Expenses of Each Fund. Each Fund shall pay all expenses other than those expressly assumed by the Advisor. Expenses payable by the Fund shall include, but are not limited to: Fees to the Advisor as provided herein; Legal and audit expenses; Fees and expenses related to the registration and qualification of the Corporation and its shares for distribution under federal and state securities laws; Expenses of the administrative services agent, transfer agent, registrar, custodian, dividend disbursing agent and shareholder servicing agent; Any telephone charges associated with shareholder servicing or the maintenance of the Funds or Corporation; Salaries, fees and expenses of Directors and executive officers of the Corporation, other than Advisor Employees; Taxes and corporate fees levied against the Corporation; Brokerage commissions and other expenses associated with the purchase and sale of portfolio securities for the Corporation; Expenses, including interest, of borrowing money; Expenses incidental to meetings of the Corporation's shareholders and the maintenance of the Corporation's organizational existence; Expenses of printing stock certificates representing shares of the Corporation and expenses of preparing, printing and mailing notices, proxy material, reports to regulatory bodies and reports to shareholders of the Corporation; Expenses of preparing and typesetting of prospectuses of the Corporation; Expenses of printing and distributing prospectuses to shareholders of the Corporation; Association membership dues; Insurance premiums for fidelity and other coverage; Distribution Plan expenses, as permitted by Rule 12b-1 under the 1940 Act and as approved by the Board; and Such other legitimate Corporation expenses as the Board of Directors may from time to time determine are properly chargeable to the Corporation.
Expenses of Each Fund. It is understood that each Fund will pay all of its expenses other than those expressly assumed by the Adviser herein, which expenses payable by the Fund shall include:
Expenses of Each Fund. Each Fund shall pay all expenses other than those expressly assumed by the Advisor. Expenses payable by the Fund shall include, but are not limited to:
Expenses of Each Fund. (a) Except as otherwise provided herein, the Adviser will at its own expense furnish to the Trust office space in its offices or in such other place as may be agreed upon from time to time, and all necessary office facilities, equipment and personnel for managing each Fund’s investments, and the Adviser will arrange, if desired by the Trust, for members of its organization to serve as trustees, officers or agents of the Trust.
Expenses of Each Fund. The Company and each Fund shall bear the expense of the fees of its investment advisers, the Administrator's compensation under this Agreement, and any expenses of any "master" fund in which a Fund invests.
Expenses of Each Fund under the Paragraph entitled “2.2 Expenses to Be Paid by the Fund.” and re-number all sub-paragraphs numerically thereafter:
Expenses of Each Fund. 2.1 Expenses to Be Paid by the Administrator. If the Administrator pays or assumes any expenses of the Fund or a Fund not required to be paid or assumed by the Administrator under this Agreement, the Administrator shall not be obligated hereby to pay or assume the same or any similar expense in the future; provided, that nothing herein contained shall be deemed to relieve the Administrator of any obligation to the Fund or to a Fund under any separate agreement or arrangement between the parties.
Expenses of Each Fund. 2.1 Expenses to Be Paid by the Administrator. The following expenses shall be paid or assumed by the Administrator under this Agreement. If the Administrator pays or assumes any expenses of the Trust or a Fund not required to be paid or assumed by the Administrator under this Agreement, the Administrator shall not be obligated hereby to pay or assume the same or any similar expense in the future; provided, that nothing herein contained shall be deemed to relieve the Administrator of any obligation to the Trust or to a Fund under any separate agreement or arrangement between the parties.
Expenses of Each Fund. 1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts;
Expenses of Each Fund. The Company and each Fund shall bear the following fees and expenses: (i) the fees of its investment advisers; (ii) the Administrator's compensation under this Agreement; (iii) any expenses of any "master" fund in which a Fund invests; and (iv) all other operating expenses of such Fund to the extent that such other operating expenses do not exceed 0.70% of such Fund's daily net assets on an annualized basis. Except as modified and amended hereby, the Agreement is hereby ratified and confirmed in full force and effect in accordance with its terms.
