Partial Periods. If the Adviser serves the Fund for a period of less than a full calendar month the Advisory Fee will be proportionately reduced to reflect only the number of days during the month the Fund was under the Adviser's management, and will be based on the average daily total assets of the Fund as of the close of business on the last business day of such lesser period.
Appears in 8 contracts
Samples: And Management Agreement (Clough Global Equity Fund), And Management Agreement (Clough Global Opportunities Fund), And Management Agreement (Clough Global Opportunities Fund)
Partial Periods. If the Adviser serves the Fund for a period of less than a full calendar month the Advisory Fee will be proportionately reduced to reflect only the number of days during the month the Fund was under the Adviser's ’s management, and will be based on the average daily total assets of the Fund as of the close of business on the last business day of such lesser period.
Appears in 3 contracts
Samples: Investment Advisory and Management Agreement (Clough Global Dividend & Income Fund), Investment Advisory and Management Agreement (Clough Global Opportunities Fund), Investment Advisory and Management Agreement (Reaves Utility Income Fund)
