Daily Computation. The Investment Manager shall determine on each business day whether the expenses for any class of a Fund exceed the gross income for such class of a Fund on such business day. If, on any business day, the expenses for any class of a Fund do not equal the gross income for such class, the amount of such difference shall be netted against the previous day’s accrued amount for Excess Amounts or Recoupment Amounts (as defined below and subject to the limitations noted below), and the difference shall be accrued for that day as an Excess Amount or Recoupment Amount as applicable.
Appears in 12 contracts
Samples: Expense Limitation Agreement (Voya SERIES FUND INC), Limitation Agreement (Voya FUNDS TRUST), Expense Limitation Agreement (Ing Series Fund Inc)
