Common use of Payment of Additional Compensation Clause in Contracts

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.