net management fee means the gross management fees received by HHG or a subsidiary of HHG under a hotel management contract for an Acquired Hotel less the amounts paid or payable for actual hotel property management services rendered with respect to that Acquired Hotel.
net management fee means the gross management fee paid or payable by the Fund to the Manager pursuant to the Manager’s Agreement, as reduced for (1) amounts required to be reimbursed by the Manager pursuant to the Operating Expense Limitation Agreement between the Manager and the Fund, and (2) any and all direct legal and/or operating fees related to the Fund and borne by the Manager.
net management fee means the gross management fee paid or payable by the Portfolio to the Manager pursuant to the Manager’s Agreement, as reduced for (1) amounts required to be reimbursed by the Manager pursuant to the Operating Expense Limitation Agreement for Classes A, I, and C between the Manager and the Portfolio, (2) expenses associated with the reorganization of the predecessor of the Portfolio into the Portfolio (“Reorganization Expenses”) up to $37,500, provided that such reduction shall not exceed fifty percent of the monthly fee payable to the Sub-Advisor and will continue until the full amount is retired, and (3) any and all direct legal and or operating fees related to the Portfolio and borne by the Manager. For the avoidance of doubt, the amount payable to the Sub-Advisor shall not be reduced by the amount being waived by the Manager pursuant to the Fee Waiver and Operating Expense Limitation Agreement for Class S between the Manager and the Portfolio. The Sub-Advisor has also agreed to pay a portion of certain marketing and distribution expenses incurred by the Manager or its affiliates in promoting the Portfolio, pursuant to a separate agreement between the Manager and the Sub-Advisor.
Examples of net management fee in a sentence
FIMC agrees that effective January 1, 2006, FIMC and its Successors (as hereinafter defined in Section II.D.8) shall establish and implement reduced Net Management Fee Rates for certain of the Federated Funds (as hereinafter defined), which Federated Funds will be identified in writing to the Attorney General on a Schedule A to this agreement within 45 days of the date of this Assurance (the "Affected Funds").
FIMC represents and warrants that Schedule A will accurately and completely state: (a) assets under management of the Affected Funds as of September 30, 2005; (b) the Net Management Fee Rates for the Affected Funds as of September 30, 2005; and (c) the reduced Net Management Fee Rates and the resulting net management fee reduction of $4,000,000 as provided in subsection 1 above.
Any other tax as applicable 202122 Gross Amount Payable to Contractor (Rows 13+16+17+18+19+20+21)23 Less: Income Tax Deducted at Source on Net Management Fee (on Row 16) 242526 Net Amount Payable to Contractor [Rows 22 – (Rows 23+24+25)] (Rupees in words )27 i.
The reduced Net Management Fee Rates shall result in areduction of $4,000,000 per year based upon assets under management of the Affected Funds as of September 30, 2005, for a total reduction over five years of $20,000,000 from the amount offees that would have been paid by the Affected Funds based on the Net Management Fee Rates and assets under management of the Affected Funds as of September 30, 2005.
The reduced Net Management Fee Rates shall result in areduction of $4,000,000 per year based upon assets under management of the Affected Funds as of September 30, 2005, for a total reduction over five years of $20,000,000 from the amount of fees that would have been paid by the Affected Funds based on the Net Management Fee Rates and assets under management of the Affected Funds as of September 30, 2005.
More Definitions of net management fee
net management fee means the gross management fee (as defined by the Advisory Agreement) paid by the Fund to the Adviser for the period being measured, minus the amount of any fee waiver or expense reimbursement paid by or due from the Adviser to the Fund or any service provider to the Fund (including without limitation shareholder service fees and platform fees and expenses paid by the Fund or Adviser) under an expense limitation agreement, expense cap arrangement, or other similar agreement. For clarity, all distribution fees and expenses are the sole responsibility of the Adviser and are excluded from the Net Management Fee. Payment of this compensation shall be the responsibility of the Adviser and shall not be an obligation of the Fund. If the Sub-Adviser is terminated as specified in this agreement, then the compensation to the Sub-Adviser shall be prorated.
net management fee means the gross management fee payable to the Manager pursuant to the Manager’s Agreement, as reduced for (1) amounts required to be waived or reimbursed by the Manager pursuant to the Operating Expense Limitation Agreement between the Manager and the Fund, and (2) any and all direct legal and/or operating fees related to the Fund and borne by the Manager. The Sub-Advisor has also agreed to pay a portion of certain marketing and distribution expenses incurred by the Manager or its affiliates in promoting the Fund, pursuant to a separate agreement between the Manager and the Sub-Advisor, which, if not paid separately by the Sub-Advisor, will reduce the amount of the fee payable by the Manager to the Sub-Advisor. In addition, the Manager will retain 100% of the fee paid by the Fund under the Manager’s Agreement attributable to investments in the Fund by the Manager, its affiliates or their principals and will pay the Sub-Advisor 100% of the fee paid by the Fund under the Manager’s Agreement attributable to investments in the Fund by the Sub-Advisor, its affiliates and their principals.
net management fee means the gross management fee paid or payable by the Portfolio to the Manager pursuant to the Manager’s Agreement, as reduced for (1) amounts required to be reimbursed by the Manager pursuant to the Operating Expense Limitation Agreement for Classes A, I, and C between the Manager and the Portfolio, (2) expenses associated with the completion and filing of the initial registration statement and accompanying documents for the Portfolio up to $25,000, provided that such reduction shall not exceed 50% of the monthly fee payable to the Sub-Advisor and will continue until the full amount is retired, and (3) any and all direct legal and/or operating fees related to the Portfolio and borne by the Manager. For the avoidance of doubt, the amount payable to the Sub-Advisor shall not be reduced by the amount being waived by the Manager pursuant to the Fee Waiver and Operating Expense Limitation Agreement for Class S between the Manager and the Portfolio. The Sub-Advisor has also agreed to pay a portion of certain marketing and distribution expenses incurred by the Manager or its affiliates in promoting the Portfolio, pursuant to a separate agreement between the Manager and the Sub-Advisor, which, if not paid separately by the Sub-Advisor, will reduce the amount of the fee payable by the Manager to the Sub-Advisor. In addition, the Manager will retain [ ]% of the fee paid by the Portfolio under the Manager’s Agreement attributable to investments in the Portfolio by the Manager, its affiliates or their principals and will pay the Sub-Advisor [ ]% of the fee paid by the Portfolio under the Manager’s Agreement attributable to investments in the Portfolio by the Sub-Advisor, its affiliates and their principals.
net management fee means the gross management fee paid or payable by the Fund to the Manager pursuant to the Manager’s Agreement, as reduced for (1) amounts required to be reimbursed by the Manager pursuant to the Operating Expense Limitation Agreement for Classes A, I, and C between the Manager and the Fund, (2) expenses associated with the completion and filing of the initial registration statement and accompanying documents for the Fund up to $[ ], provided that such reduction shall not exceed [ ]% of the monthly fee payable to the Sub-Advisor and will continue until the full amount is retired, and (3) any and all direct legal and/or operating fees related to the Fund and borne by the Manager. For the avoidance of doubt, the amount payable to the Sub-Advisor shall not be reduced by the amount being waived by the Manager pursuant to the Fee Waiver and Operating Expense Limitation Agreement for Class S between the Manager and the Fund.
net management fee means the gross management fee less any fund waivers and/or reimbursement made by the Adviser. The subadvisory fee will be calculated on the Fund-level and not by aggregating fees on a Trust-level. Effective as of October 1, 2014 until October 31, 2015, the Adviser agrees to pay the Subadviser a minimum annual fee (the “Minimum Fee”) equal to the greater of 0.20% of the Fund’s average daily net assets, accrued daily and payable monthly, or $38,500 per month. The Minimum Fee will continue in effect for successive annual periods ending October 31, upon mutual agreement of the Adviser and Subadviser, and subject to the approval of the Board of Trustees, including a majority of Trustees who are not parties to the Subadvisory Agreement or interested persons of any such party.”
net management fee means the difference between (i) the amount of the Management Fee which, but for such termination, would have been payable hereunder during the balance of the initial three year term, minus (ii) those out of pocket costs of the Manager which would have been incurred if this Agreement had not been so terminated but which out of pocket costs will not be incurred by the Manager following such termination. As used herein, the "present value of the Net Management Fee" shall mean an amount equal to the aggregate present values of each monthly installment of the Net Management Fee which would have been payable during the initial three year term of this Agreement if this Agreement had not been so terminated, calculated as of the effective date of termination, and using a discount factor of eight (8%) percent.
net management fee means the gross management fee less any fund waivers and/or reimbursement made by the Adviser. The subadvisory fee will be calculated on the Fund-level and not by aggregating fees on a Trust-level. Effective as of September 1, 2006 until October 31, 2007, the Adviser agrees to pay the Subadviser a minimum annual fee (“Minimum Fee”) equal to the percentage of each Fund’s average daily net assets, accrued daily and payable monthly, as set forth below. The Minimum Fee will continue in effect for successive annual periods ending October 31, upon mutual agreement of the Adviser and Subadviser, and subject to approval by the Board of Trustees, including a majority of Trustees who are not parties to the Subadvisory Agreement or interested persons of any such party. Fund Minimum Fee 2010 High Watermark Fund .26% 0000 Xxxx Xxxxxxxxx Fund .25% 0000 Xxxx Xxxxxxxxx Fund .20% 2025 High Watermark Fund N/A (fund has not yet commenced operations)