Fee Waivers and Reimbursements. If the expenses borne by a Series in any fiscal year exceed the applicable expense limitations imposed by the securities regulations of any state in which shares are registered or qualified for sale to the public, the Manager will waive its fee or reimburse such Series for any excess up to the amount of the fee payable to it during that fiscal year pursuant to paragraph 6 hereof.
Appears in 8 contracts
Samples: Investment Advisory Agreement (First Investors Life Series Funds), Investment Advisory Agreement (First Investors Income Funds), Investment Advisory Agreement (First Investors Tax Exempt Funds)
