Effect of Termination on Management and Incentive Fees. Upon termination of this Addendum or upon written notice (which may be in the form of e-mail) by the Investment Manager to AR that it does not want AR to make further investments in Oil and Gas Royalties on behalf of the Account, (i) no further investments in Oil and Gas Royalties will be made pursuant to this Addendum, (ii) no further Management Fees will accrue, provided Schedule 2.4 that Management Fees will be paid in full as of the quarter-end of the quarter in which termination occurred, (iii) the Incentive Fees described above will be calculated and paid for a period of seven years from December 31 of the year in which termination occurred, after which point there will be no further obligation to pay any Fees under this Addendum and (iv) the Exclusivity Period shall be deemed to have expired. Schedule 2.4 SCHEDULE 3 AEM Investment Guidelines
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Sources: Master Sub Advisory Agreement, Master Sub Advisory Agreement
Effect of Termination on Management and Incentive Fees. Upon termination of this Addendum or upon written notice (which may be in the form of e-mail) by the Investment Manager to AR that it does not want AR to make further investments in Oil and Gas Royalties on behalf of the Account, (i) no further investments in Oil and Gas Royalties will be made pursuant to this Addendum, (ii) no further Management Fees will accrue, provided Schedule 2.4 that Management Fees will be paid in full as of the quarter-end of the quarter in which termination occurred, (iii) the Incentive Fees described above will be calculated and paid for a period of seven years from December 31 of the year in which termination occurred, after which point there will be no further obligation to pay any Fees under this Addendum and (iv) the Exclusivity Period shall be deemed to have expired. Schedule 2.4 SCHEDULE 3 AEM Investment Guidelines.
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