Computation and Payment of Fee. The administration fee shall accrue on each calendar day, and shall be payable monthly on the first business day of the next succeeding calendar month. The daily fee accruals for each Series shall be computed by multiplying the fraction of one divided by the number of days in the calendar year by the applicable annual administration fee rate (as set forth in Schedule B hereto), and multiplying this product by the NAV of the Institutional Class of such Series, determined in the manner set forth in such Series's then-current Institutional Class Prospectus, as of the close of business on the last preceding business day on which such Series's Institutional Class NAV was determined.
Appears in 7 contracts
Samples: Administration Agreement (Neuberger Berman Income Funds), Administration Agreement (Neuberger Berman Equity Funds), Administration Agreement (Neuberger Berman Equity Funds)
Computation and Payment of Fee. The administration fee shall accrue on each calendar day, and shall be payable monthly on the first business day of the next succeeding calendar month. The daily fee accruals for each Series shall be computed by multiplying the fraction of one divided by the number of days in the calendar year by the applicable annual administration fee rate (as set forth in Schedule B hereto), and multiplying this product by the NAV of the Institutional Class A of such Series, determined in the manner set forth in such Series's then-current Institutional Class A Prospectus, as of the close of business on the last preceding business day on which such Series's Institutional Class A NAV was determined.
Appears in 5 contracts
Samples: Administration Agreement (Lehman Brothers Income Funds), Administration Agreement (Neuberger Berman Equity Funds), Administration Agreement (Neuberger Berman Equity Funds)
Computation and Payment of Fee. The administration fee shall accrue on each calendar day, and shall be payable monthly on the first business day of the next succeeding calendar month. The daily fee accruals for each Series shall be computed by multiplying the fraction of one divided by the number of days in the calendar year by the applicable annual administration fee rate (as set forth in Schedule B hereto), and multiplying this product by the NAV of the Institutional Class of such Series, determined in the manner set forth in such Series's β then-current Institutional Class Prospectus, as of the close of business on the last preceding business day on which such Series's β Institutional Class NAV was determined.
Appears in 4 contracts
Samples: Administration Agreement (Neuberger Berman Alternative Funds), Administration Agreement (Neuberger Berman Equity Funds), Administration Agreement (Lehman Brothers Income Funds)
Computation and Payment of Fee. The administration fee shall accrue on each calendar day, and shall be payable monthly on the first business day of the next succeeding calendar month. The daily fee accruals for each Series shall be computed by multiplying the fraction of one divided by the number of days in the calendar year by the applicable annual administration fee rate (as set forth in Schedule B hereto), and multiplying this product by the NAV of the Institutional Class of such Series, determined in the manner set forth in such Series's ' then-current Institutional Class Prospectus, as of the close of business on the last preceding business day on which such Series's ' Institutional Class NAV was determined.
Appears in 1 contract
Samples: Administration Agreement (Neuberger Berman Institutional Liquidity Series)