Common use of Limit on Operating Expenses Clause in Contracts

Limit on Operating Expenses. The Manager hereby agrees to limit the current Operating Expenses of each share class of the Fund to an annual rate, expressed as a percentage of the average annual net assets of such share class, listed in Appendix A (the “Annual Limits”). In the event that the current Operating Expenses of a share class of the Fund, as accrued each month, exceed its Annual Limit, the Manager will, on a monthly basis, either waive all or a portion of its advisory fee due from the Fund pursuant to the Investment Management Agreement or pay to the Fund an amount equal to the excess expense within 30 days of being notified that the Fund’s expenses exceed the Annual Limits.

Limit on Operating Expenses. The Manager hereby agrees to limit the current Operating Expenses of each share class of the each Fund to an annual rate, expressed as a percentage of the average annual net assets of such share class, listed in Appendix A (the each, an “Annual LimitsLimit”). In the event that the current Operating Expenses of a share class of the a Fund, as accrued each month, exceed its Annual Limit, the Manager will, on a monthly basis, either waive all or a portion of its advisory fee due from the Fund pursuant to the Investment Management Agreement or pay to the Fund an amount equal to the excess expense within 30 days of being notified that the Fund’s expenses exceed the Annual LimitsLimit.

Limit on Operating Expenses. The Manager hereby agrees to limit the current Operating Expenses of each share class Class S Shares of the Fund to an annual rate, expressed as a percentage of the average annual net assets of such share classClass S Shares, listed in Appendix A (the “Annual LimitsLimit”). In the event that the current Operating Expenses of a share class Class S Shares of the Fund, as accrued each month, exceed its Annual Limit, the Manager will, on a monthly basis, either waive all or a portion of its advisory fee due from the Fund pursuant to the Investment Management Agreement or pay to the Fund an amount equal to the excess expense within 30 days of being notified that the Fund’s expenses exceed the Annual LimitsLimit.

Limit on Operating Expenses. The Manager hereby agrees to limit the current Operating Expenses of each share class of the Fund to an annual rate, expressed as a percentage of the average annual net assets of such share class, listed in Appendix A (the “Annual Limits”). In the event that the current Operating Expenses of a share class of the Fund, as accrued each month, exceed its Annual Limit, the Manager will, on a monthly basis, either waive all or a portion of its advisory fee due from the Fund pursuant to the Investment Management Advisory Agreement or pay to the Fund an amount equal to the excess expense within 30 days of being notified that the Fund’s expenses exceed the Annual Limits.