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

• ANNUAL MINIMUM FEE The Administrative, Fund Accounting and Transfer Agency Fees set forth above are subject to an annual complex minimum of $125,000.

• DEFINITIONS.FOR THE PURPOSE OF THIS CHAPTER, UNLESS THE CONTEXT OTHERWISE REQUIRES, THE FOLLOWING TERMS, PHRASES, WORDS, AND THEIR DERIVATIVES SHALL HAVE THE MEANINGS GIVEN: ANNUAL MINIMUM FEE (AMF) MEANS THE ANNUAL FEE THAT IS REQUIRED FOR USE OF THE CITY RIGHT-OF-WAY FOR THE INSTALLATION AND OPERATION OF THE NETWORK FACILITIES TO PROVIDE FIBER-OPTIC SERVICES.

• REQUESTED CONFIDENTIAL TREATMENT DEFINITIONS APPENDIX GENERAL DEFINITIONS: ANNUAL MINIMUM FEE has the meaning assigned in Section 2.01(d) hereof.

• In no event shall any ANNUAL MINIMUM FEE for any ANNUAL PERIOD under this Section 2.01(d) or any portion thereof be refunded to LICENSEE or credited towards royalties due for any other ANNUAL PERIOD.

• Commencing with the ANNUAL PERIOD beginning on ***********, on each October 1st, for so long as any of the licenses granted to LICENSEE hereunder are in effect, LICENSEE shall pay an annual minimum royalty fee ("ANNUAL MINIMUM FEE") of ************ The ANNUAL MINIMUM FEE paid under this Section 2.01(d) shall be creditable with respect to royalties that may become payable pursuant to Section 2.01(b) for the single relevant ANNUAL PERIOD.

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 $125,000 per Fund The foregoing Annual Minimum Fee assumes that each Fund includes two classes of shares of beneficial interest (each, a "CLASS"). In the event a fund is comprised of more than two Classes, the Fund will be assessed an additional annual fee equal to $15,000 per Class. For each sub-advisor appointed in respect of a Fund, an additional annual fee of $25,000 per sub-advisor shall be assessed. To the extent that the Investment Advisor or a sub-advisor manage more than one investment strategy (each a "SLEEVE") within a Fund, an additional annual fee of $10,000 shall be assessed for each additional sleeve for which SEI will provide separate accounting and reporting. NEW FUND FEES: There will be a one-time additional service charge of $15,000 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. [Redacted] INVESTMENT ADVISOR To the extent that the Board of Trustees of the Trust (the "BOARD") MAINTENANCE FEE: has 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 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 Annual Minimum Fee shall be $110,000 per Fund. The foregoing Annual Minimum Fees assume that the Fund includes one class. In the event the Fund is comprised of more than one class, the Fund will be assessed an additional annual fee equal to $15,000 per class.

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 for the Fund Complex during the first year of fund operations shall be $45,000. Thereafter, the Fund Complex will be subject to an Annual Minimum Fee of $100,000, provided that the Fund Complex has one portfolio. 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 $12,000, allocable among all of the portfolios, for each additional class of shares established after the date hereof.

ANNUAL MINIMUM FEE. The Annual Minimum Fee shall be calculated and assessed monthly in arears based on the total number of Funds in the Frost Fund Complex and allocated to each Fund pro-rata based on the average daily net assets of each Fund as of the prior month end, as follows: Initial 8 Funds: $900,000 One or more Funds after $90,000 per the Initial 8 Funds: additional Fund The foregoing Annual Minimum Fees assume that each Fund includes two classes of shares. In the event a Fund is comprised of more than two classes, the Frost Fund Complex will be assessed an additional annual fee equal to $15,000 per additional class.