Common use of Excess Expenses Clause in Contracts

Excess Expenses. If the expenses for any Portfolio for any fiscal year (including fees and other amounts payable to the Adviser, but excluding interest, taxes, brokerage costs, litigation, and other extraordinary costs) as calculated every business day would exceed the expense limitations imposed on investment companies by any applicable statute or regulatory authority of any jurisdiction in which Shares are qualified for offer and sale, the Adviser shall bear such excess cost.

Excess Expenses. If the expenses for any Portfolio the Fund for any fiscal year (including fees and other amounts payable to the Investment Adviser, but excluding interest, taxes, brokerage costs, litigation, and other extraordinary costs) as calculated every business day would exceed the expense limitations imposed on investment companies by any applicable statute or regulatory authority of any jurisdiction in which Shares Interests of the Fund are qualified for offer and sale, the Investment Adviser shall bear such excess cost.

Excess Expenses. If the expenses for any Portfolio the Fund for any fiscal year (including fees and other amounts payable to the Investment Adviser, but excluding interest, taxes, brokerage costs, litigation, and other extraordinary costs) as calculated every business day would exceed the expense limitations imposed on investment companies by any applicable statute or regulatory authority of any jurisdiction in which Shares of the Fund are qualified for offer and sale, the Investment Adviser shall bear such excess cost.