Base Date Assets Under Management definition

Base Date Assets Under Management means, for any Client, the assets under management with respect to such Client as of the Base Date, as determined by the Company consistent with past practice excluding any portion of the assets under management attributable to Clients who have provided requests to withdraw or redeem their invested capital, account balance or capital commitments that have been delivered to a Company Entity or Fund as of the date of this Agreement as set forth on Section 1.01(a)(viii) of the Company Disclosure Schedule.

Base Date Assets Under Management means, for any account of any Client, without duplication, the assets under management with respect to each account of such Client as of the Base Date, calculated in a manner consistent with the calculation of base advisory fees payable in respect of each such Client under the applicable Advisory Agreement; provided that (i) the aggregate Base Date Assets Under Management attributable to Clients that are not SMA Clients will be as set forth on ‎Section 4.16(d) of the Company Disclosure Schedule and (ii) the Base Date Assets Under Management attributable to SMA Clients will be reduced in accordance with the proviso in the definition of “Base Date Revenue Run-Rate.” For the avoidance of doubt, any assets under management for any Client for which the Company or its Subsidiaries act as investment adviser and sub-adviser shall be counted only once.

Base Date Assets Under Management means, for each account of each Advisory Client, the respective amounts set forth on Exhibit E attached hereto.

Examples of Base Date Assets Under Management in a sentence

The Company and Parent shall work in good faith to resolve any disagreements with respect to the calculation of Base Date Assets Under Management and Base Date Revenue Run Rate.
To the extent reasonably requested by Parent, the Company shall promptly make available (during normal business hours) to Parent the employees of the Company involved in, and records used in, preparing the calculation of Base Date Assets Under Management and Base Date Revenue Run Rate.
For the avoidance of doubt, if the Aggregate Measurement Date Assets Under Management exceed ninety-five percent (95%) of the Aggregate Base Date Assets Under Management, then there shall be no such reduction of the Initial Purchase Price in respect of an AUM Shortfall Adjustment.
The Sellers’ Representative shall have delivered to Purchaser evidence, prepared in accordance with Exhibit C-2, that the Aggregate Measurement Date Assets Under Management are no less than eighty-seven and one-half percent (87.5%) of the Aggregate Base Date Assets Under Management.

Base Date Assets Under Management means, for any Client, the total assets under management by the Sellers or any of their Affiliates for such Client as of the Base Date, calculated in the same manner as provided for in the calculation of Advisory Fees under the applicable Advisory Agreement, adjusted to reflect any pending redemptions or withdrawals, or written notices of withdrawal or redemption received by the Sellers or any of their Affiliates, as of the Base Date.

Base Date Assets Under Management has the meaning set forth in Section 3.12(a).

Base Date Assets Under Management means, for any Advisory Client (for the avoidance of doubt, excluding the Affiliate Advisory Clients and the Liquidating Funds), the total net assets under management by Adviser for such Advisory Client as of the Base Date (for the avoidance of doubt, (a) including all assets in Direct Accounts and assets of the 529 Plan, in each case, to the extent invested in a Fund, and (b) excluding (i) any Invested Capital or Invested Capital Amounts or assets invested by Affiliate Advisory Clients, (ii) the Liquidating Funds and (iii) all assets in the UMP Accounts), calculated in the same manner as provided for in the calculation of Applicable Fees under the applicable Advisory Agreement, adjusted to reflect any pending redemptions or

Base Date Assets Under Management means, with respect to any Client, the amount of fee-earning assets under management of the Acquired Companies with respect to such Client as of the Base Date, which means with respect to (i) any Client for which investment advisory fees are determined by reference to committed capital, the aggregate amount of such capital commitments as of the applicable date of determination, (ii) any Client for which investment advisory fees are determined by reference to invested capital, the aggregate amount of such capital invested as of the applicable date of determination, and (iii) any Client other than a Client described in the foregoing clause (i) or clause (ii), the total fee-earning assets under management of such Client.

Base Date Assets Under Management means, with respect to any Client, the amount offee-earning assets under management of the Acquired Companies with respect to such Client as of the Base Date, which means with respect to (i) any Client for which investment advisory fees are determined by reference to committed capital, the aggregate amount of such capital commitments as of the applicable date of determination, (ii) any Client for which investment advisory fees are determined by reference to invested capital, the aggregate amount of such capital invested as of the applicable date of determination, and (iii) any Client other than a Client described in the foregoing clause (i) or clause (ii), the total fee-earning assets under management of such Client.

Base Date Assets Under Management means, for any account of any Client, without duplication, the assets under management with respect to each account of such Client as of the Base Date, calculated in a manner consistent with the calculation of base advisory fees payable in respect of each such Client under the applicable Advisory Agreement; provided that (i) the aggregate Base Date Assets Under Management attributable to Clients that are not SMA Clients will be as set forth on Section 4.16(d) of the Company Disclosure Schedule and (ii) the Base Date Assets Under Management attributable to SMA Clients will be reduced in accordance with the proviso in the definition of “Base Date Revenue Run-Rate.” For the avoidance of doubt, any assets under management for any Client for which the Company or its Subsidiaries act as investment adviser and sub-adviser shall be counted only once.