Management Fee Distribution definition

Management Fee Distribution means an amount equal to the difference between the Management Fees otherwise chargeable by the Manager and a reduced fee determined by the Manager, at its discretion, from time to time, and that is distributed by an ETF quarterly in cash to Unitholders of the ETF who hold large investments in that ETF;

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Management Fee Distribution means a distribution pursuant to Section 16.11.

Management Fee Distribution shall have the meaning set forth in Section 9.2(h) of this Agreement.

Examples of Management Fee Distribution in a sentence

• For each Money Market Fund, the Manager shall determine the amount of the Fund’s net income for a calendar year that accrues each day in the year (excluding net income that becomes payable to Unitholders pursuant to Section 16.11 (Management Fee Distribution)), and the portion of the net income accruing each day that is allocable to each series of Units of the Fund.

• For purposes of determining the Management Fee, the NAV of the Company and the NAV of the Units will be calculated before giving effect to any accruals for the Management Fee, Distribution Fees, the Performance Allocation (as defined in the Operating Partnership Agreement) or any Distributions payable on Shares or distributions payable on Units.

• The Company will pay the Advisor a management fee (the “Management Fee”) equal to 1.25% of NAV of the Company per annum payable monthly, before giving effect to any accruals for the Management Fee, Distribution Fees, the Performance Fee or any Distributions.

• The Trustee may also in its discretion agree to reduce the operating expenses incurred by the Fund and borne by a unitholder through an appropriate reimbursement to the Fund, provided that the benefit of such reduction will be distributed to such unitholder, in which case such distribution shall also be a Management Fee Distribution.

More Definitions of Management Fee Distribution

Management Fee Distribution means a distribution pursuant to Section 6.6;

Management Fee Distribution means an amount equal to the difference between the management fee otherwise chargeable and a reduced management fee payable (both amounts being inclusive of sales taxes), which is distributed by the Smart Portfolio to eligible Account(s) and automatically reinvested in additional units of the applicable Smart Portfolio.

Management Fee Distribution means the amount distributed to a Unitholder by a Fund in the event that the Manager agrees as a condition of a purchase of Units or any Series of Units of the Fund to accept a Management Fee with respect to the Units held by a Unitholder which is less than that otherwise payable;

Management Fee Distribution has the meaning ascribed thereto in section 6.01(3);