Examples of Rate in a sentence
The Mandate Rate shall be determined on a cumulative basis pursuant to the schedule set forth in Schedule 1 of this Contract.
The Mandate Rate for each class of the Fund shall be calculated pursuant to the table below.
The Maximum Management Fee Rate for each class of the Fund is set forth in the table below, if applicable.
The annual Management Fee Rate for a class shall be the lesser of (1) the class’s Mandate Rate reduced by the class’s Discount Rate or (2) the Maximum Management Fee Rate set forth in Schedule 2 of this Contract, if applicable.
One–twelfth of the annual Management Fee Rate for a class shall be applied to the average of the net assets of the class of the Fund (computed in the manner set forth in the Trust’s Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month.