Asset Based Fee. For any month that the Fund has average net assets of more than $50 million in any particular month, a monthly fee equal to the average net assets of the Fund for that month multiplied by the Asset-Based Fee Rate. The "Asset-Based Fee Rate" shall be calculated as follows: [(number of stand-alone funds and master funds on Schedule A x $105,000) + (number of feeder funds on Schedule A x $12,000) - (annual flat fees payable by each fund on Schedule A)] / (average monthly net assets of all stand-alone funds and feeder funds on Schedule A with average monthly net assets of more than $50 million in that month) [Note: certain of the funds listed on Schedule A are not party to the Agreement but are listed for the purpose of calculating the Asset-Based Fee Rate.] The Fund also shall reimburse Columbia Management for any and all out-of-pocket expenses and charges, including fees payable to third parties for pricing the Fund's portfolio securities, in performing services under this Agreement.
Asset Based Fee shall have the meaning set forth in Section 6(a).
Asset Based Fee means the fee, which is payable to the General Partner each year for advising the Partnership and managing its investments, equal to (i) 0.75% of the Partnership's Base Amount for such year and (ii) 0.5% of the Capital Contributions temporarily held while awaiting Investments in Properties. The Asset Based Fee will be accrued without interest when funds are not available for its payment. Any accrued Asset Based Fee will be paid from the next available Net Cash Flow or Net Proceeds from a Sale or Financing of Properties and not from Working Capital Reserves. In the event of the termination of the General Partner as general partner of the Partnership, the General Partner will be paid that Asset Based Fee to which it is entitled through the date of such termination.
Examples of Asset Based Fee in a sentence
ANNUAL ASSET-BASED FEES FOR OHIO AND PARTNER STATE RESIDENTS Investment Option Estimated Underlying Mutual Fund Expenses** State Administrative Fee Total Annual Asset-Based Fees BankSafe N/A 0.19%* 0.19%* Income 0.11% 0.19% 0.30% Conservative Growth 0.12% 0.19% 0.31% Moderate Growth 0.13% 0.19% 0.32% Growth 0.14% 0.19% 0.33% *The total Annual Asset-Based Fee assessed on the BankSafe Option will vary depending on the interest rate for the underlying BankSafe Product provided by Fifth Third Bank.
If you or Sponsor terminate your Account during a billing period, Sponsor will deduct the monthly Asset-based Fee if it has not yet been assessed, prorate the Asset-based Fee based on the period of time during the billing period that the Account was open, including the day of the termination, and return any unused portion of the Asset-Based Fee, less any applicable distribution fee described in Section 16.
ANNUAL ASSET-BASED FEES FOR RESIDENTS OF ALL OTHER STATES Investment Option Estimated Underlying Mutual Fund Expenses+ + State Administrative Fee Total Annual Asset-Based Fees BankSafe N/A 0.45%+ 0.45%+ Income 0.11% 0.45% 0.56% Conservative Growth 0.12% 0.45% 0.57% Moderate Growth 0.13% 0.45% 0.58% Growth 0.14% 0.45% 0.59% +The total Annual Asset-Based Fee assessed on the BankSafe Option will vary depending on the interest rate for the underlying Fifth Third BankSafe Product.
The fee structures that are available to our clients are as follows: Asset-Based Fee Structure Our advice fee structure has two components that relate to the initial establishment and on-going administration stages of SFP’s value proposition to its clients.
For Class A and Class C Units, the Total Annual Asset-Based Fee also includes the Distribution and Service Fee.
More Definitions of Asset Based Fee
Asset Based Fee means compensation to the Sponsor computed in accordance with Section IV.J. of the NASAA Guidelines. No Asset Based Fee shall be payable to the Sponsor.
Asset Based Fee. For any month that the Fund has average net assets of more than $50 million in any particular month, a monthly fee equal to the average net assets of the Fund for that month multiplied by the Asset-Based Fee Rate. The "Asset-Based Fee Rate" shall be calculated as follows: [(number of stand-alone funds and master funds on Schedule A x $105,000) + (number of feeder funds on Schedule A x $12,000) - (annual flat fees payable by each fund on Schedule A)] / (average monthly net assets of all stand-alone funds and feeder funds on Schedule A with average monthly net assets of more than $50 million in that month) [Note: certain of the funds listed on Schedule A are not party to the Agreement but are listed for the purpose of calculating the Asset-Based Fee Rate.] The Fund also shall reimburse Stein Roe for any axx xxx xxt-of-pocket expenses and charges, including fees payable to third parties for pricing the Fund's portfolio securities, in performing service under this Agreement." A copy of the document establishing the Trust is filed with the Secretary of The Commonwealth of Massachusetts. This Agreement is executed by officers not as individuals and is not binding upon any of the Trustees, officers or shareholders of the Trust individually but only upon the assets of the Fund.
Asset Based Fee. [ ] basis points on the first [ ] million in assets; [ ] basis points for assets between [ ] million and [ ] million; [ ] basis points for all assets in excess of [ ] million The Asset Based Fee shall be calculated based on the aggregate average daily net assets of the Fund during the relevant period. Annual Minimum Fee: The initial Annual Minimum Fee shall be determined based upon the number of Funds within the Series as of the date on which the Series is launched, as follows: Up to three Funds: $__________ per Fund Four or more Funds: $_________ per Fund The Annual Minimum Fee shall thereafter be increased at a rate of $________ per additional Fund for each Fund added after the date on which the Series is launched. The foregoing Annual Minimum Fees assume that each Fund includes one class of shares of beneficial interest (each, a “Class”). In the event a Fund is comprised of more than one Class, such Fund will be assessed an additional annual fee equal to $15,000 per Class. THIS DOCUMENT CONSTITUTES CONFIDENTIAL INFORMATION OF SEI INVESTMENTS GLOBAL FUNDS SERVICES New Fund Fees: There will be a one-time additional service charge of $10,000 for services provided by Administrator in assisting and coordinating the launch of each new Fund on behalf of the Investment Adviser, such fee to be paid by the Investment Adviser by electronic wire transfer of immediately available funds to the wire instructions set forth below in advance of Administrator beginning performance of the new Fund organizational services. Xxxxx Fargo Bank XX Xxxxxxx-Salem, NC ABA # 000000000 SEI Investments Company Acct #2079900401288 Ref: [INVESTMENT ADVISER NAME] – New Fund Investment Adviser Maintenance Fee: To the extent that the Board of Trustees of the Trust (the “Board”) has approved a Fund within the Series and approved the Investment Adviser as the Fund’s adviser, and such Fund is not Live (as defined below) by the date that is the three month anniversary of the date of the last such approval (the “Approval Date”), then the Investment Adviser shall pay SEI a relationship maintenance fee equal to $1,000 per month for each month that the Fund is not Live and such fee shall be retroactive to include each of the first three months following the Approval Date. For purposes of the foregoing, a Fund shall be deemed to be “Live” as of the date on which Administrator first calculates such Fund’s official net asset value.
Asset Based Fee means the fee, which is payable to the General Partner each year for advising the Partnership and managing its investments, equal to (i) 0.75% of the Partnership's Base Amount for such year and (ii) 0.5% of the Capital Contributions temporarily held while awaiting Investments in Properties. The Asset Based Fee will be accrued without interest when funds are not available for its payment. Any accrued Asset Based Fee will be paid from the next available Net Cash Flow or Net Proceeds from a Sale or Financing of Properties and not from Working Capital Reserves. In the event of the termination of the General Partner as general partner of the Partnership, the General Partner will be paid that Asset Based Fee to which it is entitled through the date of such termination. "Assigned Limited Partnership Interest" means a Partnership Interest which is credited to the Assignor Limited Partner on the books and records of the Partnership in respect of a purchase of one Unit by an Investor. Each Assigned Limited Partnership Interest represents a contribution to the capital of the Partnership equal to $25, regardless of any reduction in Sales Commissions. "Assignee Units" means the ownership interests of an Investor in the Partnership at any particular time, including the right of such Investor to any and all benefits to which an Investor may be entitled as provided in this Agreement. The ownership interests of the Investors in the Partnership are sometimes referred to herein as "Units". "Assignor Limited Partner" means Parking Properties Holding Co., Inc. which will (i) own any Assigned Limited Partnership Interests issued pursuant to Sections 3.2 and 7.1 hereof and (ii) transfer and assign to those Persons who acquire Units all of its rights and interest in Assigned Limited Partnership Interests in accordance with Sections 3.2 and 7.1 hereof. "Base Amount" means that portion of Capital Contributions originally committed to Investment in Properties without regard to leverage and including Working Capital Reserves of up to 3% of the Capital Contributions (the "Permitted Working Capital Reserves"). The Base Amount shall be recomputed annually by subtracting from the then fair market value of the Partnership's Properties as determined by independent appraisals plus the Permitted Working Capital Reserves, an amount equal to the outstanding debt secured by the Partnership's Properties. "Capital Account" means (i) the separate account maintained and adjusted on the books and re...
Asset Based Fee. - means an amount equal to: 1.00% of the Gross Asset Value up to $100 million, .75% of the Gross Asset Value between $100 million and $250 million, .625% of the Gross Asset Value between $250 million and $500 million and .50% of the Gross Asset Value in excess of $500 million; provided, however, with respect to the properties acquired from Finova Capital Corporation, the fee amount with respect to such assets shall be equal to .25% of Gross Asset Value of such properties that is subject to leverage.
Asset Based Fee. For any month that the Fund has average net assets of more than $50 million, a fee equal to the average net assets of the Fund for that month multiplied by the Asset-Based Fee Rate. The "Asset-Based Fee Rate" shall be calculated as follows: [(2 x $105,000) - (2 x $10,000)] / (average monthly net assets of the Fund plus average month net assets of the Liberty All-Star Growth Fund) The Fund also shall reimburse Colonial for any and all out-of-pocket expenses and charges, including fees payable to third parties for pricing the Fund's portfolio securities, in performing services under this Agreement."
Asset Based Fee. [ ] basis points on the first [ ] million in assets; [ ] basis points for assets between [ ] million and [ ] million; [ ] basis points for all assets in excess of [ ] million The Asset Based Fee shall be calculated based on the aggregate average daily net assets of the Fund during the relevant period.