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Common use of EXPENSE PAYMENTS Clause in Contracts

EXPENSE PAYMENTS. Upon Instruction by the Customer’s officer, X.X. Xxxxxx will arrange for the payment of each Fund’s (or class’) expenses. For avoidance of doubt, X.X. Xxxxxx’x services in this regard will include: (i) Review invoices directed to the funds and effect payments as appropriate; (ii) Calculate Trust expense allocations when appropriate; (iii) Arrange, if directed by the appropriate client Fund officers, for the payment by wire of a Fund’s expenses; (iv) Prepare form 1099-MISC for fund expense payments, including Trustees’ fees; (v) Provide expense details to the Funds’ investment adviser for periodic review; and (vi) Assist in the verification of the appropriateness of all Fund expenses including out-of-pocket costs charged to the Funds.

Appears in 4 contracts

Samples: Fund Servicing Agreement (FlexShares Trust), Fund Servicing Agreement (FlexShares Trust), Fund Servicing Agreement (FlexShares Trust)

EXPENSE PAYMENTS. Upon Instruction by the Customer’s officer, X.X. Xxxxxx will arrange for the payment of each Fund’s (or class’) expenses. For avoidance of doubt, X.X. Xxxxxx’x services in this regard will include: (i) Review invoices directed to the funds and effect payments as appropriate; (ii) Calculate Trust expense allocations when appropriate; (iii) Arrange, if directed by the appropriate client Fund officers, for the payment by wire of a Fund’s expenses; (iv) Prepare form 1099-MISC for fund expense payments, including Trustees’ fees;; and (v) Provide expense details to the Funds’ investment adviser for periodic review; and. (vi) Assist in the verification of the appropriateness of all Fund expenses including out-of-pocket costs charged to the Funds.,

Appears in 2 contracts

Samples: Etf Fund Servicing Agreement (FlexShares Trust), Etf Fund Servicing Agreement (FlexShares Trust)