Common use of Calculation and Payment of Expenses Clause in Contracts

Calculation and Payment of Expenses. 1. Based upon information provided by one of the Fund’s Authorized Persons to Mellon, calculate asset-based fees and submit to the Fund Treasurer/Principal Financial Officer for approval, and instruct the custodian to wire fee payments to the service providers. 2. Accrue expense waivers based on Instructions and provide reporting of accruals of expense waivers. 3. Accrue and allocate fee payments to directors/trustees and other officers of the Fund paid directly by the Fund according to Instructions and on a monthly basis forward cash to the Fund’s Authorized Persons in the amount necessary to make such payments to the directors/trustees and other officers of the Fund. 4. Prepare expense reports, liabilities analysis and budgets for each Portfolio of the Fund for review and approval by the Fund Treasurer/Principal Financial Officer, including maintaining detailed records pertaining to expense accruals and payments, adjusting reports to reflect accrual adjustments, and monitoring all Fund expenses. 5. Forward any invoices payable by the Fund to the Fund’s Authorized Persons for review and approval. Effective as of October 1, 2008, pay any invoices approved by the Fund’s Authorized Person for payment on behalf of the Fund. (Prior to October 1, 2008, Delaware Service Company, Inc. will pay such invoices.) Allocate such invoices among the Portfolios in accordance with pre-established instructions from the Fund’s Authorized Persons. Record the payment of invoices on the Fund’s books. 6. Provide to the Fund a monthly summary of disbursements.

Calculation and Payment of Expenses. 1. Based upon information provided by one of the Fund’s Authorized Persons to MellonBNYM, calculate asset-based fees and submit to the Fund Treasurer/Principal Financial Officer for approval, and instruct the custodian to wire fee payments to the service providers. 2. Accrue expense waivers based on Instructions and provide reporting of accruals of expense waivers. 3. Accrue and allocate fee payments to directors/trustees and other officers of the Fund paid directly by the Fund according to Instructions and on a monthly basis forward cash to the Fund’s Authorized Persons in the amount necessary to make such payments to the directors/trustees and other officers of the Fund. 4. Prepare expense reports, liabilities analysis and budgets for each Portfolio of the Fund for review and approval by the Fund Treasurer/Principal Financial Officer, including maintaining detailed records pertaining to expense accruals and payments, adjusting reports to reflect accrual adjustments, and monitoring all Fund expenses. 5. Forward any invoices payable by the Fund to the Fund’s Authorized Persons for review and approval. Effective as of October 1, 2008, pay Pay any invoices approved by the Fund’s Authorized Person for payment on behalf of the Fund. (Prior to October 1, 2008, Delaware Service Company, Inc. will pay such invoices.) Allocate such invoices among the Portfolios in accordance with pre-established instructions from the Fund’s Authorized Persons. Record the payment of invoices on the Fund’s books. 6. Provide to the Fund a monthly summary of disbursements.

Calculation and Payment of Expenses. 1. Based upon information provided by one of the Fund’s Authorized Persons to MellonBNYM, calculate asset-based fees and submit to the Fund Treasurer/Principal Financial Officer for approval, and instruct the custodian to wire fee payments to the service providers. 2. Accrue expense waivers based on Instructions and provide reporting of accruals of expense waivers. 3. Accrue and allocate fee payments to directors/trustees and other officers of the Fund paid directly by the Fund according to Instructions and on a monthly basis forward cash to the Fund’s Authorized Persons in the amount necessary to make such payments to the directors/trustees and other officers of the Fund. 4. Prepare expense reports, liabilities analysis and budgets for each Portfolio of the Fund for review and approval by the Fund Treasurer/Principal Financial Officer, including maintaining detailed records pertaining to expense accruals 14 and payments, adjusting reports to reflect accrual adjustments, and monitoring all Fund expenses. 5. Forward any invoices payable by the Fund to the Fund’s Authorized Persons for review and approval. Effective as of October 1, 2008, pay Pay any invoices approved by the Fund’s Authorized Person for payment on behalf of the Fund. (Prior to October 1, 2008, Delaware Service Company, Inc. will pay such invoices.) Allocate such invoices among the Portfolios in accordance with pre-established instructions from the Fund’s Authorized Persons. Record the payment of invoices on the Fund’s books. 6. Provide to the Fund a monthly summary of disbursements.