Adviser Expenses definition

Adviser Expenses shall have the meaning set forth in Section 11(b).
Sample 1Sample 2Sample 3
Adviser Expenses means the costs and expenses of the Adviser’s normal operating overhead, including salaries of the Adviser’s employees and Senior Advisors (excluding salary, benefits, directors’ fees, stock options and other compensation received by Senior Advisors for serving in Portfolio Company Roles) and other expenses incurred in maintaining the Adviser’s place of business, but not including other Organizational and Offering Expenses or Fund Expenses; provided that, for the avoidance of doubt, Adviser Expenses shall not include any fees paid to New Mountain or its Affiliates for administrative services pursuant to the final sentence of the first paragraph of Section 1.7; provided further that, the Adviser will undertake to reduce and/or waive its management fee, or otherwise reimburse expenses to the Fund, in the amount of Excess Organizational and Offering Expenses and Excess Specified Expenses pursuant to the last paragraph of Section 1.7.
Sample 1Sample 2Sample 3
Adviser Expenses shall have the meaning set forth in Section 11(b). “Adviser Management Fee Securities” shall mean Adviser Management Fee Shares and Adviser Management Fee Units. “Adviser Management Fee Shares” shall mean Class I Common Shares, Class C Common Shares, Class F Common Shares and/or any other class of common stock of the Company, whether currently designated in the Charter or designated after the Effective Date, that is not registered under the Exchange Act at such time. “Adviser Management Fee Units” shall mean Class I units of the Operating Partnership, Class B units of the Operating Partnership, Class C units of the Operating Partnership, Class F units of the Operating Partnership and/or any other class of limited partnership interest of the Operating Partnership, whether currently set forth in the Operating Partnership Agreement or set forth after the Effective Date, that is not registered under the Exchange Act at such time or, under the terms of the Operating Partnership Agreement or other contractual right, convertible into or exchangeable for a corresponding class of common stock of the Company that is registered under the Exchange Act at such time. “Affiliate” shall have the meaning set forth in the Charter. “Average Invested Assets” shall have the meaning set forth in the Charter. “Blackstone” means, collectively, Blackstone Inc., a Delaware corporation, and any Affiliate thereof. “Board” shall mean the board of directors of the Company, as of any particular time. “Business Day” shall have the meaning set forth in the Charter.
Sample 1

Examples of Adviser Expenses in a sentence

  • All Adviser Expenses shall be paid by the Adviser or its Affiliates.

  • Managing Member Expenses and Investment Adviser Expenses shall not be treated as expenses of the Company and the payment thereof shall not be accounted for as contributions to or income of the Company and shall in no way affect the Capital Contributions or Capital Account of any Member hereunder.

  • Similarly, the Investment Adviser shall be solely responsible for and shall pay all Investment Adviser Expenses.


More Definitions of Adviser Expenses

Adviser Expenses shall have the meaning set forth in Section 11(b). “Affiliate” shall have the meaning set forth in the Charter. “Affiliated Funds” shall mean any Other Invesco Account in which the Company or the Operating Partnership holds an equity interest, including, without limitation, limited partnership interests and limited liability company interests. “Average Invested Assets” shall mean, for a specified period, the average of the aggregate book value of the Investments, before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period. “Board” shall mean the board of directors of the Company, as of any particular time. “Borrowing Costs” shall mean the costs and expenses incurred in connection with the borrowings of the Company, the Operating Partnership or any of their respective direct or indirect subsidiaries, including, but not limited to, costs associated with the establishment and maintenance of any of their respective credit facilities, other financing arrangements, or other indebtedness (including commitment fees, accounting fees, legal fees, closing and other similar costs) or any of their respective securities offerings (other than the offering of shares of stock of the Company). “Business Day” shall have the meaning set forth in the Charter.
Sample 1

Related to Adviser Expenses

  • Other Expenses means all the expenses of the Fund, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business, (e) investment management fees, (f) Rule 12b-1 fees, (g) transfer agent fees and service fees, (h) shareholder servicing fees, (i) borrowing costs, (j) prime brokerage fees, (k) acquired fund fees and expenses paid indirectly, and (l) short dividend expense. Fund Limit on Other Expenses Balanced Fund 0.20% Classic Value Fund 0.20% Emerging Markets Equity Fund 0.25% Financial Industries Fund 0.20% Fundamental Large Cap Core Fund 0.20% Infrastructure Fund 0.25% Regional Bank Fund 0.20% Seaport Long/Short Fund 0.20% Small Cap Core Fund 0.20% U.S. Global Leaders Growth Fund 0.20% Bond Fund 0.15% California Tax-Free Income Fund 0.15% Government Income Fund 0.15% High Yield Fund 0.15% High Yield Municipal Bond Fund 0.15% Income Fund 0.15% Tax-Free Bond Fund 0.15% Money Market Fund 0.15% * These fee waivers and/or expense reimbursements are voluntary and may be amended or terminated at any time by the Adviser on notice to the Trust. APPENDIX I Voluntary Money Market Fund Expense Limitation Agreement For Xxxx Xxxxxxx Money Market Fund, the Adviser and its affiliates may voluntarily waive a portion of their fees (including, but not limited to, distribution and service (Rule 12b-1) fees) and/or reimburse certain expenses to the extent necessary to assist the Fund in attempting to avoid a negative yield. In addition, the Adviser and its affiliates have voluntarily agreed to waive a portion of their fees (including, but not limited to, Rule 12b-1 fees) and/or reimburse certain expenses to the extent necessary to assist the fund in attempting to achieve a positive yield. These fee waivers and/or expense reimbursements are voluntary and may be amended or terminated at any time by the Adviser on notice to the Trust.

  • Administration Expenses means all fees, disbursements, expenses, costs, taxes and any other amounts incurred or payable by the Plaintiffs, Class Counsel or otherwise for the approval, implementation and operation of this Settlement Agreement, including the costs of notices, but excluding Class Counsel Fees and Class Counsel Disbursements.

  • Company Expenses has the meaning set forth in Section 11.3(a)(v).

  • Transaction Expenses means any fees or expenses incurred or paid by the Borrower or any Restricted Subsidiary in connection with the Transaction, this Agreement and the other Loan Documents and the transactions contemplated hereby and thereby.

  • Election expenses means expenses incurred, whether before, during or after the election, on account of, or in respect of, the conduct or management of the election.

  • Litigation Expenses means costs and expenses incurred in connection with commencing, prosecuting and settling the Action (which may include the costs and expenses of Plaintiffs directly related to their representation of the Settlement Class), for which Lead Counsel intends to apply to the Court for reimbursement from the Settlement Fund.

  • Liquidation Expenses With respect to a Mortgage Loan in liquidation, unreimbursed expenses paid or incurred by or for the account of the Master Servicer or the related Servicers, such expenses including (a) property protection expenses, (b) property sales expenses, (c) foreclosure and sale costs, including court costs and reasonable attorneys’ fees, and (d) similar expenses reasonably paid or incurred in connection with liquidation.

  • Reimbursable Expenses means all assignment-related costs [such as travel, translation, report printing, secretarial expenses, subject to specified maximum limits in the Contract].

  • Class Expenses means expenses incurred by a particular Class in connection with a shareholder services arrangement or a distribution plan that is specific to such Class or any other differing share of expenses or differing fees, in each case pursuant to a plan adopted by the Trust pursuant to Rule 18f-3 under the 1940 Act, as such plan or Rule may be amended from time to time;

  • Professional Fee Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses that Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.B of the Plan.