Basic Fee Rate Sample Clauses
Basic Fee Rate. The annual Basic 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 Basic Fee Rate set forth in Schedule 2 of this Contract, if applicable.
Basic Fee Rate. The annual basic fee rate shall be the sum of the group fee rate and the individual fund fee rate calculated to the nearest millionth decimal place as follows: