Adviser Management definition
Examples of Adviser Management in a sentence
The compensation to Adviser (Management Fee) for its services under this Agreement shall be calculated and paid in accordance with the attached Schedule of Fees which may be amended from time to time by Adviser upon thirty (30) days written notice to Client.
The compensation to Adviser (Management Fee) for its services under this Agreement shall be calculated and paid in accordance with the attached Schedule of Fees which may be amended from time to time by Adviser upon thirty (30) days written notice to Client and any such amendment shall be binding on Client.
The Adviser will have the option of exchanging Adviser Management Fee Securities for an equivalent aggregate NAV amount of Adviser Management Fee Securities of another class of shares/Operating Partnership units, other than Class I Common Shares and Class I units of the Operating Partnership, and will have registration rights with respect to Shares (including any Shares received in exchange for any Adviser Management Fee Securities).
Since the Trading Adviser Management Fees are based on the Allocated Asset to the respective Trading Adviser regardless of the actual Net Asset Value of the relevant Sub-Fund and since a Sub- Fund’s total Allocated Assets may significantly exceed the net assets of the Sub-Fund, the Trading Adviser Management Fees payable by the Sub-Fund as a percentage of the Sub-Fund’s net assets may significantly exceed Trading Advisory Fees stated in the relevant Sub-Fund Particulars.
The OP Management Fee may be paid, at the Adviser’s election, in cash or cash equivalent aggregate NAV amounts of Adviser Management Fee Units or any combination thereof.
The Trading Adviser Management Fee rates payable to the Trading Advisers may range from 0% to 2% of the Allocated Assets on an annualized basis, and the Trading Adviser Performance Fee payable to the Trading Advisers may range from 0% to 30% (or more, for certain Underlying Funds) of new Trading Profits.
For example, a 2% Trading Adviser Management Fee will be equivalent to 3% of the actual net assets assuming that a Sub-Fund’s Allocated Assets equals 150% of the Sub-Fund’s net assets.
The Company, in respect of a particular Sub-Fund, will normally pay each Trading Adviser a management fee (“Trading Adviser Management Fee”) and/or a performance fee (“Trading Adviser Performance Fee”) the latter being only due to the extent that the Trading Adviser or Sub-Fund as the case may be achieves new Trading Profits.
Such Adviser Management Fee Securities (including any Shares or Operating Partnership units received in exchange for any Adviser Management Fee Securities) obtained by the Adviser or any subsequent transferee will not be subject to the repurchase limits of the Company’s share repurchase plan or any reduction or penalty for an early repurchase.
Trading Adviser Management Fees are generally calculated and paid monthly, but in certain cases may be paid quarterly or annually.