{"component": "clause", "props": {"groups": [{"samples": [{"hash": "lxBjrkThEZp", "uri": "/contracts/lxBjrkThEZp#reimbursement-of-fees-and-expenses", "label": "Operating Expenses Limitation Agreement (Advisors Series Trust)", "score": 35.1560592651, "published": true}, {"hash": "5y1BRsJgpXY", "uri": "/contracts/5y1BRsJgpXY#reimbursement-of-fees-and-expenses", "label": "Etf Operating Expenses Limitation Agreement (FundX Investment Trust)", "score": 35.0739212036, "published": true}, {"hash": "crgxwiuJAWP", "uri": "/contracts/crgxwiuJAWP#reimbursement-of-fees-and-expenses", "label": "Operating Expenses Limitation Agreement (Advisors Series Trust)", "score": 34.8987007141, "published": true}], "size": 586, "snippet": "The Advisor retains its right to receive reimbursement of any excess expense payments paid by it pursuant to this Agreement under the same terms and conditions as it is permitted to receive reimbursement of reductions of its investment management fee under the Investment Advisory Agreement.", "snippet_links": [{"key": "the-advisor", "type": "clause", "offset": [0, 11]}, {"key": "receive-reimbursement", "type": "clause", "offset": [33, 54]}, {"key": "expense-payments", "type": "definition", "offset": [69, 85]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [97, 123]}, {"key": "same-terms-and-conditions", "type": "clause", "offset": [134, 159]}, {"key": "investment-management-fee", "type": "clause", "offset": [225, 250]}, {"key": "the-investment-advisory-agreement", "type": "clause", "offset": [257, 290]}], "hash": "39e9c30ee05315814bd94a5303bc12e1", "id": 1}, {"samples": [{"hash": "lHHtFXqNApv", "uri": "/contracts/lHHtFXqNApv#reimbursement-of-fees-and-expenses", "label": "Operating Expense Limitation Agreement (Unified Series Trust)", "score": 34.3237495422, "published": true}, {"hash": "czXuua3nRNR", "uri": "/contracts/czXuua3nRNR#reimbursement-of-fees-and-expenses", "label": "Operating Expense Limitation Agreement (Unified Series Trust)", "score": 32.319644928, "published": true}, {"hash": "gpMLCvG3q6r", "uri": "/contracts/gpMLCvG3q6r#reimbursement-of-fees-and-expenses", "label": "Operating Expense Limitation Agreement (Ohio National Fund Inc)", "score": 32.3141670227, "published": true}], "size": 78, "snippet": "The Adviser retains its right to receive reimbursement of any excess expense payments paid by it pursuant to this Agreement in the three years following the date the particular expense payment occurred, but only if such reimbursement can be achieved without exceeding the applicable Annual Limit in effect at the time of the expense payment or the reimbursement.", "snippet_links": [{"key": "the-adviser", "type": "clause", "offset": [0, 11]}, {"key": "receive-reimbursement", "type": "clause", "offset": [33, 54]}, {"key": "expense-payments", "type": "definition", "offset": [69, 85]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [97, 123]}, {"key": "following-the", "type": "definition", "offset": [143, 156]}, {"key": "the-applicable", "type": "clause", "offset": [268, 282]}, {"key": "annual-limit", "type": "clause", "offset": [283, 295]}, {"key": "in-effect", "type": "definition", "offset": [296, 305]}, {"key": "time-of-the", "type": "clause", "offset": [313, 324]}], "hash": "78e6d65745bd0de92e0c13e350f46cc0", "id": 5}, {"samples": [{"hash": "jBHlaJUbjH3", "uri": "/contracts/jBHlaJUbjH3#reimbursement-of-fees-and-expenses", "label": "Operating Expenses Limitation Agreement (Investment Managers Series Trust)", "score": 35.3230667114, "published": true}, {"hash": "4UlQCTHrm1U", "uri": "/contracts/4UlQCTHrm1U#reimbursement-of-fees-and-expenses", "label": "Operating Expenses Limitation Agreement (Investment Managers Series Trust)", "score": 34.3237495422, "published": true}, {"hash": "1glAKt4oKxt", "uri": "/contracts/1glAKt4oKxt#reimbursement-of-fees-and-expenses", "label": "Operating Expenses Limitation Agreement (Investment Managers Series Trust)", "score": 33.6557159424, "published": true}], "size": 281, "snippet": "Any payments to a Fund by the Advisor (with respect to a Class, as applicable) (each a \u201cSubsidy\u201d) pursuant to this Agreement are subject to reimbursement by the Fund (or Class, as applicable) to the Advisor for a period ending three (3) full fiscal years after the date of the Subsidy, if so requested by the Advisor. The reimbursement may be paid by the Fund (or Class, as applicable) if the aggregate amount of the Fund\u2019s (or Class\u2019) Operating Expenses for the fiscal year in which the request for reimbursement is made, taking into account the reimbursement, does not exceed the Annual Limit in place at the time of the Subsidy or the current limitation on the Fund\u2019s (or Class\u2019) Operating Expenses, if less. In no case will the reimbursement amount exceed the total amount of Subsidies made by the Advisor with respect to a Fund (or Class, as applicable) pursuant to this Agreement and no reimbursement will include any amounts previously reimbursed. No reimbursement may be paid prior to the Fund\u2019s payment of current Operating Expenses. Notwithstanding anything to the contrary herein, the provisions of this Paragraph 3 shall survive the termination of this Agreement, provided that the Investment Advisory Agreement has not been terminated. In such event, the Annual Limits for purposes of this Paragraph 3 shall continue to be the amounts listed in Appendix A.", "snippet_links": [{"key": "payments-to", "type": "definition", "offset": [4, 15]}, {"key": "by-the-advisor", "type": "clause", "offset": [23, 37]}, {"key": "with-respect-to", "type": "clause", "offset": [39, 54]}, {"key": "a-class", "type": "definition", "offset": [55, 62]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [98, 124]}, {"key": "subject-to", "type": "clause", "offset": [129, 139]}, {"key": "reimbursement-by-the-fund", "type": "clause", "offset": [140, 165]}, {"key": "to-the-advisor", "type": "definition", "offset": [192, 206]}, {"key": "period-ending", "type": "definition", "offset": [213, 226]}, {"key": "fiscal-years", "type": "clause", "offset": [242, 254]}, {"key": "date-of", "type": "clause", "offset": [265, 272]}, {"key": "the-subsidy", "type": "clause", "offset": [273, 284]}, {"key": "requested-by", "type": "clause", "offset": [292, 304]}, {"key": "aggregate-amount", "type": "clause", "offset": [393, 409]}, {"key": "request-for-reimbursement", "type": "clause", "offset": [488, 513]}, {"key": "the-annual", "type": "clause", "offset": [578, 588]}, {"key": "in-place", "type": "definition", "offset": [595, 603]}, {"key": "time-of-the", "type": "clause", "offset": [611, 622]}, {"key": "the-current", "type": "clause", "offset": [634, 645]}, {"key": "limitation-on", "type": "definition", "offset": [646, 659]}, {"key": "in-no-case", "type": "clause", "offset": [712, 722]}, {"key": "reimbursement-amount", "type": "definition", "offset": [732, 752]}, {"key": "total-amount", "type": "definition", "offset": [764, 776]}, {"key": "no-reimbursement", "type": "clause", "offset": [890, 906]}, {"key": "to-the-fund", "type": "definition", "offset": [990, 1001]}, {"key": "payment-of", "type": "clause", "offset": [1004, 1014]}, {"key": "current-operating-expenses", "type": "definition", "offset": [1015, 1041]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [1043, 1083]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [1092, 1114]}, {"key": "paragraph-3", "type": "definition", "offset": [1115, 1126]}, {"key": "termination-of-this-agreement", "type": "clause", "offset": [1145, 1174]}, {"key": "provided-that", "type": "definition", "offset": [1176, 1189]}, {"key": "the-investment-advisory-agreement", "type": "clause", "offset": [1190, 1223]}, {"key": "annual-limits", "type": "clause", "offset": [1268, 1281]}, {"key": "for-purposes-of-this", "type": "clause", "offset": [1282, 1302]}], "hash": "3f0f3aff677ab67330d8194f31442119", "id": 4}, {"samples": [{"hash": "2V3MtkPt49I", "uri": "/contracts/2V3MtkPt49I#reimbursement-of-fees-and-expenses", "label": "Dealer Manager Agreement (Moody National REIT II, Inc.)", "score": 27.0369606018, "published": true}, {"hash": "ge4FGPVpJPf", "uri": "/contracts/ge4FGPVpJPf#reimbursement-of-fees-and-expenses", "label": "Dealer Manager Agreement (NorthStar Real Estate Income II, Inc.)", "score": 27.0260105133, "published": true}, {"hash": "hqrHGTz5Fho", "uri": "/contracts/hqrHGTz5Fho#reimbursement-of-fees-and-expenses", "label": "Dealer Manager Agreement (Steadfast Apartment REIT, Inc.)", "score": 26.7850780487, "published": true}], "size": 282, "snippet": "An indemnifying party under Section 7 of this Agreement shall be obligated to reimburse an indemnified party for reasonable legal and other expenses as follows:\n(a) In the case of the Company and/or the Operating Partnership indemnifying the Dealer Manager, the advancement of Company funds to the Dealer Manager for legal expenses and other costs incurred as a result of any legal action for which indemnification is being sought shall be permissible (in accordance with Section II.G. of the NASAA REIT Guidelines) only if all of the following conditions are satisfied: (i) the legal action relates to acts or omissions with respect to the performance of duties or services on behalf of the Company; (ii) the legal action is initiated by a third party who is not a stockholder of the Company or the legal action is initiated by a stockholder of the Company acting in his or her capacity as such and a court of competent jurisdiction specifically approves such advancement; and (iii) the Dealer Manager undertakes to repay the advanced funds to the Company, together with the applicable legal rate of interest thereon, in cases in which the Dealer Manager is found not to be entitled to indemnification.\n(b) In any case of indemnification other than that described in Section 7.6(a) above, the indemnifying party shall pay all legal fees and expenses reasonably incurred by the indemnified party in the defense of such claims or actions; provided, however, that the indemnifying party shall not be obligated to pay legal expenses and fees to more than one law firm in connection with the defense of similar claims arising out of the same alleged acts or omissions giving rise to such claims notwithstanding that such actions or claims are alleged or brought by one or more parties against more than one indemnified party. If such claims or actions are alleged or brought against more than one indemnified party, then the indemnifying party shall only be obliged to reimburse the expenses and fees of the one law firm that has been participating by a majority of the indemnified parties against which such action is finally brought; and in the event a majority of such indemnified parties is unable to agree on which law firm for which expenses or fees will be reimbursable by the indemnifying party, then payment shall be made to the first law firm of record representing an indemnified party against the action or claim. Such law firm shall be paid only to the extent of services performed by such law firm and no reimbursement shall be payable to such law firm on account of legal services performed by another law firm.", "snippet_links": [{"key": "indemnifying-party", "type": "definition", "offset": [3, 21]}, {"key": "section-7", "type": "definition", "offset": [28, 37]}, {"key": "this-agreement", "type": "clause", "offset": [41, 55]}, {"key": "to-reimburse", "type": "definition", "offset": [75, 87]}, {"key": "an-indemnified-party", "type": "clause", "offset": [88, 108]}, {"key": "legal-and-other-expenses", "type": "definition", "offset": [124, 148]}, {"key": "in-the-case", "type": "clause", "offset": [165, 176]}, {"key": "the-operating-partnership", "type": "definition", "offset": [199, 224]}, {"key": "the-dealer-manager", "type": "definition", "offset": [238, 256]}, {"key": "company-funds", "type": "clause", "offset": [277, 290]}, {"key": "legal-expenses", "type": "definition", "offset": [317, 331]}, {"key": "costs-incurred", "type": "definition", "offset": [342, 356]}, {"key": "legal-action", "type": "clause", "offset": [376, 388]}, {"key": "in-accordance-with", "type": "definition", "offset": [453, 471]}, {"key": "nasaa-reit-guidelines", "type": "clause", "offset": [493, 514]}, {"key": "relates-to", "type": "definition", "offset": [592, 602]}, {"key": "acts-or-omissions", "type": "clause", "offset": [603, 620]}, {"key": "with-respect-to", "type": "clause", "offset": [621, 636]}, {"key": "performance-of-duties", "type": "definition", "offset": [641, 662]}, {"key": "behalf-of-the-company", "type": "clause", "offset": [678, 699]}, {"key": "by-a-third-party", "type": "clause", "offset": [736, 752]}, {"key": "not-a-stockholder", "type": "clause", "offset": [760, 777]}, {"key": "court-of-competent-jurisdiction", "type": "definition", "offset": [902, 933]}, {"key": "to-repay", "type": "clause", "offset": [1014, 1022]}, {"key": "advanced-funds", "type": "clause", "offset": [1027, 1041]}, {"key": "to-the-company", "type": "clause", "offset": [1042, 1056]}, {"key": "legal-rate-of-interest", "type": "clause", "offset": [1087, 1109]}, {"key": "legal-fees-and-expenses", "type": "clause", "offset": [1327, 1350]}, {"key": "claims-or-actions", "type": "clause", "offset": [1419, 1436]}, {"key": "to-pay", "type": "clause", "offset": [1508, 1514]}, {"key": "expenses-and-fees", "type": "definition", "offset": [1521, 1538]}, {"key": "law-firm", "type": "definition", "offset": [1556, 1564]}, {"key": "in-connection-with", "type": "clause", "offset": [1565, 1583]}, {"key": "arising-out-of", "type": "definition", "offset": [1614, 1628]}, {"key": "a-majority", "type": "definition", "offset": [2048, 2058]}, {"key": "indemnified-parties", "type": "clause", "offset": [2066, 2085]}, {"key": "in-the-event", "type": "clause", "offset": [2136, 2148]}, {"key": "of-record", "type": "definition", "offset": [2349, 2358]}, {"key": "the-action", "type": "definition", "offset": [2401, 2411]}, {"key": "performed-by", "type": "clause", "offset": [2481, 2493]}, {"key": "no-reimbursement", "type": "clause", "offset": [2512, 2528]}, {"key": "payable-to", "type": "definition", "offset": [2538, 2548]}, {"key": "legal-services", "type": "clause", "offset": [2577, 2591]}], "hash": "639e1dba88a3bf86c92f0bc557a012c7", "id": 3}, {"samples": [{"hash": "6JTLiOHbRBv", "uri": "/contracts/6JTLiOHbRBv#reimbursement-of-fees-and-expenses", "label": "Operating Expenses Limitation Agreement (Collaborative Investment Series Trust)", "score": 35.566734314, "published": true}, {"hash": "jsx6jeRU5tR", "uri": "/contracts/jsx6jeRU5tR#reimbursement-of-fees-and-expenses", "label": "Operating Expenses Limitation Agreement (Collaborative Investment Series Trust)", "score": 35.071182251, "published": true}, {"hash": "fNi4mHbjSuq", "uri": "/contracts/fNi4mHbjSuq#reimbursement-of-fees-and-expenses", "label": "Operating Expenses Limitation Agreement (Collaborative Investment Series Trust)", "score": 35.071182251, "published": true}], "size": 75, "snippet": "The Advisor retains its right to receive reimbursement of any excess expense payments paid by it pursuant to this Agreement for three years from the date on which the waiver or reimbursement occurs, if such reimbursement can be achieved within the lesser of the Operating Expense Limitations listed in Appendix A or the expense limits in place at the time of recoupment. The Advisor\u2019s right to receive such reimbursement shall survive the termination of either this Agreement or the Investment Advisory Agreement.", "snippet_links": [{"key": "the-advisor", "type": "clause", "offset": [0, 11]}, {"key": "receive-reimbursement", "type": "clause", "offset": [33, 54]}, {"key": "expense-payments", "type": "definition", "offset": [69, 85]}, {"key": "agreement-for", "type": "clause", "offset": [114, 127]}, {"key": "the-waiver", "type": "clause", "offset": [163, 173]}, {"key": "lesser-of", "type": "definition", "offset": [248, 257]}, {"key": "operating-expense-limitations", "type": "clause", "offset": [262, 291]}, {"key": "appendix-a", "type": "definition", "offset": [302, 312]}, {"key": "in-place", "type": "definition", "offset": [335, 343]}, {"key": "at-the-time", "type": "clause", "offset": [344, 355]}, {"key": "termination-of", "type": "clause", "offset": [439, 453]}, {"key": "agreement-or", "type": "definition", "offset": [466, 478]}, {"key": "the-investment-advisory-agreement", "type": "clause", "offset": [479, 512]}], "hash": "a5fe711e366e2069d693d12727d41ef9", "id": 6}, {"samples": [{"hash": "bghY8b8BZKH", "uri": "/contracts/bghY8b8BZKH#reimbursement-of-fees-and-expenses", "label": "Operating Expenses Limitation and Security Agreement (Northern Lights Fund Trust Ii)", "score": 34.7070503235, "published": true}, {"hash": "frNxz9519e9", "uri": "/contracts/frNxz9519e9#reimbursement-of-fees-and-expenses", "label": "Operating Expenses Limitation Agreement (Northern Lights Fund Trust)", "score": 34.4934959412, "published": true}, {"hash": "cWsJ6Z3muNA", "uri": "/contracts/cWsJ6Z3muNA#reimbursement-of-fees-and-expenses", "label": "Operating Expenses Limitation and Security Agreement (Northern Lights Fund Trust)", "score": 33.9568786621, "published": true}], "size": 578, "snippet": "The Advisor retains its right to receive in future years on a rolling three year basis, reimbursement of any Fund Reimbursement Payments paid by the Advisor pursuant to this Agreement, if such reimbursement can be achieved within the Operating Expense Limitations listed in Appendix A.", "snippet_links": [{"key": "right-to-receive", "type": "clause", "offset": [24, 40]}, {"key": "future-years", "type": "clause", "offset": [44, 56]}, {"key": "reimbursement-payments", "type": "definition", "offset": [114, 136]}, {"key": "by-the-advisor", "type": "clause", "offset": [142, 156]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [157, 183]}, {"key": "operating-expense-limitations", "type": "clause", "offset": [234, 263]}], "hash": "563d9657b741c3e66b52c642d692261d", "id": 2}, {"samples": [{"hash": "fz87jagEFTK", "uri": "/contracts/fz87jagEFTK#reimbursement-of-fees-and-expenses", "label": "Operating Expense Limitation Agreement (Unified Series Trust)", "score": 35.566734314, "published": true}, {"hash": "e37I0PoFXFx", "uri": "/contracts/e37I0PoFXFx#reimbursement-of-fees-and-expenses", "label": "Operating Expense Limitation Agreement (Unified Series Trust)", "score": 35.566734314, "published": true}, {"hash": "7JfnVB0W5XR", "uri": "/contracts/7JfnVB0W5XR#reimbursement-of-fees-and-expenses", "label": "Operating Expense Limitation Agreement (Unified Series Trust)", "score": 35.3230667114, "published": true}], "size": 54, "snippet": "Each waiver/expense payment by the Adviser is subject to recoupment by the Adviser from the Fund in the three years following the date the particular waiver/expense payment occurred, but only if such recoupment can be achieved without exceeding the Annual Limit in effect at the time of the waiver/expense payment and any Annual Limit in effect at the time of the recoupment.", "snippet_links": [{"key": "by-the-adviser", "type": "clause", "offset": [28, 42]}, {"key": "subject-to", "type": "clause", "offset": [46, 56]}, {"key": "the-fund", "type": "clause", "offset": [88, 96]}, {"key": "following-the", "type": "definition", "offset": [116, 129]}, {"key": "annual-limit", "type": "clause", "offset": [249, 261]}, {"key": "in-effect", "type": "definition", "offset": [262, 271]}, {"key": "the-waiver", "type": "clause", "offset": [287, 297]}], "hash": "83d6206af9c76fb250fc6772ffe57ebd", "id": 7}, {"samples": [{"hash": "f8AHgbliO0x", "uri": "/contracts/f8AHgbliO0x#reimbursement-of-fees-and-expenses", "label": "Operating Expenses Limitation Agreement (Gabelli International Growth Fund, Inc)", "score": 34.3264884949, "published": true}, {"hash": "92LKuJIhSQk", "uri": "/contracts/92LKuJIhSQk#reimbursement-of-fees-and-expenses", "label": "Operating Expenses Limitation Agreement (Gamco International Growth Fund, Inc)", "score": 28.3251190186, "published": true}, {"hash": "9bBgQIPHGVV", "uri": "/contracts/9bBgQIPHGVV#reimbursement-of-fees-and-expenses", "label": "Operating Expenses Limitation Agreement (Keeley Funds, Inc.)", "score": 28.0732383728, "published": true}], "size": 44, "snippet": "The Adviser retains its right to receive reimbursement of any excess expense payments paid by it pursuant to this Agreement made in the prior three fiscal years.", "snippet_links": [{"key": "the-adviser", "type": "clause", "offset": [0, 11]}, {"key": "receive-reimbursement", "type": "clause", "offset": [33, 54]}, {"key": "expense-payments", "type": "definition", "offset": [69, 85]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [97, 123]}, {"key": "fiscal-years", "type": "clause", "offset": [148, 160]}], "hash": "7539b13de5caee793fe9287a27980faf", "id": 10}, {"samples": [{"hash": "2ipjNxk5rtV", "uri": "/contracts/2ipjNxk5rtV#reimbursement-of-fees-and-expenses", "label": "Operating Expense Limitation Agreement (Angel Oak Funds Trust)", "score": 35.4052009583, "published": true}, {"hash": "9R1LmLb34Xu", "uri": "/contracts/9R1LmLb34Xu#reimbursement-of-fees-and-expenses", "label": "Operating Expense Limitation Agreement (Texas Capital Funds Trust)", "score": 33.3244361877, "published": true}, {"hash": "6p4QNqlhCgk", "uri": "/contracts/6p4QNqlhCgk#reimbursement-of-fees-and-expenses", "label": "Operating Expense Limitation Agreement (Texas Capital Funds Trust)", "score": 32.9603004456, "published": true}], "size": 46, "snippet": "Each Fund agrees to pay to the Adviser the amount of fees (including any amounts foregone through limitation or reimbursed pursuant to Section 1 hereof) that, but for Section 1 hereof, would have been payable by the Fund to the Adviser pursuant to the Advisory Agreement or which have been reimbursed in accordance with Section 1 (the \u201cDeferred Fees\u201d), subject to the limitations provided in this Section. Such repayment shall be made monthly, but only if the operating expenses of the Fund (exclusive of any Excluded Expenses), without regard to such repayment, are at an annual rate (as a percentage of the average daily net assets of the Fund) equal to or less than the \u201cMaximum Operating Expense Limit\u201d for each respective class of shares of the Fund, as set forth on Schedule A. Furthermore, the amount of Deferred Fees paid by a Fund in any month shall be limited so that the sum of: (a) the amount of such payment and (b) the other operating expenses of the Fund (exclusive of any Excluded Expenses) do not exceed the above-referenced \u201cMaximum Operating Expense Limit\u201d for each respective class of shares of a Fund. Deferred Fees with respect to any month of a Fund shall not be payable by the Fund to the extent that the amounts payable by the Fund pursuant to the preceding paragraph during the period ending three years after the end of such month in which the Adviser incurred the expense are not sufficient to pay such Deferred Fees. In no event will a Fund be obligated to pay any fees waived or deferred by the Adviser with respect to any other series of the Trust.", "snippet_links": [{"key": "to-the-adviser", "type": "clause", "offset": [24, 38]}, {"key": "amount-of-fees", "type": "clause", "offset": [43, 57]}, {"key": "pursuant-to-section-1", "type": "clause", "offset": [123, 144]}, {"key": "for-section-1", "type": "definition", "offset": [163, 176]}, {"key": "by-the-fund", "type": "clause", "offset": [209, 220]}, {"key": "agreement-or", "type": "definition", "offset": [261, 273]}, {"key": "in-accordance-with", "type": "definition", "offset": [301, 319]}, {"key": "deferred-fees", "type": "definition", "offset": [336, 349]}, {"key": "subject-to-the", "type": "definition", "offset": [353, 367]}, {"key": "expenses-of-the-fund", "type": "clause", "offset": [470, 490]}, {"key": "excluded-expenses", "type": "clause", "offset": [509, 526]}, {"key": "annual-rate", "type": "clause", "offset": [573, 584]}, {"key": "a-percentage", "type": "definition", "offset": [589, 601]}, {"key": "net-assets-of-the-fund", "type": "definition", "offset": [623, 645]}, {"key": "equal-to", "type": "definition", "offset": [647, 655]}, {"key": "operating-expense-limit", "type": "clause", "offset": [682, 705]}, {"key": "shares-of-the-fund", "type": "clause", "offset": [736, 754]}, {"key": "on-schedule", "type": "definition", "offset": [769, 780]}, {"key": "fees-paid", "type": "clause", "offset": [820, 829]}, {"key": "sum-of", "type": "clause", "offset": [882, 888]}, {"key": "other-operating-expenses", "type": "definition", "offset": [933, 957]}, {"key": "shares-of-a-fund", "type": "clause", "offset": [1105, 1121]}, {"key": "with-respect-to", "type": "clause", "offset": [1137, 1152]}, {"key": "to-the-extent", "type": "clause", "offset": [1206, 1219]}, {"key": "amounts-payable", "type": "definition", "offset": [1229, 1244]}, {"key": "period-ending", "type": "definition", "offset": [1304, 1317]}, {"key": "in-no-event-will", "type": "clause", "offset": [1446, 1462]}, {"key": "by-the-adviser", "type": "clause", "offset": [1518, 1532]}, {"key": "series-of-the-trust", "type": "clause", "offset": [1559, 1578]}], "hash": "436c125571080507a31f331e97082690", "id": 9}, {"samples": [{"hash": "hPiPNDNIXOn", "uri": "/contracts/hPiPNDNIXOn#reimbursement-of-fees-and-expenses", "label": "Operating Expense Limitation Agreement (Saratoga Advantage Trust)", "score": 25.9158115387, "published": true}, {"hash": "gVTN9ptl2cK", "uri": "/contracts/gVTN9ptl2cK#reimbursement-of-fees-and-expenses", "label": "Operating Expense Limitation Agreement (Saratoga Advantage Trust)", "score": 25.9158115387, "published": true}, {"hash": "cbt16CqjuYL", "uri": "/contracts/cbt16CqjuYL#reimbursement-of-fees-and-expenses", "label": "Operating Expense Limitation Agreement (Saratoga Advantage Trust)", "score": 25.9158115387, "published": true}], "size": 47, "snippet": "The Fund shall reimburse the Manager any advisory fees waived or Fund expense payments paid by it pursuant to this Agreement, if in any year in which the Investment Management Agreement is still in effect, the estimated Operating Expenses of any share class of the Fund for the fiscal year are less than the corresponding Annual Limit for that year, subject to quarterly approval by the Trust's Board of Trustees. The total amount of reimbursement to which the Manager may be entitled (the \u201cReimbursement Amount\u201d) shall not exceed an amount that would cause a share class of the Fund to exceed its 1) corresponding Annual Limit in place at the time the advisory fees were waived or the expenses were incurred; or 2) corresponding Annual Limit currently in place, whichever is less. Subject to the foregoing, the Reimbursement Amount shall equal, at any time, the sum of all advisory fees previously waived or reduced by the Manager and all other payments remitted by the Manager to the Fund pursuant to this Agreement, within three (3) years of the end of the fiscal year in which such advisory fees were waived or reduced or other payments remitted, less any reimbursement previously paid by the Fund to the Manager with respect to such waivers, reductions, and payments. The Reimbursement Amount shall not include any additional charges or fees whatsoever, including, for example, interest accruable on the Reimbursement Amount.", "snippet_links": [{"key": "advisory-fees", "type": "definition", "offset": [41, 54]}, {"key": "expense-payments", "type": "definition", "offset": [70, 86]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [98, 124]}, {"key": "the-investment-management-agreement", "type": "clause", "offset": [150, 185]}, {"key": "in-effect", "type": "definition", "offset": [195, 204]}, {"key": "expenses-of", "type": "clause", "offset": [230, 241]}, {"key": "class-of", "type": "definition", "offset": [252, 260]}, {"key": "fiscal-year", "type": "definition", "offset": [278, 289]}, {"key": "annual-limit", "type": "clause", "offset": [322, 334]}, {"key": "by-the-trust", "type": "clause", "offset": [380, 392]}, {"key": "board-of-trustees", "type": "definition", "offset": [395, 412]}, {"key": "amount-of-reimbursement", "type": "clause", "offset": [424, 447]}, {"key": "manager-may", "type": "definition", "offset": [461, 472]}, {"key": "reimbursement-amount", "type": "definition", "offset": [491, 511]}, {"key": "a-share", "type": "definition", "offset": [558, 565]}, {"key": "in-place", "type": "definition", "offset": [628, 636]}, {"key": "at-the-time", "type": "clause", "offset": [637, 648]}, {"key": "the-advisory", "type": "clause", "offset": [649, 661]}, {"key": "currently-in", "type": "definition", "offset": [743, 755]}, {"key": "the-foregoing", "type": "clause", "offset": [793, 806]}, {"key": "at-any-time", "type": "clause", "offset": [846, 857]}, {"key": "sum-of", "type": "clause", "offset": [863, 869]}, {"key": "by-the-manager", "type": "clause", "offset": [917, 931]}, {"key": "other-payments", "type": "definition", "offset": [940, 954]}, {"key": "to-the-fund", "type": "definition", "offset": [979, 990]}, {"key": "by-the-fund", "type": "clause", "offset": [1190, 1201]}, {"key": "with-respect-to", "type": "clause", "offset": [1217, 1232]}, {"key": "and-payments", "type": "clause", "offset": [1259, 1271]}, {"key": "charges-or-fees", "type": "clause", "offset": [1331, 1346]}, {"key": "for-example", "type": "clause", "offset": [1370, 1381]}], "hash": "686ef647dd8d39f790a0deed46faaf84", "id": 8}], "next_curs": "CmsSZWoVc35sYXdpbnNpZGVyY29udHJhY3RzckcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IityZWltYnVyc2VtZW50LW9mLWZlZXMtYW5kLWV4cGVuc2VzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 2680, "title": "Reimbursement of Fees and Expenses", "parents": [["indemnification", "Indemnification"], ["notices", "Notices"], ["affirmative-covenants", "Affirmative Covenants"], ["governing-law", "Governing Law"], ["covenants", "Covenants"]], "children": [["", ""], ["limits", "Limits"], ["fraudulent-misrepresentation", "Fraudulent Misrepresentation"], ["relative-benefits", "Relative Benefits"], ["relative-fault", "Relative Fault"]], "id": "reimbursement-of-fees-and-expenses", "related": [["payment-of-fees-and-expenses", "Payment of Fees and Expenses", "Payment of Fees and Expenses"], ["reimbursement-of-fees-and-costs", "REIMBURSEMENT OF FEES AND COSTS", "REIMBURSEMENT OF FEES AND COSTS"], ["reimbursement-of-costs-and-expenses", "Reimbursement of Costs and Expenses", "Reimbursement of Costs and Expenses"], ["other-fees-and-expenses", "Other Fees and Expenses", "Other Fees and Expenses"], ["legal-fees-and-expenses", "Legal Fees and Expenses", "Legal Fees and Expenses"]], "related_snippets": [], "updated": "2026-07-31T05:51:54+00:00"}, "json": true, "cursor": ""}}