Common use of Expense Accrual Clause in Contracts

Expense Accrual. (a) On each business day, calculate the amounts of expense accrual for each Fund according to the methodology, rate or dollar amount specified by the Board of Directors; (b) Account for expenditures and maintain expense accrual balances for each Fund at a level of accounting detail specified by the Board of Directors; (c) Conduct periodic expense accrual reviews for each Fund, comparing actual expenses to accrual amounts, as requested by the Board of Directors; and (d) Issue periodic reports for each Fund detailing expense accruals and payments at the times requested by the Board of Directors.

Expense Accrual. (a) On each business day, calculate the amounts of expense accrual for each Fund according to the methodology, rate or dollar amount specified by the Board of DirectorsTrustees; (b) Account for expenditures and maintain expense accrual balances for each Fund at a level of accounting detail specified by the Board of DirectorsTrustees; (c) Conduct periodic expense accrual reviews for each Fund, comparing actual expenses to accrual amounts, as requested by the Board of DirectorsTrustees; and (d) Issue periodic reports for each Fund detailing expense accruals and payments at the times requested by the Board of DirectorsTrustees.

Expense Accrual. (a) On each business day, calculate the amounts of expense accrual for each Fund the Trust according to the methodology, rate or dollar amount specified by the Board of DirectorsTrustees; (b) Account for expenditures and maintain expense accrual balances for each Fund the Trust at a level of accounting detail specified by the Board of DirectorsTrustees; (c) Conduct periodic expense accrual reviews for each Fundthe Trust, comparing actual expenses to accrual amounts, as requested by the Board of DirectorsTrustees; and (d) Issue periodic reports for each Fund the Trust detailing expense accruals and payments at the times requested by the Board of DirectorsTrustees.

Expense Accrual. (a) On each business day, calculate the amounts of expense accrual for each the Fund according to the methodology, rate or dollar amount specified by the Board of DirectorsTrustees; (b) Account for expenditures and maintain expense accrual balances for each the Fund at a level of accounting detail specified by the Board of DirectorsTrustees; (c) Conduct periodic expense accrual reviews for each the Fund, comparing actual expenses to accrual amounts, as requested by the Board of DirectorsTrustees; and (d) Issue periodic reports for each the Fund detailing expense accruals and payments at the times requested by the Board of DirectorsTrustees.