Common use of Applicable Reimbursement Level and Term of Reimbursement Clause in Contracts

Applicable Reimbursement Level and Term of Reimbursement. For the period from August 1, 2012 through July 31, 2013, to the extent that the total fund operating expenses of the Class Y shares of any Fund exceeds the total fund operating expenses of the Class A shares of that Fund, IFDI and/or WRSCO agrees to reimburse sufficient 12b-1 and/or shareholder servicing fees to ensure that the total annual fund operating expenses of such Class Y shares do not exceed the total annual fund operating expenses of the Class A shares of that Fund, as calculated at the end of each month (the “Reimbursement Amount”).

Appears in 1 contract

Samples: Expense Reimbursement Agreement (Ivy Funds)

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Applicable Reimbursement Level and Term of Reimbursement. For the period from August October 1, 2012 2014 through July 31, 20132016, to the extent that the total fund annual ordinary operating expenses of the Class Y shares of any Fund exceeds the total fund annual ordinary operating expenses of the Class A shares of that Fund, IFDI and/or WRSCO WISC agrees to reimburse sufficient 12b-1 and/or shareholder servicing fees to ensure that the total annual fund ordinary operating expenses of such Class Y shares do not exceed the total annual fund ordinary operating expenses of the Class A shares of that Fund, as calculated at the end of each month (the “Reimbursement Amount”).

Appears in 1 contract

Samples: Expense Reimbursement Agreement (Ivy Funds)

Applicable Reimbursement Level and Term of Reimbursement. For the period from August 1March 6, 2012 2013 through July 31, 20132014, to the extent that the total fund annual ordinary operating expenses of the Class Y shares of any Fund exceeds the total fund annual ordinary operating expenses of the Class A shares of that Fund, IFDI and/or WRSCO WISC agrees to reimburse sufficient 12b-1 and/or shareholder servicing fees to ensure that the total annual fund ordinary operating expenses of such Class Y shares do not exceed the total annual fund ordinary operating expenses of the Class A shares of that Fund, as calculated at the end of each month (the “Reimbursement Amount”).

Appears in 1 contract

Samples: Expense Reimbursement Agreement (Ivy Funds)

Applicable Reimbursement Level and Term of Reimbursement. For the period from August 1February 11, 2012 2014 through July 31, 20132015, to the extent that the total fund annual ordinary operating expenses of the Class Y shares of any Fund exceeds the total fund annual ordinary operating expenses of the Class A shares of that Fund, IFDI and/or WRSCO WISC agrees to reimburse sufficient 12b-1 and/or shareholder servicing fees to ensure that the total annual fund ordinary operating expenses of such Class Y shares do not exceed the total annual fund ordinary operating expenses of the Class A shares of that Fund, as calculated at the end of each month (the “Reimbursement Amount”).

Appears in 1 contract

Samples: Expense Reimbursement Agreement (Ivy Funds)

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Applicable Reimbursement Level and Term of Reimbursement. For the period from August 1, 2012 2011 through July 31, 20132012, to the extent that the total fund operating expenses of the Class Y shares of any Fund exceeds the total fund operating expenses of the Class A shares of that Fund, IFDI and/or WRSCO agrees to reimburse sufficient 12b-1 and/or shareholder servicing fees to ensure that the total annual fund operating expenses of such Class Y shares do not exceed the total annual fund operating expenses of the Class A shares of that Fund, as calculated at the end of each month (the “Reimbursement Amount”).

Appears in 1 contract

Samples: Expense Reimbursement Agreement (Ivy Funds)

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