Common use of Distribution Expenses Clause in Contracts

Distribution Expenses. Except as may be provided in distribution expense plans as contemplated by Rule 12b-1 under the 1940 Act, the Advisor shall bear all sales, promotions or distribution expenses in connection with the distribution of shares of any Fund and shall be the sole judge of the extent to which sales or promotion expenses shall be incurred; provided however, that the Advisor shall not be obligated to pay for any portion of the cost of prospectuses or periodic reports provided to shareholders. Expenses incurred in complying with laws regulating the issue or sale of securities shall not be deemed to be sales, promotion or distribution expenses.

Distribution Expenses. Except as may be provided in distribution expense plans as contemplated by Rule 12b-1 under the 1940 Act, the Advisor Adviser shall bear all sales, promotions or distribution expenses in connection with the distribution of shares of any Fund and shall be the sole judge of the extent to which sales or promotion expenses shall be incurred; provided provided, however, that the Advisor Adviser shall not be obligated to pay for any portion of the cost of prospectuses or periodic reports provided to shareholders. Expenses incurred in complying with laws regulating the issue or sale of securities shall not be deemed to be sales, promotion or distribution expenses.

Distribution Expenses. Except as may be provided in any underwriting agreements or distribution expense plans as contemplated by Rule 12b-1 under the 1940 Act, the Advisor shall bear all sales, promotions or distribution expenses in connection with the distribution of shares of any Fund and shall be the sole judge of the extent to which sales or promotion expenses shall be incurred; provided however, that the Advisor shall not be obligated to pay for any portion of the cost of prospectuses or periodic reports provided to shareholders. Expenses incurred in complying with laws regulating the issue or sale of securities shall not be deemed to be sales, promotion or distribution expenses.

Distribution Expenses. Except as may be provided in distribution expense plans as contemplated by Rule 12b-1 under the 1940 Act, the Advisor Adviser shall bear all sales, promotions promotion or distribution expenses in connection with the distribution of shares of any Fund and shall be the sole judge of the extent to which sales or promotion expenses shall be incurred; provided however, that the Advisor Adviser shall not be obligated to pay for any portion of the cost of prospectuses or periodic reports provided to shareholders. Expenses incurred in complying with laws regulating the issue or sale of securities shall not be deemed to be sales, promotion or distribution expenses.

Distribution Expenses. Except as may be provided in distribution expense plans as contemplated by Rule 12b-1 under the 1940 Act, the Advisor Adviser shall bear all sales, promotions or distribution expenses in connection with the distribution of shares of any Fund and shall be the sole judge of the extent to which sales or promotion expenses shall be incurred; provided however, that the Advisor Adviser shall not be obligated to pay for any portion of the cost of prospectuses or periodic reports provided to shareholders. Expenses incurred in complying with laws regulating the issue or sale of securities shall not be deemed to be sales, promotion or distribution expenses.