Common use of Expenses to be Paid by the Fund Clause in Contracts

Expenses to be Paid by the Fund. Each Fund shall bear all expenses of its operation, except those specifically allocated to the Administrator under this Agreement or under any separate agreement between such Fund and the Administrator. Expenses to be borne by such Fund shall include both expenses directly attributable to the operation of that Fund and the offering of its shares, as well as the portion of any expenses of the Fund that is properly allocable to such Fund in a manner approved by the Board of Managers of the Fund. Subject to any separate agreement or arrangement between the Fund of a Fund and the Administrator, the expenses hereby allocated to each Fund, and not to the Administrator, include, but are not limited to:

Expenses to be Paid by the Fund. Each The Fund shall bear all expenses of its operation, except those specifically allocated to the Administrator under this Agreement or under any separate agreement between such the Fund and the Administrator. Expenses to be borne by such the Fund shall include both expenses directly attributable to the operation of that the Fund and the offering of its shares, as well as the portion of any expenses of the Fund Company that is properly allocable to such the Fund in a manner approved by the Board of Managers of the Fund. Subject to any separate agreement or arrangement between the Fund of a Company or the Fund and the Administrator, the expenses hereby allocated to each the Fund, and not to the Administrator, include, but are not limited to:

Expenses to be Paid by the Fund. Each The Fund shall bear all expenses of its operation, except those specifically allocated to the Administrator under this Agreement or under any separate agreement between such the Fund and the Administrator. Expenses to be borne by such the Fund shall include both expenses directly attributable to the operation of that the Fund and the offering of its shares, as well as the portion of any expenses of the Fund Trust that is properly allocable to such the Fund in a manner approved by the Board of Managers Trustees of the FundTrust ("Board of Trustees"). Subject to any separate agreement or arrangement between the Fund Trust of a the Fund and the Administrator, the expenses hereby allocated to each the Fund, and not to the Administrator, include, but are not limited to: