Expenses and Limitations Thereon. (a) The Sponsor or an Affiliate of the Sponsor shall be responsible for the payment of all Sponsor Expenses incurred in connection with the Trust or any Fund and the initial issuance of the Units of any Fund.
Expenses and Limitations Thereon. (a) The Trust shall be responsible for the payment of all Organization and Offering Expenses incurred in connection with the creation of the Trust and the sale and distribution of Shares.
Expenses and Limitations Thereon. (a) The Managing Owner or an Affiliate of the Managing Owner shall be responsible for the payment of all Organization and Offering Expenses incurred in the creation of the Trust and each Series thereof and sale of Interests. Organization and Offering Expenses shall mean those expenses incurred in connection with the formation, qualification and registration of the Trust and the Interests and in offering, distributing and processing the Interests under applicable federal and state law, and any other expenses actually incurred and, directly or indirectly, related to the organization of the Trust or the initial and continuous offering of the Interests, including, but not limited to, expenses such as: (i) initial and ongoing registration fees, filing fees, escrow fees and taxes, (ii) costs of preparing, printing (including typesetting), amending, supplementing, mailing and distributing the Registration Statement, the Exhibits thereto and the Prospectus during the Initial and Continuous Offering Periods, (iii) the costs of qualifying, printing, (including typesetting), amending, supplementing, mailing and distributing sales materials used in connection with the offering and issuance of the Interests during the Initial and Continuous Offering Periods, (iv) travel, telegraph, telephone and other expenses in connection with the offering and issuance of the Interests during the Initial and Continuous Offering Periods, (v) accounting, auditing and legal fees (including disbursements related thereto) incurred in connection therewith, and (vi) any extraordinary expenses (including, but not limited to, legal claims and liabilities and litigation costs and any permitted indemnification associated therewith) related thereto.
Expenses and Limitations Thereon. 19 SECTION 6.9 Voluntary Withdrawal of the Sponsor. 20 SECTION 6.10 Litigation. 20 SECTION 6.11 Bankruptcy; Merger of the Sponsor. 20
Expenses and Limitations Thereon. The cost of (i) organizing the Trust and (ii) the initial sale of the Shares shall be borne by the Sponsor, provided, however, that the liability of the Sponsor under this Section 4.10 shall not include any fees or other expenses incurred in connection with the administration of the Trust subsequent to the commencement of trading of Shares on the Exchange.
Expenses and Limitations Thereon. (a) (i) The Managing Owner or an Affiliate of the Managing Owner shall be responsible for the payment of all Organization and Offering Expenses incurred in connection with the creation of the Trust and sale of Units during or prior to the Initial Offering Period and the Continuous Offering Period.
Expenses and Limitations Thereon. Section 5.9 Compensation to the Sponsor
Expenses and Limitations Thereon. The initial fees and expenses of the Trust and each Fund shall be as provided in this Trust Agreement, subject to any changes in the applicable Prospectus, as such Prospectus may be amended or supplemented from time to time. Any such changes to the fees and expenses of the Trust and each Fund as disclosed in the Prospectus shall not require an amendment to this Trust Agreement.
Expenses and Limitations Thereon
