Examples of Total Managed Assets in a sentence
In consideration for the services to be performed under this Agreement, the Adviser shall receive from the Trust a management fee, calculated on a monthly basis at the annual rate of 1.05% of the Fund’s average Total Managed Assets, as that term is defined in the Prospectus and Statement of Additional Information dated May 14, 2013 (the “Registration Statement”), during the month.
For purposes of this Agreement, the Total Managed Assets of the Trust shall be calculated pursuant to procedures adopted by the Trustees of the Trust for calculating the value of the Trust?s assets or delegating such calculations to third parties.
Such notice, in addition to stating that dividends will be suspended, shall set forth the fact that the Tangible Equity Amount is less than 5.5% of Total Managed Assets for the most recently completed Quarter End if dividends are suspended by reason of failing to satisfy the test set forth in Section 5(a)(i)(1), and the fact that the Average Four Quarters Fixed Charge Ratio is less than 1.10 if dividends are suspended by reason of failing to satisfy the test set forth in Section 5(a)(i)(2).
Such notice, in addition to stating that interest payments on this Debenture will be deferred, will set forth whether such interest payments are being deferred because (i) the Company’s Total Equity Amount is less than 11.0% of Total Managed Assets for the most recently completed fiscal quarter or (ii) the Company’s Average Four Quarters Fixed Charged Ratio for the most recently completed fiscal quarter is less than or equal to 1.10.
Xxxxxx Name Title: President Title By: Name Title APPENDIX A TO INVESTMENT SUB-ADVISORY AGREEMENT As of May 22, 2013 Investment Adviser shall pay to Sub-Adviser on a monthly basis a fee at the annual rate of 0.55% of the Fund’s average Total Managed Assets as defined in the Fund’s N-2 Registration Statement .