ANNUAL MINIMUM FEE definition
ANNUAL MINIMUM FEE means $900,000 for each fiscal year of this Agreement.
ANNUAL MINIMUM FEE. The Annual Minimum Fee for the Fund Complex during the first year of fund operations shall be $75,198. Thereafter, the Fund Complex will be subject to an Annual Minimum Fee of $100,000, provided that the Fund Complex has one portfolio. In addition, the Annual Minimum Fee shall be increased by $100,000, allocable among all of the portfolios, for each additional portfolio established after the date hereof; and $15,000, allocable among all of the portfolios, for each additional class of shares established after the date hereof.
ANNUAL MINIMUM FEE. (The Administration and Accounting Fee assumes a tiered minimum fee per fund as follows):
Examples of ANNUAL MINIMUM FEE in a sentence
ANNUAL MINIMUM FEE The Administrative, Fund Accounting and Transfer Agency Fees set forth above are subject to an annual complex minimum of $125,000.
In no event shall any ANNUAL MINIMUM FEE for any ANNUAL PERIOD under this Section 2.01(d) or any portion thereof be refunded to LICENSEE or credited towards royalties due for any other ANNUAL PERIOD.
REQUESTED CONFIDENTIAL TREATMENT DEFINITIONS APPENDIX GENERAL DEFINITIONS: ANNUAL MINIMUM FEE has the meaning assigned in Section 2.01(d) hereof.
More Definitions of ANNUAL MINIMUM FEE
ANNUAL MINIMUM FEE. The initial Annual Minimum Fee shall be $125,000 per Fund The foregoing Annual Minimum Fee assumes that each Fund includes two classes of shares of beneficial interest (each, a "CLASS"). In the event a fund is comprised of more than two Classes, the Fund will be assessed an additional annual fee equal to $15,000 per Class. For each sub-advisor appointed in respect of a Fund, an additional annual fee of $25,000 per sub-advisor shall be assessed. To the extent that the Investment Advisor or a sub-advisor manage more than one investment strategy (each a "SLEEVE") within a Fund, an additional annual fee of $10,000 shall be assessed for each additional sleeve for which SEI will provide separate accounting and reporting. NEW FUND FEES: There will be a one-time additional service charge of $15,000 for services provided by Administrator in assisting and coordinating the launch of each new Fund on behalf of the Investment Advisor, such fee to be paid by the Investment Advisor by electronic wire transfer of immediately available funds to the wire instructions set forth below in advance of Administrator beginning performance of the new Fund organizational services. [Redacted] INVESTMENT ADVISOR To the extent that the Board of Trustees of the Trust (the "BOARD") MAINTENANCE FEE: has approved a Fund within the Series and approved the Investment Advisor as the Fund's advisor, and such Fund is not Live (as defined below) by the date that is the three month anniversary of the date of the last such approval (the "APPROVAL DATE"), then the Investment Advisor shall pay SEI a relationship maintenance fee equal to $1,000 per month for each month that the Fund is not Live and such fee shall be retroactive to include each of the first three months following the Approval Date. For purposes of the foregoing, a Fund shall be deemed to be "Live" as of the date on which Administrator first calculates such Fund's official net asset value.
ANNUAL MINIMUM FEE. The Annual Minimum Fee shall be $150,000 per portfolio. In addition, the Annual Minimum Fee shall be increased by $25,000 for each additional class established after the date hereof.
ANNUAL MINIMUM FEE. The Annual Minimum Fee shall be $125,000 per Fund, and shall be payable by a Fund in the event that for any month, the accrued asset based fees for such Fund do not exceed $10,416.67. The foregoing Annual Minimum Fees assume that each Fund includes up to two classes of shares of beneficial interest (each, a “Class”). In the event a Fund is comprised of more than two Classes, such Fund will be assessed an additional annual fee equal to $15,000 per Class in excess of two.
ANNUAL MINIMUM FEE. The initial Annual Minimum Fee shall be $100,000 for each Fund with either a Core Plus or High Yield investment strategy, $110,000 for each Fund with a Multi-Sector investment strategy, and $100,000 for each Fund with an Equity Growth Plus investment strategy. The foregoing Annual Minimum Fees assume that each Fund includes one class of shares of beneficial interest (each, a "Class"). In the event a Fund is comprised of more than one Class, the Fund will be assessed an additional annual fee equal to $10,000 per Class.
ANNUAL MINIMUM FEE. The initial Annual Minimum Fee shall be as follows:
ANNUAL MINIMUM FEE for each Avail Year means the applicable amount set forth in Schedule B with respect to the applicable Approved System. Licensee represents and warrants that it has not granted higher annual minimum fees to any other licensor in the Territory. If Licensee grants a higher annual minimum fee to any other licensor in the Territory, then such higher annual minimum fee shall be offered to Licensor.