Common use of Fees from the Trust Clause in Contracts

Fees from the Trust. In consideration for the services described in Section 2.1(a) hereof relating to acting as liaison to shareholders and providing personal services to shareholders, the Agent shall receive fees to be paid in arrears periodically (but in no event less frequently than semi-annually) at an annual rate of the average daily net assets set forth with respect to the applicable Fund and Class of Shares so indicated on Schedule A attached hereto represented by Shares owned during the period for which payment is being made by Customers for whom the Agent is the holder or Agent of record or with whom it maintains a servicing relationship. In consideration for the services described in Section 2.1(b) hereof relating to other administrative services and the incurring of expenses in connection therewith, the Agent shall receive fees to be paid in arrears periodically (but in no event less frequently than semi-annually) at an annual rate of the average daily net assets set forth with respect to the applicable Fund and Class of Shares so indicated on Schedule A attached hereto represented by Shares owned during the period for which payment is being made by Customers for whom the Agent is the holder or Agent of record or with whom it maintains a servicing relationship. For purposes of determining the fees payable to the Agent hereunder, the value of the Trust's net assets shall be computed in the manner specified in the Trust's then-current prospectus and statement of additional information for computation of the net asset value of the Trust's Shares. Any Agent may direct the Trust in writing that its fees from the Trust for the services rendered hereunder and incurring of expenses in connection therewith be paid to another Agent on a consolidated basis. Any such consolidated payment to a designated Agent by the Trust shall relieve the Trust of responsibility for payment of compensation it owes to any other individual Agent and shall satisfy the Trust's fee payment obligations hereunder with respect to all Agents.