Due from Advisor Reimbursement. To the extent that the Fund Operating Expenses exceed the Operating Expense Limit, as defined in Section 1(b) below, such excess amount (the "Excess Amount") shall be the liability of the Advisor. Those expenses incurred on behalf of the Fund and the Advisor, particularly those expenses advanced on the Advisor's behalf for Fund marketing and distribution, shall also be the liability of the Advisor and payable to the party advancing such expenses on the Advisor's behalf. Marketing expenses are specifically excluded as being deemed a liability of any party other than the Advisor. In determining the Fund Operating Expenses, expenses that each Fund would have incurred but did not actually pay because of expense offset or brokerage/services arrangements shall be added to the aggregate expenses so as not to benefit the Advisor.
Appears in 9 contracts
Samples: Expense Limitation Agreement (Aspiration Funds), Expense Limitation Agreement (Starboard Investment Trust), Expense Limitation Agreement (Starboard Investment Trust)
Due from Advisor Reimbursement. To the extent that the Fund each Fund's Operating Expenses exceed the Operating Expense Limit, as defined in Section 1(b) below, such excess amount (the "Excess Amount") shall be the liability of the Advisor. Those expenses incurred on behalf of the each Fund and the Advisor, particularly those expenses advanced on the Advisor's behalf for Fund marketing and distribution, shall also be the liability of the Advisor and payable to the party advancing such expenses on the Advisor's behalf. Marketing expenses are specifically excluded as being deemed a liability of any party other than the Advisor. In determining the Fund Operating Expenses, expenses that each Fund would have incurred but did not actually pay because of expense offset or brokerage/services arrangements shall be added to the aggregate expenses so as not to benefit the Advisor.
Appears in 7 contracts
Samples: Expense Limitation Agreement (Starboard Investment Trust), Expense Limitation Agreement (Starboard Investment Trust), Expense Limitation Agreement (Starboard Investment Trust)
Due from Advisor Reimbursement. To the extent that the Fund Fund’s Operating Expenses exceed the Operating Expense Limit, as defined in Section 1(b) belowherein, such excess amount (the "“Excess Amount"”) shall be the liability of the Advisor. Those expenses incurred on behalf of the Fund and the Advisor, particularly those expenses advanced on the Advisor's ’s behalf for Fund marketing and distribution, shall also be the liability of the Advisor and payable to the party advancing such expenses on the Advisor's ’s behalf. Marketing expenses are specifically excluded as being deemed a liability of any party other than the Advisor. In determining the Fund Operating Expenses, expenses that each the Fund would have incurred but did not actually pay because of expense offset or brokerage/services arrangements shall be added to the aggregate expenses so as not to benefit the Advisor.
Appears in 6 contracts
Samples: Expense Limitation Agreement (Hillman Capital Management Investment Trust), Expense Limitation Agreement (Starboard Investment Trust), Expense Limitation Agreement (Starboard Investment Trust)
Due from Advisor Reimbursement. To the extent that the Fund Fund’s Operating Expenses exceed the Operating Expense Limit, as defined in Section 1(b) below, herein such excess amount (the "“Excess Amount"”) shall be the liability of the Advisor. Those expenses incurred on behalf of the Fund and the Advisor, particularly those expenses advanced on the Advisor's ’s behalf for Fund marketing and distribution, shall also be the liability of the Advisor and payable to the party advancing such expenses on the Advisor's ’s behalf. Marketing expenses are specifically excluded as being deemed a liability of any party other than the Advisor. In determining the Fund Operating Expenses, expenses that each the Fund would have incurred but did not actually pay because of expense offset or brokerage/services arrangements shall be added to the aggregate expenses so as not to benefit the Advisor.
Appears in 4 contracts
Samples: Expense Limitation Agreement (Spinnaker ETF Series), Expense Limitation Agreement (Spinnaker ETF Series), Expense Limitation Agreement (Spinnaker ETF Series)
Due from Advisor Reimbursement. To the extent that the Fund Fund's Operating Expenses exceed the Operating Expense Limit, as defined in Section 1(b) belowherein, such excess amount (the "Excess Amount") shall be the liability of the Advisor. Those expenses incurred on behalf of the Fund and the Advisor, particularly those expenses advanced on the Advisor's behalf for Fund marketing and distribution, shall also be the liability of the Advisor and payable to the party advancing such expenses on the Advisor's behalf. Marketing expenses are specifically excluded as being deemed a liability of any party other than the Advisor. In determining the Fund Operating Expenses, expenses that each the Fund would have incurred but did not actually pay because of expense offset or brokerage/services arrangements shall be added to the aggregate expenses so as not to benefit the Advisor.
Appears in 3 contracts
Samples: Expense Limitation Agreement (Starboard Investment Trust), Expense Limitation Agreement (Starboard Investment Trust), Expense Limitation Agreement (Starboard Investment Trust)
Due from Advisor Reimbursement. To the extent that the Fund Fund's Operating Expenses exceed the Operating Expense Limit, as defined in Section 1(b) below, such excess amount (the "Excess Amount") shall be the liability of the Advisor. Those expenses incurred on behalf of the Fund and the Advisor, particularly those expenses advanced on the Advisor's behalf for Fund marketing and distribution, shall also be the liability of the Advisor and payable to the party advancing such expenses on the Advisor's behalf. Marketing expenses are specifically excluded as being deemed a liability of any party other than the Advisor. In determining the Fund Operating Expenses, expenses that each the Fund would have incurred but did not actually pay because of expense offset or brokerage/services arrangements shall be added to the aggregate expenses so as not to benefit the Advisor.
Appears in 2 contracts
Samples: Expense Limitation Agreement (Starboard Investment Trust), Expense Limitation Agreement (Starboard Investment Trust)
Due from Advisor Reimbursement. To the extent that the Fund each Fund’s Operating Expenses exceed the Operating Expense Limit, as defined in Section 1(b) belowherein, such excess amount (the "“Excess Amount"”) shall be the liability of the Advisor. Those expenses incurred on behalf of the each Fund and the Advisor, particularly those expenses advanced on the Advisor's ’s behalf for Fund marketing and distribution, shall also be the liability of the Advisor and payable to the party advancing such expenses on the Advisor's ’s behalf. Marketing expenses are specifically excluded as being deemed a liability of any party other than the Advisor. In determining the Fund Operating Expenses, expenses that each Fund would have incurred but did not actually pay because of expense offset or brokerage/services arrangements shall be added to the aggregate expenses so as not to benefit the Advisor.
Appears in 2 contracts
Samples: Expense Limitation Agreement (Starboard Investment Trust), Expense Limitation Agreement (Starboard Investment Trust)
Due from Advisor Reimbursement. To the extent that the Fund each Fund's Operating Expenses exceed the Operating Expense Limit, as defined in Section 1(bl(b) below, such excess amount (the "Excess Amount") shall be the liability of the Advisor. Those expenses incurred on behalf of the each Fund and the Advisor, particularly those expenses advanced on the Advisor's behalf for Fund marketing and distribution, shall also be the liability of the Advisor and payable to the party advancing such expenses on the Advisor's behalf. Marketing expenses are specifically excluded as being deemed a liability of any party other than the Advisor. In determining the Fund Operating Expenses, expenses that each Fund would have incurred but did not actually pay because of expense offset or brokerage/brokerage/ services arrangements shall be added to the aggregate expenses so as not to benefit the Advisor.
Appears in 1 contract
Samples: Expense Limitation Agreement (Starboard Investment Trust)
Due from Advisor Reimbursement. To the extent that the Fund Operating Expenses exceed the Operating Expense Limit, as defined in Section 1(b) belowherein, such excess amount (the "“Excess Amount"”) shall be the liability of the Advisor. Those expenses incurred on behalf of the Fund and the Advisor, particularly those expenses advanced on the Advisor's ’s behalf for Fund marketing and distribution, shall also be the liability of the Advisor and payable to the party advancing such expenses on the Advisor's ’s behalf. Marketing expenses are specifically excluded as being deemed a liability of any party other than the Advisor. In determining the Fund Operating Expenses, expenses that each the Fund would have incurred but did not actually pay because of expense offset or brokerage/services arrangements shall be added to the aggregate expenses so as not to benefit the Advisor.
Appears in 1 contract
Samples: Expense Limitation Agreement (Starboard Investment Trust)
Due from Advisor Reimbursement. To the extent that the Fund a Fund’s Operating Expenses exceed the Operating Expense Limit, as defined in Section 1(b) below, such excess amount (the "“Excess Amount"”) shall be the liability of the Advisor. Those expenses incurred on behalf of the a Fund and the Advisor, particularly those expenses advanced on the Advisor's ’s behalf for Fund marketing and distribution, shall also be the liability of the Advisor and payable to the party advancing such expenses on the Advisor's ’s behalf. Marketing expenses are specifically excluded as being deemed a liability of any party other than the Advisor. In determining the Fund Operating Expenses, expenses that each Fund would have incurred but did not actually pay because of expense offset or brokerage/services arrangements shall be added to the aggregate expenses so as not to benefit the Advisor.
Appears in 1 contract
Due from Advisor Reimbursement. To the extent that the Fund each Fund's Operating Expenses exceed the Operating Expense Limit, as defined in Section 1(b) below, such excess amount (the "Excess Amount") shall be the liability of the AdvisorAdministrator. Those expenses incurred on behalf of the each Fund and the Advisor, particularly those expenses advanced on the Advisor's behalf for Fund marketing and distribution, shall also be the liability of the Advisor Administrator and payable to the party advancing such expenses on the Advisor's behalf. Marketing expenses are specifically excluded as being deemed a liability of any party other than the AdvisorAdministrator. In determining the Fund Operating Expenses, expenses that each Fund would have incurred but did not actually pay because of expense offset or brokerage/services arrangements shall be added to the aggregate expenses so as not to benefit the AdvisorAdministrator.
Appears in 1 contract
Samples: Expense Limitation Agreement (Leeward Investment Trust)
Due from Advisor Reimbursement. To the extent that the Fund each Fund's Operating Expenses exceed the Operating Expense Limit, as defined in Section 1(b) belowherein, such excess amount (the "Excess Amount") shall be the liability of the Advisor. Those expenses incurred on behalf of the each Fund and the Advisor, particularly those expenses advanced on the Advisor's behalf for Fund marketing and distribution, shall also be the liability of the Advisor and payable to the party advancing such expenses on the Advisor's behalf. Marketing expenses are specifically excluded as being deemed a liability of any party other than the Advisor. In determining the Fund Operating Expenses, expenses that each Fund would have incurred but did not actually pay because of expense offset or brokerage/services arrangements shall be added to the aggregate expenses so as not to benefit the Advisor.
Appears in 1 contract
Samples: Expense Limitation Agreement (Starboard Investment Trust)
Due from Advisor Reimbursement. To the extent that the Fund Operating Expenses exceed the Operating Expense Limit, as defined in Section 1(b1(a) belowabove, such excess amount (the "Excess Amount") shall be the liability of the Advisor. Those expenses incurred on behalf of the Fund and the Advisor, particularly those expenses advanced on the Advisor's behalf for Fund marketing and distribution, shall also be the liability of the Advisor and payable to the party advancing such expenses on the Advisor's behalf. Marketing expenses are specifically excluded as being deemed a liability of any party other than the Advisor. In determining the Fund Operating Expenses, expenses that each Fund the fund would have incurred but did not actually pay because of expense offset or brokerage/services arrangements shall be added to the aggregate expenses so as not to benefit the Advisor.
Appears in 1 contract
Samples: Expense Limitation Agreement (Starboard Investment Trust)