and not jointly.
WHEREAS, the Adviser desires to waive 0.10% (10 basis points) of its advisory fee with respect to each ETF, the amount of which is set forth in Schedule B to the Investment Advisory Agreement between the Adviser and the Trust on behalf of the ETFs, dated [___], 2025 (the “Contractual Advisory Fee”);
NOW, THEREFORE, the parties agree as follows:
Fee Waiver. The Adviser agrees to waive 0.10% (10 basis points) of its Contractual Advisory Fee.
Term. The waiver of the Contractual Advisory Fee contemplated in this Agreement shall be effective from the commencement of investment operations (the “Commencement Date”) and continue for one year after the Commencement Date (the “Term”). The parties may extend, modify, renew, or revise this Agreement by mutual written agreement; provided, however, that the Adviser may not terminate this Agreement before the end of the Term without the consent of the Board of Trustees of the Trust. This Agreement shall terminate on the one year anniversary of the Commencement Date, or at an earlier date upon the discretion of the Board of Trustees of the Trust, unless extended, terminated, modified or revised by the mutual agreement of the parties, as provided for in writing.
Counterparts. This agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
Effective as of the date first set forth above.
Xxxxx Capital Credit, LLC | ||
By: | ||
Name: | Xxxxxx X. XxXxxxxx | |
Title: | General Counsel | |
FundVantage Trust, on behalf of each ETF | ||
By: | ||
Name: | Xxxx X. Xxxxx | |
Title: | President |