Common use of Expenses of the Administrator Clause in Contracts

Expenses of the Administrator. As full compensation for the services and the facilities furnished by or at the direction of the Administrator, the Fund shall reimburse the Administrator for expenses incurred by it or its affiliates in accordance with the cost allocation methodologies that may from time to time be approved by the Fund’s Board of Trustees. Such expenses shall include the costs of maintaining staff, personnel, office equipment and facilities necessary for the Administrator to perform its obligations under this Agreement. Such expenses, which will also include the fees and expenses of any sub-administrator paid by the Administrator, shall be billed monthly and shall be payable promptly by the Fund. Except as specifically provided herein, the Fund and RMR Advisors assume and shall pay or cause to be paid all other expenses of the Fund as set forth in the Investment Advisory Agreement.

Appears in 3 contracts

Samples: Administration Agreement (RMR Real Estate Income Fund), Administration Agreement (New RMR Asia Pacific Real Estate Fund), Administration Agreement (RMR Real Estate Income Fund)

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Expenses of the Administrator. As full compensation for the services and the facilities furnished by or at the direction of the Administrator, the Fund shall reimburse the Administrator for expenses incurred by it or its affiliates in accordance with the cost allocation methodologies that may from time to time be approved by the Fund’s Board of TrusteesBoard. Such expenses shall include the costs of maintaining staff, personnel, office equipment and facilities necessary for the Administrator to perform its obligations under this Agreement. Such expenses, which will also include the fees and expenses of any sub-administrator paid by the Administrator, shall be billed monthly and shall be payable promptly by the Fund. Except as specifically provided herein, the Fund and RMR Advisors Advisors, Inc. assume and shall pay or cause to be paid all other expenses of the Fund as set forth in the Investment Advisory Agreement.

Appears in 3 contracts

Samples: Administration Agreement (RMR Dividend Capture Fund), Administration Agreement (RMR Asia Real Estate Fund), Form of Administration Agreement (RMR Preferred Dividend Fund)

Expenses of the Administrator. As full compensation for the services and the facilities furnished by or at the direction of the Administrator, the Fund shall reimburse the Administrator for expenses incurred by it or its affiliates in accordance with the cost allocation methodologies that may from time to time be approved by the Fund’s Board of TrusteesBoard. Such expenses shall include the costs of maintaining staff, personnel, office equipment and facilities necessary for the Administrator to perform its obligations under this Agreement. Such expenses, which will also include the fees and expenses of any sub-administrator paid by the Administrator, shall be billed monthly and shall be payable promptly by the Fund. Except as specifically provided herein, the Fund and RMR Advisors Inc. assume and shall pay or cause to be paid all other expenses of the Fund as set forth in the Investment Advisory Agreement.

Appears in 2 contracts

Samples: Form of Administration Agreement (RMR F.I.R.E. Fund), Administration Agreement (RMR Asia Pacific Real Estate Fund)

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Expenses of the Administrator. As full compensation for the services and the facilities furnished by or at the direction of the Administrator, the Fund Trust shall reimburse the Administrator for expenses incurred by it or its affiliates in accordance with the cost allocation methodologies that may from time to time be approved by the Fund’s Board of TrusteesBoard. Such expenses shall include the costs of maintaining staff, personnel, office equipment and facilities necessary for the Administrator to perform its obligations under this Agreement. Such expenses, which will also include the fees and expenses of any sub-administrator paid by the Administrator, shall be billed monthly and shall be payable promptly by the FundTrust. Except as specifically provided herein, the Fund Trust and RMR Advisors Advisors, Inc. assume and shall pay or cause to be paid all other expenses of the Fund Funds as set forth in the Investment Advisory Agreement.

Appears in 1 contract

Samples: Form of Administration Agreement (RMR Funds Series Trust)

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