Common use of COMPENSATION TO BE PAID BY THE TRUST TO THE MANAGER Clause in Contracts

COMPENSATION TO BE PAID BY THE TRUST TO THE MANAGER. The Trust will pay to the Manager as compensation for the Manager’s services rendered, and (as applicable) for the facilities furnished and for the expenses borne by the Manager pursuant to Section 1, a fee for each Portfolio, based on the applicable Portfolio’s average daily net assets, computed and paid monthly at the annual rates set forth on Schedule A attached hereto. For purposes of this Section 3, “average daily net assets” means the average of all of the determinations of a Portfolio’s net asset value at the close of business on each business day during each month while this Agreement is in effect. Such fee shall be payable for each month within fifteen (15) business days after the end of such month. If the Manager shall serve for less than the whole of a month, the foregoing compensation shall be prorated. In the event that the Manager has agreed to a fee waiver or an expense limitation or reimbursement arrangement with a Portfolio, subject to such terms and conditions as the Manager and such Portfolio may set forth in such agreement, the compensation due the Manager hereunder shall be reduced, and, if necessary, the Manager shall bear expenses with respect to such Portfolio, to the extent required by such fee waiver or expense limitation or reimbursement arrangement.

COMPENSATION TO BE PAID BY THE TRUST TO THE MANAGER. The Trust will pay to the Manager as compensation for the Manager’s services rendered, and (as applicable) for the facilities furnished and for the expenses borne by the Manager pursuant to Section 1, a fee for each PortfolioFund, based on the applicable PortfolioFund’s average daily net assets, computed and paid monthly at the annual rates set forth on Schedule A attached hereto. For purposes of this Section 3, “average daily net assets” means the average of all of the determinations of a PortfolioFund’s net asset value at the close of business on each business day during each month while this Agreement is in effect. Such fee shall be payable for each month within fifteen (15) business days after the end of such month. If the Manager shall serve for less than the whole of a month, the foregoing compensation shall be prorated. In the event that the Manager has agreed to a fee waiver or an expense limitation or reimbursement arrangement with a PortfolioFund, subject to such terms and conditions as the Manager and such Portfolio Fund may set forth in such agreement, the compensation due the Manager hereunder shall be reduced, and, if necessary, the Manager shall bear expenses with respect to such PortfolioFund, to the extent required by such fee waiver or expense limitation or reimbursement arrangement.

COMPENSATION TO BE PAID BY THE TRUST TO THE MANAGER. The Trust will pay to the Manager as compensation for the Manager’s services rendered, and (as applicable) for the facilities furnished and for the expenses borne by the Manager pursuant to Section 1, a fee for each PortfolioFund, based on the applicable PortfolioFund’s average daily net assets, computed and paid monthly at the annual rates set forth on Schedule A attached hereto. For purposes of this Section 3, “average daily net assets” means the average of all of the determinations of a PortfolioFund’s net asset value at the close of business on each business day during each month while this Agreement is in effect. Such fee shall be payable for each month within fifteen (15) business days after the end of such month. If the Manager shall serve for less than the whole of a month, the foregoing compensation shall be prorated. In the event that the Manager has agreed to a fee waiver or an expense limitation or reimbursement arrangement with a PortfolioFund, subject to such terms and conditions as the Manager and such Portfolio Fund may set forth in such agreement, the compensation due the Manager hereunder shall be reduced, and, if necessary, the Manager shall bear expenses with respect to such PortfolioFund, to the extent required by such fee waiver or expense limitation or reimbursement arrangement.

COMPENSATION TO BE PAID BY THE TRUST TO THE MANAGER. The Trust will pay to the Manager as compensation for the Manager’s services rendered, and (as applicable) for the facilities furnished and for the expenses borne by the Manager pursuant to Section 1, a fee for each PortfolioFund, based on the applicable PortfolioFund’s average daily net assets, computed and paid monthly at the annual rates set forth on Schedule A attached hereto. , in certain cases, subject to a performance adjustment as stated on Schedule A. For purposes of this Section 3, “average daily net assets” means the average of all of the determinations of a PortfolioFund’s net asset value at the close of business on each business day during each month while this Agreement is in effect. Such fee shall be payable for each month within fifteen (15) business days after the end of such month. If the Manager shall serve for less than the whole of a month, the foregoing compensation shall be prorated. In the event that the Manager has agreed to a fee waiver or an expense limitation or reimbursement arrangement with a PortfolioFund, subject to such terms and conditions as the Manager and such Portfolio Fund may set forth in such agreement, the compensation due the Manager hereunder shall be reduced, and, if necessary, the Manager shall bear expenses with respect to such PortfolioFund, to the extent required by such fee waiver or expense limitation or reimbursement arrangement.

COMPENSATION TO BE PAID BY THE TRUST TO THE MANAGER. The Trust will pay to the Manager as compensation for the Manager’s services rendered, and (as applicable) for the facilities furnished and for the expenses borne by the Manager pursuant to Section 1, a fee for each PortfolioFund, based on the applicable PortfolioFund’s average daily net assets, computed and paid monthly at the annual rates set forth on Schedule A attached hereto. For purposes of this Section 3, “average daily net assets” means the average of all of the determinations of a PortfolioFund’s net asset value at the close of business on each business day during each month while this Agreement is in effect. Such fee shall be payable for each month within fifteen thirty (1530) business days after the end of such month. If the Manager shall serve for less than the whole of a month, the foregoing compensation shall be prorated. In the event that the Manager has agreed to a fee waiver or an expense limitation or reimbursement arrangement with respect to a PortfolioFund, subject to such terms and conditions as the Manager and such Portfolio the Trust may set forth in such agreement, the compensation due the Manager hereunder shall be reduced, and, if necessary, the Manager shall bear expenses with respect to such Portfoliothe Fund, to the extent required by such fee waiver or expense limitation or reimbursement arrangement.