Compensation of the. Local Manager For the services rendered, the facilities furnished and expenses assumed by the Local Manager, MSIM shall pay to the Local Manager a fee in an amount to be determined from time to time by MSIM and the Local Manager but in no event in excess of the amount that MSIM actually received for providing services to the Fund pursuant to the Advisory Agreement. The fee currently paid by MSIM to the Local Manager is set forth on Schedule A, as may be amended from time to time. ARTICLE IV
Compensation of the. Local Manager For the services rendered, the facilities furnished and expenses assumed by the Local Manager, the Investment Adviser shall pay to the Local Manager a fee with respect to each Portfolio in an amount to be determined from time to time by the Investment Adviser and the Local Manager but in no event in excess of the amount that the Investment Adviser actually received for providing services to the Fund pursuant to the Advisory Agreement. The fee currently paid by the Investment Adviser to the Local Manager in respect to each Portfolio is set forth on Schedule A, as may be amended from time to time. ARTICLE IV
Compensation of the. ADVISER --------------------------- For all of the services to be rendered and payments to be made as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee at the annual rate of 0.75% of the average value of its daily net assets. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Declaration of Trust of the Trust or a resolution of the Board, if required. If, pursuant to such provisions, the determination of net asset value of the Fund is suspended for any particular business day, then for the purposes of this paragraph, the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets as of the close of the business day, or as of such other time as the value of the Fund's net assets may lawfully be determined, on that day. If the determination of the net asset value of the Fund has been suspended for a period including such month, your compensation payable at the end of such month shall be computed on the basis of the value of the net assets of the Fund as last determined (whether during or prior to such month).
Compensation of the. Adviser is deleted in its entirety and -------------------------- ----------------------- ---- replaced with the following:
Compensation of the. Adviser The Parties to this Agreement agree that the Adviser will receive compensation for the services it renders under this Agreement from The BlackRock Strategic Term Trust Inc. 5. Indemnity (a) The Fund hereby agrees to indemnify the Adviser and each of the Adviser's directors, officers, employees, agents, associates and controlling persons and the members, partners, directors, officers, employees and agents thereof (including any individual who serves at the Adviser's request as director, officer, partner, trustee or the like of another corporation) (each such person being an "indemnitee") against any liabilities and expenses, including amounts paid in satisfaction of judgments, in compromise or as fines and penalties, and counsel fees (all as provided in accordance with applicable corporate law) reasonably incurred by such indemnitee in connection with the defense or disposition of any action, suit or other proceeding, whether civil or criminal, before any court or administrative or investigative body in which he may be or may have been involved as a party or otherwise or with which he may be or may have been threatened, while acting in any capacity set forth above in this Section 5 or thereafter by reason of his having acted in any such capacity, except with respect to any matter as to which he shall have been adjudicated not to have acted in good faith in the reasonable belief that his action was in the best interest of the Fund and furthermore, in the case of any criminal proceeding, so long as he had no reasonable cause to believe that the conduct was unlawful, provided, however, that (1) no indemnitee shall be indemnified hereunder against any liability to the Fund or its shareholders or any expense of such indemnitee arising by reason of (i) willful misfeasance, (ii) bad faith, (iii) gross negligence or (iv) reckless disregard of the duties involved in the conduct of his position (the conduct referred to in such clauses (i) through (iv) being sometimes referred to herein as "disabling conduct"), (2) as to any matter disposed of by settlement or a compromise payment by such indemnitee, pursuant to a consent decree or otherwise, no indemnification either for said payment or for any other expenses shall be provided unless there has been a determination that such settlement or compromise is in the best interests of the Fund and that such indemnitee appears to have acted in good faith in the reasonable belief that his action as in the best interest ...
Compensation of the. REPRESENTATIVE The Representative shall not be paid any salary, wage, or other compensation for service as Representative, but shall be entitled to be reimbursed for reasonable and necessary out-of-pocket expenses incurred for the benefit of the Life Beneficiary.
Compensation of the. ADVISER For all of the services to be rendered and payments to be made as provided in this Agreement, as of the last day of each month, the JIC Institutional Bond Fund I will pay you a fee at the annual rate of 0.30% of the average value of its daily net assets, the JIC Institutional Bond Fund II will pay you a fee at the annual rate of 0.30% of the average value of its daily net assets, and the JIC Institutional Bond Fund III will pay you a fee at the annual rate of 0.30% of the average value of its daily net assets. The average value of the daily net assets of each of the Funds shall be determined pursuant to the applicable provisions of the Declaration of Trust of the Trust or a resolution of the Board, if required. If, pursuant to such provisions, the determination of net asset value of a Fund is suspended for any particular business day, then for the purposes of this paragraph, the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets may lawfully be determined, on that day. If the determination of the net asset value of a Fund has been suspended for a period including such month, your compensation payable at the end of such month shall be computed on the basis of the value of the net assets of the series as last determined (whether during or prior to such month).
Compensation of the. ADVISER For the services to be rendered and the charges and expenses to be assumed by the Adviser hereunder, the Fund shall pay to the Adviser a monthly fee at an annual rate of 1.00% of the first $500 million of the Fund's ending weekly net assets and 0.90% of the Fund's ending weekly net assets in excess of $500 million. The fee provided for hereunder shall be prorated in any month in which this Agreement is not in effect for the entire month.
Compensation of the. ADVISER --------------------------- For all of the services to be rendered by you as provided in this Agreement, as of the last business day of each month, the Fund will pay you an annual fee equal to 0.60% of its average daily net assets up to $100 million, 0.50% of its average daily net assets from $100,000,001 to $250 million, 0.45% of its average daily net assets from $250,000,001 to $500 million, and 0.40% of its average daily net assets in excess of $500 million. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Declaration of Trust of the Trust or a resolution of the Board, if required. If, pursuant to such provisions, the determination of net asset value of the Fund is suspended for any particular business day, then for the purposes of this paragraph, the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets as of the close of the business day, or as of such other time as the value of the Fund's net assets may lawfully be determined, on that day. If the determination of the net asset value of the Fund has been suspended for a period including such month, your compensation payable at the end of such month shall be computed on the basis of the value of the net assets of the Fund as last determined (whether during or prior to such month).
Compensation of the. General Manager and the Chief Financial Officer shall be determined by the Board of Managers in accordance with the foregoing.
