Net Advisory Fees definition

Net Advisory Fees means (i) the investment advisory fee due to the Adviser pursuant to the Advisory Agreement reduced by (ii) the sum of (a) any portion of such advisory fee waived by the Adviser, and any Fund expenses paid by the Adviser, to enable the Fund to meet its annual expense cap as stated in the Fund's prospectus, (b) any legal, administrative and organizational expenses of the Fund incurred by the Adviser in connection with the commencement of the Fund, (c) any networking, shareholder servicing, revenue sharing or other charges levied by any distribution platforms in connection with the Fund and paid by the Adviser, (d) any distribution service charges paid by the Adviser in connection with the Fund, (e) any charges for printing of Fund marketing materials paid by the Adviser, and (f) as agreed to in advance by the Adviser and the Subadviser, any cost of public relations services for the Fund paid by the Adviser. The Adviser agrees to inform and obtain the Subadviser's approval before agreeing to incur expenses that were not contemplated in the budget for the Fund including but not limited to costs associated with the creation and maintenance of a website for the Fund, public relations and media services, or other extraordinary charges. In the event the Net Advisory Fees for any quarter is negative (i.e., results in a net loss), the Subadviser shall pay the Adviser an amount equal to 50% of the Net Advisory Fees (i.e., the net loss) for such quarter. Within fifteen day of the end of each quarter, the Adviser shall provide to the Subadviser a detailed invoice of Net Advisory Fees, which shall set forth the investment advisory fee due to the Adviser pursuant to the Advisory Agreement and an itemized schedule of all expenses incurred by the Adviser which shall be deducted from such advisory fee pursuant to this Appendix A. The Adviser shall give the Subadviser reasonable access to its books and records to permit the Subadviser to verify such expenses.
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Net Advisory Fees means (i) the investment advisory fee due to the Advisor by the Fund pursuant to the Registered Fund Advisory Agreement reduced by (ii) the sum of (a) any portion of such advisory fee waived by the Advisor, and any Fund expenses paid by the Advisor, to enable the Fund to meet its annual expense cap as stated in the Fund’s prospectus and (b) any legal, administrative and organizational expenses of the Fund borne by the Advisor. By way of example, if the Net Advisory Fees received by the Advisor from January 1st through March 31st total $1,500,000, the Sub-advisor shall be entitled to the following sub-advisory fees: Month Net Advisory Fees: Fee % Sub-advisory Fee: January $500,000 30% $150,000 February $500,000 30% $150,000 March $200,000 30% $60,000 $300,000 50% $150,000 Within 30 days of the end of each calendar month, the Advisor shall provide to the Sub-advisor an invoice of Net Advisory Fees, which shall set forth the investment advisory fee due to the Advisor pursuant to the Registered Fund Advisory Agreement and the fees waived and/or Fund expenses paid by the Advisor. The Advisor shall give the Sub-advisor reasonable access to its books and records upon written request to permit the Sub-advisor to verify such amounts.
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Net Advisory Fees means an amount equal to the advisory fees received from the Fund (including any fund with respect to which any assets of the Fund are transferred and Buyer or an affiliate thereof is the manager), after giving effect to any fee waivers or expense reimbursements in accordance with the Expense Limitation Agreement; provided, however, that if Buyer or an affiliate thereof reduces the advisory fee percentage from the level applicable to the Fund as of the date of this Agreement, Net Advisory Fees shall be calculated based on the fee percentage in place as of the date of this Agreement; provided, further, that if any amendment is made to the Expense Limitation Agreement after the Closing that would reduce the calculation of Net Advisory Fees, such amendment shall be disregarded for the purposes of calculating Net Advisory fees hereunder; provided, further, that, as set forth in Section 6 above, all expenses related to any of the transactions contemplated hereunder, including without limitation the Board Approval, the Fund Stockholder Approval or any merger involving the Fund, shall be borne solely by the Buyer and shall not be charged to the Fund for purposes of calculating the Net Advisory Fees hereunder; provided, further, that any extraordinary expenses of the Fund not incurred in the ordinary course of business or otherwise not consistent with the spirit of this Agreement shall be excluded from any calculation of Net Advisory Fees.
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Examples of Net Advisory Fees in a sentence

  • Net Advisory Fees are defined as advisory fees collected from the Fund net of fee waivers or expense reimbursements due to the expense caps and any extraordinary expenses related to the management and sponsorship of the Fund, including but not limited to, litigation and legal expenses as recorded on the financial statements of the Adviser.

  • Net Advisory Fees are expected to be paid to the Adviser by the Fund on a monthly basis, and the Adviser shall pay Subadviser its portion promptly upon receipt.

  • For the services to be rendered by the Subadviser hereunder, the Adviser shall pay to the Subadviser a fee, based on advisory fees actually received by the Adviser, payable in monthly installments, and equal to 50% of Net Advisory Fees (as defined below).

  • For the services provided and the expenses borne pursuant to this Sub-Advisory Agreement, the Adviser will pay to the Sub-Adviser as full compensation therefor a fee equal to 50% of the Net Advisory Fees paid by the Fund to the Adviser.

  • The Lead Authorities are working within an agreed assurance framework process in the preparation of the business cases for their respective projects.

  • Net Advisory Fees are expected to be paid to the Advisor by the Fund on a monthly basis, and the Advisor shall pay Subadvisor its portion promptly upon receipt.

  • Net Advisory Fees are defined as the Advisory Fee, less deductions for any 1) waivers of Advisory Fee, 2) reimbursement of Fund operating expenses, 3) payments made pursuant to any revenue sharing, administration or sub-transfer agency fee arrangement not paid by the Fund.

  • Contractual Advisory Fees Incurred Waived Fees and/or Expenses Reimbursed by the Adviser Net Advisory Fees paid to the Adviser PORTFOLIO MANAGERS The portfolio managers listed below have responsibility for the day-to-day management of accounts other than the Fund.The information listed below for such other accounts is as of December 31, 2020.

  • Net Advisory Fees are defined as advisory fees collected from the Fund net of fee waivers due to the expense caps and any extraordinary expenses directly related to the management and sponsorship of the Fund (including but not limited to, regulatory, litigation and legal expenses as recorded on the financial statements of the Fund and Advisor and directly related to the management and sponsorship of the Fund).

  • Rental expense is processed as an Agency Purchase Order not as a travel expense.


More Definitions of Net Advisory Fees

Net Advisory Fees are defined as management fees less fee waivers due to the expense caps and any extraordinary expenses related to the management and sponsorship of the Fund, including but not limited to, regulatory, litigation and legal expenses as recorded on the financial statements of the Fund and Adviser. To the extent the Adviser is required to waive its entire management fee pursuant to any fee waiver and operating expense limitation agreement in effect between the Adviser and the Fund, the Sub-Adviser will pay to the Adviser an amount equal to 50% of Fund expenses paid by the Adviser pursuant to any fee waiver and operating expense limitation agreement in effect between the Adviser and the Fund..
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Related to Net Advisory Fees

  • Advisory Fees means financial advisory fees, closing fees, transaction fees, monitoring fees, oversight fees and similar fees, expenses and indemnities payable by the Loan Parties pursuant to the Advisory Agreement, but in the case of any such fees not to exceed the amounts payable in respect thereof under the Advisory Agreement as in effect on the Closing Date.

  • Advisory Fee shall have the meaning given to it in Section 2.2(f) hereof.

  • Transaction Fees means fees paid or payable by the Service Recipients, which are on market terms, with respect to financial advisory services ordinarily carried out by investment banks in the context of mergers and acquisitions transactions.

  • Annual Fees means the annual fees determined by the Council in terms of section 27;

  • Acquisition Fees means the fee payable to the Advisor pursuant to Section 8.01 plus all other fees and commissions, excluding Acquisition Expenses, paid by any Person to any Person in connection with making or investing in any Property or other Permitted Investment or the purchase, development or construction of any Property by the Company. Included in the computation of such fees or commissions shall be any real estate commission, selection fee, Development Fee, Construction Fee, nonrecurring management fee, loan fees or points or any fee of a similar nature, however designated. Excluded shall be Development Fees and Construction Fees paid to Persons not Affiliated with the Advisor in connection with the actual development and construction of a Property.

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

  • Base Management Fee means the base management fee, calculated quarterly in arrears, in an aggregate amount equal to the sum of (i) 25% per Quarter of the Fee Amount, plus (ii) 0.3125% of the Total Capitalization Value Increase for the preceding Quarter;

  • Asset Management Fee shall have the meaning set forth in Section 8.02.

  • Management Fee has the meaning given in Section 4.1.

  • Advisory Group has the meaning set forth in Section 9.14(c).

  • Sponsor Termination Fees means the one-time payment under the Sponsor Management Agreement of a termination fee to one or more of the Sponsors and their Affiliates in the event of either a Change of Control or the completion of a Qualifying IPO.

  • Management Fees means, with respect to each Project for any period, an amount equal to the greater of (i) actual management fees payable with respect thereto and (ii) three percent (3%) per annum on the aggregate base rent and percentage rent due and payable under leases at such Project.

  • Incentive Fee shall have the meaning set forth in the Prospectus.

  • Investment Advisory Services means (a) advice with respect to the desirability of investing in, purchasing or selling securities or other property, including the power to determine what securities or other property shall be purchased or sold, but not including furnishing only statistical and other factual information (such as economic factors and trends); and (b) the provision of financial, economic or investment management services, but only if ancillary and related to the advice referred to in clause (a) above.

  • Monthly Fees means, collectively, [INSERT FOR HFS: the Monthly Food and Beverage Fee,] the Monthly Program Fee and the Monthly Royalty Fee, each of which is set forth in the Addendum. [INSERT FOR HFS: “Monthly Food and Beverage Fee” means the fee we require from you in Subsection 8.2, which is set forth in the Addendum.]

  • Operating Advisor Consulting Fee A fee for each Major Decision on which the Operating Advisor has consultation rights equal to $10,000 or such lesser amount as the related Mortgagor pays with respect to any Serviced Mortgage Loan (or Serviced Loan Combination, if applicable), payable pursuant to Section 3.06(a) and Section 3.06A(a) of this Agreement; provided, that the Operating Advisor Consulting Fee shall be payable only to the extent such fee is actually received from the related Mortgagor as a separately identifiable fee; provided, further that the Operating Advisor may in its sole discretion reduce the Operating Advisor Consulting Fee with respect to any Major Decision; and provided, further that the Master Servicer or Special Servicer, as applicable, may waive or reduce the amount of any Operating Advisor Consulting Fee payable by the related Mortgagor if it determines that such full or partial waiver is in accordance with the Servicing Standard (provided that the Master Servicer or the Special Servicer, as applicable, shall consult with the Operating Advisor on a non-binding basis prior to any such waiver or reduction).

  • Investment Management Fee means each of the Senior Investment Management Fee, the Subordinated Investment Management Fee and the Incentive Investment Management Fee.

  • Acquisition Fee means any and all fees and commissions, exclusive of Acquisition Expenses, paid by any Person to any other Person (including any fees or commissions paid by or to any Affiliate of the Company or the Advisor) in connection with making or investing in Mortgages or the purchase, development or construction of a Property, including real estate commissions, selection fees, Development Fees, Construction Fees, nonrecurring management fees, loan fees, points or any other fees of a similar nature. Excluded shall be Development Fees and Construction Fees paid to any Person not affiliated with the Sponsor in connection with the actual development and construction of a project.

  • Expense Fees As to each Mortgage Loan, the sum of the Servicing Fee and the Trustee Fee.

  • L/C Fees has the meaning set forth in Section 3.4(c).

  • Unpaid Transaction Expenses has the meaning specified in Section 2.4(c).

  • referral fee means any form of compensation, direct or indirect, paid for the referral of a client to or from a registrant.

  • Accrued Servicing Fees based upon the Scheduled Principal Balance of the Mortgage Loan as calculated on a monthly basis.

  • Investment Advisory Agreement means the investment advisory agreement entered into between the Adviser and the Fund, as from time to time in effect.

  • Closing Fees means those fees required to be paid on the Closing Date pursuant to the Fee Letter.

  • Annual Fee has the meaning stated in Section 4.02(a).