Sponsor Fee. As of the last day of each month, an amount equal to the following percentage of each Capital Account of each Member as of the last business day of such month, after taking into account the allocation of Net Capital Appreciation or Net Capital Depreciation to such Member's Capital Accounts effective as of the end of such month, but before any redemptions or distributions or the Incentive Allocation effective as of the end of such month, shall be deducted from each Capital Account of each Member and paid to the Manager (the “Sponsor Fee”):
Sponsor Fee. (i) The Trust shall pay to the Sponsor a fee (the “Sponsor fee”), payable in bitcoin, which shall accrue daily in U.S. Dollars at an annual rate equal to a percentage, to be determined by the Sponsor, of the Bitcoin Holdings of the Trust as of 4:00 p.m. Eastern Time on each day, provided that for a day that is not a Business Day, the calculation shall be based on the Index from the most recent Business Day. The amount of bitcoin payable in respect of each daily U.S. Dollar accrual shall be determined by reference to the same Index used to determine such accrual. The Sponsor fee is payable to the Sponsor weekly in arrears.
Sponsor Fee. (a) On the Closing Date, the Company shall make indefeasible payment of the Sponsor Fee to Harbinger. Payment of the Sponsor Fee shall be satisfied by issuance by the Company of 2,641,000 shares of Voting Common Stock (the "Sponsor Fee Shares") to Harbinger Master, Harbinger Special, Harbinger Fund, Harbinger Satellite Fund and/or one or more Harbinger Designees (such entity or entities referred to as the "Sponsor Fee Payees"), as directed by Harbinger in written notice to the Company at least one (1) Business Day prior to Closing Date.
Sponsor Fee. The Company shall further pay to the Joint Sponsors a sponsorship and documentation fee and such other fees and expenses of such amount and in such manner as have been separately agreed between the Company (or any member of the Group) and the Joint Sponsors pursuant to the Sponsor and the Sponsor-OC Engagement Agreement.
Sponsor Fee. The Company shall pay to the Sole Sponsor the sponsor fee of such amount and in such manner as set out in the Sponsor Engagement Letter, it being agreed by the Sole Sponsor and the Company that upon completion of the Global Offering, such sponsor fee (but not any other outstanding accrued Out-of-pocket Expenses (as defined in the Sponsor Engagement Letter)) shall be deducted from any Underwriting Commission payable to the Sole Sponsor in respect of the Global Offering.
Sponsor Fee. The Company, the Global Co-ordinator, the Initial Underwriters and the Additional Underwriters agree that the last sentence in Clause 10.1 of the Underwriting Agreement as set out below: “In addition, the Company shall pay to the Sponsor in consideration for its services under this Agreement a fee of GBP 1,553,656 or, if Admission occurs on or after 4 October 0000, XXX 553,656 (the “Sponsor Fee”)”, shall be deleted in its entirety and replaced with the following: “In addition, the Company will pay to the Sponsor a fee of up to GBP 1,553,656 (the “Sponsor Fee”) in consideration for its services under this Agreement. Any payment made to the Sponsor pursuant to the foregoing shall be based upon the Company’s assessment, in its absolute discretion, of the Sponsor’s performance in its capacity as sponsor in connection with the Rights Issue and Admission.”
Sponsor Fee. (i) The Trust shall pay to the Sponsor a unified fee (the “Sponsor Fee”) as set forth in the Sponsor Agreement. The Sponsor Fee will accrue daily and be payable monthly in bitcoin or cash. The Sponsor may agree to waive or reduce the Sponsor Fee in its sole discretion without Shareholder consent or approval.
Sponsor Fee. The Fund will pay a sponsor fee (the “Sponsor Fee”) to the Sponsor with respect to each Class . Each Class A Shareholder will be charged a Sponsor Fee equal to 0.125% of the average aggregate month-end Net Asset Values of each Class A Shares held by such Shareholder that remain outstanding during the month (a 1.5% annual rate). Each Class B Shareholder will be charged a Sponsor Fee equal to 0.0833% of the average aggregate month-end Net Asset Values of each Class B Share held by such Shareholder that remain outstanding during the month (a 1.0% annual rate). The Sponsor may pay Selling Agents a portion of its Sponsor Fees and other Selling Agents may receive a portion of the Distribution Fee payable on Class A Shares.
Sponsor Fee. The Sponsor Fee is $2,000.00.
Sponsor Fee. The parties agree that when the Third Party Assets of the Trust equal or exceed $500 million, for so long as Merk remains sponsor of the Trust, Vxx Xxx will have the right to propose the rate of the Sponsor’s Fee to Merk, which Merk shall not unreasonably reject and shall timely adopt if reasonable, provided, only the formal named sponsor of the Trust shall have the right to set the Sponsor’s Fee at any time.
