Common use of Escrow of Fees Clause in Contracts

Escrow of Fees. (a) Compensation earned under the contract will be held in an interest-bearing escrow account with the Fund's custodian or a bank; (b) If a majority of the Fund's outstanding security voting securities approve a contract with DIA by the end of the 150-day period, the amount in the escrow account (including the interest earned) will be paid to DIA; and (c) If a majority of the Fund's outstanding voting securities do not approve a contract with DIA, DIA will be paid, out of the escrow account, the lesser of: (1) Any costs incurred in performing the interim contract (plus interest earned on that amount while in escrow); or (2) The total amount in the escrowed account (plus interest earned).

Escrow of Fees. (a) Compensation earned under the contract will be held in an interest-bearing escrow account with the Fund's ’s custodian or a bank; (b) If a majority of the Fund's ’s outstanding security voting securities approve a contract with DIA by the end of the 150-day period, the amount in the escrow account (including the interest earned) will be paid to DIA; and (c) If a majority of the Fund's ’s outstanding voting securities do not approve a contract with DIA, DIA will be paid, out of the escrow account, the lesser of: (1) Any costs incurred in performing the interim contract (plus interest earned on that amount while in escrow); or (2) The total amount in the escrowed account (plus interest earned).