EXPENSE PROVISION. Until this agreement shall be amended or terminated pursuant to Section 3 or Section 6 hereof, the Manager agrees to pay or provide for the payment of any fee or expense allocated at the class-level and attributable to the Retail Class, such that the ordinary operating expenses incurred by the Retail Class in any fiscal year (excluding interest, taxes, securities lending costs, brokerage commissions, and extraordinary expenses) will not exceed 0.35% on an annual basis. For avoidance of doubt, it is understood that this agreement shall not apply to any other class of the Fund other than the Retail Class.
Appears in 5 contracts
Samples: 35 Basis Point Expense Contract (Fidelity New York Municipal Trust Ii), 35 Basis Point Expense Contract (Fidelity Court Street Trust Ii), 35 Basis Point Expense Contract (Fidelity Court Street Trust Ii)
EXPENSE PROVISION. Until this agreement shall be amended or terminated pursuant to Section 3 or Section 6 hereof, the Manager agrees to pay or provide for the payment of any fee or expense allocated at the class-class level and attributable to the Retail Class, such that the ordinary operating expenses incurred by the Retail Class in any fiscal year (excluding interest, taxes, securities lending costs, brokerage commissions, and extraordinary expenses, as well as non-operating expenses such as brokerage commissions and fees and expenses associated with the Fund’s securities lending program, if applicable) will not exceed 0.35% on an annual basis. For avoidance of doubt, it is understood that this agreement shall not apply to any other class of the Fund other than the Retail Class.
Appears in 4 contracts
Samples: 35 Basis Point Expense Contract (Fidelity California Municipal Trust Ii), 35 Basis Point Expense Contract (Fidelity Massachusetts Municipal Trust), 35 Basis Point Expense Contract (Fidelity New York Municipal Trust Ii)
EXPENSE PROVISION. Until this agreement shall be amended or terminated pursuant to Section 3 2 or Section 6 5 hereof, the Manager agrees to pay or provide for the payment of any fee or expense allocated at the class-class level and attributable to the Retail ClassFund, such that the ordinary operating expenses incurred by the Retail Class Fund in any fiscal year (excluding interest, taxes, securities lending costs, brokerage commissions, and extraordinary expenses) will not exceed 0.350.45% on an annual basis. For avoidance of doubt, it is understood that this agreement shall not apply to any other class Advisor Class of the Fund other than the Retail ClassFund.
Appears in 2 contracts
Samples: 45 Basis Point Expense Contract (Fidelity Income Fund /Ma/), 45 Basis Point Expense Contract (Fidelity Fixed Income Trust)
