BALANCE CREDITS Sample Clauses

BALANCE CREDITS. The use of balance credit against fees (excluding out-of-pocket charges) for collected fund balances arising out of the custody relationship is permitted. The monthly earnings allowance is equal to 75% of the 90-day T-xxxx rate.
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BALANCE CREDITS. We allow use of balance credit against fees (excluding out-of-pocket charges) for collected fund balances arising out of the custody relationship. The monthly earnings allowance is equal to 75% of the 90-day T-xxxx rate. ASSUMPTIONS - This fee schedule was arrived at through conversations with GMO. If the Fund's final documentation reveals information that would require a material increase in services provided to the Fund, then this fee schedule is subject to change. - GMO will contract for Corporate Secretarial work directly with AS&K (Xxxx Management). - Investor activity will occur on a daily basis. - The Fund will be wholly owned by the Alternative Asset Opportunity Fund. - The management fee will be imputed on an annual basis. - All redemptions from the Fund will be treated as a return of capital. - There will be no excise calculation requirements. - Investors Bank will prepare the annual audited financial statements. - Investors Bank will not perform any compliance work for the Fund. Xxxxxxxx X
Sample 1

Related to BALANCE CREDITS

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