Common use of Expense Limit Applicable to Schedule A Funds Clause in Contracts

Expense Limit Applicable to Schedule A Funds. During the Term (as defined in Section 2.1), the Adviser agrees to waive all or a portion of its Advisory Fees to the extent necessary so that the “Total Annual Fund Operating Expenses” (as defined in Form N-1A under the 0000 Xxx) incurred by the applicable class of shares of a Schedule A Fund (excluding Non-Capped Expenses, as defined in Section 1.3) (“Capped Operating Expenses”) do not exceed the Expense Limit (as defined in Section 1.4) applicable to such class. During the Term, to the extent that Capped Operating Expenses incurred by a class of shares of a Schedule A Fund (after the waiver of Advisory Fees by the Adviser) exceed the Expense Limit for such class, such excess amount (the “Schedule A Fund Excess Amount”) shall be borne by the Adviser.

Expense Limit Applicable to Schedule A Funds. During the Term (as defined in Section 2.1), the Adviser agrees to waive all or a portion of its Advisory Fees to the extent necessary so that the “Total Annual Fund Operating Expenses” (as defined in Form N-1A under the 0000 1000 Xxx) incurred by the applicable class of shares of a Schedule A Fund (excluding Non-Capped Expenses, as defined in Section 1.3) (“Capped Operating Expenses”) do not exceed the Expense Limit (as defined in Section 1.4) applicable to such class. During the Term, to the extent that Capped Operating Expenses incurred by a class of shares of a Schedule A Fund (after the waiver of Advisory Fees by the Adviser) exceed the Expense Limit for such class, such excess amount (the “Schedule A Fund Excess Amount”) shall be borne by the Adviser.