Annual Minimum Fee definition
Annual Minimum Fee means $900,000 for each fiscal year of this Agreement.
Annual Minimum Fee. The Annual Minimum Fee for the Fund Complex shall be $200,000, provided that the Fund Complex has two portfolios. In addition, the Annual Minimum Fee shall be increased by $100,000, allocable among all of the portfolios, for each additional portfolio established after the date hereof; and $15,000, allocable among all of the portfolios, for each additional class of shares established after the date hereof. The Annual Minimum Fee shall be calculated and payable monthly, in arrears.
Annual Minimum Fee. (The Administration and Accounting Fee assumes a tiered minimum fee per fund as follows):
Examples of Annual Minimum Fee in a sentence
The Series Complex will be charged the greater of its Asset Based Fee or its Annual Minimum Fee, in each case calculated in the manner set forth below.
The Fund Complex will be charged the greater of its Asset Based Fee or its Annual Minimum Fee, in each case calculated in the manner set forth below.
The Trust will be charged the greater of the Asset Based Fee or the Annual Minimum Fee, in each case calculated in the manner set forth below.
Each Portfolio will be charged its pro rata portion of the greater of the Asset Based Fee or the Annual Minimum Fee, in each case calculated in the manner set forth below.
Notwithstanding the foregoing, for such period of time from the commencement of this Agreement until the date that Gross Equity Raised is $50.0 million or more, the monthly Base Management Fee shall be equal to 1/12th of 1% of the Gross Equity Raised without regard to the Annual Minimum Fee.
More Definitions of Annual Minimum Fee
Annual Minimum Fee for each Avail Year shall be as follows: Avail Year 1: US$300,000 Avail Year 2 (if any): US$330,000 Avail Year 3 (if any): US$363,000
Annual Minimum Fee. The initial Annual Minimum Fee shall be determined based upon the number of Funds within the Series as of the date on which the Series is launched, as follows: Up to three Funds: $__________ per Fund Four or more Funds: $_________ per Fund The Annual Minimum Fee shall thereafter be increased at a rate of $________ per additional Fund for each Fund added after the date on which the Series is launched. The foregoing Annual Minimum Fees assume that each Fund includes one class of shares of beneficial interest (each, a "CLASS"). In the event a Fund is comprised of more than one Class, such Fund will be assessed an additional annual fee equal to $15,000 per Class. NEW FUND FEES: There will be a one-time additional service charge of $10,000 for services provided by Administrator in assisting and coordinating the launch of each new Fund on behalf of the Investment Advisor, such fee to be paid by the Investment Advisor by electronic wire transfer of immediately available funds to the wire instructions set forth below in advance of Administrator beginning performance of the new Fund organizational services. Wells Fargo Bank NA Winsto▇-▇▇▇▇▇, ▇▇ ABA # 053000219 ▇▇▇ ▇▇▇▇stments Company Acct #2079900401288 Ref: [INVESTMENT ADVISOR NAME] -- New Fund INVESTMENT ADVISOR To the extent that the Board of Trustees of the Trust (the "BOARD") has MAINTENANCE FEE: approved a Fund within the Series and approved the Investment Advisor as the Fund's advisor, and such Fund is not Live (as defined below) by the date that is the three month anniversary of the date of the last such approval (the "APPROVAL DATE"), then the Investment Advisor shall pay SEI a relationship maintenance fee equal to $1,000 per month for each month that the Fund is not Live and such fee shall be retroactive to include each of the first three months following the Approval Date. For purposes of the foregoing, a Fund shall be deemed to be "Live" as of the date on which Administrator first calculates such Fund's official net asset value. ANNUAL CPI The fees payable hereunder shall be subject to one annual increase at INCREASE: Administrator's discretion, equal to the percentage increase in the Philadelphia Consumer Price Index since the effective date of the Series Schedule with respect to the first such increase and since the date of the immediately preceding increase with respect to all subsequent increases; provided, however, that Administrator shall notify the Series' Investment Advisor of its intent to effe...
Annual Minimum Fee. The Series Complex Annual Minimum Fee shall be $XXX per Fund. Implementation Fees: $XXX one-time implementation fee for the initial launch of the first Fund, plus $XXX one-time implementation fee applicable to each additional Fund added to the Series Complex hereafter. Out of Pocket Expenses: All reasonable out of pocket expenses (i.e., blue sky fees, fulfillment charges, pricing service fees, postage, registration fees, facsimile and telephone charges) incurred by the Administrator on behalf of the Fund will be billed to the Fund quarterly in arrears.
Annual Minimum Fee. The Annual Minimum Fee shall be $150,000 per portfolio. In addition, the Annual Minimum Fee shall be increased by $25,000 for each additional class established after the date hereof.
Annual Minimum Fee. The initial Annual Minimum Fee shall be $100,000 for each Fund with either a Core Plus or High Yield investment strategy, $110,000 for each Fund with a Multi-Sector investment strategy, and $100,000 for each Fund with an Equity Growth Plus investment strategy. The foregoing Annual Minimum Fees assume that each Fund includes one class of shares of beneficial interest (each, a "Class"). In the event a Fund is comprised of more than one Class, the Fund will be assessed an additional annual fee equal to $10,000 per Class.
Annual Minimum Fee. The Annual Minimum Fee shall be $125,000 per Fund, and shall be payable by a Fund in the event that for any month, the accrued asset based fees for such Fund do not exceed $10,416.67. The foregoing Annual Minimum Fees assume that each Fund includes up to two classes of shares of beneficial interest (each, a “Class”). In the event a Fund is comprised of more than two Classes, such Fund will be assessed an additional annual fee equal to $15,000 per Class in excess of two.
Annual Minimum Fee. The Annual Minimum Fee for each Fund will be $xxx per year; provided however, that from the date on which the Administrator first calculates a Fund’s net asset value (the “Fund Live Date” through the first anniversary of the Fund Live Date, the Administrator hereby agrees to waive the Fund’s Annual Minimum Fee, and only the Asset Based Fees shall apply. From the first anniversary of the Fund Live Date through the second anniversary of the Fund Live Date, the Administrator hereby agrees to reduce the Annual Minimum Fee to $xxx. From and after the second anniversary of a Fund Live Date applicable to each Fund, the Annual Minimum Fee of $xxx shall apply. Implementation Fees: $xxx one-time implementation fee for initial launch of R▇▇ Gold Hedged S&P 500 ETF and R▇▇ Gold Hedged FTSE Emerging Markets ETF, plus $xxx one-time implementation fee applicable to each additional Fund added to the Series Complex hereafter.