Payment of Additional Compensation. (a) Xxxxx Xxxxx shall pay the Additional Compensation, quarterly in arrears, to each Class I Qualifying Underwriter in an amount equal to the product of such Qualifying Underwriter's Pro Rata Percentage multiplied by 0.0250% of the aggregate average daily gross assets of the Fund for such quarter.
Payment of Additional Compensation. Upon a Lender having determined that it is entitled to compensation in accordance with the provisions of this Section 4.8 (“Additional Compensation”), the Lender shall promptly so notify the Agent and the Borrower and shall provide to the Agent and the Borrower a photocopy of the relevant Applicable Law or request, as applicable, and a certificate of an officer of the Lender setting forth the Additional Compensation and the basis of calculation thereof, which shall be conclusive evidence of the Additional Compensation in the absence of manifest error. The Borrower shall pay to the Lender within 30 Business Days of the giving of notice the Additional Compensation for the account of the Lender accruing from the date of the notification. The Lender shall be entitled to be paid Additional Compensation from time to time to the extent that the provisions of this Section 4.8 are then applicable notwithstanding that the Lender has previously been paid Additional Compensation.
Payment of Additional Compensation. (a) UBS Warburg shall pay the Additional Compensation, quarterly in arrears, to each Qualifying Underwriter in an amount equal to the product of such Underwriter's Pro Rata Percentage multiplied by 0.025% of the Trusts' aggregate average daily net asset values (including assets attributable to any preferred shares of the Trusts that may be outstanding) for such quarter. For the purposes of determining amounts due to each Qualifying Underwriter, the average daily net asset value for each Trust shall be the average net asset value as calculated by the Manager for the applicable quarter. Nothing herein shall in any way obligate UBS Warburg to calculate the average daily net asset values of the Funds for any quarter and UBS Warburg shall be entitled to rely exclusively on the Manager's calculations. No Qualifying Underwriter shall have the right to challenge the calculation of the average daily net asset values of the Funds nor shall any Qualifying Underwriter have the right to obligate UBS Warburg to calculate the average daily net asset values for the Funds.
Payment of Additional Compensation. (a) Eaton Vance shall pay the Additional Compensation, quarterly in arrxxxx, xx xxch Class I Qualifying Underwriter in an amount equal to the product of such Qualifying Underwriter's Pro Rata Percentage multiplied by 0.0250% of the aggregate average daily gross assets of the Fund for such quarter.
Payment of Additional Compensation. (a) The Investment Adviser shall pay the Additional Compensation, quarterly in arrears, to each Lead Managing Underwriter in an amount equal to the product of such Lead Managing Underwriter's Pro Rata Percentage multiplied by (i) one-quarter of the "Applicable Percentage Factor" as set forth on Schedule A hereto times (ii) the aggregate average daily net asset value of the Fund for such quarter (including assets attributable to any preferred shares of the Fund that may be outstanding); provided, however, that in the event that the contractual advisory fee rate payable by the Fund to Xxxx Xxxxxxx Advisers or such successor or affiliate under the Investment Advisory Agreement is reduced below 0.55%, the fee payable by Xxxx Xxxxxxx Advisers to such Lead Managing Underwriter shall reduced in proportion to, and for the period of, such reduction of the advisory fee, and this agreement shall be deemed to be amended automatically to reflect the same.
Payment of Additional Compensation. (a) The Advisor shall pay the Additional Compensation, quarterly in arrears, to each Lead Managing Underwriter in an amount equal to the product of (i) one-quarter of the "Applicable Percentage Factor" as set forth on Schedule A hereto times (ii) the sum of the Fund's net asset value attributable to the Fund's outstanding common shares, plus the liquidation preference of the Fund's outstanding preferred shares plus the principal amount of any borrowings evidenced by notes, commercial paper or other similar instruments issued by the Fund ("Average Daily Managed Assets"), net of Average Daily Managed Assets, plus a proportionate amount of leverage, attributable to common shares sold to affiliates of the Advisor in the Offering, for such quarter.
Payment of Additional Compensation. The CM shall submit invoices for additional compensation with its invoice for Basic Services and payment shall be made pursuant to the provisions of Article 7 of this Agreement.
Payment of Additional Compensation. (a) The Investment Adviser shall pay the Additional Compensation, quarterly in arrears, to each Class I Qualifying Underwriter in an amount equal to the product of such Qualifying Underwriter's Pro Rata Percentage multiplied by 0.0250% of the aggregate average daily managed assets of the Trust for such quarter (including assets attributable to any preferred shares or other financial leverage of the Trust that may be outstanding); PROVIDED, HOWEVER, that in the event that the contractual advisory fee rate payable by the Trust to the Investment Adviser or such successor or affiliate under the Investment Advisory Agreement is reduced below 0.60%, the fee payable by the Investment Adviser to such Qualifying Underwriter shall be reduced in proportion to, and for the period of, such reduction of the advisory fee, and this agreement shall be deemed to be amended automatically to reflect the same.
Payment of Additional Compensation. (a) The Adviser shall pay the Additional Compensation, payable in arrears at the end of each calendar quarter, as follows: to each Primary Underwriter, Additional Compensation in an amount equal to such Primary Underwriter's Pro Rata Percentage multiplied by 0.0375% of the Trust's Managed Assets for such quarter.
Payment of Additional Compensation. Such written notice must be made to the Superintendent of Schools on or before April 1. Payment will be made to the administrator on or before September 1. If an administrator fails to resign or retire at the end of the school year pursuant to his/her notice to the Superintendent, and has been paid the lump sum payment, the administrator must repay the additional compensation in a lump sum as a condition of continued employment with the New Bedford School Department.
