Examples of Average Daily Managed Assets in a sentence

The value of the Fund's Average Daily Managed Assets shall be computed at the times and in the manner specified by the Registration Statement.
In return for its investment advisory services, the Fund will pay the Manager a monthly fee, computed and accrued daily, based on an annual rate of 0.65% of the Average Daily Managed Assets of the Fund for the first one billion dollars ($1,000,000,000), 0.60% of the Average Daily Managed Assets of the Fund for the next one billion dollars ($1,000,000,000), and 0.55% of the Average Daily Managed Assets of the Fund over two billion dollars ($2,000,000,000).
The value of the Funds Average Daily Managed Assets shall be computed at the times and in the manner specified by the Registration Statement.
At the time of each payment of Additional Compensation hereunder, the Advisor shall deliver to the Lead Managing Underwriters a statement indicating the amount of the aggregate Average Daily Managed Assets on which such payment was based.
The value of the Fund’s Average Daily Managed Assets shall be computed at the times and in the manner specified by the Registration Statement.

More Definitions of Average Daily Managed Assets

Average Daily Managed Assets means the average daily value of the assets of the Fund allocated to the Sub-Adviser, less accrued liabilities of the Fund related or allocated to such portion of the Fund's assets allocated to the Sub-Adviser (other than the aggregate amount of any outstanding borrowings constituting financial leverage). [For the avoidance of doubt, assets allocated by the Sub-Adviser to other sub- advisers pursuant to Section 2(a) of this Agreement will not be considered to have been allocated to Sub-Adviser for purposes of determining Average Daily Managed Assets, and the Sub-Adviser will not receive any fees with respect to such assets.]2 If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. The accrued fees will be payable monthly no later than the fifteenth (15) business day following the end of each month during which this Agreement is in effect.

Average Daily Managed Assets of the Fund shall mean the average daily value of the total assets of the Fund less all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings constituting financial leverage).

Average Daily Managed Assets so long as the Adviser has not waived in writing all or a portion of such compensation. “Average Daily Managed Assets” of a Fund shall mean the average daily value of the total assets of the Fund, less all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings constituting financial leverage). The Adviser may waive a portion of its fees, by written notice the relevant Fund and the Board. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. The accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect.

Average Daily Managed Assets of the Trust shall mean the average daily value of the total assets of the Trust, less all accrued liabilities of the Trust (other than the aggregate amount of any outstanding leverage). Leverage includes (i) indebtedness of any type (including, without limitation, borrowing through a credit facility or the issuance of debt securities), (ii) the issuance of preferred stock or other similar preference securities, (iii) the reinvestment of collateral received for securities loaned in accordance with the Trust’s investment objectives and policies, and/or (iv) any other means. The accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect. The Adviser may waive a portion of its fees. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis.

Average Daily Managed Assets of a Fund shall mean the average daily value of the total assets of the Fund, less all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings constituting financial leverage). The Adviser may waive a portion of its fees. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. The accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect.

Average Daily Managed Assets less any fees payable by the Fund, with respect to the period in question, to one or more sub-adviser(s) to the Fund pursuant to any sub-advisory agreement in effect with respect to such period. “Average Daily Managed Assets” of the Fund shall mean the average daily value of the total assets of the Fund, less all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings constituting financial leverage). The Adviser may waive a portion of its fees. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. Subject to the provisions of Section 5 below, the accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect.