Common use of INVESTMENT ADVISORY AND MANAGEMENT FEE Clause in Contracts

INVESTMENT ADVISORY AND MANAGEMENT FEE. The Fund shall not pay the Advisor any fee hereunder. The Advisor acknowledges and agrees that the Fund is an integral part of separately managed account programs, and that the Advisor will be compensated directly or indirectly by separately managed account sponsors or separately managed account program participants for services rendered hereunder. The Advisor acknowledges and agrees that such compensation is sufficient consideration hereunder.

INVESTMENT ADVISORY AND MANAGEMENT FEE. The Fund shall not pay the Advisor Adviser any fee hereunder. The Advisor Adviser acknowledges and agrees that the Fund is an integral part of separately managed account programs, and that the Advisor Adviser will be compensated directly or indirectly by separately managed account sponsors or separately managed account program participants for services rendered hereunder. The Advisor Adviser acknowledges and agrees that such compensation is sufficient consideration hereunder.