Common use of Compensation of FAM Clause in Contracts

Compensation of FAM. For the services rendered, the facilities furnished and expenses assumed by FAM, the Trust shall use its reasonable best efforts to cause MAM to pay to FAM at the end of each calendar month a fee of at least $1.00 or another amount to be determined from time to time by MAM and FAM, but in no event in excess of the amount that MAM actually receives for providing services to the Trust and the Portfolio pursuant to the MAM Advisory Agreement.

Appears in 6 contracts

Samples: Sub Advisory Agreement (Mercury Asset Management Master Trust), Sub Advisory Agreement (Mercury Asset Management Master Trust), Sub Advisory Agreement (Mercury Asset Management Master Trust)

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Compensation of FAM. For the services rendered, the facilities furnished and expenses assumed by FAM, the Trust Corporation shall use its reasonable best efforts to cause MAM to pay to FAM at the end of each calendar month a fee of at least $1.00 or another amount to be determined from time to time by MAM and FAM, but in no event in excess of the amount that MAM actually receives for providing services to the Trust Corporation and the Portfolio Fund pursuant to the MAM Advisory Agreement.

Appears in 2 contracts

Samples: Sub Advisory Agreement (Mercury Asset Management v I Funds Inc), Sub Advisory Agreement (Mercury Vi Funds Inc)

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