Year-End Adjustment. If necessary, on or before the last Fund business day (as defined in the Fund’s current prospectus) 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 investment advisory fees waived or reduced and other payments remitted by the Adviser to a Class with respect to the previous fiscal year shall equal the Excess Amount.
Appears in 17 contracts
Samples: Expense Limitation Agreement (Cross Shore Discovery Fund), Expense Limitation Agreement (ABS Global Equity Long/Short RIC), Expense Limitation Agreement (ABS Long/Short Strategies Fund)
Year-End Adjustment. If necessary, on or before the last Fund business day (as defined in the Fund’s current prospectus) of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount actual Class Operating Expenses of the investment advisory fees waived or reduced and other payments remitted by the Adviser to a Class for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the previous fiscal year shall equal the Excess AmountOperating Expense Limit of that Class.
Appears in 16 contracts
Samples: Expense Limitation Agreement (Cross Shore Discovery Fund), Expense Limitation Agreement (ABS Long/Short Strategies Fund), Expense Limitation Agreement (Cross Shore Discovery Fund)
Year-End Adjustment. If necessary, on or before the last Fund business day (as defined in the Fund’s current confidential private placement memorandum or prospectus, as applicable) of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount actual Class Operating Expenses of the investment advisory fees waived or reduced and other payments remitted by the Adviser to a Class for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the previous fiscal year shall equal the Excess AmountOperating Expense Limit of that Class.
Appears in 1 contract
Samples: Expense Limitation Agreement (Forum CRE Income Fund)
Year-End Adjustment. If necessary, on or before the last Fund business day (as defined in the Fund’s current prospectus) 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 investment advisory management fees waived or reduced and other payments remitted by the Adviser Manager to a Class the Portfolio or Portfolios with respect to the previous fiscal year shall equal the Excess Amount.
Appears in 1 contract
Samples: Expense Limitation Agreement (Met Investors Series Trust)
