Expense Limit Applicable to Schedule A Funds Sample Clauses

Expense Limit Applicable to Schedule A Funds. During the Term (as defined in Section 2.1), the Adviser agrees to waive all or a portion of its Advisory Fees to the extent necessary so that the “Total Annual Fund Operating Expenses” (as defined in Form N-1A under the 0000 Xxx) incurred by the applicable class of shares of a Schedule A Fund (excluding Non-Capped Expenses, as defined in Section 1.3) (“Capped Operating Expenses”) do not exceed the Expense Limit (as defined in Section 1.4) applicable to such class. During the Term, to the extent that Capped Operating Expenses incurred by a class of shares of a Schedule A Fund (after the waiver of Advisory Fees by the Adviser) exceed the Expense Limit for such class, such excess amount (the “Schedule A Fund Excess Amount”) shall be borne by the Adviser.

Expense Limit Applicable to Schedule A Funds. During the Term (as defined in Section 2.1), the Adviser and the Distributor each agree to waive all or a portion of their respective Advisory Fees and Rule 12b-1 Fees to the extent necessary so that the “Total Annual Fund Operating Expenses” (as defined in Form N-1A under the 0000 Xxx) incurred by the applicable class of shares of a Schedule A Fund (excluding Non-Capped Expenses, as defined in Section 1.3) (“Capped Operating Expenses”) do not exceed the Expense Limit (as defined in Section 1.4) applicable to such class. During the Term, to the extent that Capped Operating Expenses incurred by a class of shares of a Schedule A Fund in any fiscal year (after the waiver of Advisory Fees by the Adviser and Rule 12b-1 Fees by the Distributor) exceed the Expense Limit for such class, such excess amount (the “Schedule A Fund Excess Amount”) shall be borne by the Adviser. The parties hereto agree that to the extent Capped Operating Expenses applicable to a class of shares of a Schedule A Fund in any fiscal year do not exceed the Expense Limit for such class, the Advisory Fee and Rule 12b-1 Fee shall be payable by such Schedule A Fund in respect of such class in the following order: · first, the Distributor shall be entitled to receive the Rule 12b-1 Fee up to the amount payable under such Schedule A Fund’s Rule 12b-1 Plan applicable to such class of shares; and · thereafter, the Adviser shall be entitled to receive the Advisory Fee up to the amount payable under the Advisory Agreement.

Expense Limit Applicable to Schedule A Funds. During the Term (as defined in Section 2.1), the Adviser agrees to waive all or a portion of its Advisory Fees to the extent necessary so that the “Total Annual Fund Operating Expenses” (as defined in Form N-1A under the 0000 Xxx) incurred by the applicable class of shares of a Schedule A Fund (excluding Non-Capped Expenses, as defined in Section 1.3) (“Capped Operating Expenses”) do not exceed the Expense Limit (as defined in Section 1.4) applicable to such class. During the Term, to the extent that Capped Operating Expenses incurred by a class of shares of a Schedule A Fund in any fiscal year (after the waiver of Advisory Fees by the Adviser) exceed the Expense Limit for such class, such excess amount (the “Schedule A Fund Excess Amount”) shall be borne by the Adviser. The parties hereto agree that to the extent Capped Operating Expenses applicable to a class of shares of a Schedule A Fund in any fiscal year do not exceed the Expense Limit for such class, the Advisory Fee shall be payable by such Schedule A Fund in respect of such class up to the amount payable under the Advisory Agreement.