Common use of EXPENSES ASSUMED AS ADMINISTRATOR Clause in Contracts

EXPENSES ASSUMED AS ADMINISTRATOR. Except as otherwise specifically stated in this Agreement, GFS shall pay all expenses incurred by it in performing its services and duties as administrator. The Trust will bear all other expenses to be incurred in the operation of the Funds (other than those borne by the Adviser) including: (a) taxes; (b) interest; (c) brokerage fees and commissions, if any; (d) fees for Trustees who are not officers, directors, partners, employees or holders of five percent (5%) or more of the outstanding voting securities of the Advisers or GFS or any of their affiliates; (e) Securities and Exchange Commission fees; (f) state blue sky registration or qualification fees; (g) advisory fees; (h) charges of custodians; (i) transfer and dividend disbursing agents' fees; (j) certain insurance premiums; (k) outside auditing and legal expenses; (l) costs of maintaining trust existence; (m) costs attributable to shareholder services, including without limitation telephone and personnel expenses; (n) costs of preparing and printing Prospectuses for regulatory purposes; (o) costs of shareholders' reports and Trust meetings; (p) Trust legal fees; and (q) any extraordinary expenses.

EXPENSES ASSUMED AS ADMINISTRATOR. Except as otherwise specifically stated in this Agreement, GFS shall pay all expenses incurred by it in performing its services and duties as administrator. The Trust will bear all other expenses to be incurred in the operation of the Funds (other than those borne by the Adviser) including: (a) taxes; (b) interest; (c) brokerage fees and commissions, if any; (d) fees for Trustees who are not officers, directors, partners, employees or holders of five percent (5%) or more of the outstanding voting securities of the Advisers Adviser or GFS or any of their affiliates; (e) Securities and Exchange Commission fees; (f) state blue sky registration or qualification fees; (g) advisory fees; (h) charges of custodians; (i) transfer and dividend disbursing agents' fees; (j) certain insurance premiums; (k) outside auditing and legal expenses; (l) costs of maintaining trust existence; (m) costs attributable to shareholder services, including without limitation telephone and personnel expenses; (n) costs of preparing and printing Prospectuses for regulatory purposes; (o) costs of shareholders' reports and Trust meetings; (p) Trust legal fees; and (q) any extraordinary expenses.

EXPENSES ASSUMED AS ADMINISTRATOR. Except as otherwise specifically stated in this Agreement, GFS shall pay all expenses incurred by it in performing its services and duties as administrator. The Trust Company will bear all other expenses to be incurred in the operation of the Funds (other than those borne by the Adviser) including: (a) taxes; (b) interest; (c) brokerage fees and commissions, if any; (d) fees for Trustees Directors who are not officers, directors, partners, employees or holders of five percent (5%) or more of the outstanding voting securities of the Advisers or GFS or any of their affiliates; (e) Securities and Exchange Commission fees; (f) state blue sky registration or qualification fees; (g) advisory fees; (h) charges of custodians; (i) transfer and dividend disbursing agents' fees; (j) certain insurance premiums; (k) outside auditing and legal expenses; (l) costs of maintaining trust Company existence; (m) costs attributable to shareholder services, including without limitation telephone and personnel expenses; (n) costs of preparing and printing Prospectuses for regulatory purposes; (o) costs of shareholders' reports and Trust Company meetings; (p) Trust Company legal fees; and (q) any extraordinary expenses.

EXPENSES ASSUMED AS ADMINISTRATOR. Except as otherwise specifically stated in this Agreement, GFS shall pay all expenses incurred by it in performing its services and duties as administrator. The Trust will bear all other expenses to be incurred in the operation of the Funds (other than those borne by the Adviser) including: (a) taxes; (b) interest; (c) brokerage fees and commissions, if any; (d) fees for Trustees who are not officers, directors, partners, employees or holders of five percent (5%) or more of the outstanding voting securities of the Advisers or GFS or any of their affiliates; (e) Securities and Exchange Commission fees; (f) state blue sky registration or qualification fees; (g) advisory fees; (h) charges of custodians; (i) transfer and dividend disbursing agents' fees; (j) certain insurance premiums; (k) outside auditing and legal expenses; (l) costs of maintaining trust existence; (m) costs attributable to shareholder services, including without limitation telephone and personnel expenses; (n) costs of preparing and printing Prospectuses for regulatory purposes; (o) costs of shareholders' reports and Trust meetings; (p) Trust legal fees; and (qp) any extraordinary expenses.

EXPENSES ASSUMED AS ADMINISTRATOR. Except as otherwise specifically stated in this Agreement, GFS shall pay all expenses incurred by it in performing its services and duties as administrator. The Trust Fund will bear all other expenses to be incurred in the operation of the Funds (other than those borne by the Adviser) Fund including: (a) taxes; (b) interest; (c) brokerage fees and commissions, if any; (d) fees for Trustees Directors who are not officers, directors, partners, employees or holders of five percent (5%) or more of the outstanding voting securities of the Advisers or GFS or any of their affiliates; (e) Securities and Exchange Commission fees; (f) state blue sky registration or qualification feessalaries of the Fund’s employees; (g) advisory fees; (h) charges of custodians; (ih) transfer and dividend disbursing agents' ’ fees; (ji) certain insurance premiums; (kj) outside auditing and legal expenses; (lk) costs of maintaining trust Fund existence; (ml) costs attributable to shareholder services, including without limitation telephone and personnel expenses; (nm) costs of preparing and printing Prospectuses for regulatory purposes; (on) costs of shareholders' ’ reports and Trust Fund meetings; (po) Trust Fund legal fees; and (qp) any extraordinary expenses.

EXPENSES ASSUMED AS ADMINISTRATOR. Except as otherwise specifically stated in this Agreement, GFS shall pay all expenses incurred by it in performing its services and duties as administrator. The Trust Company will bear all other expenses to be incurred in the operation of the Funds (other than those borne by the AdviserAdviser as stated in the Fund's current Prospectus and Statement of Additional Information) including: (a) taxes; (b) interest; (c) brokerage fees and commissions, if any; (d) fees for Trustees Directors who are not officers, directors, partners, employees or holders of five percent (5%) or more of the outstanding voting securities of the Advisers or GFS or any of their affiliates; (e) Securities and Exchange Commission fees; (f) state blue sky registration or qualification fees; (g) advisory fees; (h) charges of custodians; (i) transfer and dividend disbursing agents' fees; (j) certain insurance premiums; (k) outside auditing and legal expenses; (l) costs of maintaining trust Company existence; (m) costs attributable to shareholder services, including without limitation telephone and personnel expenses; (n) costs of preparing and printing Prospectuses for regulatory purposes; (o) costs of shareholders' reports and Trust Company meetings; (p) Trust Company legal fees; and (q) any extraordinary expenses.