Expense Limitations. In the event the operating expenses of the Fund, including amounts payable to the Manager pursuant to subsection (a) hereof, for any fiscal year ending an a date on which this Agreement is in effect exceed the expense limitations applicable to the Fund imposed by applicable state securities laws or regulations thereunder, as such limitations may be raised or lowered from time to time, the Manager shall reduce its management fee by the extent of such excess and, if required pursuant to any such laws or regulations, will reimburse the Fund in the amount of such excess; provided, however, to the extent permitted by law, there shall be excluded from such expenses the amount of any interest, taxes, brokerage fees and commissions, distribution fees and extraordinary expenses (including but not limited to legal claims and liabilities and
Appears in 1 contract
Samples: Management Agreement (Merrill Lynch Strategic Dividend Fund)
Expense Limitations. In the event the operating expenses of the Fund, including amounts payable to the Manager Investment Adviser pursuant to subsection (a) hereof, for any fiscal year ending an on a date on which this Agreement is in effect exceed the expense limitations applicable to the Fund imposed by applicable state securities laws or regulations thereunder, as such limitations may be raised or lowered from time to time, the Manager Investment Adviser shall reduce its management and investment advisory fee by the extent of such excess and, if required pursuant to any such laws or regulations, will reimburse the Fund in the amount of such excess; provided, however, to the extent permitted by law, there shall be excluded from such expenses the amount of any interest, taxes, distribution fees, brokerage fees and commissions, distribution fees commissions and extraordinary expenses (including but not limited to legal claims and liabilities andextraordinary
Appears in 1 contract
Samples: Investment Advisory Agreement (Income Opportunities Fund 2006 Inc)
Expense Limitations. In the event the operating expenses of the Fund, including amounts payable to the Manager pursuant to subsection (a) hereof, for any fiscal year ending an on a date on which this Agreement is in effect exceed the expense limitations applicable to the Fund imposed by applicable state securities laws or regulations thereunder, as such limitations may be raised or lowered from time to time, the Manager shall reduce its management fee by the extent of such excess and, if required pursuant to any such laws or regulations, will reimburse the Fund in the amount of such excess; provided, however, to the extent permitted by law, there shall be excluded from such expenses the amount of any interest, taxes, brokerage fees and commissions, distribution fees and extraordinary expenses (including but not limited to legal claims and liabilities and
Appears in 1 contract
Samples: Management Agreement (Merrill Lynch Developing Capital Markets Fund Inc)
Expense Limitations. In the event the operating expenses of the FundTrust, including amounts payable to the Manager Investment Adviser pursuant to subsection (a) hereof, for any fiscal year ending an on a date on which this Agreement is in effect exceed the expense limitations applicable to the Fund Trust imposed by applicable state securities laws or regulations thereunder, as such limitations may be raised or lowered from time to time, the Manager Investment Adviser shall reduce its management fee by the extent of such excess and, if required pursuant to any such laws or regulations, will reimburse the Fund Trust in the amount of such excess; provided, however, to the extent permitted by law, there shall be excluded from such expenses the amount of any interest, taxes, brokerage fees and commissions, distribution fees and extraordinary expenses (including but not limited to legal claims and liabilities andbrokerage
Appears in 1 contract
Samples: Investment Advisory Agreement (Merrill Lynch Global Resources Trust /)
Expense Limitations. In the event the operating expenses of the FundFunds, including amounts the investment advisory fee applicable to the Funds payable to the Manager Adviser pursuant to subsection (a) hereof, for any fiscal year ending an on a date on which this Agreement is in effect exceed effect, exceeds the expense limitations applicable to the Fund imposed by applicable under state securities laws or published regulations thereunder, as such limitations may be raised or lowered from time to time, the Manager Adviser shall reduce its management investment advisory fee by the extent of such excess and, if required pursuant to under any such laws or regulations, will reimburse the Fund Funds in the amount of such excess; provided, however, to the extent permitted by under law, there shall be excluded from such expenses the amount of any interest, taxes, brokerage fees and commissions, distribution fees and extraordinary expenses (including but not limited to legal claims and liabilities andbrokerage
Appears in 1 contract
Samples: Investment Advisory Agreement (Merrill Lynch Variable Series Funds Inc)
Expense Limitations. In the event the operating expenses of the Fund, including amounts payable to the Manager pursuant to subsection (a) hereof, for any fiscal year ending an on a date on which this Agreement is in effect exceed the expense limitations applicable to the Fund imposed by applicable state securities laws or regulations thereunder, as such limitations may be raised or lowered from time to time, the Manager shall reduce its management fee by the extent of such excess and, if required pursuant to any such laws or regulations, will reimburse the Fund in the amount of such excess; provided, however, to the extent permitted by law, there shall be excluded from such expenses the amount of any interest, taxes, brokerage fees and commissions, distribution fees commissions and extraordinary expenses (including but not limited to legal claims and liabilities andlegal
Appears in 1 contract
Expense Limitations. In the event that the operating expenses of the Fund, including amounts payable to the Manager pursuant to subsection (a) hereof, for any fiscal year ending an on a date on which this Agreement is in effect exceed the expense limitations applicable to the Fund imposed by applicable state securities laws or regulations thereunder, as such limitations may be raised or lowered from time to time, the Manager shall reduce its management fee by the extent of such excess and, if required pursuant to any such laws or regulations, will reimburse the Fund in the amount of such excess; , provided, however, to the extent permitted by law, there shall be excluded from such expenses the amount of any interest, taxes, brokerage fees and commissions, distribution fees commissions and extraordinary expenses (including but not limited to legal claims and liabilities andlegal
Appears in 1 contract
Samples: Management Agreement (Merrill Lynch California Insured Municipal Bond Fund of Merr)
Expense Limitations. In the event the operating expenses of the Fund, including amounts payable to the Manager pursuant to subsection (a) hereof, for any fiscal year ending an on a date on which this this-Agreement is in effect exceed the expense limitations applicable to the Fund imposed by applicable state securities laws or regulations thereunder, as such limitations may be raised or lowered from time to time, the Manager shall reduce its management fee by the extent of such excess and, if required pursuant to any such laws or regulations, will reimburse the Fund in the amount of such excess; provided, however, to the extent permitted by law, there shall be excluded from such expenses the amount of any interest, taxes, brokerage fees and commissions, distribution fees and extraordinary expenses (including but not limited to legal claims and liabilities and
Appears in 1 contract
Samples: Management Agreement (Merrill Lynch Global Convertible Securities Fund Inc)