Common use of Compensation and Allocation of Expenses Clause in Contracts

Compensation and Allocation of Expenses. (a) Each Trust shall compensate the Administrator for its services rendered pursuant to this Agreement in accordance with the fees set forth in Schedule A hereto. Such fees do not include out-of-pocket disbursements of the Administrator, for which the Administrator shall be entitled to xxxx separately. Out-of-pocket disbursements shall include, but shall not be limited to, the items specified in Schedule A hereto. Fees shall be payable monthly in arrears on the first business day of each month. (b) The Administrator shall not be required to pay any Trust or Series expenses except those that it has agreed to pay in connection with performing the duties described herein or which it has agreed to pay in another written agreement between the parties hereto. (c) Upon any termination of this Agreement before the end of any month, the fee for such period shall be prorated according to the proportion that such period bears to the full month period. For purposes of determining fees payable to the Administrator, the value of the net assets of each Series shall be computed at the time and in the manner specified in the then-current prospectus and statement of additional information for the Series. (d) The Administrator will, from time to time, employ or associate itself with such person or persons as the Administrator may believe to be particularly suited to assist it in performing services under this Agreement. Such person or persons may be officers and employees who are employed by both the Administrator and a Trust. The compensation of such person or persons shall be paid by the Administrator, and no obligation shall be incurred on behalf of either Trust in such respect.

Compensation and Allocation of Expenses. (a) Each Trust shall compensate the Administrator for its services rendered pursuant to this Agreement in accordance with the fees set forth in Schedule A hereto. Such fees do not include out-of-pocket disbursements of the Administrator, for which the Administrator shall be entitled to xxxx separately. Out-of-pocket disbursements shall include, but shall not be limited to, the items specified in Schedule A hereto. Fees shall be payable monthly in arrears on the first business day of each month. (b) The Administrator shall not be required to pay any Trust or Series expenses except those that it has agreed to pay in connection with performing the duties described herein or which it has agreed to pay in another written agreement between the parties hereto. (c) Upon any termination of this Agreement before the end of any month, the fee for such period shall be prorated according to the proportion that such period bears to the full month period. For purposes of determining fees payable to the Administrator, the value of the net assets of each Series shall be computed at the time and in the manner specified in the then-then- current prospectus and statement of additional information for the Series. (d) The Administrator will, from time to time, employ or associate itself with such person or persons as the Administrator may believe to be particularly suited to assist it in performing services under this Agreement. Such person or persons may be officers and employees who are employed by both the Administrator and a Trust. The compensation of such person or persons shall be paid by the Administrator, and no obligation shall be incurred on behalf of either Trust in such respect.

Compensation and Allocation of Expenses. (a) Each The Trust shall compensate the Administrator for its services rendered pursuant to this Agreement in accordance with the fees set forth in Schedule A hereto. Such fees do not include out-of-pocket disbursements of the Administrator, for which the Administrator shall be entitled to xxxx separately. Out-of-of- pocket disbursements shall include, but shall not be limited to, the items specified in Schedule A hereto. Fees shall be payable monthly in arrears on the first business day of each month. (b) The Administrator shall not be required to pay any Trust or Trust/Series expenses except those that which it has agreed to pay in connection with performing the duties described herein or which it has agreed to pay in another written agreement between the parties hereto. (c) Upon any termination of this Agreement before the end of any month, the fee for such period shall be prorated according to the proportion that such period bears to the full month period. For purposes of determining fees payable to the Administrator, the value of the net assets of each Series shall be computed at the time and in the manner specified in the then-current prospectus and statement of additional information for the Series. (d) The Administrator will, from time to time, employ or associate itself with such person or persons as the Administrator may believe to be particularly suited to assist it in performing services under this Agreement. Such person or persons may be officers and employees who are employed by both the Administrator and a the Trust. The compensation of such person or persons shall be paid by the Administrator, and no obligation shall be incurred on behalf of either the Trust in such respect.

Compensation and Allocation of Expenses. (a) Each Trust The Company shall --------------------------------------- compensate the Administrator for its services rendered to each Series pursuant to this Agreement in accordance with the fees set forth in Schedule A B hereto. Such fees do not include out-of-pocket disbursements of the Administrator, for which the Administrator shall be entitled to xxxx bill and be reimbuxxxx separately. Out-of-pocket disbursements shall include, but shall not be limited to, the items specified in Schedule A B hereto. Fees shall be payable monthly in arrears on the first business day of each month. (b) The Administrator shall not be required to pay any Trust Company or Series expenses except those that it has agreed to pay in connection with performing the duties described herein or which it has agreed to pay in another written agreement between the parties hereto. (c) Upon any termination of this Agreement before the end of any month, the fee for such the period ending on the termination date shall be prorated according to the proportion that such period bears to the full month monthly period. For purposes of determining fees payable to the Administrator, the value of the net assets of each a Series shall be computed at the time and in the manner specified in the then-current prospectus Registration Statement and statement LLC Agreement of additional information for the SeriesCompany. (d) The Administrator will, from time shall not be required to time, employ or associate itself with such person or persons as the Administrator may believe to be particularly suited to assist it in performing pay for any services under this Agreement. Such person or persons may be officers and employees who are employed provided by both the Administrator and a Trust. The compensation of such person or persons shall be paid other parties directly retained by the Administrator, and no obligation shall be incurred on behalf of either Trust in such respectCompany or any Series.

Compensation and Allocation of Expenses. (a) Each Trust The Company shall compensate the Administrator for its services rendered to each Series pursuant to this Agreement in accordance with the fees set forth in Schedule A hereto. Such fees do not include out-of-pocket disbursements of the Administrator, for which the Administrator shall be entitled to xxxx bxxx and be reimbursed separately. Out-of-pocket disbursements shall include, but shall not be limited to, the items specified in Schedule A hereto. Fees shall be payable monthly in arrears on the first business day of each month. (b) The Administrator shall not be required to pay any Trust Company or Series expenses except those that it has agreed to pay in connection with performing the duties described herein or which it has agreed to pay in another written agreement between the parties hereto. (c) Upon any termination of this Agreement before the end of any month, the fee for such the period ending on the termination date shall be prorated according to the proportion that such period bears to the full month monthly period. For purposes of determining fees payable to the Administrator, the value of the net assets of each a Series shall be computed at the time and in the manner specified in the then-current prospectus private placement memorandum and statement LLC Agreement of additional information for the SeriesCompany. (d) The Administrator willshall not be required to pay for any services provided by other parties directly retained by the Company or any Series. (e) The Administrator may, from time to time, employ or associate itself with such person or persons as the Administrator may believe to be particularly suited to assist it in performing services under this Agreement. Such person or persons may be officers and employees who are employed by both the Administrator and the Company or a TrustSeries. The compensation of such person or persons shall be paid by the Administrator, and no obligation shall be incurred on behalf of either Trust the Company or a Series in such respect. The Administrator may apply a portion of its fee (the “Investor Servicing Fee”) toward the fees of any and all sub-administrators, sub-servicing agents, or other persons who provide sub-administrative or sub-investor services to the Company or a Series. The Investor Servicing Fee may also be used to pay certain brokers, transfer agents, and other financial intermediaries for providing services to Members. The Administrator also reserves the right to refund any and all of the Investor Servicing Fee to certain Members, to retain any and all of the Investor Servicing Fee, or to transfer any and all of the Investor Servicing Fee to any placement agent of the Company.