Common use of Reimbursement of Fee Waivers and Expense Reimbursements Clause in Contracts

Reimbursement of Fee Waivers and Expense Reimbursements. During any of the first three years subsequent to a Fund’s commencement of operations, the Advisor shall be entitled to reimbursement by the Fund or a Class of the Fund of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Advisor to the Fund or Class pursuant to Section 1 hereof (the “Reimbursement Amount”) to the extent that the Fund’s or Class’s Operating Expenses plus the amount so reimbursed equals the Expense Limit, provided that such amount paid to the Advisor will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed.

Reimbursement of Fee Waivers and Expense Reimbursements. During any of the first three years subsequent to a Fund’s commencement of operations, the Advisor Adviser shall be entitled to reimbursement by the Fund or a Class of the Fund of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Advisor Adviser to the Fund or Class pursuant to Section 1 hereof (the “Reimbursement Amount”) to the extent that the Fund’s or Class’s Operating Expenses plus the amount so reimbursed equals the Expense Limit, provided that such amount paid to the Advisor Adviser will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed.

Reimbursement of Fee Waivers and Expense Reimbursements. During any of the first three years subsequent to a the Fund’s commencement of operations, the Advisor Adviser shall be entitled to reimbursement by the Fund or a Class of the Fund of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Advisor Adviser to the Fund or Class pursuant to Section 1 hereof (the “Reimbursement Amount”) to the extent that the Fund’s or Class’s Operating Expenses plus the amount so reimbursed equals the Expense Limit, provided that such amount paid to the Advisor Adviser will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed.

Reimbursement of Fee Waivers and Expense Reimbursements. During any of the first three years subsequent to a Fund’s 's commencement of operations, the Advisor Adviser shall be entitled to reimbursement by the Fund or a Class of the Fund of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Advisor Adviser to the Fund or Class pursuant to Section 1 hereof (the “"Reimbursement Amount”") to the extent that the Fund’s 's or Class’s 's Operating Expenses plus the amount so reimbursed equals the Expense Limit, provided that such amount paid to the Advisor Adviser will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed.