Examples of Sponsor Fee in a sentence
Sponsor Fee Our Sponsor shall be entitled to charge a monthly per subscriber account fee of $1 per subscriber account in respect of its license of the HappyNest name and the HappyNest Platform to us.
Class C Units pay MLAI a monthly Sponsor Fee of 1/12 of 2.5% of their month-end net asset value.
The Fund’s Class A Units and Class I Units pay MLAI a Sponsor Fee of 1/12 of 1.5% and 1/12 of 1.1%, respectively, of their month-end net asset value.
Notwithstanding the foregoing, the Sponsor shall have the right to increase or decrease the amount of the Sponsor Fee (i) upon three (3) Business Days’ prior notice of the increase or decrease being posted on the website of the Trust and (ii) upon three (3) Business Days’ prior written notice of the increase or decrease being given to the Trustee.
Class D, Class DS, Class DT and Class M are not charged a Sponsor Fee.