Common use of Expenses and Limitations Thereon Clause in Contracts

Expenses and Limitations Thereon. (a) The Trust shall be responsible for the payment of all Organization and Offering Expenses incurred in connection with the creation of the Trust and the sale and distribution of Shares. (b) All ongoing charges, costs and expenses of the Trust’s operation, including the routine expenses associated with (i) preparation of monthly, quarterly, annual and other reports required by applicable U.S. federal and state regulatory authorities; (ii) Trust meetings and preparing, printing and mailing of proxy statements and reports to Shareholders; (iii) routine services of the Resident Delaware Trustee, legal counsel and independent accountants; (iv) routine accounting, transfer agent and bookkeeping services, whether performed by an outside service provider or by Affiliates of the Manager; (v) custody services; (vi) postage and insurance; (vii) client relations and services; (viii) computer equipment and system maintenance; (ix) the Management Fee; and (x) extraordinary expenses (including legal claims and liabilities and litigation costs and any indemnification related thereto) shall be billed to and/or paid by the Trust. The Manager or any Affiliate shall be entitled to reimbursement from the Trust for the actual cost to the Manager or such Affiliate of any expenses which it advanced on behalf of the Trust for which payment the Trust is responsible.

Expenses and Limitations Thereon. (a) The Trust shall be responsible for the payment of all Organization and Offering Expenses incurred in connection with the creation of the Trust and the sale and distribution of Shares. (b) All ongoing charges, costs and expenses of the Trust’s operation, including the routine expenses associated with (i) preparation of monthly, quarterly, annual and other reports required by applicable U.S. federal and state regulatory authorities; (ii) Trust meetings and preparing, printing and mailing of proxy statements and reports to Shareholders; (iii) routine services of the Resident Delaware Trustee, legal counsel and independent accountants; (iv) routine accounting, transfer agent and bookkeeping services, whether performed by an outside service provider or by Affiliates of the Manager; (v) custody services; (vi) postage and insurance; (vii) client relations and services; (viii) computer equipment and system maintenance; (ix) the Management Fee; and (x) extraordinary expenses (including legal claims and liabilities and litigation costs and any indemnification related thereto) shall be billed to and/or paid by the Trust. . (c) The Manager or any Affiliate shall be entitled to reimbursement from the Trust for the actual cost to the Manager or such Affiliate of any expenses which it advanced on behalf of the Trust for which payment the Trust is responsible.

Expenses and Limitations Thereon. (a) The Trust shall be responsible for the payment of all Organization and Offering Expenses incurred in connection with the creation of the Trust and the sale and distribution of Shares. (b) All ongoing charges, costs and expenses of the Trust’s operation, including including, but not limited to, the routine expenses associated with (i) preparation of monthly, quarterly, annual and other reports required by applicable U.S. federal and state regulatory authorities; (ii) Trust meetings and preparing, printing and mailing of proxy statements and reports to Shareholders; (iii) routine services of the Resident Delaware Trustee, legal counsel and independent accountants; (iv) routine accounting, transfer agent and bookkeeping services, whether performed by an outside service provider or by Affiliates of the Manager; (v) custody services; (vi) postage and insurance; (vii) client relations and services; (viii) computer equipment and system maintenance; (ix) the Management Fee; and (x) extraordinary expenses (including including, but not limited to, legal claims and liabilities and litigation costs and any indemnification related thereto) shall be billed to and/or paid by the Trust. The Manager or any Affiliate shall be entitled to reimbursement from the Trust for the actual cost to the Manager or such Affiliate of any expenses which it advanced on behalf of the Trust for which payment the Trust is responsible.