Alternative Management Fee Rate. The Fund shall pay the Manager a fee rate, which will consist of two components: a Group Management Fee (“Group Fee”) and an Individual Fund Fee (“Fund Fee Rate”), (“Combined Fee Rate”) in lieu of the Fee Rate provided that the Combined Fee Rate is less than the Fee Rate (“Fee Rate Limit”). The Combined Fee Rate shall be paid monthly to the Manager on the first business day of the next succeeding calendar month and shall be calculated as follows:
Appears in 3 contracts
Sources: Investment Management Agreement (T. Rowe Price Institutional Equity Funds, Inc.), Investment Management Agreement (T. Rowe Price Institutional Equity Funds, Inc.), Investment Management Agreement (T. Rowe Price Institutional International Funds, Inc.)