Common use of Conditional Reimbursement Clause in Contracts

Conditional Reimbursement. Any waiver or reimbursement by the Advisor pursuant to this Agreement shall be subject to repayment by the Fund on a quarterly basis within the three years following the date on which such expenses were paid or waived, if the Fund is able to make the repayment without exceeding its then-current expense limitation, if any, and the expense limitation that was in effect at the time when the Advisor waived or reimbursed the ordinary operating expenses that are the subject of the repayment. The amount repayable to the Advisor hereunder shall be determined as of the last day of each fiscal quarter for the Fund based on the annualized ordinary operating expenses for the Fund for that fiscal quarter (prior to recording any repayment pursuant to this Section 2 for that fiscal quarter). Any repayment due to the Advisor under this Section 2 shall be made within 30 days of the end of the Fund’s applicable fiscal quarter.

Conditional Reimbursement. Any waiver or reimbursement by the Advisor pursuant to this Expense Limitation Agreement shall be subject to repayment by the Fund on a quarterly basis within the three years following the date on which time such expenses were paid payment or waivedwaiver was made, if the Fund is able to make the repayment without exceeding its then-current expense limitation, if any, and the expense limitation that was in effect at the time when the Advisor waived or reimbursed the ordinary operating expenses that are the subject of the repayment. The amount repayable to the Advisor hereunder shall be determined as of the last day of each fiscal quarter for the Fund based on the annualized ordinary operating expenses for the Fund for that fiscal quarter (prior to recording any repayment pursuant to this Section 2 for that fiscal quarter). Any repayment due to the Advisor under this Section 2 shall be made within 30 days of the end of the Fund’s applicable fiscal quarter.

Conditional Reimbursement. Any waiver or reimbursement by the Advisor pursuant to this Expense Limitation Agreement shall be subject to repayment by the Fund on a quarterly basis within the three years following the date on fiscal quarter of the Fund in which such the expenses were paid or waivedabsorbed, if the Fund is able to make the repayment without exceeding its then-current expense limitation, if any, and the expense limitation that was in effect at the time when the Advisor waived or reimbursed the ordinary operating expenses that are the subject of the repayment. The amount repayable to the Advisor hereunder shall be determined as of the last day of each fiscal quarter for the Fund based on the annualized ordinary operating expenses for the Fund for that fiscal quarter (prior to recording any repayment reimbursement pursuant to this Section section 2 for that fiscal quarter). Any repayment due to the Advisor under this Section section 2 shall be made within 30 days of the end of the Fund’s applicable fiscal quarter.

Conditional Reimbursement. Any waiver or reimbursement by the Advisor pursuant to this Agreement shall be subject to repayment by the Fund on a quarterly basis within the three years following the date on which such expenses were paid or waived, if the Fund is able to make the repayment without exceeding its then-current expense limitation, if any, and the expense limitation that was in effect at the time when the Advisor waived or reimbursed the ordinary operating expenses that are the subject of the repayment. The amount repayable to the Advisor hereunder shall be determined as of the last day of each fiscal quarter for the Fund based on the annualized ordinary operating expenses for the Fund for that fiscal quarter (prior to recording any repayment reimbursement pursuant to this Section section 2 for that fiscal quarter). Any repayment due to the Advisor under this Section section 2 shall be made within 30 days of the end of the Fund’s applicable fiscal quarter.

Conditional Reimbursement. Any waiver or reimbursement by the Advisor pursuant to this Expense Limitation Agreement shall be subject to repayment by the Fund on a quarterly basis within the three years following the date on time in which such expenses were paid or waived, if the Fund is able to make the repayment without exceeding its then-current expense limitation, if any, and the expense limitation that was in effect at the time when the Advisor waived or reimbursed the ordinary operating expenses that are the subject of the repayment. The amount repayable to the Advisor hereunder shall be determined as of the last day of each fiscal quarter for the Fund based on the annualized ordinary operating expenses for the Fund for that fiscal quarter (prior to recording any repayment reimbursement pursuant to this Section section 2 for that fiscal quarter). Any repayment due to the Advisor under this Section section 2 shall be made within 30 days of the end of the Fund’s applicable fiscal quarter.