Common use of Management Fee and Expenses Clause in Contracts

Management Fee and Expenses. The Adviser will be paid a quarterly management fee (the "Management Fee") for its investment advisory services provided hereunder, determined in accordance with Schedule C to this Agreement. During the term of this Agreement, the Management Fee shall be billed and payable in arrears on a quarterly basis within 10 days after the last day of each calendar quarter based upon the value of the Investment Accounts as of the last day of the immediately preceding calendar quarter. The Management Fee shall be pro-rated for any partial quarter. It is understood that, in the event that the Management Fee is to be paid by the custodian out of the Investment Accounts, OneBeacon or the Clients will provide written authorization to the custodian to pay the Management Fee directly from the Investment Accounts.

Management Fee and Expenses. (a) The Adviser will be paid a quarterly management fee (the "“Management Fee"”) for its investment advisory services provided hereunder, determined in accordance with Schedule C A to this Agreement. During the term of this Agreement, the Management Fee shall be billed and payable in arrears on a quarterly basis within 10 days after the last day of each calendar quarter based upon the value of the Investment Accounts Account as of the last day of the immediately preceding calendar quarter. The Management Fee shall be pro-rated for any partial quarter. It is understood that, in the event that the Management Fee is to be paid billed and payable by the custodian out of the Investment AccountsAccount, OneBeacon or the Clients Client will provide written authorization to the custodian to pay the Management Fee directly from the Investment AccountsAccount.

Management Fee and Expenses. (a) The Adviser will be paid a quarterly management fee (the "“Management Fee"”) for its investment advisory services provided hereunder, determined in accordance with Schedule C to this Agreement. During the term of this Agreement, the Management Fee shall be billed and payable in arrears on a quarterly basis within 10 days after the last day of each calendar quarter based upon the value of the Investment Accounts Account as of the last day of the immediately preceding calendar quarter. The Management Fee shall be pro-rated for any partial quarter. It is understood that, in the event that the Management Fee is to be paid by the custodian out of the Investment AccountsAccount, OneBeacon or the Clients Client will provide written authorization to the custodian to pay the Management Fee directly from the Investment AccountsAccount.