{"component": "definition", "props": {"groups": [{"samples": [{"hash": "6PLbJ8rv3Ad", "uri": "/contracts/6PLbJ8rv3Ad#average-daily-managed-assets", "label": "Investment Advisory Agreement (Nexpoint Funds I)", "score": 34.4989738464, "published": true}, {"hash": "7cZWi0Sb0wp", "uri": "/contracts/7cZWi0Sb0wp#average-daily-managed-assets", "label": "Investment Advisory Agreement (Highland Floating Rate Opportunities Fund)", "score": 27.824092865, "published": true}, {"hash": "5HkJx4j7kd2", "uri": "/contracts/5HkJx4j7kd2#average-daily-managed-assets", "label": "Investment Advisory Agreement (Highland Floating Rate Opportunities Fund)", "score": 26.8193016052, "published": true}], "snippet": "of the Fund shall mean the average daily value of the total assets of the Fund, less all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings constituting financial leverage). The Adviser may waive a portion of its fees. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. Subject to the provisions of Section 5 below, the accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect.", "size": 80, "snippet_links": [{"key": "daily-value", "type": "definition", "offset": [35, 46]}, {"key": "assets-of-the-fund", "type": "clause", "offset": [60, 78]}, {"key": "liabilities-of-the-fund", "type": "clause", "offset": [97, 120]}, {"key": "aggregate-amount", "type": "definition", "offset": [137, 153]}, {"key": "outstanding-borrowings", "type": "clause", "offset": [161, 183]}, {"key": "financial-leverage", "type": "clause", "offset": [197, 215]}, {"key": "the-adviser", "type": "definition", "offset": [218, 229]}, {"key": "a-portion", "type": "definition", "offset": [240, 249]}, {"key": "agreement-becomes-effective", "type": "clause", "offset": [271, 298]}, {"key": "subsequent-to-the", "type": "clause", "offset": [299, 316]}, {"key": "day-of", "type": "clause", "offset": [323, 329]}, {"key": "a-month", "type": "definition", "offset": [330, 337]}, {"key": "last-day", "type": "clause", "offset": [368, 376]}, {"key": "compensation-for", "type": "clause", "offset": [389, 405]}, {"key": "consistent-with-the", "type": "clause", "offset": [447, 466]}, {"key": "fees-payable", "type": "clause", "offset": [486, 498]}, {"key": "monthly-basis", "type": "clause", "offset": [504, 517]}, {"key": "section-5", "type": "clause", "offset": [548, 557]}, {"key": "accrued-fees", "type": "clause", "offset": [569, 581]}, {"key": "in-effect", "type": "definition", "offset": [689, 698]}], "hash": "76a576d0d3c8375fe7623cb440caedd2", "id": 1}, {"samples": [{"hash": "k2sULXsvUm", "uri": "/contracts/k2sULXsvUm#average-daily-managed-assets", "label": "Investment Advisory Agreement (Highland Funds Ii)", "score": 19.409992218, "published": true}, {"hash": "jP1TCRyaxkj", "uri": "/contracts/jP1TCRyaxkj#average-daily-managed-assets", "label": "Investment Advisory Agreement (Highland Funds Ii)", "score": 19.409992218, "published": true}, {"hash": "i8pTBLNCH6J", "uri": "/contracts/i8pTBLNCH6J#average-daily-managed-assets", "label": "Investment Advisory Agreement (Highland Funds Ii)", "score": 19.409992218, "published": true}], "snippet": "Average Daily Managed Assets\" of the Fund shall mean the average daily value of the total assets of the Fund, less all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings constituting financial leverage). The Adviser may waive a portion of its fees. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. Subject to the provisions of Section 5 below, the accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect.", "size": 20, "snippet_links": [{"key": "daily-value", "type": "definition", "offset": [65, 76]}, {"key": "assets-of-the-fund", "type": "clause", "offset": [90, 108]}, {"key": "liabilities-of-the-fund", "type": "clause", "offset": [127, 150]}, {"key": "aggregate-amount", "type": "definition", "offset": [167, 183]}, {"key": "outstanding-borrowings", "type": "clause", "offset": [191, 213]}, {"key": "financial-leverage", "type": "clause", "offset": [227, 245]}, {"key": "the-adviser", "type": "definition", "offset": [248, 259]}, {"key": "a-portion", "type": "definition", "offset": [270, 279]}, {"key": "agreement-becomes-effective", "type": "clause", "offset": [301, 328]}, {"key": "subsequent-to-the", "type": "clause", "offset": [329, 346]}, {"key": "day-of", "type": "clause", "offset": [353, 359]}, {"key": "a-month", "type": "definition", "offset": [360, 367]}, {"key": "last-day", "type": "clause", "offset": [398, 406]}, {"key": "compensation-for", "type": "clause", "offset": [419, 435]}, {"key": "consistent-with-the", "type": "clause", "offset": [477, 496]}, {"key": "fees-payable", "type": "clause", "offset": [516, 528]}, {"key": "monthly-basis", "type": "clause", "offset": [534, 547]}, {"key": "section-5", "type": "clause", "offset": [578, 587]}, {"key": "accrued-fees", "type": "clause", "offset": [599, 611]}, {"key": "in-effect", "type": "definition", "offset": [719, 728]}], "hash": "d9eea1bcb9ecafa5d5bcc682a38b8745", "id": 2}, {"samples": [{"hash": "h2a92gHEQri", "uri": "/contracts/h2a92gHEQri#average-daily-managed-assets", "label": "Investment Sub Advisory Agreement (Highland Funds Ii)", "score": 26.2443523407, "published": true}, {"hash": "5atgOKPiLlD", "uri": "/contracts/5atgOKPiLlD#average-daily-managed-assets", "label": "Investment Sub Advisory Agreement (Highland Funds Ii)", "score": 25.0725536346, "published": true}, {"hash": "eKYGk4U9cM4", "uri": "/contracts/eKYGk4U9cM4#average-daily-managed-assets", "label": "Investment Sub Advisory Agreement (Highland Funds Ii)", "score": 24.0732383728, "published": true}], "snippet": "of the Fund shall mean the average daily value of the total assets of the Fund, less all accrued liabilities of the Fund. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. The accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect.", "size": 13, "snippet_links": [{"key": "daily-value", "type": "definition", "offset": [35, 46]}, {"key": "assets-of-the-fund", "type": "clause", "offset": [60, 78]}, {"key": "liabilities-of-the-fund", "type": "clause", "offset": [97, 120]}, {"key": "agreement-becomes-effective", "type": "clause", "offset": [130, 157]}, {"key": "subsequent-to-the", "type": "clause", "offset": [158, 175]}, {"key": "day-of", "type": "clause", "offset": [182, 188]}, {"key": "a-month", "type": "definition", "offset": [189, 196]}, {"key": "last-day", "type": "clause", "offset": [227, 235]}, {"key": "compensation-for", "type": "clause", "offset": [248, 264]}, {"key": "consistent-with-the", "type": "clause", "offset": [306, 325]}, {"key": "fees-payable", "type": "clause", "offset": [345, 357]}, {"key": "monthly-basis", "type": "clause", "offset": [363, 376]}, {"key": "accrued-fees", "type": "clause", "offset": [382, 394]}, {"key": "in-effect", "type": "definition", "offset": [502, 511]}], "hash": "784899ee65296b7a78e95dbd5142d416", "id": 3}, {"samples": [{"hash": "lvl0Bjn2AkU", "uri": "/contracts/lvl0Bjn2AkU#average-daily-managed-assets", "label": "Investment Sub Advisory Agreement (Highland Funds Ii)", "score": 17.409992218, "published": true}, {"hash": "kY7bxlQLuqr", "uri": "/contracts/kY7bxlQLuqr#average-daily-managed-assets", "label": "Investment Sub Advisory Agreement (Highland Funds Ii)", "score": 17.409992218, "published": true}, {"hash": "fttXstMbwUv", "uri": "/contracts/fttXstMbwUv#average-daily-managed-assets", "label": "Investment Sub Advisory Agreement (Highland Funds Ii)", "score": 17.409992218, "published": true}], "snippet": "means the average daily value of the assets of the Fund allocated to the Sub-Adviser, less accrued liabilities of the Fund related or allocated to such portion of the Fund's assets allocated to the Sub-Adviser (other than the aggregate amount of any outstanding borrowings constituting financial leverage). [For the avoidance of doubt, assets allocated by the Sub-Adviser to other sub- advisers pursuant to Section 2(a) of this Agreement will not be considered to have been allocated to Sub-Adviser for purposes of determining Average Daily Managed Assets, and the Sub-Adviser will not receive any fees with respect to such assets.]2 If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. The accrued fees will be payable monthly no later than the fifteenth (15) business day following the end of each month during which this Agreement is in effect.", "size": 13, "snippet_links": [{"key": "daily-value", "type": "definition", "offset": [18, 29]}, {"key": "assets-of-the-fund", "type": "clause", "offset": [37, 55]}, {"key": "allocated-to", "type": "definition", "offset": [56, 68]}, {"key": "the-sub", "type": "clause", "offset": [69, 76]}, {"key": "liabilities-of-the-fund", "type": "clause", "offset": [99, 122]}, {"key": "aggregate-amount", "type": "definition", "offset": [226, 242]}, {"key": "outstanding-borrowings", "type": "clause", "offset": [250, 272]}, {"key": "financial-leverage", "type": "clause", "offset": [286, 304]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [308, 334]}, {"key": "pursuant-to-section", "type": "clause", "offset": [395, 414]}, {"key": "this-agreement", "type": "clause", "offset": [423, 437]}, {"key": "for-purposes-of", "type": "clause", "offset": [499, 514]}, {"key": "with-respect-to", "type": "clause", "offset": [603, 618]}, {"key": "agreement-becomes-effective", "type": "clause", "offset": [642, 669]}, {"key": "subsequent-to-the", "type": "clause", "offset": [670, 687]}, {"key": "day-of", "type": "clause", "offset": [694, 700]}, {"key": "a-month", "type": "definition", "offset": [701, 708]}, {"key": "last-day", "type": "clause", "offset": [739, 747]}, {"key": "compensation-for", "type": "clause", "offset": [760, 776]}, {"key": "consistent-with-the", "type": "clause", "offset": [818, 837]}, {"key": "fees-payable", "type": "clause", "offset": [857, 869]}, {"key": "monthly-basis", "type": "clause", "offset": [875, 888]}, {"key": "accrued-fees", "type": "clause", "offset": [894, 906]}, {"key": "business-day", "type": "definition", "offset": [964, 976]}, {"key": "following-the", "type": "definition", "offset": [977, 990]}, {"key": "in-effect", "type": "definition", "offset": [1040, 1049]}], "hash": "d942ddd62aac28f9f9f30b3664fc272e", "id": 4}, {"samples": [{"hash": "8hL8UR7AW30", "uri": "/contracts/8hL8UR7AW30#average-daily-managed-assets", "label": "Investment Advisory Agreement (Impact Shares Trust I)", "score": 32.8179321289, "published": true}, {"hash": "76432uJ6q8C", "uri": "/contracts/76432uJ6q8C#average-daily-managed-assets", "label": "Investment Advisory Agreement (Impact Shares Trust I)", "score": 30.8247776031, "published": true}, {"hash": "dOBls0rSAKC", "uri": "/contracts/dOBls0rSAKC#average-daily-managed-assets", "label": "Investment Advisory Agreement (Impact Shares Trust I)", "score": 30.6495552063, "published": true}], "snippet": "so long as the Adviser has not waived in writing all or a portion of such compensation. \u201cAverage Daily Managed Assets\u201d of a Fund shall mean the average daily value of the total assets of the Fund, less all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings constituting financial leverage). The Adviser may waive a portion of its fees, by written notice the relevant Fund and the Board. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. The accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect.", "size": 9, "snippet_links": [{"key": "the-adviser", "type": "definition", "offset": [11, 22]}, {"key": "not-waived", "type": "clause", "offset": [27, 37]}, {"key": "in-writing", "type": "definition", "offset": [38, 48]}, {"key": "a-portion", "type": "definition", "offset": [56, 65]}, {"key": "daily-value", "type": "definition", "offset": [152, 163]}, {"key": "assets-of-the-fund", "type": "clause", "offset": [177, 195]}, {"key": "liabilities-of-the-fund", "type": "clause", "offset": [214, 237]}, {"key": "aggregate-amount", "type": "definition", "offset": [254, 270]}, {"key": "outstanding-borrowings", "type": "clause", "offset": [278, 300]}, {"key": "financial-leverage", "type": "clause", "offset": [314, 332]}, {"key": "by-written-notice", "type": "clause", "offset": [380, 397]}, {"key": "the-relevant-fund", "type": "definition", "offset": [398, 415]}, {"key": "the-board", "type": "clause", "offset": [420, 429]}, {"key": "agreement-becomes-effective", "type": "clause", "offset": [439, 466]}, {"key": "subsequent-to-the", "type": "clause", "offset": [467, 484]}, {"key": "day-of", "type": "clause", "offset": [491, 497]}, {"key": "a-month", "type": "definition", "offset": [498, 505]}, {"key": "last-day", "type": "clause", "offset": [536, 544]}, {"key": "compensation-for", "type": "clause", "offset": [557, 573]}, {"key": "consistent-with-the", "type": "clause", "offset": [615, 634]}, {"key": "fees-payable", "type": "clause", "offset": [654, 666]}, {"key": "monthly-basis", "type": "clause", "offset": [672, 685]}, {"key": "accrued-fees", "type": "clause", "offset": [691, 703]}, {"key": "in-effect", "type": "definition", "offset": [811, 820]}], "hash": "63118043230d644716294487a5932c87", "id": 5}, {"samples": [{"hash": "j8jr3Wvrm3w", "uri": "/contracts/j8jr3Wvrm3w#average-daily-managed-assets", "label": "Management Agreement (Liberty Floating Rate Advantage Fund)", "score": 15.0, "published": true}, {"hash": "2KmowXF4eYf", "uri": "/contracts/2KmowXF4eYf#average-daily-managed-assets", "label": "Management Agreement (Stein Roe Advisor Floating Rate Advantage Fund/Ma)", "score": 15.0, "published": true}, {"hash": "ednudq90G0F", "uri": "/contracts/ednudq90G0F#average-daily-managed-assets", "label": "Management Agreement (Liberty Floating Rate Advantage Fund)", "score": 13.0, "published": true}], "snippet": "of the Fund shall mean the average daily value of the total assets of the Fund less all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings constituting financial leverage).", "size": 8, "snippet_links": [{"key": "daily-value", "type": "definition", "offset": [35, 46]}, {"key": "assets-of-the-fund", "type": "clause", "offset": [60, 78]}, {"key": "liabilities-of-the-fund", "type": "clause", "offset": [96, 119]}, {"key": "aggregate-amount", "type": "definition", "offset": [136, 152]}, {"key": "outstanding-borrowings", "type": "clause", "offset": [160, 182]}, {"key": "financial-leverage", "type": "clause", "offset": [196, 214]}], "hash": "bb87de4f45f9c21ab29acbb0b80bad69", "id": 6}, {"samples": [{"hash": "c6WFlTymHqE", "uri": "/contracts/c6WFlTymHqE#average-daily-managed-assets", "label": "Investment Advisory and Administrative Services Agreement (Nexpoint Opportunistic Credit Fund)", "score": 26.1101989746, "published": true}, {"hash": "bDnTIDYhbkr", "uri": "/contracts/bDnTIDYhbkr#average-daily-managed-assets", "label": "Investment Advisory and Administrative Services Agreement (Nexpoint Opportunistic Credit Fund)", "score": 25.9705677032, "published": true}, {"hash": "3KZNwLcqH1L", "uri": "/contracts/3KZNwLcqH1L#average-daily-managed-assets", "label": "Investment Advisory and Administrative Services Agreement (Nexpoint Opportunistic Credit Fund)", "score": 25.8336753845, "published": true}], "snippet": "of the Trust shall mean the average daily value of the total assets of the Trust, less all accrued liabilities of the Trust (other than the aggregate amount of any outstanding leverage). Leverage includes (i) indebtedness of any type (including, without limitation, borrowing through a credit facility or the issuance of debt securities), (ii) the issuance of preferred stock or other similar preference securities, (iii) the reinvestment of collateral received for securities loaned in accordance with the Trust\u2019s investment objectives and policies, and/or (iv) any other means. The accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect. The Adviser may waive a portion of its fees. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis.", "size": 4, "snippet_links": [{"key": "daily-value", "type": "definition", "offset": [36, 47]}, {"key": "total-assets-of-the-trust", "type": "definition", "offset": [55, 80]}, {"key": "liabilities-of-the-trust", "type": "clause", "offset": [99, 123]}, {"key": "aggregate-amount", "type": "definition", "offset": [140, 156]}, {"key": "outstanding-leverage", "type": "definition", "offset": [164, 184]}, {"key": "indebtedness-of-any", "type": "clause", "offset": [209, 228]}, {"key": "without-limitation", "type": "clause", "offset": [246, 264]}, {"key": "credit-facility", "type": "definition", "offset": [286, 301]}, {"key": "issuance-of-debt-securities", "type": "clause", "offset": [309, 336]}, {"key": "issuance-of-preferred-stock", "type": "clause", "offset": [348, 375]}, {"key": "preference-securities", "type": "clause", "offset": [393, 414]}, {"key": "in-accordance-with", "type": "definition", "offset": [484, 502]}, {"key": "investment-objectives-and-policies", "type": "definition", "offset": [515, 549]}, {"key": "accrued-fees", "type": "clause", "offset": [584, 596]}, {"key": "this-agreement", "type": "clause", "offset": [686, 700]}, {"key": "in-effect", "type": "definition", "offset": [704, 713]}, {"key": "the-adviser", "type": "definition", "offset": [715, 726]}, {"key": "a-portion", "type": "definition", "offset": [737, 746]}, {"key": "agreement-becomes-effective", "type": "clause", "offset": [768, 795]}, {"key": "subsequent-to-the", "type": "clause", "offset": [796, 813]}, {"key": "day-of", "type": "clause", "offset": [820, 826]}, {"key": "a-month", "type": "definition", "offset": [827, 834]}, {"key": "last-day", "type": "clause", "offset": [865, 873]}, {"key": "compensation-for", "type": "clause", "offset": [886, 902]}, {"key": "consistent-with-the", "type": "clause", "offset": [944, 963]}, {"key": "fees-payable", "type": "clause", "offset": [983, 995]}, {"key": "monthly-basis", "type": "clause", "offset": [1001, 1014]}], "hash": "7d4f579c1d6f2b919adaa64a0b8d996a", "id": 7}, {"samples": [{"hash": "dux81JA2l5O", "uri": "/contracts/dux81JA2l5O#average-daily-managed-assets", "label": "Investment Sub Advisory Agreement (Highland Funds Ii)", "score": 23.0766601562, "published": true}, {"hash": "ca5AnWnW2th", "uri": "/contracts/ca5AnWnW2th#average-daily-managed-assets", "label": "Investment Sub Advisory Agreement (Highland Funds Ii)", "score": 23.0766601562, "published": true}, {"hash": "8RTLdfJgdl7", "uri": "/contracts/8RTLdfJgdl7#average-daily-managed-assets", "label": "Investment Sub Advisory Agreement (Highland Funds Ii)", "score": 23.0766601562, "published": true}], "snippet": "means the average daily value of the assets of the Fund allocated to the Sub-Adviser, less accrued liabilities of the Fund related or allocated to such portion of the Fund\u2019s assets allocated to the Sub-Adviser (other than the aggregate amount of any outstanding borrowings constituting financial leverage). If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. The accrued fees will be payable monthly no later than the fifteenth (15) business day following the end of each month during which this Agreement is in effect.", "size": 4, "snippet_links": [{"key": "daily-value", "type": "definition", "offset": [18, 29]}, {"key": "assets-of-the-fund", "type": "clause", "offset": [37, 55]}, {"key": "allocated-to", "type": "definition", "offset": [56, 68]}, {"key": "the-sub", "type": "clause", "offset": [69, 76]}, {"key": "liabilities-of-the-fund", "type": "clause", "offset": [99, 122]}, {"key": "aggregate-amount", "type": "definition", "offset": [226, 242]}, {"key": "outstanding-borrowings", "type": "clause", "offset": [250, 272]}, {"key": "financial-leverage", "type": "clause", "offset": [286, 304]}, {"key": "agreement-becomes-effective", "type": "clause", "offset": [315, 342]}, {"key": "subsequent-to-the", "type": "clause", "offset": [343, 360]}, {"key": "day-of", "type": "clause", "offset": [367, 373]}, {"key": "a-month", "type": "definition", "offset": [374, 381]}, {"key": "last-day", "type": "clause", "offset": [412, 420]}, {"key": "compensation-for", "type": "clause", "offset": [433, 449]}, {"key": "consistent-with-the", "type": "clause", "offset": [491, 510]}, {"key": "fees-payable", "type": "clause", "offset": [530, 542]}, {"key": "monthly-basis", "type": "clause", "offset": [548, 561]}, {"key": "accrued-fees", "type": "clause", "offset": [567, 579]}, {"key": "business-day", "type": "definition", "offset": [637, 649]}, {"key": "following-the", "type": "definition", "offset": [650, 663]}, {"key": "in-effect", "type": "definition", "offset": [713, 722]}], "hash": "596e03b53bf37ad9f79a32467ad67fd7", "id": 8}, {"samples": [{"hash": "kJgSxlMuVMo", "uri": "/contracts/kJgSxlMuVMo#average-daily-managed-assets", "label": "Investment Advisory Agreement", "score": 29.3408622742, "published": true}, {"hash": "7HC6CA6kOhK", "uri": "/contracts/7HC6CA6kOhK#average-daily-managed-assets", "label": "Investment Advisory Agreement (Highland Funds I)", "score": 24.8206710815, "published": true}, {"hash": "Df3MS7q9pH", "uri": "/contracts/Df3MS7q9pH#average-daily-managed-assets", "label": "Investment Advisory Agreement (Highland Funds I)", "score": 24.4017791748, "published": true}], "snippet": "of a Fund shall mean the average daily value of the total assets of the Fund, less all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings constituting financial leverage). The Adviser may waive a portion of its fees. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. The accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect.", "size": 3, "snippet_links": [{"key": "daily-value", "type": "definition", "offset": [33, 44]}, {"key": "assets-of-the-fund", "type": "clause", "offset": [58, 76]}, {"key": "liabilities-of-the-fund", "type": "clause", "offset": [95, 118]}, {"key": "aggregate-amount", "type": "definition", "offset": [135, 151]}, {"key": "outstanding-borrowings", "type": "clause", "offset": [159, 181]}, {"key": "financial-leverage", "type": "clause", "offset": [195, 213]}, {"key": "the-adviser", "type": "definition", "offset": [216, 227]}, {"key": "a-portion", "type": "definition", "offset": [238, 247]}, {"key": "agreement-becomes-effective", "type": "clause", "offset": [269, 296]}, {"key": "subsequent-to-the", "type": "clause", "offset": [297, 314]}, {"key": "day-of", "type": "clause", "offset": [321, 327]}, {"key": "a-month", "type": "definition", "offset": [328, 335]}, {"key": "last-day", "type": "clause", "offset": [366, 374]}, {"key": "compensation-for", "type": "clause", "offset": [387, 403]}, {"key": "consistent-with-the", "type": "clause", "offset": [445, 464]}, {"key": "fees-payable", "type": "clause", "offset": [484, 496]}, {"key": "monthly-basis", "type": "clause", "offset": [502, 515]}, {"key": "accrued-fees", "type": "clause", "offset": [521, 533]}, {"key": "in-effect", "type": "definition", "offset": [641, 650]}], "hash": "dca620c226784aa8c5e07145cda2db55", "id": 9}, {"samples": [{"hash": "d4TF0ce73DI", "uri": "/contracts/d4TF0ce73DI#average-daily-managed-assets", "label": "Advisory Agreement (Loomis Sayles Credit Income Opportunities Fund)", "score": 35.3203285421, "published": true}, {"hash": "5XCxqgBLbxL", "uri": "/contracts/5XCxqgBLbxL#average-daily-managed-assets", "label": "Advisory Agreement (Natixis Funds Trust II)", "score": 21.2368240356, "published": true}, {"hash": "7Cf9eQcuycv", "uri": "/contracts/7Cf9eQcuycv#average-daily-managed-assets", "label": "Advisory Agreement (Natixis Funds Trust II)", "score": 20.74127388, "published": true}], "snippet": "of the Series means the average daily value of the total assets of the Series, less all accrued liabilities of the Series (other than the aggregate amount of any outstanding borrowings constituting financial leverage). Such compensation shall be payable monthly in arrears or at such other intervals, not less frequently than quarterly, as the Board of Trustees of the Trust may from time to time determine and specify in writing to the Adviser. The Adviser hereby acknowledges that the Trust\u2019s obligation to pay such compensation is binding only on the assets and property belonging to the Series.", "size": 3, "snippet_links": [{"key": "daily-value", "type": "definition", "offset": [32, 43]}, {"key": "total-assets", "type": "definition", "offset": [51, 63]}, {"key": "liabilities-of-the-series", "type": "clause", "offset": [96, 121]}, {"key": "aggregate-amount", "type": "definition", "offset": [138, 154]}, {"key": "outstanding-borrowings", "type": "clause", "offset": [162, 184]}, {"key": "financial-leverage", "type": "clause", "offset": [198, 216]}, {"key": "monthly-in-arrears", "type": "definition", "offset": [254, 272]}, {"key": "board-of-trustees-of-the-trust", "type": "clause", "offset": [344, 374]}, {"key": "from-time-to-time", "type": "clause", "offset": [379, 396]}, {"key": "in-writing", "type": "definition", "offset": [419, 429]}, {"key": "to-the-adviser", "type": "clause", "offset": [430, 444]}, {"key": "obligation-to-pay", "type": "clause", "offset": [495, 512]}, {"key": "assets-and-property", "type": "clause", "offset": [554, 573]}], "hash": "ba83f034897b66d714a1df8a05c702d7", "id": 10}], "next_curs": "CmkSY2oVc35sYXdpbnNpZGVyY29udHJhY3RzckULEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIlYXZlcmFnZS1kYWlseS1tYW5hZ2VkLWFzc2V0cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Average Daily Managed Assets", "snippet": "of the Fund shall mean the average daily value of the total assets of the Fund, less all accrued liabilities of the Fund (other than the aggregate amount of any outstanding borrowings constituting financial leverage). The Adviser may waive a portion of its fees. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for such month shall be computed in a manner consistent with the calculation of the fees payable on a monthly basis. Subject to the provisions of Section 5 below, the accrued fees will be payable monthly as promptly as possible after the end of each month during which this Agreement is in effect.", "size": 139, "id": "average-daily-managed-assets", "examples": ["The value of the Fund&#x27;s <strong>Average Daily Managed Assets</strong> shall be computed at the times and in the manner specified by the Registration Statement.", "The value of the Funds <strong>Average Daily Managed Assets</strong> shall be computed at the times and in the manner specified by the Registration Statement.", "In return for its investment advisory services, the Fund will pay the Manager a monthly fee, computed and accrued daily, based on an annual rate of 0.65% of the <strong>Average Daily Managed Assets</strong> of the Fund for the first one billion dollars ($1,000,000,000), 0.60% of the <strong>Average Daily Managed Assets</strong> of the Fund for the next one billion dollars ($1,000,000,000), and 0.55% of the <strong>Average Daily Managed Assets</strong> of the Fund over two billion dollars ($2,000,000,000).", "The value of the Fund\u2019s <strong>Average Daily Managed Assets</strong> shall be computed at the times and in the manner specified by the Registration Statement.", "At the time of each payment of Additional Compensation hereunder, the Advisor shall deliver to the Lead Managing Underwriters a statement indicating the amount of the aggregate <strong>Average Daily Managed Assets</strong> on which such payment was based.", "In return for its advisory services, the Sub-Adviser shall be paid a monthly fee, computed and accrued daily, based on an annual rate of 0.50% of the Fund\u2019s <strong>Average Daily Managed Assets</strong>.", "For the services rendered, the facilities furnished and the expenses assumed by the Investment Adviser under this Agreement, each Fund will pay to the Investment Adviser at the end of each calendar month a management fee at an annual percentage rate (as set forth on Appendix A with respect to each Fund) of such Fund\u2019s <strong>Average Daily Managed Assets</strong>.", "As compensation for services rendered by Highland during the term of this Agreement, the Trust will pay, on behalf of each Portfolio, to Highland an annual fee, payable monthly, in an amount equal, with respect to each Portfolio, to the percentage set forth on Exhibit A hereto of each Portfolio\u2019s <strong>Average Daily Managed Assets</strong>.", "At the time of each payment of Additional Compensation hereunder, the Advisor shall deliver to the Lead Managing Underwriter a statement indicating the amount of the aggregate <strong>Average Daily Managed Assets</strong> on which such payment was based.", "As compensation for services rendered by Highland during the term of this Agreement, the Fund will pay to Highland an annual fee, payable monthly, in an amount equal to 0.20% of the Fund\u2019s <strong>Average Daily Managed Assets</strong>."], "related": [["managed-assets", "Managed Assets", "Managed Assets"], ["average-daily-flow", "Average Daily Flow", "Average Daily Flow"], ["average-daily-net-assets", "average daily net assets", "average daily net assets"], ["average-daily-membership", "Average daily membership", "Average daily membership"], ["fully-managed-account", "fully managed account", "fully managed account"]], "related_snippets": [], "updated": "2026-04-30T06:05:53+00:00"}, "json": true, "cursor": ""}}