Sub-Advisory Fees definition

Sub-Advisory Fees. For each such calendar quarter the Advisor shall then allocate and pay to the Sub-Advisor a percentage of the Sub-Advisory Fees equal to the percentage of unlevered equity capital attributable to the Sub-Advised Assets for which the Sub-Advisor provides Services in relation to the unlevered equity capital attributable to the assets for which all other sub-advisers to the Company, if any, provide services (the portion of the Sub-Advisory Fee payable to the Sub- Advisor referred to as the “OFS Sub-Advisory Fee”). In connection with each quarterly payment of the OFS Sub-Advisory Fee, the Advisor shall provide in writing the basis for the calculation of such OFS Sub-Advisory Fee. In the event that the Sub-Advisor believes that there has been an error in such calculation, the Sub-Advisor shall promptly notify the Advisor of such belief and provide its view of the appropriate calculation in writing. In such event, the Advisor may either accept the Sub-Advisor’s revised calculation or continue the discussion to resolve the disagreement as to the OFS Sub-Advisory Fee amount and calculation. In addition, the Advisor shall pay or reimburse, as applicable, Sub-Advisor for all expenses paid or incurred by Sub- Advisor (including the wages, salaries and other personnel-related expenses of Sub-Advisor’s in- house personnel) in connection with the execution of Sub-Advisor’s duties with respect to the Sub- Advised Assets.
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Sub-Advisory Fees. Such Sub-Advisory Fees shall be calculated and paid to the Sub-Adviser by the Adviser based on the Allocated Assets of the Fund net of any leverage or borrowing, as further set forth in Appendix A attached hereto (the “Net Allocated Assets”). In connection with each monthly payment of the Sub-Advisory Fee, the Adviser shall provide in writing the basis for the calculation of such Sub-Advisory Fee. In the event that the Sub-Adviser believes there has been an error in such calculation, the Sub-Adviser shall promptly notify the Adviser of such belief and provide its view of the appropriate calculation in writing. In such event, the Adviser may either accept the Sub-Adviser’s revised calculation or continue the discussion to resolve the disagreement as to the Sub-Adviser Fee amount and calculation. Upon the termination of this Agreement with respect to the Fund, the Adviser shall pay to the Sub-Adviser such compensation as shall be payable prior to the effective date of termination.
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Examples of Sub-Advisory Fees in a sentence

  • The Sub-Advisory Fees shall be payable solely by the Adviser, and the Fund shall not be liable to the Sub-Adviser for any unpaid Sub-Advisory Fees.

  • The Sub-Advisory Fees shall be accrued for each calendar day and the sum of the daily Sub-Advisory Fees accruals shall be paid monthly to the Sub-Adviser on or before the fifth business day of the next succeeding month.

  • The Sub-Advisory Fees shall be accrued for each calendar day and the sum of the daily Sub-Advisory Fees accruals shall be paid monthly to the Sub-Adviser.

  • The Sub-Advisory Fee shall be payable solely by the Adviser, and the Fund shall not be liable to the Sub-Adviser for any unpaid Sub-Advisory Fees.

  • For avoidance of doubt, each Annual Period is calculated separately and Sub-Advisory Fees paid in a prior Annual Period are not carried forward to calculate the Minimum Fee in a subsequent Annual Period.

  • The Sub-Advisory Fees shall be invoiced to the Custodian and deducted from the Portfolio on a monthly basis in arrears.

  • With respect to Discretionary Sub-Advisory Services and Model Portfolio Services, the Sub-Advisory Fees shall be charged on the portion of the Portfolio assets custodied at Folio and to which such services are provided by the applicable Sub-Adviser.

  • In consideration of the Sub-Adviser's services to the Fund hereunder, the Sub-Adviser shall be entitled to sub-advisory fees, payable monthly, at the annual rate 0.320% of the first four hundred million dollars ($400 million) of the average daily net assets of the Portfolio, 0.290% of the next two hundred million dollars ($200 million) and 0.255% of the average daily net assets of the Portfolio in excess of six hundred million dollars ($600 million) (the "Sub-Advisory Fees").

  • Notwithstanding anything in this Agreement to the contrary and to the fullest extent permitted by law, in no event shall the aggregate liability under this Agreement of Adviser or Sub-Adviser (and each of their respective officers, directors, members, employees, and/or agents) to the other exceed the amount of the total Sub-Advisory Fees (listed in Exhibit A) paid to Sub-Adviser in the one-year period preceding the date such liability first arose.

  • For each such calendar quarter, the Adviser shall then allocate and pay to the Sub-Adviser a percentage of the Sub-Advisory Fees equal to the percentage of unlevered equity capital attributable to the Sub-Advised Assets for which the Sub-Adviser provides Services in relation to the unlevered equity capital attributable to the assets for which all other sub-advisors to the Company provide services (the portion of the Sub-Advisory Fee payable to the Sub-Adviser referred to as the “OFS Sub-Advisory Fee”).