Common use of Expense Limitations Clause in Contracts

Expense Limitations. In the event the operating expenses of the Funds, including the investment advisory fee applicable to the Funds payable to the Adviser pursuant to subsection (a) hereof, for any fiscal year ending on a date on which this Agreement is in effect, exceeds the expense limitations under state securities laws or published regulations thereunder, as such limitations may be raised or lowered from time to time, the Adviser shall reduce its investment advisory fee by the extent of such excess and, if required under any such laws or regulations, will reimburse the Funds in the amount of such excess; provided, however, to the extent permitted under law, there shall be excluded from such expenses the amount of any interest, taxes, brokerage

Expense Limitations. In the event the operating expenses of the FundsFund, including the investment advisory fee applicable to the Funds amounts payable to the Adviser Manager pursuant to subsection (a) hereof, for any fiscal year ending on an a date on which this Agreement is in effect, exceeds effect exceed the expense limitations under applicable to the Fund imposed by applicable state securities laws or published regulations thereunder, as such limitations may be raised or lowered from time to time, the Adviser Manager shall reduce its investment advisory management fee by the extent of such excess and, if required under pursuant to any such laws or regulations, will reimburse the Funds Fund in the amount of such excess; provided, however, to the extent permitted under by law, there shall be excluded from such expenses the amount of any interest, taxes, brokeragebrokerage fees and commissions, distribution fees and extraordinary expenses (including but not limited to legal claims and liabilities and

Expense Limitations. In the event that the operating expenses of the FundsFund, including the investment advisory fee applicable to the Funds amounts payable to the Adviser Manager pursuant to subsection (a) hereof, for any fiscal year ending on a date on which this Agreement is in effect, exceeds effect exceed the expense limitations under applicable to the Fund imposed by applicable state securities laws or published regulations thereunder, as such limitations may be raised or lowered from time to time, the Adviser Manager shall reduce its investment advisory management fee by the extent of such excess and, if required under pursuant to any such laws or regulations, will reimburse the Funds Fund in the amount of such excess; , provided, however, to the extent permitted under by law, there shall be excluded from such expenses the amount of any interest, taxes, brokeragebrokerage commissions and extraordinary expenses (including but not limited to legal

Expense Limitations. In the event the operating expenses of the FundsFund, including the investment advisory fee applicable to the Funds amounts payable to the Adviser Manager pursuant to subsection (a) hereof, for any fiscal year ending on a date on which this Agreement is in effect, exceeds effect exceed the expense limitations under applicable to the Fund imposed by applicable state securities laws or published regulations thereunder, as such limitations may be raised or lowered from time to time, the Adviser Manager shall reduce its investment advisory management fee by the extent of such excess and, if required under pursuant to any such laws or regulations, will reimburse the Funds Fund in the amount of such excess; provided, however, to the extent permitted under by law, there shall be excluded from such expenses the amount of any interest, taxes, brokeragebrokerage commissions and extraordinary expenses (including but not limited to legal

Expense Limitations. In the event the operating expenses of the FundsTrust, including the investment advisory fee applicable to the Funds amounts payable to the Investment Adviser pursuant to subsection (a) hereof, for any fiscal year ending on a date on which this Agreement is in effect, exceeds effect exceed the expense limitations under applicable to the Trust imposed by applicable state securities laws or published regulations thereunder, as such limitations may be raised or lowered from time to time, the Investment Adviser shall reduce its investment advisory fee by the extent of such excess and, if required under pursuant to any such laws or regulations, will reimburse the Funds Trust in the amount of such excess; provided, however, to the extent permitted under by law, there shall be excluded from such expenses the amount of any interest, taxes, brokerage

Expense Limitations. In the event the operating expenses of the FundsFund, including the investment advisory fee applicable to the Funds amounts payable to the Investment Adviser pursuant to subsection (a) hereof, for any fiscal year ending on a date on which this Agreement is in effect, exceeds effect exceed the expense limitations under applicable to the Fund imposed by applicable state securities laws or published regulations thereunder, as such limitations may be raised or lowered from time to time, the Investment Adviser shall reduce its management and investment advisory fee by the extent of such excess and, if required under pursuant to any such laws or regulations, will reimburse the Funds Fund in the amount of such excess; provided, however, to the extent permitted under by law, there shall be excluded from such expenses the amount of any interest, taxes, brokeragedistribution fees, brokerage fees and commissions and extraordinary

Expense Limitations. In the event the operating expenses of the FundsFund, including the investment advisory fee applicable to the Funds amounts payable to the Adviser Manager pursuant to subsection (a) hereof, for any fiscal year ending on a date on which this Agreement is in effect, exceeds effect exceed the expense limitations under applicable to the Fund imposed by applicable state securities laws or published regulations thereunder, as such limitations may be raised or lowered from time to time, the Adviser Manager shall reduce its investment advisory management fee by the extent of such excess and, if required under pursuant to any such laws or regulations, will reimburse the Funds Fund in the amount of such excess; provided, however, to the extent permitted under by law, there shall be excluded from such expenses the amount of any interest, taxes, brokeragebrokerage fees and commissions, distribution fees and extraordinary expenses (including but not limited to legal claims and liabilities and

Expense Limitations. In the event the operating expenses of the FundsFund, including the investment advisory fee applicable to the Funds amounts payable to the Adviser Manager pursuant to subsection (a) hereof, for any fiscal year ending on a date on which this this-Agreement is in effect, exceeds effect exceed the expense limitations under applicable to the Fund imposed by applicable state securities laws or published regulations thereunder, as such limitations may be raised or lowered from time to time, the Adviser Manager shall reduce its investment advisory management fee by the extent of such excess and, if required under pursuant to any such laws or regulations, will reimburse the Funds Fund in the amount of such excess; provided, however, to the extent permitted under by law, there shall be excluded from such expenses the amount of any interest, taxes, brokeragebrokerage fees and