Fee Waiver Clause Samples
A Fee Waiver clause allows one party to forgo or reduce certain fees that would otherwise be payable under the agreement. In practice, this clause may specify the conditions under which fees are waived, such as meeting specific performance criteria, qualifying for a promotional period, or demonstrating financial hardship. Its core function is to provide flexibility in payment obligations, making the agreement more accessible or attractive to the other party and addressing situations where strict fee enforcement may not be appropriate.
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Fee Waiver. The Adviser agrees to a reduction in the Fund’s unitary management fee to 0.59% (the “Reduced Fee”) of the Fund’s average daily net assets effective as of the date first written above.
Fee Waiver. For the term of this Agreement, WTAM agrees to reduce its Management Fee to the percentage of the Fund’s average daily net assets shown in Schedule A.
Fee Waiver. For the term of this Agreement, the Advisor agrees to reduce its Management Fee with respect to the Fund as indicated in Schedule A.
Fee Waiver. If as of the end of the last month of the applicable period the NAV of a Class E Series 1 Unit is less than $10.00 per unit, the Advisor will waive its fees earned under this Agreement in an amount equal to the product of (a) the Performance Component for the applicable period, and (b) the weighted-average Class E Series 1 Units outstanding over the applicable period divided by the weighted-average OP Units outstanding over the same period. In this manner, the holders of each class of OP Units will benefit from this waiver pro rata in accordance with their particular class’s portion of Operating Partnership NAV.
Fee Waiver. The Adviser agrees to waive the Fund’s advisory fee of 0.90% of the Fund’s average daily net assets on the first $25 million in net assets effective as of the commencement of the Fund’s investment operations (the “Fee Waiver”). The Adviser shall not be permitted to recoup or recapture the Fee Waiver at any time.
Fee Waiver. During the Term (as defined in Section 2 below), the Adviser shall waive a portion of its Advisory Fee under the Advisory Agreement with respect to each Portfolio so that the Advisory Fee payable by the Portfolio is equal to the rate set forth in Schedule A attached hereto.
Fee Waiver. With respect to each Fund, the Adviser h▇▇▇▇▇ agrees to waive a portion of the Fund’s management fee in an amount equal to the Fund’s acquired fund fees and expenses for a period to commence on December 3, 2021 and continue through December 31, 2022.
Fee Waiver. The Adviser agrees to a reduction in each Fund’s unitary management fee to the corresponding level set forth on Exhibit A, which is calculated daily and paid monthly, at an annual rate of each Fund’s average daily net assets, effective with respect to a Fund upon the date set forth on Exhibit A. Any management fees waived with respect to each Fund under this Agreement are not subject to reimbursement to the Adviser by such Fund.
Fee Waiver. Notwithstanding the provisions of the above Section 6, during the five year period following the closing of the Fund's first public offering of common shares, (i) the Advisor agrees to waive a portion of its Advisory Fee equal to an annual rate of .25% of Average Daily Total Assets.
Fee Waiver. If assessed or chargeable by the City Bodies, the City shall waive: City Fees related to (a) the initial construction of the Project and (b) for first generation tenants; provided that during any continuing Event of Default by Developer hereunder or under any Ancillary Agreements, City shall be entitled to either suspend or terminate any further waiver of the foregoing fees. It is further agreed that City has not waived and does not hereby waive any re-inspection fees customarily charged by any City Parties.