Common use of Expense Limitations Clause in Contracts

Expense Limitations. In the event the operating expenses of the Trust, 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 Trust imposed by applicable state securities laws or regulations thereunder, as such limitations may be raised or lowered from time to time, the Investment Adviser shall reduce its fee by the extent of such excess and, if required pursuant to any such laws or regulations, will reimburse the Trust in the amount of such excess; provided, however, to the extent permitted by law, there shall be excluded from such expenses the amount of any interest, taxes, brokerage

Expense Limitations. In the event the operating expenses of the TrustFund, including amounts payable to the Investment Adviser Manager pursuant to subsection (a) hereof, for any fiscal year ending on an a date on which this Agreement is in effect exceed the expense limitations applicable to the Trust Fund imposed by applicable state securities laws or regulations thereunder, as such limitations may be raised or lowered from time to time, the Investment Adviser Manager shall reduce its management fee by the extent of such excess and, if required pursuant to any such laws or regulations, will reimburse the Trust Fund in the amount of such excess; provided, however, to the extent permitted by law, there shall be excluded from such expenses the amount of any interest, taxes, brokeragebrokerage fees and commissions, distribution fees and extraordinary expenses (including but not limited to legal claims and liabilities and

Expense Limitations. In the event the operating expenses of the TrustFund, 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 Trust Fund imposed by applicable state securities laws or regulations thereunder, as such limitations may be raised or lowered from time to time, the Investment Adviser Manager shall reduce its management fee by the extent of such excess and, if required pursuant to any such laws or regulations, will reimburse the Trust Fund in the amount of such excess; provided, however, to the extent permitted by law, there shall be excluded from such expenses the amount of any interest, taxes, brokeragebrokerage fees and commissions, distribution fees and extraordinary expenses (including but not limited to legal claims and liabilities and

Expense Limitations. In the event the operating expenses of the TrustFund, 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 Trust Fund imposed by applicable state securities laws or regulations thereunder, as such limitations may be raised or lowered from time to time, the Investment Adviser shall reduce its management and investment advisory fee by the extent of such excess and, if required pursuant to any such laws or regulations, will reimburse the Trust Fund in the amount of such excess; provided, however, to the extent permitted by law, there shall be excluded from such expenses the amount of any interest, taxes, brokeragedistribution fees, brokerage fees and commissions and extraordinary

Expense Limitations. In the event the operating expenses of the TrustFund, 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 Trust Fund imposed by applicable state securities laws or regulations thereunder, as such limitations may be raised or lowered from time to time, the Investment Adviser Manager shall reduce its management fee by the extent of such excess and, if required pursuant to any such laws or regulations, will reimburse the Trust Fund in the amount of such excess; provided, however, to the extent permitted by law, there shall be excluded from such expenses the amount of any interest, taxes, brokeragebrokerage commissions and extraordinary expenses (including but not limited to legal

Expense Limitations. In the event the operating expenses of the TrustFund, including amounts payable to the Investment Adviser Manager pursuant to subsection (a) hereof, for any fiscal year ending on a date on which this this-Agreement is in effect exceed the expense limitations applicable to the Trust Fund imposed by applicable state securities laws or regulations thereunder, as such limitations may be raised or lowered from time to time, the Investment Adviser Manager shall reduce its management fee by the extent of such excess and, if required pursuant to any such laws or regulations, will reimburse the Trust Fund in the amount of such excess; provided, however, to the extent permitted by law, there shall be excluded from such expenses the amount of any interest, taxes, brokeragebrokerage fees and

Expense Limitations. In the event that the operating expenses of the TrustFund, 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 Trust Fund imposed by applicable state securities laws or regulations thereunder, as such limitations may be raised or lowered from time to time, the Investment Adviser Manager shall reduce its management fee by the extent of such excess and, if required pursuant to any such laws or regulations, will reimburse the Trust Fund in the amount of such excess; , provided, however, to the extent permitted by law, there shall be excluded from such expenses the amount of any interest, taxes, brokeragebrokerage commissions and extraordinary expenses (including but not limited to legal