Examples of Combined Assets in a sentence
Maximising recovery of (or contribution to) the capital cost associated with Contributed Assets, determined with reference to the useful life of the Contributed Assets and Rate of Return approved under this Undertaking, in proportion to relative consumption of the Combined Assets.
If the Combined Assets are reduced to $2 billion or less due to withdrawals or redemptions, beginning with the start of the first calendar year following the date on which such withdrawal or redemption reduced such Combined Assets to $2 billion or less, the fee shall be calculated based on average daily net assets of the Account at annual rate of 0.075%.
For so long as the Combined Assets (as defined below) are greater than $2 billion, the fee shall be at the annual rate of 0.065% of the average daily net assets of the Account.
For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be calculated daily and payable monthly in arrears at the annual rate of 0.15% of the first $50 million of the Combined Assets; 0.10% of the next $100 million of the Combined Assets and 0.05% on Combined Assets over $150 million.
Maximising recovery of (or contribution to) the non- capital component (operating expenditure) of applicable FCC and NCC, in proportion to relative consumption of Combined Assets.