New AUM definition
Examples of New AUM in a sentence
For the avoidance of doubt, the calculation of the Make Whole Amount shall be subject to the principles set forth below and in Section 6(i)(iv) to take into account changes in market values of securities relating to Existing AUM or New AUM.
The “Average Month-End Net Asset Value” for a calendar quarter shall be the average of the month-end net asset values of Existing AUM or New AUM, as applicable, during such calendar quarter with adjustments for contributions to, or withdrawals from, the Account during such period.
The parties hereto hereby (i) acknowledge and agree that in connection with New AUM (as such term is defined in Schedule 1 attached hereto), the fee paid by the Investment Manager to MVB Management LLC (“MVB”) pursuant to the Participation Fee Agreement, dated as of June 1, 2020, by and among the Investment Manager, MVB, ▇▇▇▇▇ ▇.
In consideration of the services performed under the Agreement, the Company shall pay the Investment Manager a “Management Fee” for each calendar quarter equal to the sum of (a) 0.20% per annum of the Average Month-End Net Asset Value of the Existing AUM and (b) 0.25% per annum of the Average Month-End Net Asset Value of New AUM, calculated and paid quarterly in arrears.
Accordingly, the “Runoff Management Fee Rate” for the Account shall, for any calendar quarter, be equal to: 1 Other than the applicable Sub-Manager Fees as set forth in the Sub-Manager Fee Agreement, there will be no management fee payable to the Investment Manager in respect of New AUM.