Common use of Compensation of the Local Manager Clause in Contracts

Compensation of the Local Manager. For the services rendered, the facilities furnished and expenses assumed by the Local Manager, the Investment Manager shall pay to the Local Manager a fee in an amount to be determined from time to time by the Investment Manager and the Local Manager, but in no event in excess of the amount that the Investment Manager actually received for providing services to the Fund pursuant to the Management Agreement.

Appears in 6 contracts

Samples: Sub Advisory Agreement (Morgan Stanley Health Sciences Trust), Sub Advisory Agreement (Morgan Stanley Global Infrastructure Fund), Sub Advisory Agreement (Morgan Stanley Utilities Fund)

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Compensation of the Local Manager. For the services rendered, the facilities furnished and expenses assumed by the Local Manager, the Investment Manager Adviser shall pay to the Local Manager a fee in an amount to be determined from time to time by the Investment Manager Adviser and the Local Manager, but in no event in excess of the amount that the Investment Manager Adviser actually received for providing services to the Fund pursuant to the Management Advisory Agreement.

Appears in 2 contracts

Samples: Sub Advisory Agreement (Morgan Stanley Series Funds), Sub Advisory Agreement (Morgan Stanley Series Funds)

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Compensation of the Local Manager. For the services rendered, the facilities furnished and expenses assumed by the Local Manager, the Investment Manager shall pay to the Local Manager a fee in an amount to be determined from time to time by the Investment Manager and the Local Manager, but in no event in excess of the amount that the Investment Manager actually received for providing services to the Fund pursuant to the Management Agreement. The fee currently paid by the Investment Manager to the Local Manager is set forth on Schedule A, as may be amended from time to time.

Appears in 1 contract

Samples: Sub Advisory Agreement (Morgan Stanley Series Funds)

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