Common use of Year-End Adjustment Clause in Contracts

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services fees waived or reduced and other payments remitted by Voyageur to each Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services advisory and management fees waived or reduced and other payments remitted by Voyageur the Manager to each the Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the advisory fees, administrative services fees and shareholder services fees waived or reduced and other payments remitted by Voyageur ETAM to each Fund or class Funds or Class or Classes with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services investment management fees waived or reduced and other payments remitted by Voyageur the Investment Manager to each the Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services investment sub-advisory fees waived or reduced and other payments remitted by Voyageur the Sub-advisor to each Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services subadvisory fees waived or reduced and other payments remitted by Voyageur the Subadviser to each the Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services fees waived or reduced and other payments remitted by Voyageur the Adviser to each the Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services fees waived or reduced and other payments remitted by Voyageur ▇▇▇▇▇ & ▇▇▇▇▇▇, Inc. to each the respective Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services fees waived or reduced and other payments remitted by Voyageur to each the Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services fees waived or reduced and other payments remitted by Voyageur the Advisor to each the share class of a Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services investment sub-advisory fees waived or reduced and other payments remitted by Voyageur the Sub-advisor to each the Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services Advisory Fees and Rule 12b-1 fees waived or reduced and other payments remitted by Voyageur the Adviser to each the Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services management fees waived or reduced and other payments remitted by Voyageur the Advisor to each the Fund or class Funds with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services investment management fees and administration fees waived or reduced by the Manager or the Administrator and other payments remitted by Voyageur the Manager to each the Fund or class Funds with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services investment management fees and administration fees waived or reduced by the Manager or the Administrator and other payments remitted by Voyageur the Manager to each the Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services advisory fees waived or reduced and other payments remitted by Voyageur Advisor to each the Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services fees waived or reduced and other payments remitted by Voyageur the Adviser to each the Fund or class Funds with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services fees waived or reduced and other payments remitted by Voyageur the Adviser to each the share class of a Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services investment sub-advisory fees waived or reduced reduced, and other payments remitted by Voyageur the Sub-advisor to each Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services fees waived or reduced and other payments remitted by Voyageur to each the Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the -------------------- first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services advisory fees waived or reduced and other payments remitted by Voyageur VSA to each a Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services investment management fees waived or reduced and other payments remitted by Voyageur the Adviser to each the Fund or class with respect to the previous fiscal year shall equal the Excess Amount.

Year-End Adjustment. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the administrative services investment sub-advisory fees waived or reduced and other payments remitted by Voyageur to each Fund or class the Sub-Adviser with respect to the previous fiscal year for the MENV Fund shall equal the Excess Amount.