Common use of Dealer Manager Expenses Clause in Contracts

Dealer Manager Expenses. In addition to payment of the Fund expenses as provided under Section 3.1, the Fund shall reimburse the Dealer Manager as provided in the Prospectus for certain costs and expenses incident to the Offering, to the extent permitted pursuant to prevailing rules and regulations of FINRA, including expenses, fees and taxes incurred in connection with: (a) customary travel, lodging, meals and reasonable entertainment expenses incurred in connection with the Offering; (b) attendance at broker-dealer sponsored conferences, educational conferences sponsored by the Fund, industry sponsored conferences and informational seminars; (c) due diligence expenses; and (d) customary promotional items; provided, however, that, no costs and expenses shall be reimbursed by the Fund pursuant to this Section 3.2 which would cause the total underwriting compensation paid in connection with the Offering to exceed 8% of the gross proceeds from the sale of Shares.

Dealer Manager Expenses. In addition to payment of the Fund Trust expenses as provided under Section 3.1, the Fund Trust shall reimburse the Dealer Manager as provided in the Prospectus for certain costs and expenses incident to the Offering, to the extent permitted pursuant to prevailing rules and regulations of FINRA, including expenses, fees and taxes incurred in connection with: (a) customary travel, lodging, meals and reasonable entertainment expenses incurred in connection with the Offering; (b) attendance at broker-dealer sponsored conferences, educational conferences sponsored by the FundTrust, industry sponsored conferences and informational seminars; (c) due diligence expenses; and (d) customary promotional items; provided, however, that, no costs and expenses shall be reimbursed by the Fund Trust pursuant to this Section 3.2 which would cause the total underwriting compensation paid in connection with the Offering to exceed 8% of the gross proceeds from the sale of Shares.