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, MSIA shall pay to the Local Manager a fee in an amount to be determined from time to time by MSIA and the Local Manager but in no event in excess of the amount that MSIA actually received for providing services to the Fund pursuant to the Advisory Agreement.

Appears in 4 contracts

Samples: Sub Advisory Agreement (Morgan Stanley Variable Investment Series), Sub Advisory Agreement (Morgan Stanley Variable Investment Series), Sub Advisory Agreement (Morgan Stanley Variable Investment Series)

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