Common use of Asset Based Fees Clause in Contracts

Asset Based Fees. Pursuant to Article 4, the following annual asset-based fee will be calculated based upon each Portfolio’s average net assets as well as the average net assets of the BB&T Variable Insurance Funds*:

Appears in 3 contracts

Sources: Administration Agreement (BB&T Variable Insurance Funds), Administration Agreement (Bb&t Funds /), Administration Agreement (Bb&t Funds /)