Common use of Allocation of Costs and Expenses Clause in Contracts

Allocation of Costs and Expenses. The Company shall bear all costs and expenses for the administration of its business and shall reimburse the Administrator for any such costs and expenses which have been paid by the Administrator on behalf of the Company on the terms and conditions set forth in Section 5. These costs and expenses shall include, but not be limited to: (a) corporate, organizational and offering expenses relating to offerings of the Company’s common stock, subject to limitations included in the investment advisory agreement between the Company and VII Peaks-KBR BDC Advisor II, Inc.; (b) the cost of calculating the Company’s net asset value, including the related fees and cost of any third-party valuation services; (c) the cost of effecting sales and repurchases of shares of the Company’s common stock and other securities; (d) fees payable to third parties relating to, or associated with, monitoring the Company’s financial and legal affairs, making investments, and valuing investments, including fees and expenses associated with performing due diligence reviews of prospective investments; (e) federal and state registration fees and any stock exchange listing fees; (f) transfer agent and custodial fees; (g) fees and expenses associated with marketing efforts; (h) federal, state and local taxes; (i) independent directors’ fees and expenses, including travel expenses; (j) costs of director and stockholder meetings, proxy statements, stockholders’ reports and notices; (k) costs of fidelity bond, directors and officers/errors and omissions liability insurance and other types of insurance; (l) direct costs, including those relating to printing of stockholder reports and advertising or sales materials, mailing, long distance telephone and staff; (m) fees and expenses associated with independent audits and outside legal costs, including compliance with the Xxxxxxxx-Xxxxx Act of 2002, the 1940 Act and applicable federal and state securities laws; (n) brokerage commissions for the Company’s investments; (o) all other expenses incurred by the Company or the Administrator in connection with administering our business, including expenses incurred by the Administrator in performing its obligations; and (p) the reimbursement of the compensation of the Company’s chief financial officer and chief compliance officer, whose salaries are paid by the Administrator, to the extent that each such reimbursement amount is annually approved by the Company’s independent directors and subject to the limitations included in this Agreement. The Administrator acknowledges that it shall be responsible to ensure that (i) any reimbursement to the Company’s investment advisers and/or sub-advisers, or any other person for deferred Organization and Offering Expenses (as defined in the Articles of Incorporation), including any interest thereon, if any, shall not exceed the 18% limitation on Front End Fees (as defined in the Articles of Incorporation), regardless of the source of payment, and (ii) the percentage of gross proceeds of any offering committed to investment shall be at least eighty-two percent (82%). All items of compensation to underwriters or dealers, including, but not limited to, selling commissions, expenses, rights of first refusal, consulting fees, finders’ fees and all other items of compensation of any kind or description paid by the Company, directly or indirectly, shall be taken into consideration in computing the amount of allowable Front End Fees.

Allocation of Costs and Expenses. The Company Trust shall bear all costs and expenses for the administration of its business and shall reimburse the Administrator for any such costs and expenses which that have been paid by the Administrator on behalf of the Company Trust on the terms and conditions set forth in Section 5. These costs and expenses shall include, but not be limited to: (a) corporate, trust and organizational and offering expenses relating to borrowings and offerings of the CompanyTrust’s common stockshares and other securities and incurrences of indebtedness, subject to limitations included in the investment advisory agreement entered into between the Company Trust and VII PeaksNSAM J-KBR BDC Advisor II, Inc.CEF Ltd and this Agreement; (b) the cost of calculating the CompanyTrust’s net asset value, including the related fees and cost of any third-party valuation services; (c) the cost of effecting sales and repurchases of shares of the CompanyTrust’s common stock shares and other securities; (d) fees payable to third parties relating to, or associated with, making, monitoring the Company’s financial and legal affairs, making disposing of investments, and valuing investmentsinvestments and enforcing contractual rights, including fees and expenses associated with performing due diligence reviews of prospective investments; (e) interest payable on debt, if any, incurred to finance the Trust’s investments; (f) federal and state registration fees and any stock exchange listing or notification fees; (fg) transfer agent and custodial fees; (gh) fees and expenses associated with the Trust’s marketing efforts; (hi) federal, state and local taxes; (ij) independent directors’ fees and expenses, including travel expensesexpenses of Independent Trustees (as defined herein); (jk) costs of director and stockholder meetings, proxy statements, stockholderstender offer correspondence and shareholders’ reports and notices; (kl) costs of fidelity bond, directors trustees and officers/errors and omissions liability insurance and other types of insuranceinsurance premiums; (lm) direct costs, including those relating to printing of stockholder reports and advertising or sales materialsprinting, mailing, long distance telephone and staffstaff costs; (mn) fees and expenses associated with independent audits and outside legal costs, including compliance with the XxxxxxxxSaxxxxxx-Xxxxx Act Xct of 2002, the 1940 Act and applicable federal and state securities laws; (no) costs associated with the Trust’s reporting and compliance obligations under the 1940 Act and applicable federal and state securities laws; (p) brokerage commissions for the CompanyTrust’s investments; (oq) research and market data (including news and quotation equipment and services, and any computer hardware and connectivity hardware (e.g., telephone and fiber optic lines) incorporated into the cost of obtaining such research and market data); and (r) all other expenses incurred by the Company Trust or the Administrator in connection with administering our the Trust’s business, including expenses incurred by the Administrator in performing its obligations; and (p) obligations under this Agreement and the reimbursement of the allocable portion of the compensation of the CompanyTrust’s chief financial officer, chief compliance officer and chief compliance officer, whose salaries are paid by administrative support staff attributable to the AdministratorTrust, to the extent that each such reimbursement amount is annually approved by they are not a person with a controlling interest in the Company’s independent directors and Administrator or any of its affiliates, subject to the limitations included in this Agreement. The Administrator acknowledges that it shall be responsible to ensure that (i) any reimbursement to the Company’s investment advisers and/or sub-advisers, or any other person for deferred Organization and Offering Expenses (as defined in the Articles of Incorporation), including any interest thereon, if any, shall not exceed the 18% limitation on Front End Fees (as defined in the Articles of Incorporation), regardless of the source of payment, and (ii) the percentage of gross proceeds of any offering committed to investment shall be at least eighty-two percent (82%). All items of compensation to underwriters or dealers, including, but not limited to, selling commissions, expenses, rights of first refusal, consulting fees, finders’ fees and all other items of compensation of any kind or description paid by the Company, directly or indirectly, shall be taken into consideration in computing the amount of allowable Front End Feesapplicable.

Allocation of Costs and Expenses. The Company shall bear all costs and expenses for the administration of its business and shall reimburse the Administrator for any such costs and expenses which have been paid by the Administrator on behalf of the Company on the terms and conditions set forth in Section 5. These costs and expenses shall include, but not be limited to: (a) corporate, organizational and offering expenses relating to offerings of the Company’s common stock, subject to limitations included in the investment advisory agreement between the Company and VII Peaks-KBR BDC Advisor IIPeaks Capital, Inc.LLC; (b) the cost of calculating the Company’s net asset value, including the related fees and cost of any third-party valuation services; (c) the cost of effecting sales and repurchases of shares of the Company’s common stock and other securities; (d) fees payable to third parties relating to, or associated with, monitoring the Company’s financial and legal affairs, making investments, and valuing investments, including fees and expenses associated with performing due diligence reviews of prospective investments; (e) federal and state registration fees and any stock exchange listing fees; (f) transfer agent and custodial fees; (g) fees and expenses associated with marketing efforts; (h) federal, state and local taxes; (i) independent directors’ fees and expenses, including travel expenses; (j) costs of director and stockholder meetings, proxy statements, stockholders’ reports and notices; (k) costs of fidelity bond, directors and officers/errors and omissions liability insurance and other types of insurance; (l) direct costs, including those relating to printing of stockholder reports and advertising or sales materials, mailing, long distance telephone and staff; (m) fees and expenses associated with independent audits and outside legal costs, including compliance with the XxxxxxxxSxxxxxxx-Xxxxx Act of 2002, the 1940 Act and applicable federal and state securities laws; (n) brokerage commissions for the Company’s investments; (o) all other expenses incurred by the Company or the Administrator in connection with administering our business, including expenses incurred by the Administrator in performing its obligations; and (p) the reimbursement of the compensation of the Company’s chief financial officer and chief compliance officer, whose salaries are paid by the Administrator, to the extent that each such reimbursement amount is annually approved by the Company’s independent directors and subject to the limitations included in this Agreement. The Administrator acknowledges that it shall be responsible to ensure that (i) any reimbursement to the Company’s investment advisers and/or sub-advisers, or any other person for deferred Organization and Offering Expenses (as defined in the Articles of Incorporation), including any interest thereon, if any, shall not exceed the 18% limitation on Front End Fees (as defined in the Articles of Incorporation), regardless of the source of payment, and (ii) the percentage of gross proceeds of any offering committed to investment shall be at least eighty-two percent (82%). All items of compensation to underwriters or dealers, including, but not limited to, selling commissions, expenses, rights of first refusal, consulting fees, finders’ fees and all other items of compensation of any kind or description paid by the Company, directly or indirectly, shall be taken into consideration in computing the amount of allowable Front End Fees.

Allocation of Costs and Expenses. The Company shall bear all costs and expenses for the administration of its business and shall reimburse the Administrator for any such costs and expenses which that have been paid by the Administrator on behalf of the Company on the terms and conditions set forth in Section 5. These costs and expenses shall include, but not be limited to: (a) corporate, corporate and organizational and offering expenses relating to offerings of the Company’s common stock, subject to limitations included in the investment advisory agreement entered into between the Company and VII Peaks-KBR Xxxxxxx Capital BDC Advisor IIAdvisor, Inc.LLC, dated January 16, 2015; (b) the cost of calculating the Company’s net asset value, including the related fees and cost of any third-party valuation services; (c) the cost of effecting sales and repurchases of shares of the Company’s common stock and other securities; (d) fees payable to third parties relating to, or associated with, monitoring the Company’s financial and legal affairs, making investments, and valuing investments, including fees and expenses associated with performing due diligence reviews of prospective investments; (e) interest payable on debt, if any, incurred to finance the Company’s investments; (f) federal and state registration fees and any stock exchange listing fees; (fg) transfer agent and custodial fees; (gh) fees and expenses associated with marketing efforts; (hi) federal, state and local taxes; (ij) independent directors’ fees and expenses, including travel expenses; (jk) costs of director and stockholder meetings, proxy statements, stockholders’ reports and notices; (kl) costs of fidelity bond, directors and officers/errors and omissions liability insurance and other types of insuranceinsurance premiums; (lm) direct costs, including those relating to printing of stockholder reports and advertising or sales materialsprinting, mailing, long distance telephone and staff; (mn) fees and expenses associated with independent audits and outside legal costs, including compliance with the Xxxxxxxx-Xxxxx Act of 2002, the 1940 Act and applicable federal and state securities laws; (no) brokerage commissions for the Company’s investments; (op) all other expenses incurred by the Company or the Administrator in connection with administering our the Company’s business, including expenses incurred by the Administrator in performing its obligations; and (pq) the reimbursement of the compensation of the Company’s chief financial officer and chief compliance officer, whose salaries are paid by the Administrator, to the extent that each such reimbursement amount is annually approved by the Company’s independent directors and subject to the limitations included in this Agreement. The Administrator acknowledges that it shall be responsible to ensure that (i) any reimbursement to the Company’s investment advisers and/or sub-advisers, or any other person for deferred Organization and Offering Expenses (as defined in the Articles of Incorporation), including any interest thereon, if any, shall not exceed the 18% limitation on Front End Fees (as defined in the Articles of Incorporation), regardless of the source of payment, and (ii) the percentage of gross proceeds of any offering committed to investment shall be at least eighty-two percent (82%). All items of compensation to underwriters or dealers, including, but not limited to, selling commissions, expenses, rights of first refusal, consulting fees, finders’ fees and all other items of compensation of any kind or description paid by the Company, directly or indirectly, shall be taken into consideration in computing the amount of allowable Front End Fees.

Allocation of Costs and Expenses. The Company shall bear all costs and expenses for the administration of its business and shall reimburse the Administrator for any such costs and expenses which have been paid by the Administrator on behalf of the Company on the terms and conditions set forth in Section 5. These costs and expenses shall include, but not be limited to: (a) corporate, organizational and offering expenses relating to offerings of the Company’s common stockshares of beneficial interest, subject to the limitations included in Section 3 of the investment advisory agreement Investment Management Agreement entered into between the Company and VII Peaks-KBR BDC Advisor IISTRF Advisors LLC, Inc.dated [ ], 2016 (the “Management Agreement”); (b) the cost of calculating the Company’s net asset value, including the related fees and cost of any third-party valuation services; (c) the allocable costs of providing managerial assistance to those portfolio companies that require it; (d) the compensation and expenses of any employees of the Company and of any other persons rendering any services to the Company; (e) clerical and shareholder staff salaries; (f) fees, dues, and expenses incurred by the Company in connection with membership in investment company organizations; (g) fees and expenses associated with independent audits, accountants, and outside legal costs, including compliance with the Sxxxxxxx-Xxxxx Act of 2002, the 1940 Act and applicable federal and state securities laws; (h) insurance expenses; (i) travel expenses in monitoring financial and legal affairs for the Company and in monitoring the Company’s investments and enforcing the Company’s rights in respect of such investments; (j) fees and expenses of the custodian, transfer agent, dividend disbursing agent, shareholder service agent, plan agent, administrator, accounting and pricing services agent and underwriter of the Company; (k) direct costs and expenses of administration and operation, including printing, mailing, long distance telephone, copying, and secretarial costs; (l) all direct and indirect costs and expenses incurred by STRF Advisors LLC for office space rental, office equipment, utilities and other non-compensation related overhead allocable to performance of investment advisory services under the Management Agreement by STRF Advisors LLC, including the costs and expenses of due diligence of potential investments, monitoring performance of the Company’s investments, serving as directors/trustees and/or officers of portfolio companies, enforcing the Company’s rights in respect of its investments and disposing of investments; (m) the cost of effecting sales and repurchases of shares of the Company’s common stock shares of beneficial interest and other securities; (dn) fees payable to third parties parties, including agents, consultants or advisers, relating to, or associated with, monitoring the Company’s financial and legal affairs, making investments, and valuing investments, including fees and expenses associated with performing due diligence reviews of prospective investments, and disposing of investments; (eo) expenses of registering shares under federal and state securities law, including expenses incurred by the Company in connection with the organization and initial registration fees and any stock exchange listing feesof shares of the Company; (fp) transfer agent all costs of registration and custodial feeslisting the Company’s shares on any securities exchange; (gq) fees and expenses associated with marketing effortsexpenses, including clerical expenses, of issue, sale, redemption or repurchase of shares of the Company; (hr) federalthe cost of preparing and filing reports, state proxy statements or other notices, stock certificates, prospectuses, statements of additional information or other documents required by the SEC, including printing and local taxesmailing costs; (is) independent directorsexpenses of shareholders’ fees meetings and expenses, including travel expensesproxy solicitations; (jt) costs the Company’s allocable portion of director and stockholder meetings, proxy statements, stockholders’ reports and notices; (k) costs of the fidelity bond, directors trustees and officers/errors and omissions liability insurance and any other types of insuranceinsurance premiums; (lu) direct costsadvertising, including those relating promotion and other expenses incurred directly or indirectly in connection with the sale or distribution of the Company’s shares that the Company is authorized to printing of stockholder reports and advertising or sales materials, mailing, long distance telephone and staffpay pursuant to with any servicing plan; (mv) all brokerage fees and expenses associated with independent audits and outside legal costs, including compliance with the Xxxxxxxx-Xxxxx Act of 2002, the 1940 Act and applicable federal and state securities laws; (n) brokerage commissions for the Company’s investments; federal, state and local taxes; borrowing costs (such as (i) interest payable on debt, if any, incurred to finance the investment advisory and management fees payable under the Management Agreement and (ii) dividend expenses on securities sold short); (ow) fees and expenses of the non-interested person trustees and such extraordinary or nonrecurring expenses as may arise, including litigation to which the Company may be a party and indemnification of the Company’s trustees and officers with respect thereto; (x) all other expenses incurred by the Company or the Administrator in connection with administering our the Company’s business, including expenses incurred by the Administrator in performing its obligations, including, but not limited to, any payments made by the Administrator to any Sub-Administrator; and (py) the reimbursement of the compensation of the Company’s chief financial officer and chief compliance officerofficer and their respective staff, whose salaries are paid by the Administrator, to the extent that each such reimbursement amount is annually approved by the Company’s independent directors and subject to the limitations included in this Agreement. The Administrator acknowledges that it shall be responsible to ensure that (i) any reimbursement to the Company’s investment advisers and/or sub-advisers, or any other person for deferred Organization and Offering Expenses (as defined in the Articles of Incorporation), including any interest thereon, if any, shall not exceed the 18% limitation on Front End Fees (as defined in the Articles of Incorporation), regardless of the source of payment, and (ii) the percentage of gross proceeds of any offering committed to investment shall be at least eighty-two percent (82%). All items of compensation to underwriters or dealers, including, but not limited to, selling commissions, expenses, rights of first refusal, consulting fees, finders’ fees and all other items of compensation of any kind or description paid by the Company, directly or indirectly, shall be taken into consideration in computing the amount of allowable Front End Fees.

Allocation of Costs and Expenses. The Company shall bear all costs and expenses for the administration of its business and shall reimburse the Administrator for any such costs and expenses which that have been paid by the Administrator on behalf of the Company on the terms and conditions set forth in Section 5. These costs and expenses shall include, but not be limited to: (a) corporate, corporate and organizational and offering expenses relating to offerings of the Company’s common stock, subject to limitations included in the investment advisory agreement entered into between the Company and VII Peaks-KBR Xxxxxxx Capital BDC Advisor IIAdvisor, Inc.LLC, dated __________, 2014; (b) the cost of calculating the Company’s net asset value, including the related fees and cost of any third-party valuation services; (c) the cost of effecting sales and repurchases of shares of the Company’s common stock and other securities; (d) fees payable to third parties relating to, or associated with, monitoring the Company’s financial and legal affairs, making investments, and valuing investments, including fees and expenses associated with performing due diligence reviews of prospective investments; (e) interest payable on debt, if any, incurred to finance the Company’s investments; (f) federal and state registration fees and any stock exchange listing fees; (fg) transfer agent and custodial fees; (gh) fees and expenses associated with marketing efforts; (hi) federal, state and local taxes; (ij) independent directors’ fees and expenses, including travel expenses; (jk) costs of director and stockholder meetings, proxy statements, stockholders’ reports and notices; (kl) costs of fidelity bond, directors and officers/errors and omissions liability insurance and other types of insuranceinsurance premiums; (lm) direct costs, including those relating to printing of stockholder reports and advertising or sales materialsprinting, mailing, long distance telephone and staff; (mn) fees and expenses associated with independent audits and outside legal costs, including compliance with the Xxxxxxxx-Xxxxx Act of 2002, the 1940 Act and applicable federal and state securities laws; (no) brokerage commissions for the Company’s investments; (op) all other expenses incurred by the Company or the Administrator in connection with administering our the Company’s business, including expenses incurred by the Administrator in performing its obligations; and (pq) the reimbursement of the compensation of the Company’s chief financial officer and chief compliance officer, whose salaries are paid by the Administrator, to the extent that each such reimbursement amount is annually approved by the Company’s independent directors and subject to the limitations included in this Agreement. The Administrator acknowledges that it shall be responsible to ensure that (i) any reimbursement to the Company’s investment advisers and/or sub-advisers, or any other person for deferred Organization and Offering Expenses (as defined in the Articles of Incorporation), including any interest thereon, if any, shall not exceed the 18% limitation on Front End Fees (as defined in the Articles of Incorporation), regardless of the source of payment, and (ii) the percentage of gross proceeds of any offering committed to investment shall be at least eighty-two percent (82%). All items of compensation to underwriters or dealers, including, but not limited to, selling commissions, expenses, rights of first refusal, consulting fees, finders’ fees and all other items of compensation of any kind or description paid by the Company, directly or indirectly, shall be taken into consideration in computing the amount of allowable Front End Fees.

Allocation of Costs and Expenses. The Company shall bear all costs and expenses for the administration of its business and shall reimburse the Administrator for any such costs and expenses which have been paid by the Administrator on behalf of the Company on the terms and conditions set forth in Section 5. These costs and expenses shall include, but not be limited to: (a) corporate, organizational and offering expenses relating to offerings of the Company’s 's common stock, subject to limitations included in the investment advisory agreement between the Company and VII Peaks-KBR BDC Advisor IIPeaks Capital, Inc.LLC; (b) the cost of calculating the Company’s 's net asset value, including the related fees and cost of any third-party valuation services; (c) the cost of effecting sales and repurchases of shares of the Company’s 's common stock and other securities; (d) fees payable to third parties relating to, or associated with, monitoring the Company’s 's financial and legal affairs, making investments, and valuing investments, including fees and expenses associated with performing due diligence reviews of prospective investments; (e) federal and state registration fees and any stock exchange listing fees; (f) transfer agent and custodial fees; (g) fees and expenses associated with marketing efforts; (h) federal, state and local taxes; (i) independent directors’ ' fees and expenses, including travel expenses; (j) costs of director and stockholder meetings, proxy statements, stockholders’ ' reports and notices; (k) costs of fidelity bond, directors and officers/errors and omissions liability insurance and other types of insurance; (lI) direct costs, including those relating to printing of stockholder reports and advertising or sales materials, mailing, long distance telephone and staff; (m) fees and expenses associated with independent audits and outside legal costs, including compliance with the Xxxxxxxx-Xxxxx Act of 2002, the 1940 Act and applicable federal and state securities laws; (n) brokerage commissions for the Company’s 's investments; (o) all other expenses incurred by the Company or the Administrator in connection with administering our business, including expenses incurred by the Administrator in performing its obligations; and (p) the reimbursement of the compensation of the Company’s chief financial officer and chief compliance officer, whose salaries are paid by the Administrator, to the extent that each such reimbursement amount is annually approved by the Company’s independent directors and subject to the limitations included in this Agreement. The Administrator acknowledges that it shall be responsible to ensure that (i) any reimbursement to the Company’s investment advisers and/or sub-advisers, or any other person for deferred Organization and Offering Expenses (as defined in the Articles of Incorporation), including any interest thereon, if any, shall not exceed the 18% limitation on Front End Fees (as defined in the Articles of Incorporation), regardless of the source of payment, and (ii) the percentage of gross proceeds of any offering committed to investment shall be at least eighty-two percent (82%). All items of compensation to underwriters or dealers, including, but not limited to, selling commissions, expenses, rights of first refusal, consulting fees, finders’ fees and all other items of compensation of any kind or description paid by the Company, directly or indirectly, shall be taken into consideration in computing the amount of allowable Front End Fees.

Allocation of Costs and Expenses. In full consideration of the provision of the services of the Administrator, the Corporation shall reimburse the Administrator for the costs and expenses incurred by the Administrator in performing its obligations and providing personnel and facilities hereunder. The Company Administrator shall not be entitled to any additional compensation hereunder. The Corporation will bear all costs and expenses for that are incurred in its operation and transactions and not specifically assumed by the administration Corporation’s investment adviser (the “Adviser”), pursuant to that certain Investment Advisory Agreement, dated as of its business September 9, 2010 by and shall reimburse between the Administrator for any such costs Corporation and the Adviser. Costs and expenses which have been paid to be borne by the Administrator on behalf of the Company on the terms and conditions set forth in Section 5. These costs and expenses shall Corporation include, but are not be limited to: (a) corporate, organizational those relating to: organization and offering expenses relating to offerings of the Company’s common stock, subject to limitations included in the investment advisory agreement between the Company and VII Peaks-KBR BDC Advisor II, Inc.; (b) the cost of offering; calculating the CompanyCorporation’s net asset value, including the related fees and cost of any third-party valuation services; (c) the cost of ; effecting sales and repurchases of shares of the CompanyCorporation’s common stock and other securities; (d) ; investment advisory fees; fees and all other expenses payable to third parties relating to, or associated with, with (i) making and/or investigating possible investments and (ii) monitoring and/or protecting the CompanyCorporation’s financial and legal affairs, making interests in existing investments, and valuing investments, including fees and expenses associated with performing due diligence reviews of prospective investments; (e) federal and state registration fees and any stock exchange listing fees; (f) ; transfer agent and custodial fees; (g) fees ; federal and expenses associated with marketing efforts; (h) state registration fees; all costs of registration and listing the Corporation’s shares on any securities exchange; federal, state and local taxes; (i) ; independent directorsDirectors’ fees and expenses, including travel expenses; (j) ; costs of director and stockholder meetings, proxy statements, stockholders’ reports and notices; (k) costs of ; fidelity bond, directors and officers/errors and omissions liability insurance, and any other insurance and other types of insurance; (l) premiums; direct costs, including those relating to printing of stockholder reports and advertising or sales materialscosts such as printing, mailing, long distance telephone and telephone, staff; (m) fees and expenses associated with , independent audits auditors and outside legal costs, including compliance ; travel-related and other expenses for executive and administrative staff in connection with the Xxxxxxxx-Xxxxx Act of 2002, the 1940 Act and applicable federal and state securities laws; (n) brokerage commissions activities for the Company’s investments; (o) benefit of the Corporation; expenses for branding, marketing and advertising the Corporation; office equipment and supplies and all other expenses incurred by the Company Corporation or the Administrator in connection with administering our the Corporation’s business, including expenses incurred by payments under this Agreement between the Corporation and the Administrator based upon the Corporation’s allocable portion of the Administrator’s overhead in performing its obligations; and (p) the reimbursement of the compensation of the Company’s chief financial officer and chief compliance officer, whose salaries are paid by the Administrator, to the extent that each such reimbursement amount is annually approved by the Company’s independent directors and subject to the limitations included in obligations under this Agreement. The Administrator acknowledges that it shall be responsible to ensure that (i) any reimbursement to the Company’s investment advisers and/or sub-advisers, or any other person for deferred Organization and Offering Expenses (as defined in the Articles of Incorporation), including any interest thereon, if any, shall not exceed the 18% limitation on Front End Fees (as defined in the Articles of Incorporation), regardless of the source of payment, and (ii) the percentage of gross proceeds of any offering committed to investment shall be at least eighty-two percent (82%). All items of compensation to underwriters or dealers, including, but not limited to, selling commissions, expenses, rights of first refusal, consulting fees, finders’ fees and all other items of compensation of any kind or description paid by the Company, directly or indirectly, shall be taken into consideration in computing the amount of allowable Front End Feesrent.