Expense Limitations. In the event the operating expenses of the Fund, including amounts payable to the Investment Adviser pursuant to subsection (a) hereof, for any fiscal year ending on a date on which this Agreement is in effect exceed the expense limitations applicable to the Fund imposed by applicable state securities laws or regulations thereunder, as such
Appears in 2 contracts
Samples: Investment Advisory Agreement (Merrill Lynch High Income Municipal Bond Fund Inc), Investment Advisory Agreement (Merrill Lynch Sr Float Rate Fd)
Expense Limitations. In the event the operating expenses of the Fund, including amounts payable to the Investment Adviser Manager pursuant to subsection (a) hereof, for any fiscal year ending on a date on which this Agreement is in effect exceed the expense limitations applicable to the Fund imposed by applicable state securities laws or regulations thereunder, as suchstate
Appears in 1 contract
Samples: Management Agreement (Merrill Lynch California Bond Fund of Ml Calif Mun Series Tr)
Expense Limitations. In the event the operating expenses of the Fund, including amounts payable to the Investment Adviser Manager pursuant to subsection (a) hereof, for any fiscal year ending on a date on which this Agreement is in effect exceed the expense limitations applicable to the Fund imposed by applicable state securities laws or regulations thereunder, as suchexpense
Appears in 1 contract
Samples: Management Agreement (Merrill Lynch Mun Interm Term Fd of Ml Mun Ser Tr)
