Common use of Expense Sharing Clause in Contracts

Expense Sharing. The Sub-Sub-Adviser hereby agrees to reimburse the Sub-Adviser for the following costs incurred in connection with the Fund: all expenses or costs not ultimately borne by the Fund incurred in connection with creating and organizing the Fund; registering its shares for initial public offering; listing its shares on the New York Stock Exchange; preparing for and conducting the “road shows” to obtain indications of interest; producing, printing and delivering marketing materials and the “red ▇▇▇▇▇▇▇” prospectus for the Fund; compensating registered representatives of ING Funds Distributor, LLC for sales of Fund shares; compensating the members of the underwriting syndicate for the Fund’s closing; and the Fund’s initial public offering, including the exercise of the underwriter’s over-allotment option (collectively, the “Covered Expenses”). The Sub-Sub-Adviser shall reimburse the Sub-Adviser for % of Covered Expenses. The Sub-Adviser shall provide to the Sub-Sub-Adviser reasonable proof of the amount incurred and that it is a Covered Expense and the Sub-Sub-Adviser shall provide reimbursement promptly after receipt of such proof.

Appears in 3 contracts

Sources: Sub Sub Advisory Agreement (ING International High Dividend Equity Income Fund), Sub Sub Advisory Agreement (ING International High Dividend Equity Income Fund), Sub Sub Advisory Agreement (ING International High Dividend Equity Income Fund)

Expense Sharing. The Sub-Sub-Adviser hereby agrees to reimburse the Sub-Adviser Manager for the following costs incurred in connection with the Fund: all expenses or costs not ultimately borne by the Fund incurred in connection with creating and organizing the Fund; registering its shares for initial public offering; listing its shares on the New York Stock Exchange; preparing for and conducting the “road shows” to obtain indications of interestinterest (such costs shall not include travel and entertainment expenses incurred in connection with the “road shows”); producing, printing and delivering marketing materials and the “red ▇▇▇▇▇▇▇” prospectus for the Fund; compensating registered representatives of ING Funds Investments Distributor, LLC for sales of Fund shares; compensating the members of the underwriting syndicate for the Fund’s closing; and the Fund’s initial public offering, including the exercise of the underwriter’s over-allotment option (collectively, the “Covered Expenses”). The Sub-Sub-Adviser shall reimburse the Sub-Adviser Manager for 46% of Covered Expenses. The Sub-Adviser Manager shall provide to the Sub-Sub-Adviser reasonable proof of the amount incurred and that it is a Covered Expense and the Sub-Sub-Adviser shall provide reimbursement promptly after receipt of such proof.

Appears in 3 contracts

Sources: Sub Advisory Agreement (ING Emerging Markets High Dividend Equity Fund), Sub Advisory Agreement (ING Emerging Markets High Dividend Equity Fund), Sub Advisory Agreement (ING Emerging Markets High Dividend Equity Fund)

Expense Sharing. The Sub-Sub-Adviser hereby agrees to reimburse the Sub-Adviser Manager for the following costs incurred in connection with the Fund: all expenses or costs not ultimately borne by the Fund incurred in connection with creating and organizing the Fund; registering its shares for initial public offering; listing its shares on the New York Stock Exchange; preparing for and conducting the “road shows” to obtain indications of interestinterest (such costs shall not include travel and entertainment expenses incurred in connection with the “road shows”); producing, printing and delivering marketing materials and the “red h▇▇▇▇▇▇” prospectus for the Fund; compensating registered representatives of ING Funds Voya Investments Distributor, LLC for sales of Fund shares; compensating the members of the underwriting syndicate for the Fund’s closing; and the Fund’s initial public offering, including the exercise of the underwriter’s over-allotment option (collectively, the “Covered Expenses”). The Sub-Sub-Adviser shall reimburse the Sub-Adviser Manager for 46% of Covered Expenses. The Sub-Adviser Manager shall provide to the Sub-Sub-Adviser reasonable proof of the amount incurred and that it is a Covered Expense and the Sub-Sub-Adviser shall provide reimbursement promptly after receipt of such proof.

Appears in 2 contracts

Sources: Sub Advisory Agreement (Voya Emerging Markets High Dividend Equity Fund), Sub Advisory Agreement (Voya Emerging Markets High Dividend Equity Fund)

Expense Sharing. The Sub-Sub-Adviser hereby agrees to reimburse the Sub-Adviser Manager for the following costs incurred in connection with the FundFund and the Series to which the sub-Adviser acts as investment adviser and manager: all expenses or costs not ultimately borne by the Fund incurred in connection with creating creating, and organizing ongoing organization of the Fund; registering its shares for initial public offering; listing its shares on the New York Stock Exchange; preparing for and conducting the “road shows” to obtain indications of interest; producing, printing and delivering marketing materials and the “red h▇▇▇▇▇▇” prospectus for the Fund; compensating registered representatives of ING Voya Funds Distributor, LLC for sales of Fund shares; compensating the members of the underwriting syndicate for the Fund’s closing; and the Fund’s initial public offering, including the exercise of the underwriter’s over-allotment option option; transitioning of assets resulting from sub-adviser changes, and conducting proxies (collectively, the “Covered Expenses”). The Sub-Sub-Adviser shall reimburse the Sub-Adviser Manager for 56.5% of Covered Expenses. The Sub-Adviser Manager shall provide to the Sub-Sub-Adviser reasonable proof of the amount incurred and that it is a Covered Expense and the Sub-Sub-Adviser shall provide reimbursement promptly after receipt of such proof.

Appears in 2 contracts

Sources: Sub Advisory Agreement (Voya Asia Pacific High Dividend Equity Income Fund), Sub Advisory Agreement (Voya Asia Pacific High Dividend Equity Income Fund)

Expense Sharing. The Sub-Sub-Adviser hereby agrees to reimburse the Sub-Adviser for the following costs incurred in connection with the Fund: all expenses or costs not ultimately borne by the Fund incurred in connection with creating and organizing the Fund; registering its shares for initial public offering; listing its shares on the New York Stock Exchange; preparing for and conducting the “road shows” to obtain indications of interest; producing, printing and delivering marketing materials and the “red ▇▇▇▇▇▇▇” prospectus for the Fund; compensating registered representatives of ING Funds Distributor, LLC for sales of Fund shares; compensating the members of the underwriting syndicate for the Fund’s closing; and the Fund’s initial public offering, including the exercise of the underwriter’s over-allotment option (collectively, the “Covered Expenses”). The Sub-Sub-Adviser shall reimburse the Sub-Adviser for ___% of Covered Expenses. The Sub-Adviser shall provide to the Sub-Sub-Adviser reasonable proof of the amount incurred and that it is a Covered Expense and the Sub-Sub-Adviser shall provide reimbursement promptly after receipt of such proof.

Appears in 1 contract

Sources: Sub Sub Advisory Agreement (ING International High Dividend Equity Income Fund)

Expense Sharing. The Sub-Sub-Adviser hereby agrees to reimburse the Sub-Adviser Manager for the following costs incurred in connection with the FundFund and the Series to which the sub-Adviser acts as investment adviser and manager: all expenses or costs not ultimately borne by the Fund incurred in connection with creating creating, and organizing ongoing organization of the Fund; registering its shares for initial public offering; listing its shares on the New York Stock Exchange; preparing for and conducting the “road shows” to obtain indications of interest; producing, printing and delivering marketing materials and the “red ▇▇▇▇▇▇▇” prospectus for the Fund; compensating registered representatives of ING Funds Distributor, LLC for sales of Fund shares; compensating the members of the underwriting syndicate for the Fund’s closing; and the Fund’s initial public offering, including the exercise of the underwriter’s over-allotment option option; transitioning of assets resulting from sub-adviser changes, and conducting proxies (collectively, the “Covered Expenses”). The Sub-Sub-Adviser shall reimburse the Sub-Adviser Manager for 56.5% of Covered Expenses. The Sub-Adviser Manager shall provide to the Sub-Sub-Adviser reasonable proof of the amount incurred and that it is a Covered Expense and the Sub-Sub-Adviser shall provide reimbursement promptly after receipt of such proof.

Appears in 1 contract

Sources: Sub Advisory Agreement (ING Asia Pacific High Dividend Equity Income Fund)