Common use of Incentive Fee on Income Clause in Contracts

Incentive Fee on Income. Pre-incentive fee net investment income falls between the 1.5% quarterly preferred return rate and the upper level breakpoint of 1.875%, therefore the incentive fee on pre-incentive fee net investment income is 100% of the pre-incentive fee above the 1.5% quarterly preferred return.

Incentive Fee on Income. Pre-incentive fee net investment income falls between the 1.5% quarterly preferred return rate and the upper level breakpoint of 1.8751.818%, therefore the incentive fee on pre-incentive fee net investment income is 100% of the pre-incentive fee above the 1.5% quarterly preferred return.

Incentive Fee on Income. Pre-incentive fee net investment income falls between exceeds the 1.5% quarterly preferred return rate and the 1.875% upper level breakpoint provision. Therefore the upper level breakpoint provision is fully satisfied by the 0.375% of 1.875%, therefore pre-incentive fee net investment income above the 1.5% preferred return rate and there is a 20% incentive fee on pre-incentive fee net investment income is 100above the 1.875% upper level breakpoint. This ultimately provides a incentive fee which represents 20% of the pre-incentive fee above the 1.5% quarterly preferred returnnet investment income.

Incentive Fee on Income. Pre-incentive fee net investment income falls between exceeds the 1.5% quarterly preferred return rate and the 1.818% upper level breakpoint provision. Therefore the upper level breakpoint provision is fully satisfied by the 0.318% of 1.875%, therefore pre-incentive fee net investment income above the 1.5% preferred return rate and there is a 17.5% incentive fee on pre-incentive fee net investment income is 100above the 1.818% upper level breakpoint. This ultimately provides an incentive fee which represents 17.5% of the pre-incentive fee above the 1.5% quarterly preferred returnnet investment income.