Asset-Based Fee definition
Asset-Based Fee. For any month that the Fund has average net assets of more than $50 million in any particular month, a monthly fee equal to the average net assets of the Fund for that month multiplied by the Asset-Based Fee Rate. The "Asset-Based Fee Rate" shall be calculated as follows: [(number of stand-alone funds and master funds on Schedule A x $105,000) + (number of feeder funds on Schedule A x $12,000) - (annual flat fees payable by each fund on Schedule A)] / (average monthly net assets of all stand-alone funds and feeder funds on Schedule A with average monthly net assets of more than $50 million in that month) [Note: certain of the funds listed on Schedule A are not party to the Agreement but are listed for the purpose of calculating the Asset-Based Fee Rate.] The Fund also shall reimburse Columbia Management for any and all out-of-pocket expenses and charges, including fees payable to third parties for pricing the Fund's portfolio securities, in performing services under this Agreement.
Asset-Based Fee shall have the meaning set forth in Section 6(a).
Asset-Based Fee means the fee, which is payable to the General Partner each year for advising the Partnership and managing its investments, equal to (i) 0.75% of the Partnership's Base Amount for such year and (ii) 0.5% of the Capital Contributions temporarily held while awaiting Investments in Properties. The Asset Based Fee will be accrued without interest when funds are not available for its payment. Any accrued Asset Based Fee will be paid from the next available Net Cash Flow or Net Proceeds from a Sale or Financing of Properties and not from Working Capital Reserves. In the event of the termination of the General Partner as general partner of the Partnership, the General Partner will be paid that Asset Based Fee to which it is entitled through the date of such termination.
Examples of Asset-Based Fee in a sentence
Client shall pay Xxxxxxx Xxxxx an annual asset-based fee (“Fee”) at the rate shown in the attached Asset-Based Fee Schedule.
The Total Annual Asset-Based Fee varies from 0.32% to 0.46%, depending upon the Portfolio(s) you choose.
The estimated annualized Underlying Fund Fee, Service Fee and State Administrative Fee added together equal the Total Annual Asset-Based Fee.
Manager shall provide to the Board, as promptly as practicable before the due date, Manager’s calculation of each Asset-Based Fee due, together with supporting records and documentation therefor.
The aggregate asset-based fee payable by the Cayman Companies under this Agreement with respect to the administration services (the “Cayman Asset-Based Fee”) shall be equal to the proportionate share of net assets of the Cayman Companies to total aggregate net assets of all Companies (including net assets of the U.S. Companies, provided that such Companies are serviced by Citi pursuant to the Sub-Administration Agreement) multiplied by the Total Asset-Based Fee.
More Definitions of Asset-Based Fee
Asset-Based Fee means compensation to the Sponsor computed in accordance with Section IV.J. of the NASAA Guidelines. No Asset Based Fee shall be payable to the Sponsor.
Asset-Based Fee. For any month that the Fund has average net assets of more than $50 million in any particular month, a monthly fee equal to the average net assets of the Fund for that month multiplied by the Asset-Based Fee Rate. The "Asset-Based Fee Rate" shall be calculated as follows: [(number of stand-alone funds and master funds on Schedule A x $105,000) + (number of feeder funds on Schedule A x $12,000) - (annual flat fees payable by each fund on Schedule A)] / (average monthly net assets of all stand-alone funds and feeder funds on Schedule A with average monthly net assets of more than $50 million in that month) [Note: certain of the funds listed on Schedule A are not party to the Agreement but are listed for the purpose of calculating the Asset-Based Fee Rate.] The Fund also shall reimburse Stein Roe for any axx xxx xxt-of-pocket expenses and charges, including fees payable to third parties for pricing the Fund's portfolio securities, in performing service under this Agreement." A copy of the document establishing the Trust is filed with the Secretary of The Commonwealth of Massachusetts. This Agreement is executed by officers not as individuals and is not binding upon any of the Trustees, officers or shareholders of the Trust individually but only upon the assets of the Fund.
Asset-Based Fee means the fee, which is payable to the General Partner each year for advising the Partnership and managing its investments, equal to (i) 0.75% of the Partnership's Base Amount for such year and (ii) 0.5% of the Capital Contributions temporarily held while awaiting Investments in Properties. The Asset Based Fee will be accrued without interest when funds are not available for its payment. Any accrued Asset Based Fee will be paid from the next available Net Cash Flow or Net Proceeds from a Sale or Financing of Properties and not from Working Capital Reserves. In the event of the termination of the General Partner as general partner of the Partnership, the General Partner will be paid that Asset Based Fee to which it is entitled through the date of such termination. "Assigned Limited Partnership Interest" means a Partnership Interest which is credited to the Assignor Limited Partner on the books and records of the Partnership in respect of a purchase of one Unit by an Investor. Each Assigned Limited Partnership Interest represents a contribution to the capital of the Partnership equal to $25, regardless of any reduction in Sales Commissions. "Assignee Units" means the ownership interests of an Investor in the Partnership at any particular time, including the right of such Investor to any and all benefits to which an Investor may be entitled as provided in this Agreement. The ownership interests of the Investors in the Partnership are sometimes referred to herein as "Units". "Assignor Limited Partner" means Parking Properties Holding Co., Inc. which will (i) own any Assigned Limited Partnership Interests issued pursuant to Sections 3.2 and 7.1 hereof and (ii) transfer and assign to those Persons who acquire Units all of its rights and interest in Assigned Limited Partnership Interests in accordance with Sections 3.2 and 7.1 hereof. "Base Amount" means that portion of Capital Contributions originally committed to Investment in Properties without regard to leverage and including Working Capital Reserves of up to 3% of the Capital Contributions (the "Permitted Working Capital Reserves"). The Base Amount shall be recomputed annually by subtracting from the then fair market value of the Partnership's Properties as determined by independent appraisals plus the Permitted Working Capital Reserves, an amount equal to the outstanding debt secured by the Partnership's Properties. "Capital Account" means (i) the separate account maintained and adjusted on the books and re...
Asset-Based Fee. [ ] basis points on the first [ ] million in assets; [ ] basis points for assets between [ ] million and [ ] million; [ ] basis points for all assets in excess of [ ] million The Asset Based Fee shall be calculated based on the aggregate average daily net assets of the Fund during the relevant period. Annual Minimum Fee: The initial Annual Minimum Fee shall be determined based upon the number of Funds within the Series as of the date on which the Series is launched, as follows: Up to three Funds: $______ per Fund Four or more Funds: $______ per Fund The Annual Minimum Fee shall thereafter be increased at a rate of $______ per additional Fund for each Fund added after the date on which the Series is launched. 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, such Fund will be assessed an additional annual fee equal to $15,000 per Class. New Fund Fees: There will be a one-time additional service charge of $10,000 for services provided by Administrator in assisting and coordinating the launch of each new Fund on behalf of the Investment Adviser, such fee to be paid by the Investment Adviser 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. Xxxxx Fargo Bank XX Xxxxxxx-Salem, NC ABA # 000000000 SEI Investments Company Acct#2079900401288 Ref: [INVESTMENT ADVISER NAME] - New Fund THIS DOCUMENT CONSTITUTES CONFIDENTIAL INFORMATION OFSEI INVESTMENTS GLOBAL FUNDS SERVICES Investment Adviser Maintenance Fee: To the extent that the Board of Trustees of the Trust (the “Board”) has approved a Fund within the Series and approved the Investment Adviser as the Fund’s adviser, 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 Adviser 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.
Asset-Based Fee. For any month that the Fund has average net assets of more than $50 million, a fee equal to the average net assets of the Fund for that month multiplied by the Asset-Based Fee Rate. The "Asset-Based Fee Rate" shall be calculated as follows: [(2 x $105,000) - (2 x $10,000)] / (average monthly net assets of the Fund plus average month net assets of the Liberty All-Star Growth Fund) The Fund also shall reimburse Colonial for any and all out-of-pocket expenses and charges, including fees payable to third parties for pricing the Fund's portfolio securities, in performing services under this Agreement."
Asset-Based Fee. - means an amount equal to: 1.00% of the Gross Asset Value up to $100 million, .75% of the Gross Asset Value between $100 million and $250 million, .625% of the Gross Asset Value between $250 million and $500 million and .50% of the Gross Asset Value in excess of $500 million; provided, however, with respect to the properties acquired from Finova Capital Corporation, the fee amount with respect to such assets shall be equal to .25% of Gross Asset Value of such properties that is subject to leverage.
Asset-Based Fee. Determined upon an application of the following basis point fee schedule: Up to $[ ] [ ] $[ ] - $[ ] [ ] $[ ] - $[ ] [ ] Greater than $[ ] [ ] * CPI: The Annual Fund Minimum Fee is subject to the CPI increases as set forth in Section 2 following end of the Initial Term.