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

Applicable Reimbursement Level and Term of Reimbursement. For the period from July 31, 2018 through July 31, 2019, to the extent that the total annual ordinary fund operating expenses of Class T shares of any Fund exceeds the total annual ordinary fund operating expenses of the Class A shares of that Fund, IDI and/or WISC agrees to reimburse sufficient Rule 12b-1 fees and/or shareholder servicing fees to ensure that the total annual ordinary fund operating expenses (which would exclude interest, taxes, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses, if any) of such Class T shares do not exceed the total annual ordinary 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 July 315, 2018 2017 through July 31, 20192018, to the extent that the total annual ordinary fund operating expenses of Class T N shares of any Fund exceeds the total annual ordinary fund operating expenses of the Class A I shares of that Fund, IDI and/or WISC agrees to reimburse sufficient Rule 12b-1 fees and/or shareholder servicing fees to ensure that the total annual ordinary fund operating expenses (which would exclude interest, taxes, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses, if any) of such Class T N shares do not exceed the total annual ordinary fund operating expenses of the Class A I 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 July 31, 2018 through July 31, 2019, to the extent that the total annual ordinary fund operating expenses of Class T N shares of any Fund exceeds the total annual ordinary fund operating expenses of the Class A I shares of that Fund, IDI and/or WISC agrees to reimburse sufficient Rule 12b-1 fees and/or shareholder servicing fees to ensure that the total annual ordinary fund operating expenses (which would exclude interest, taxes, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses, if any) of such Class T N shares do not exceed the total annual ordinary fund operating expenses of the Class A I 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 July November 1, 2020 to October 31, 2018 through July 31, 20192021, to the extent that the total annual ordinary fund operating expenses of Class T N shares of any Fund exceeds the total annual ordinary fund operating expenses of the Class A I shares of that Fund, IDI and/or WISC agrees to reimburse sufficient Rule 12b-1 fees and/or shareholder servicing fees to ensure that the total annual ordinary fund operating expenses (which would exclude interest, taxes, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses, if any) of such Class T N shares do not exceed the total annual ordinary fund operating expenses of the Class A I 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 July May 1, 2021 to October 31, 2018 through July 31, 20192021, to the extent that the total annual ordinary fund operating expenses of Class T N shares of any Fund exceeds the total annual ordinary fund operating expenses of the Class A I shares of that Fund, IDI DDLP and/or WISC agrees to reimburse sufficient Rule 12b-1 fees and/or shareholder servicing fees to ensure that the total annual ordinary fund operating expenses (which would exclude interest, taxes, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses, if any) of such Class T N shares do not exceed the total annual ordinary fund operating expenses of the Class A I 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 July 315, 2018 2017 through July 31, 20192018, to the extent that the total annual ordinary fund operating expenses of Class T shares of any Fund exceeds the total annual ordinary fund operating expenses of the Class A shares of that Fund, IDI and/or WISC agrees to reimburse sufficient Rule 12b-1 fees and/or shareholder servicing fees to ensure that the total annual ordinary fund operating expenses (which would exclude interest, taxes, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses, if any) of such Class T shares do not exceed the total annual ordinary 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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