Compensation of the Investment Manager Sample Clauses

Compensation of the Investment Manager. 4.1 For the services to be rendered as provided herein, the Adviser shall pay to the Investment Manager for each month of the Fund’s fiscal year on the last day of each such month a fee based upon the average daily net assets of the Account, as determined pursuant to the Fund’s Registration Statement, at the following annual rate as a percentage of the Account's average daily net assets:
Compensation of the Investment Manager. For the services rendered, the facilities furnished and expenses assumed by the Investment Manager, the Fund shall pay to the Investment Manager at the end of each calendar month a fee which shall accrue daily at the annual rate specified by the schedule of fees in the Appendix to this Agreement. The average daily value of the net assets of the Portfolio shall be determined and computed in accordance with the description of the method of determination of net asset value contained in the Prospectus.
Compensation of the Investment Manager. (a) In consideration of the services performed by the Investment Manager hereunder, the Fund will pay or cause to be paid to the Investment Manager, as they become due and payable, management fees determined in accordance with the attached Schedule of Fees (Appendix A). In the event of termination, any management fees paid in advance pursuant to such fee schedule will be prorated as of the date of termination and the unearned portion thereof will be returned to the Fund.
Compensation of the Investment Manager. For the services to be rendered by the Investment Manager as provided in this Agreement, the Trust shall pay to the Investment Manager compensation at the rate specified in Schedule B which is attached hereto and made a part of this Agreement. Such compensation shall be paid to the Adviser at the end of each month, and calculated by applying a daily rate, based on the annual percentage rates as specified in Schedule B, to the assets. The fee shall be based on the average daily net assets for the month involved (less any assets of such Portfolios held in non-interest bearing special deposits with a Federal Reserve Bank). All rights of compensation under this Agreement for services performed as of the termination date shall survive the termination of this Agreement. In the event that the Board of Trustees of the Trust shall determine to issue any additional series or classes of shares for which it is proposed that the Investment Manager serve as investment manager, the Trust and the Investment Manager may enter into an Addendum to this Agreement setting forth the name of the series, the applicable fee and such other terms and conditions as are applicable to the management of such series of shares.
Compensation of the Investment Manager. For the services to be rendered by the Investment Manager as provided in Sections 1 and 2 of this Agreement, the Investment Manager is entitled to receive from persons who purchase Units of the Company (“Members”) an annual management fee (the “Management Fee”). The Management Fee is equal to 1.50% of the net asset value of each Member’s Units and will be subject to an adjustment (the “Management Fee Adjustment”) based on the annual returns of each Member’s Units. The Investment Manager’s fee is calculated and accrued monthly and is paid out to the Investment Manager on a quarterly basis. The Management Fee Adjustment will be determined in accordance with the scale as specified in the Schedule(s) which is attached hereto and made part of this Agreement. For purposes of determining the Management Fee, net assets will be determined by taking into account net realized gain or loss and the net change in unrealized appreciation or depreciation of net assets. All rights of compensation under this Agreement for services performed as of the termination date shall survive the termination of this Agreement.
Compensation of the Investment Manager. (a) The Company shall pay to the Investment Manager for its services to the Company a management fee (the “Management Fee”) as set forth herein. The Company shall make any payments due hereunder to the Investment Manager (or to the Investment Manager’s designee as the Investment Manager may otherwise direct).
Compensation of the Investment Manager. (a) In consideration of the services performed by the Investment Manager hereunder, the Fund will pay or cause to be paid to the Investment Manager, as they become due and payable, management fees determined in accordance with the attached Schedule of Fees (Appendix A). In the event of termination, any management fees paid in advance pursuant to such fee schedule will be prorated as of the date of termination and the unearned portion thereof will be returned to the Fund. (b) The net asset value of the Fund's portfolio used in fee calculations shall be determined in the manner set forth in the Articles of Incorporation and Bylaws of the Company and the Fund's prospectus as of the close of regular trading on the New York Stock Exchange on each business day the New York Stock Exchange is open.
Compensation of the Investment Manager. EXPENSE REIMBURSEMENT. For the services to be rendered by the Investment Manager as provided in Sections 1 and 2 of this Agreement, the Fund shall pay to the Investment Manager an annual Management Fee equal to 2.5% of total "adjusted capital contributions" payable quarterly in arrears. Additionally, commencing upon receipt by the Members of aggregate distributions under the Operating Agreement equal to the amount of their aggregate "initial capital contributions," the Fund shall pay to the Investment Manager an annual "incentive fee". The incentive fee will become payable commencing with the fiscal year of the fund during which the Members shall have received such aggregate distributions, and at the end of each fiscal year of the Fund thereafter. The incentive fee may be paid by the Fund in cash or property or, if agreed to by the Investment Manager, may be accrued by the Fund. For purposes of this Agreement, (i) "initial capital contribution" shall mean the amount of cash and fair market value of property contributed to the Fund by a Member upon admission to the Fund, (ii) "incentive fee" shall mean as to a fiscal year an amount equal to twenty percent (20%) of the taxable income of the Fund for such year (calculated without giving effect to the payment of the incentive fee) computed net of all unrealized capital depreciation for such year, and (iii) total "adjusted capital contributions" shall mean, as of any day, the aggregate amount of cash and fair market value of property contributed to the Fund by the Members upon admission to the Fund reduced by the amount of cash and the Carrying Value (as such term is defined in the Operating Agreement) of any property of the Fund distributed to the Members pursuant to Section 5.5(a) of the Operating Agreement. In the event of termination of this Agreement, the Management Fee provided under this Section shall be computed on the basis of the period ending on the last business day on which this Agreement is in effect subject to a pro rata adjustment based on the number of days elapsed in the current month as a percentage of the total number of days in such month and the incentive fee shall be computed through the last business day on which this Agreement is in effect. The Fund will reimburse the Investment Manager for actual organizational and operational costs and expenses incurred by the Investment Manager for the benefit or on behalf of the Fund.
Compensation of the Investment Manager. (a) For all services to be rendered and payments made as provided in Sections 2 and 3 hereof, the Fund shall pay to the Investment Manager each month a management fee (the “Management Fee”) at an annual rate equal to the percentage of the average daily net assets of the Fund set forth on Annex A. The “average daily net assets” of the Fund shall be determined on the basis set forth in the Fund’s prospectus(es) or otherwise consistent with the Investment Company Act and the regulations promulgated thereunder. The Fund shall make any payments due hereunder to the Investment Manager (or to the Investment Manager’s designee as the Investment Manager may otherwise direct).