Common use of Fees and Expenses of the Bank Clause in Contracts

Fees and Expenses of the Bank. For the services rendered by the Bank hereunder, the Fund will pay to the Bank such fees at such rate as shall be agreed upon in writing by the parties from time to time. The Fund will also pay or reimburse the Bank from time to time for any transfer taxes payable upon any transfers made hereunder, and for all necessary proper disbursements, expenses and charges made or incurred by the Bank in the performance of this Agreement (including any duties listed on any Schedule hereto, if any) including any indemnities for any loss, liabilities or expense to the Bank as provided herein. The Bank will also be entitled to reimbursement by the Fund for all reasonable expenses incurred in conjunction with termination of this Agreement and any conversion or transfer work done in connection therewith. Fees and expenses will be calculated and billed monthly. The Bank shall prepare and mail its fees invoice and out-of-pockets invoice for the Portfolios to the Fund after the close of each calendar month, with the amount being due and payable ten (10) business days after the invoice is prepared and delivered via overnight courier. Upon receipt of the Fund approved invoice, the Bank's fees may be charged against any cash balance held by the Fund Portfolios. Fees charged to an account may result in an overdraft that will be subject to normal interest charges.

Fees and Expenses of the Bank. For the services rendered by the Bank hereunder, the Fund will pay to the Bank such fees at such rate as shall be agreed upon in writing by the parties from time to time. The Fund will also pay or reimburse the Bank from time to time for any transfer taxes payable upon any transfers made hereunder, and for all necessary proper disbursements, expenses and charges made or incurred by the Bank in the performance of this Agreement (including any duties listed on any Schedule hereto, if any) including any indemnities for any loss, liabilities or expense to the Bank as provided herein. The Bank will also be entitled to reimbursement by the Fund for all reasonable expenses incurred in conjunction with termination of this Agreement and any conversion or transfer work done in connection therewith. Fees and expenses will be calculated and billed monthly. The Bank shall prepare and mail its fees invoice and out-of-pockets invoice for the Portfolios to the Fund after the close of each calendar month, with the amount being due and payable ten (10) business days after the invoice is prepared and delivered via overnight courier. Upon receipt of the Fund approved invoice, the Bank's ’s fees may be charged against any cash balance held by the Fund Portfolios. Fees charged to an account may result in an overdraft that will be subject to normal interest charges.