Excess Expenses. If the expenses for any Portfolio for any fiscal year (including fees and other amounts payable to the Adviser, but excluding interest, taxes, brokerage costs, litigation, and other extraordinary costs) as calculated every business day would exceed the expense limitations imposed on investment companies by any applicable statute or regulatory authority of any jurisdiction in which Shares are qualified for offer and sale, the Adviser shall bear such excess cost.
Appears in 5 contracts
Samples: Investment Advisory Agreement (Marquis Funds), Investment Advisory Agreement (Marquis Funds), Investment Advisory Agreement (Sei Tax Exempt Trust)
Excess Expenses. If the expenses for any Portfolio for any fiscal year (including fees and other amounts payable to the Adviser, but excluding interest, taxes, brokerage costs, litigation, and other extraordinary costs) as calculated every business day would exceed the expense limitations imposed on investment companies by any applicable statute or regulatory authority of any jurisdiction in which Shares shares of a Portfolio are qualified for offer and sale, the Adviser shall bear such excess cost.
Appears in 3 contracts
Samples: Investment Advisory Agreement (Advisors Inner Circle Fund), Investment Advisory Agreement (Oak Associates Funds), Investment Advisory Agreement (Turner Funds)
Excess Expenses. If the expenses for any Portfolio the Fund for any fiscal year (including fees and other amounts payable to the Investment Adviser, but excluding interest, taxes, brokerage costs, litigation, and other extraordinary costs) as calculated every business day would exceed the expense limitations imposed on investment companies by any applicable statute or regulatory authority of any jurisdiction in which Shares Interests of the Fund are qualified for offer and sale, the Investment Adviser shall bear such excess cost.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Persimmon Growth Partners Fund Lp), Investment Advisory Agreement (Persimmon Growth Partners Fund Lp)
Excess Expenses. If the expenses for any Portfolio the Fund for any fiscal year (including fees and other amounts payable to the Investment Adviser, but excluding interest, taxes, brokerage costs, litigation, and other extraordinary costs) as calculated every business day would exceed the expense limitations imposed on investment companies by any applicable statute or regulatory authority of any jurisdiction in which Shares of the Fund are qualified for offer and sale, the Investment Adviser shall bear such excess cost.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Persimmon Growth Partners Investor Fund), Investment Advisory Agreement (Persimmon Growth Partners Investor Fund)
