Common use of Method B Clause in Contracts

Method B. Payment by the Fund; reimbursement by the Manager. The Fund shall pay all of the Fund’s expenses. The Manager shall make monthly reimbursements to the Fund, if and to the extent necessary to comply with the Fund’s expense limit stated in Section 3. The Fund shall make monthly payments to the Manager of any amount currently required to be repaid by the Fund and recovered by the Manager pursuant to Section 4. The amount of each monthly reimbursement or payment shall take into account cumulative year-to-date amounts. Necessary adjustments and corrections shall be made promptly during the fiscal year and as of the end of the fiscal year.