Common use of Expense Waivers Clause in Contracts

Expense Waivers. If in any fiscal year the total expenses of a Fund incurred by, or allocated to, the Fund, excluding taxes, interest, brokerage commissions and other portfolio transaction expenses, other expenditures that are capitalized in accordance with generally accepted accounting principles, extraordinary expenses and amounts accrued or paid under a Rule 12b-1 Plan of the Fund and including only the fees provided for in Paragraph 4 and those provided for pursuant to the Fund’s advisory agreement (“includible expenses”), exceed the applicable voluntary expense waivers, if any, set forth in the Prospectus, Funds Management shall waive or reimburse that portion of the excess derived by multiplying the excess by a fraction, the numerator of which shall be the percentage at which the fee payable pursuant to this Agreement is calculated under Paragraph 4, and the denominator of which shall be the sum of such percentage plus the percentage at which the fee payable pursuant to the Fund's advisory agreement is calculated (the “Applicable Ratio”), but only to the extent of the fee hereunder for the fiscal year. If the fees payable under this Agreement and/or the Fund’s advisory agreement contributing to such excess portion are calculated at more than one percentage rate, the Applicable Ratio shall be calculated separately for and applied separately to the portions of excess attributable to, the period to which a particular percentage rate applied. At the end of each month of the Trust’s fiscal year, the Trust shall review the includible expenses accrued during that fiscal year to the end of that period and shall estimate the includible expenses for the balance of that fiscal year. If as a result of that review and estimation it appears likely that the includible expenses will exceed the limitations referred to in this Paragraph for a fiscal year with respect to the Fund, the monthly fee set forth in Paragraph 4 payable to Funds Management for such month shall be reduced, subject to a later adjustment, by an amount equal to the Applicable Ratio times the estimated excess pro rated over the remaining months of the fiscal year (including the month just ended). For purposes of computing the excess, if any, the value of the Fund’s net assets shall be computed in the manner specified in Paragraph 4, and any reimbursements required to be made by Funds Management shall be made once a year promptly after the end of the Trust’s fiscal year.

Expense Waivers. If in any fiscal year the total expenses of a Fund incurred by, or allocated to, the Fund, excluding taxes, interest, brokerage commissions and other portfolio transaction expenses, other expenditures that are capitalized in accordance with generally accepted accounting principles, extraordinary expenses and amounts accrued or paid under a Rule 12b-1 Plan of the Fund and including only the fees provided for in Paragraph 4 and those provided for pursuant to the Fund’s advisory agreement (“includible expenses”), exceed the applicable voluntary expense waivers, if any, set forth in the Prospectus, Funds Management shall waive or reimburse that portion of the excess derived by multiplying the excess by a fraction, the numerator of which shall be the percentage at which the fee payable pursuant to this Agreement is calculated under Paragraph 4, and the denominator of which shall be the sum of such percentage plus the percentage at which the fee payable pursuant to the Fund's ’s advisory agreement is calculated (the “Applicable Ratio”), but only to the extent of the fee hereunder for the fiscal year. If the fees payable under this Agreement and/or the Fund’s advisory agreement contributing to such excess portion are calculated at more than one percentage rate, the Applicable Ratio shall be calculated separately for and applied separately to the portions of excess attributable to, the period to which a particular percentage rate applied. At the end of each month of the Trust’s fiscal year, the Trust shall review the includible expenses accrued during that fiscal year to the end of that period and shall estimate the includible expenses for the balance of that fiscal year. If as a result of that review and estimation it appears likely that the includible expenses will exceed the limitations referred to in this Paragraph for a fiscal year with respect to the Fund, the monthly fee set forth in Paragraph 4 payable to Funds Management for such month shall be reduced, subject to a later adjustment, by an amount equal to the Applicable Ratio times the estimated excess pro rated over the remaining months of the fiscal year (including the month just ended). For purposes of computing the excess, if any, the value of the Fund’s net assets shall be computed in the manner specified in Paragraph 4, and any reimbursements required to be made by Funds Management shall be made once a year promptly after the end of the Trust’s fiscal year.

Expense Waivers. If in any fiscal year the total expenses of a --------------- Fund incurred by, or allocated to, the Fund, excluding taxes, interest, brokerage commissions and other portfolio transaction expenses, other expenditures that are capitalized in accordance with generally accepted accounting principles, extraordinary expenses and amounts accrued or paid under a Rule 12b-1 Plan of the Fund and including only the fees provided for in Paragraph 4 and those provided for pursuant to the Fund’s 's advisory agreement (“"includible expenses”"), exceed the applicable voluntary expense waivers, if any, set forth in the Prospectus, Funds Management Xxxxx Fargo shall waive or reimburse that portion of the excess derived by multiplying the excess by a fraction, the numerator of which shall be the percentage at which the fee payable pursuant to this Agreement is calculated under Paragraph 4, and the denominator of which shall be the sum of such percentage plus the percentage at which the fee payable pursuant to the Fund's advisory agreement is calculated (the “"Applicable Ratio”"), but only to the extent of the fee hereunder for the fiscal year. If the fees payable under this Agreement and/or the Fund’s 's advisory agreement contributing to such excess portion are calculated at more than one percentage rate, the Applicable Ratio shall be calculated separately for and applied separately to the portions of excess attributable to, the period to which a particular percentage rate applied. At the end of each month of the Trust’s 's fiscal year, the Trust shall review the includible expenses accrued during that fiscal year to the end of that period and shall estimate the includible expenses for the balance of that fiscal year. If as a result of that review and estimation it appears likely that the includible expenses will exceed the limitations referred to in this Paragraph for a fiscal year with respect to the Fund, the monthly fee set forth in Paragraph 4 payable to Funds Management Xxxxx Fargo for such month shall be reduced, subject to a later adjustment, by an amount equal to the Applicable Ratio times the estimated excess pro rated over the remaining months of the fiscal year (including the month just ended). For purposes of computing the excess, if any, the value of the Fund’s net assets shall be computed in the manner specified in Paragraph 4, and any reimbursements required to be made by Funds Management shall be made once a year promptly after the end of the Trust’s fiscal year.just

Expense Waivers. If in any fiscal year the total expenses of a Fund --------------- incurred by, or allocated to, the Fund, Fund excluding taxes, interest, brokerage commissions and other portfolio transaction expenses, other expenditures that are capitalized in accordance with generally accepted accounting principles, extraordinary expenses and amounts accrued or paid under a Rule 12b-1 Plan of the Fund and Fund, but including only the fees provided for in Paragraph 4 and those provided for pursuant to the Fund’s advisory agreement 's Advisory Agreement (“"includible expenses”"), exceed the applicable voluntary expense waivers, if any, set forth in the Prospectus, Funds Management Xxxxx Fargo shall waive or reimburse that portion of the excess derived by multiplying the excess by a fraction, the numerator of which shall be the percentage at which the excess portion attributable to the fee payable pursuant to this Agreement agreement is calculated under Paragraph 44 hereof, and the denominator of which shall be the sum of such percentage plus the percentage at which the excess portion attributable to the fee payable pursuant to the Fund's advisory agreement Advisory Agreement is calculated (the “"Applicable Ratio”"), but only to the extent of the fee hereunder for the fiscal year. If the fees payable under this Agreement agreement and/or the Fund’s advisory agreement 's Advisory Agreement contributing to such excess portion are calculated at more than one percentage rate, the Applicable Ratio shall be calculated separately for on the basis of, and applied separately to to, the portions of excess attributable to, the period to which a particular percentage rate appliedfees calculated at the different rates. At the end of each month of the Trust’s Life & Annuity's fiscal year, the Trust Life & Annuity shall review the includible expenses accrued during that fiscal year to the end of that period and shall estimate the includible expenses for the balance of that fiscal year. If as a result of that review and estimation it appears likely that the includible expenses will exceed the limitations referred to in this Paragraph 11 for a fiscal year with respect to the Fund, the monthly fee set forth in Paragraph 4 payable to Funds Management Xxxxx Fargo for such month shall be reduced, subject to a later adjustment, by an amount equal to the Applicable Ratio times the estimated excess pro rated over rata portion (prorated on the basis of the remaining months of the fiscal year (year, including the month just ended)) of the amount by which the includible expenses for the fiscal year are expected to exceed the limitations provided for in this Paragraph 11. For purposes of computing the excess, if any, over the most restrictive applicable expense limitation, the value of the Fund’s 's net assets shall be computed in the manner specified in Paragraph 4, and any reimbursements required to be made by Funds Management Xxxxx Fargo shall be made once a year promptly after the end of the Trust’s Life & Annuity's fiscal year.

Expense Waivers. If in any fiscal year the total expenses of a Fund Class incurred by, or allocated to, the FundClass, excluding taxes, interest, brokerage commissions and other portfolio transaction expenses, other expenditures that are capitalized in accordance with generally accepted accounting principles, extraordinary expenses and amounts accrued or paid under a Rule 12b-1 Plan of the Fund and including only the fees provided for in Paragraph 4 and those provided for pursuant to the Fund’s 's advisory agreement (“"includible expenses”"), exceed the applicable voluntary expense waivers, if any, set forth in the Prospectus, Funds Management shall waive or reimburse out of its Fund-Level Fee or Class-Level Fee, as appropriate, that portion of the excess derived by multiplying the excess by a fraction, the numerator of which shall be the percentage at which the fee payable pursuant to this Agreement is calculated under Paragraph 4, and the denominator of which shall be the sum of such percentage plus the percentage at which the fee payable pursuant to the Fund's advisory agreement is calculated (the “"Applicable Ratio”"), but only to the extent of the fee hereunder for the fiscal year. If the fees payable under this Agreement and/or the Fund’s 's advisory agreement contributing to such excess portion are calculated at more than one percentage rate, the Applicable Ratio shall be calculated separately for and applied separately to the portions of excess attributable to, the period to which a particular percentage rate applied. At the end of each month of the Trust’s 's fiscal year, the Trust shall review the includible expenses accrued during that fiscal year to the end of that period and shall estimate the includible expenses for the balance of that fiscal year. If as a result of that review and estimation it appears likely that the includible expenses will exceed the limitations referred to in this Paragraph for a fiscal year with respect to the FundClass, the monthly fee set forth in Paragraph 4 payable to Funds Management Fund-Level Fee or Class-Level Fee, as appropriate, for such month shall be reduced, subject to a later adjustment, by an amount equal to the Applicable Ratio times the estimated excess pro rated over the remaining months of the fiscal year (including the month just ended). For purposes of computing the excess, if any, the value of the Fund’s 's net assets shall be computed in the manner specified in Paragraph 4, and any reimbursements required to be made by Funds Management shall be made once a year promptly after the end of the Trust’s affected Fund's fiscal year.

Expense Waivers. If in any fiscal year the total expenses of a Fund incurred by, or allocated to, the Fund, excluding taxes, interest, brokerage commissions and other portfolio transaction expenses, other expenditures that are capitalized in accordance with generally accepted accounting principles, extraordinary expenses and amounts accrued or paid under a Rule 12b-1 Plan of the Fund and including only the fees provided for in Paragraph 4 and those provided for pursuant to the Fund’s advisory agreement (“includible expenses”), exceed the applicable voluntary expense waivers, if any, set forth in the Prospectus, Funds Management shall waive or reimburse that portion of the excess derived by multiplying the excess by a fraction, the numerator of which shall be the percentage at which the fee payable pursuant to this Agreement is calculated under Paragraph 4, and the denominator of which shall be the sum of such percentage plus the percentage at which the fee payable pursuant to the Fund's ’s advisory agreement is calculated (the “Applicable Ratio”), but only to the extent of the fee hereunder for the fiscal year. If the fees payable under this Agreement and/or the Fund’s advisory agreement contributing to such excess portion are calculated at more than one percentage rate, the Applicable Ratio shall be calculated separately for and applied separately to the portions of excess attributable to, the period to which a particular percentage rate applied. At the end of each month of the Trust’s fiscal year, the Trust shall review the includible expenses accrued during that fiscal year to the end of that period and shall estimate the includible expenses for the balance of that fiscal year. If as a result of that review and estimation it appears likely that the includible expenses will exceed the limitations referred to in this Paragraph for a fiscal year with respect to the Fund, the monthly fee set forth in Paragraph 4 payable to Funds Management for such month shall be reduced, subject to a later adjustment, by an amount equal to the Applicable Ratio times the estimated excess pro rated over the remaining months of the fiscal year (including the month just ended). For purposes of computing the excess, if any, the value of the Fund’s net assets shall be computed in the manner specified in Paragraph 4, and any reimbursements required to be made by Funds Management shall be made once a year promptly after the end of the Trustaffected Fund’s fiscal year.

Expense Waivers. If in any fiscal year the total expenses of a --------------- Fund incurred by, or allocated to, the Fund, Fund excluding taxes, interest, brokerage commissions and other portfolio transaction expenses, other expenditures that are capitalized in accordance with generally accepted accounting principles, extraordinary expenses and amounts accrued or paid under a Rule 12b-1 Plan of the Fund and Fund, but including only the fees provided for in Paragraph 4 and those provided for pursuant to the Fund’s advisory agreement 's Advisory Agreement (“"includible expenses”"), exceed the applicable voluntary expense waivers, if any, set forth in the Prospectus, Funds Management Xxxxx Fargo shall waive or reimburse that portion of the excess derived by multiplying the excess by a fraction, the numerator of which shall be the percentage at which the excess portion attributable to the fee payable pursuant to this Agreement agreement is calculated under Paragraph 44 hereof, and the denominator of which shall be the sum of such percentage plus the percentage at which the excess portion attributable to the fee payable pursuant to the Fund's advisory agreement Advisory Agreement is calculated (the “"Applicable Ratio”"), but only to the extent of the fee hereunder for the fiscal year. If the fees payable under this Agreement agreement and/or the Fund’s advisory agreement 's Advisory Agreement contributing to such excess portion are calculated at more than one percentage rate, the Applicable Ratio shall be calculated separately for on the basis of, and applied separately to to, the portions of excess attributable to, the period to which a particular percentage rate appliedfees calculated at the different rates. At the end of each month of the Trust’s Stagecoach's fiscal year, the Trust Stagecoach shall review the includible expenses accrued during that fiscal year to the end of that period and shall estimate the includible expenses for the balance of that fiscal year. If as a result of that review and estimation it appears likely that the includible expenses will exceed the limitations referred to in this Paragraph 11 for a fiscal year with respect to the Fund, the monthly fee set forth in Paragraph 4 payable to Funds Management Xxxxx Fargo for such month shall be reduced, subject to a later adjustment, by an amount equal to the Applicable Ratio times the estimated excess pro rated over rata portion (prorated on the basis of the remaining months of the fiscal year (year, including the month just ended)) of the amount by which the includible expenses for the fiscal year are expected to exceed the limitations provided for in this Paragraph 11. For purposes of computing the excess, if any, over the most restrictive applicable expense limitation, the value of the Fund’s 's net assets shall be computed in the manner specified in Paragraph 4, and any reimbursements required to be made by Funds Management Xxxxx Fargo shall be made once a year promptly after the end of the Trust’s Stagecoach's fiscal year.

Expense Waivers. If in any fiscal year the total expenses of a Fund incurred by, or allocated to, the Fund, excluding taxes, interest, brokerage commissions and other portfolio transaction expenses, other expenditures that are capitalized in accordance with generally accepted accounting principles, extraordinary expenses and amounts accrued or paid under a Rule 12b-1 Plan of the Fund and including only the fees provided for in Paragraph 4 and those provided for pursuant to the Fund’s 's advisory agreement (“"includible expenses”"), exceed the applicable voluntary expense waivers, if any, set forth in the Prospectus, Funds Management Xxxxx Fargo shall waive or reimburse that portion of the excess derived by multiplying the excess by a fraction, the numerator of which shall be the percentage at which the fee payable pursuant to this Agreement is calculated under Paragraph 4, and the denominator of which shall be the sum of such percentage plus the percentage at which the fee payable pursuant to the Fund's advisory agreement is calculated (the “"Applicable Ratio”"), but only to the extent of the fee hereunder for the fiscal year. If the fees payable under this Agreement and/or the Fund’s 's advisory agreement contributing to such excess portion are calculated at more than one percentage rate, the Applicable Ratio shall be calculated separately for and applied separately to the portions of excess attributable to, the period to which a particular percentage rate applied. At the end of each month of the Trust’s 's fiscal year, the Trust shall review the includible expenses accrued during that fiscal year to the end of that period and shall estimate the includible expenses for the balance of that fiscal year. If as a result of that review and estimation it appears likely that the includible expenses will exceed the limitations referred to in this Paragraph for a fiscal year with respect to the Fund, the monthly fee set forth in Paragraph 4 payable to Funds Management Xxxxx Fargo for such month shall be reduced, subject to a later adjustment, by an amount equal to the Applicable Ratio times the estimated excess pro rated over the remaining months of the fiscal year (including the month just ended). For purposes of computing the excess, if any, the value of the Fund’s 's net assets shall be computed in the manner specified in Paragraph 4, and any reimbursements required to be made by Funds Management Xxxxx Fargo shall be made once a year promptly after the end of the Trust’s 's fiscal year.

Expense Waivers. If in any fiscal year the total expenses of a Fund --------------- incurred by, or allocated to, the Fund, excluding taxes, interest, brokerage commissions and other portfolio transaction expenses, other expenditures that are capitalized in accordance with generally accepted accounting principles, extraordinary expenses and amounts accrued or paid under a Rule 12b-1 Plan of the Fund and including only the fees provided for in Paragraph 4 and those provided for pursuant to the Fund’s 's advisory agreement (“"includible expenses”"), exceed the applicable voluntary expense waivers, if any, set forth in the Prospectus, Funds Management shall waive or reimburse that portion of the excess derived by multiplying the excess by a fraction, the numerator of which shall be the percentage at which the fee payable pursuant to this Agreement is calculated under Paragraph 4, and the denominator of which shall be the sum of such percentage plus the percentage at which the fee payable pursuant to the Fund's advisory agreement is calculated (the “"Applicable Ratio”"), but only to the extent of the fee hereunder for the fiscal year. If the fees payable under this Agreement and/or the Fund’s 's advisory agreement contributing to such excess portion are calculated at more than one percentage rate, the Applicable Ratio shall be calculated separately for and applied separately to the portions of excess attributable to, the period to which a particular percentage rate applied. At the end of each month of the Trust’s 's fiscal year, the Trust shall review the includible expenses accrued during that fiscal year to the end of that period and shall estimate the includible expenses for the balance of that fiscal year. If as a result of that review and estimation it appears likely that the includible expenses will exceed the limitations referred to in this Paragraph for a fiscal year with respect to the Fund, the monthly fee set forth in Paragraph 4 payable to Funds Management for such month shall be reduced, subject to a later adjustment, by an amount equal to the Applicable Ratio times the estimated excess pro rated over the remaining months of the fiscal year (including the month just ended). For purposes of computing the excess, if any, the value of the Fund’s 's net assets shall be computed in the manner specified in Paragraph 4, and any reimbursements required to be made by Funds Management shall be made once a year promptly after the end of the Trust’s 's fiscal year.

Expense Waivers. If in any fiscal year the total expenses of a Fund --------------- incurred by, or allocated to, the Fund, Fund excluding taxes, interest, brokerage commissions and other portfolio transaction expenses, other expenditures that are capitalized in accordance with generally accepted accounting principles, extraordinary expenses and amounts accrued or paid under a Rule 12b-1 Plan of the Fund and Fund, but including only the fees provided for in Paragraph 4 and those provided for pursuant to the Fund’s advisory agreement 's Advisory Agreement (“"includible expenses”"), exceed the applicable voluntary expense waivers, if any, set forth in the Prospectus, Funds Management Xxxxx Fargo shall waive or reimburse that portion of the excess derived by multiplying the excess by a fraction, the numerator of which shall be the percentage at which the excess portion attributable to the fee payable pursuant to this Agreement agreement is calculated under Paragraph 44 hereof, and the denominator of which shall be the sum of such percentage plus the percentage at which the excess portion attributable to the fee payable pursuant to the Fund's advisory agreement Advisory Agreement is calculated (the “"Applicable Ratio”"), but only to the extent of the fee hereunder for the fiscal year. If the fees payable under this Agreement agreement and/or the Fund’s advisory agreement 's Advisory Agreement contributing to such excess portion are calculated at more than one percentage rate, the Applicable Ratio shall be calculated separately for on the basis of, and applied separately to to, the portions of excess attributable to, the period to which a particular percentage rate appliedfees calculated at the different rates. At the end of each month of the Trust’s Stagecoach's fiscal year, the Trust Stagecoach shall review the includible expenses accrued during that fiscal year to the end of that period and shall estimate the includible expenses for the balance of that fiscal year. If as a result of that review and estimation it appears likely that the includible expenses will exceed the limitations referred to in this Paragraph 11 for a fiscal year with respect to the Fund, the monthly fee set forth in Paragraph 4 payable to Funds Management Xxxxx Fargo for such month shall be reduced, subject to a later adjustment, by an amount equal to the Applicable Ratio times the estimated excess pro rated over rata portion (prorated on the basis of the remaining months of the fiscal year (year, including the month just ended)) of the amount by which the includible expenses for the fiscal year are expected to exceed the limitations provided for in this Paragraph 11. For purposes of computing the excess, if any, over the most restrictive applicable expense limitation, the value of the Fund’s 's net assets shall be computed in the manner specified in Paragraph 4, and any reimbursements required to be made by Funds Management Xxxxx Fargo shall be made once a year promptly after the end of the Trust’s Stagecoach's fiscal year.

Expense Waivers. If in any fiscal year the total expenses of a Fund incurred by, or allocated to, the Fund, excluding taxes, interest, brokerage commissions and other portfolio transaction expenses, other expenditures that are capitalized in accordance with generally accepted accounting principles, extraordinary expenses and amounts accrued or paid under a Rule 12b-1 Plan of the Fund and including only the fees provided for in Paragraph 4 and those provided for pursuant to the Fund’s 's advisory agreement (“"includible expenses”"), exceed the applicable voluntary expense waivers, if any, set forth in the Prospectus, Funds Management shall waive or reimburse that portion of the excess derived by multiplying the excess by a fraction, the numerator of which shall be the percentage at which the fee payable pursuant to this Agreement is calculated under Paragraph 4, and the denominator of which shall be the sum of such percentage plus the percentage at which the fee payable pursuant to the Fund's advisory agreement is calculated (the “"Applicable Ratio”"), but only to the extent of the fee hereunder for the fiscal year. If the fees payable under this Agreement and/or the Fund’s 's advisory agreement contributing to such excess portion are calculated at more than one percentage rate, the Applicable Ratio shall be calculated separately for and applied separately to the portions of excess attributable to, the period to which a particular percentage rate applied. At the end of each month of the Trust’s 's fiscal year, the Trust shall review the includible expenses accrued during that fiscal year to the end of that period and shall estimate the includible expenses for the balance of that fiscal year. If as a result of that review and estimation it appears likely that the includible expenses will exceed the limitations referred to in this Paragraph for a fiscal year with respect to the Fund, the monthly fee set forth in Paragraph 4 payable to Funds Management for such month shall be reduced, subject to a later adjustment, by an amount equal to the Applicable Ratio times the estimated excess pro rated over the remaining months of the fiscal year (including the month just ended). For purposes of computing the excess, if any, the value of the Fund’s 's net assets shall be computed in the manner specified in Paragraph 4, and any reimbursements required to be made by Funds Management shall be made once a year promptly after the end of the Trust’s affected Fund's fiscal year.