Common use of Payment of Additional Compensation Clause in Contracts

Payment of Additional Compensation. (a) The Adviser shall pay the Additional Compensation, payable in arrears at the end of each calendar quarter, as follows: (i) to each Primary Underwriter, Additional Compensation in an amount equal to such Primary Underwriter's Pro Rata Percentage multiplied by 0.0375% of the Fund's Managed Assets for such quarter and (ii) to Citigroup Global Markets Inc., Additional Compensation in an amount equal to $25,000 for such quarter. (b) For the purposes of this Additional Compensation Agreement, "Managed Assets" means the average daily total assets of the Fund minus liabilities (other than the aggregate indebtedness, if any, entered into for purposes of leverage).