To the extent not paid by the Sponsor within sixty (60) days of any annual due date of an Annual ARR Fee, the Annual ARR Fee shall be paid by the Issuer pursuant to the priority of payments sets forth in Section 4.4 of the Sale and Servicing Agreement or Section 5.4(b) of the Indenture, as applicable.
Annual Fee has the meaning stated in Section 4.02(a).
Base Fee $60 million (Avg Daily Net Assets For Most Recent Month) * 0.45% * (31/365) = $22,931.51 Performance Fee: $40 million (Avg Daily Net Assets for rolling 12-month period) * -0.25% * (31/365) = $(8,493.15) Total Fulcrum Fee: $14,438.36 = $22,931.51 (Base Fee) - $8,493.15 (Performance Fee)
referral arrangement means any arrangement in which a registrant agrees to pay or receive a referral fee;
Annual Fees means the annual fees determined by the Council in terms of section 27;
Annual income means all amounts, monetary or not, which:
Developer Fee means the fee earned by the Developer.
Base Management Fee means the base management fee, calculated and payable monthly in arrears, in an amount equal to one-twelfth of 1.00% of Equity.