EXPENSE PROVISION. Until this Agreement shall be amended or terminated pursuant to Section 2 or Section 5 hereof, the Manager agrees, with respect to the Retail Class, to pay or provide for the payment of any fee or expense allocated at the class level and attributable to the Retail Class, such that the ordinary operating expenses incurred by the Retail Class in any fiscal year (excluding interest, taxes, fees and expenses of the Independent Trustees of the Trust, and extraordinary expenses, as well as non-operating expenses such as brokerage commissions and fees and expenses associated with the Fund’s securities lending program, if applicable) will not exceed 50 basis points on an annual basis. For avoidance of doubt, it is understood that this Agreement shall not apply to any other class other than the Retail Class.
Appears in 6 contracts
Samples: Expense Contract (Fidelity Summer Street Trust), Expense Contract (Fidelity Summer Street Trust), Expense Contract (Fidelity Summer Street Trust)
EXPENSE PROVISION. Until this Agreement agreement shall be amended or terminated pursuant to Section 2 or Section 5 hereof, the Manager agrees, with respect to the Retail Class, to pay or provide for the payment of any fee or expense allocated at the class level and attributable to the Retail Class, such that the ordinary operating expenses incurred by the Retail Class in any fiscal year (excluding interest, taxes, fees and expenses of the Independent Trustees of the Trust, and extraordinary expenses, as well as non-operating expenses such as brokerage commissions and fees and expenses associated with the Fund’s securities lending program, if applicable) will not exceed 50 42 basis points on an annual basis. For avoidance of doubt, it is understood that this Agreement agreement shall not apply to any other class other than the Retail Class.
Appears in 3 contracts
Samples: Fidelity Newbury Street Trust, Fidelity Hereford Street Trust, Fidelity Hereford Street Trust
EXPENSE PROVISION. Until this Agreement agreement shall be amended or terminated pursuant to Section 2 or Section 5 hereof, the Manager agrees, with respect to the Retail Premium Class, to pay or provide for the payment of any fee or expense allocated at the class level and attributable to the Retail Premium Class, such that the ordinary operating expenses incurred by the Retail Premium Class in any fiscal year (excluding interest, taxes, fees and expenses of the Independent Trustees of the Trust, and extraordinary expenses, as well as non-operating expenses such as brokerage commissions and fees and expenses associated with the Fund’s securities lending program, if applicable) will not exceed 50 43 basis points on an annual basis. For avoidance of doubt, it is understood that this Agreement agreement shall not apply to any other class other than the Retail Premium Class.
Appears in 1 contract
Samples: Fidelity Newbury Street Trust
