Common use of Support Services Fees Clause in Contracts

Support Services Fees. (a) The Fund shall pay the Advisor a fee (the “Support Services Fee”) equal to the annualized rate of .20% of the Fund’s average daily net assets. The level of the Support Services Fee shall be irrespective of the cost of the fees and expenses incurred by the Advisor under Section 2 above. The Support Services Fee shall be accrued daily and paid monthly. (b) In the event that, for any reason, this Agreement is in effect for a period of less than a full calendar month, the Support Services Fee with respect to that month shall be pro-rata based upon the number of calendar days during which it is in effect.

Appears in 1 contract

Sources: Support Services Agreement (Professionally Managed Portfolios)

Support Services Fees. (a) The Fund shall pay the Advisor a fee (the “Support Services Fee”) equal to the annualized rate of .200.20% of the Fund’s average daily net assets. The level of the Support Services Fee shall be irrespective of the cost of the fees and expenses incurred by the Advisor under Section 2 above. The Support Services Fee shall be accrued daily and paid monthly. (b) In the event that, for any reason, this Agreement is in effect for a period of less than a full calendar month, the Support Services Fee with respect to that month shall be pro-rata based upon the number of calendar days during which it is in effect.

Appears in 1 contract

Sources: Support Services Agreement (Professionally Managed Portfolios)

Support Services Fees. (a) The Fund shall pay the Advisor a fee (the “Support Services Fee”) equal to the annualized rate of .20% of the Fund’s average daily net assets. The level of the Support Services Fee shall be irrespective of the cost of the fees and expenses incurred by the Advisor under Section 2 above. The Support Services Fee shall be accrued daily and paid monthly. (b) In the event that, for any reason, this Agreement is in effect for a period of less than a full calendar month, the Support Services Fee with respect to that month shall be pro-pro rata based upon the number of calendar days during which it is in effect.

Appears in 1 contract

Sources: Support Services Agreement (GoodHaven Funds Trust)

Support Services Fees. (a) The Fund shall pay the Advisor a fee (the “Support Services Fee”) equal to the annualized rate of .20% of the Fund’s average daily net assets. The level of the Support Services Fee shall be irrespective of the cost of the fees and expenses incurred by the Advisor under Section 2 above. The Support Services Fee shall be accrued daily and paid monthly. (b) In the event that, for any reason, this Agreement is in effect for a period of less than a full calendar month, the Support Services Fee with respect to that month shall be pro-pro­ rata based upon the number of calendar days during which it is in effect.

Appears in 1 contract

Sources: Support Services Agreement (GoodHaven Funds Trust)