Common use of Exclusions from Services Clause in Contracts

Exclusions from Services. Notwithstanding the provisions of Paragraph 1(a) above, the Services shall not include, and Park Place Capital will not be responsible for, any of the following: (1) all brokers’ commissions, issue and transfer taxes, and other costs chargeable to the Fund or the Portfolio in connection with securities transactions to which the Fund or the Portfolio is a party or in connection with securities owned by the Fund or the Portfolio; (2) the interest on indebtedness, if any, incurred by the Fund or the Portfolio; (3) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Fund or the Portfolio to federal, state, county, city, or other governmental agents; (4) the fees and expenses of each trustee of the Fund who is not an “interested person” thereof, as defined in Section 2(a)(19) of the Act; (5) the expenses, including fees and disbursements of counsel, in connection with litigation by or against the Fund or the Portfolio; (6) the expenses, including fees and disbursements, of any legal counsel separately representing the Fund’s independent trustees; and (7) any other extraordinary expense of the Fund or Portfolio.

Exclusions from Services. Notwithstanding the provisions of Paragraph 1(a) above, the Services shall not include, and Park Place Capital will not be responsible for, any of the following: (1) all brokers’ commissions, issue and transfer taxes, and other costs chargeable to the Fund or the Portfolio in connection with securities transactions to which the Fund or the Portfolio is a party or in connection with securities owned by the Fund or the Portfolio; (2) the interest on indebtedness, if any, incurred by the Fund or the Portfolio; (3) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Fund or the Portfolio to federal, state, county, city, or other governmental agents; (4) the fees and expenses of each trustee director of the Fund who is not an “interested person” thereof, as defined in Section 2(a)(19) of the Act; (5) the expenses, including fees and disbursements of counsel, in connection with litigation by or against the Fund or the Portfolio; (6) the expenses, including fees and disbursements, of any legal counsel separately representing the Fund’s independent trusteesdirectors; and (7) any other extraordinary expense of the Fund or Portfolio.

Exclusions from Services. Notwithstanding the provisions of Paragraph 1(a) above, the Services shall not include, and Park Place Capital Nashville will not be responsible for, any of the following: (1) all brokers’ commissions, issue and transfer taxes, and other costs chargeable to the Fund or the Portfolio in connection with securities transactions to which the Fund or the Portfolio is a party or in connection with securities owned by the Fund or the Portfolio; (2) the interest on indebtedness, if any, incurred by the Fund or the Portfolio; (3) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Fund or the Portfolio to federal, state, county, city, or other governmental agents; (4) the fees and expenses of each trustee director of the Fund who is not an “interested person” thereof, as defined in Section 2(a)(19) of the Act; (5) the expenses, including fees and disbursements of counsel, in connection with litigation by or against the Fund or the Portfolio; (6) the expenses, including fees and disbursements, of any legal counsel separately representing the Fund’s independent trusteesdirectors; and (7) any other extraordinary expense of the Fund or Portfolio.

Exclusions from Services. Notwithstanding the provisions of Paragraph 1(a) above, the Services shall not include, and Park Place Capital Henssler will not be responsible for, any of the following: (1) all brokers’ commissions, issue and transfer taxes, and other costs chargeable to the Fund or the Portfolio in connection with securities transactions to which the Fund or the Portfolio is a party or in connection with securities owned by the Fund or the Portfolio; (2) the interest on indebtedness, if any, incurred by the Fund or the Portfolio; (3) the taxes, including franchise, income, issue, transfer, business license, and other corporate fees payable by the Fund or the Portfolio to federal, state, county, city, or other governmental agents; (4) the fees and expenses of each trustee director of the Fund who is not an “interested person” thereof, as defined in Section 2(a)(19) of the Act; (5) the expenses, including fees and disbursements of counsel, in connection with litigation by or against the Fund or the Portfolio; (6) the expenses, including fees and disbursements, of any legal counsel separately representing the Fund’s independent trusteesdirectors; and (7) any other extraordinary expense of the Fund or Portfolio.