Examples of Operating Expense in a sentence
If subsequent recoupment of Prior Expenses shall be resumed to the extent that Operating Expenses do not exceed the Operating Expense Limit, the Operating Expense Limit in Section 1.1 shall (unless previously terminated in accordance with the terms hereof) apply.
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 actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.
If Operating Expenses of a Fund subsequently exceed the Operating Expense Limit applicable to such class of such Fund, the recoupment of Prior Expenses shall be suspended.
Xxxxx President and Chief Executive Officer [Signature Page to Expense Limitation Agreement] Schedule A Operating Expense Limits Fund Date that Operating Expense Limit Began Date that Operating Expense Limit Ended Value Line Larger Companies Focused Fund, Inc.
If the annualized Operating Expenses attributable to the Institutional Class for any month exceed the Operating Expense Limit applicable to such Fund, the Adviser shall remit to the Institutional Class of shares of such Fund or pay directly to the appropriate third party an amount sufficient to reduce the annualized Operating Expenses of the Institutional Class to an amount no higher than the Operating Expense Limit for such class.