Common use of EXPENSES ASSUMED BY THE FUND Clause in Contracts

EXPENSES ASSUMED BY THE FUND. Except as otherwise specifically stated in this Agreement, GFS shall pay all expenses incurred by it in performing the Services under this Agreement. The Fund will bear out-of-pocket expenses incurred by GFS under this Agreement and all other expenses incurred in the operation of the Fund (other than those borne by the investment adviser to the Fund) including, but not limited to: (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 investment adviser or GFS; (e) SEC fees (including XXXXX filing fees); (f) state blue sky registration or qualification fees; (g) advisory fees; (h) charges of custodians; (i) transfer and dividend disbursing agents’ fees; (j) 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, Fund meetings and related expenses; (p) Fund legal fees; and (q) any extraordinary expenses.

EXPENSES ASSUMED BY THE FUND. Except as otherwise specifically stated in this Agreement, GFS shall pay all expenses incurred by it in performing the Services under this Agreement. The Fund will bear out-of-pocket expenses incurred by GFS under this Agreement and all other expenses incurred in the operation of the Fund (other than those borne by the investment adviser to the Fund) including, but not limited to: (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 investment adviser or GFS; (e) SEC fees (including XXXXX filing fees); (f) state blue sky registration or qualification fees; (g) advisory fees; (h) charges of custodians; (i) transfer and dividend disbursing agents’ ' fees; (j) 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, Fund meetings and related expenses; (p) Fund legal fees; and (q) any extraordinary expenses.

EXPENSES ASSUMED BY THE FUND. Except as otherwise specifically stated in this Agreement, GFS shall pay all expenses incurred by it in performing the Services under this Agreement. The Fund will bear out-of-pocket expenses incurred by GFS under this Agreement and all other expenses incurred in the operation of the Fund (other than those borne by the investment adviser to the Fund) including, but not limited to: (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 investment adviser or GFS; (e) SEC fees (including XXXXX filing fees); (f) state blue sky registration or qualification filing fees; (g) advisory fees; (h) charges of custodians; (i) transfer and dividend disbursing agents’ fees; (j) 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, Fund meetings and related expenses; (p) Fund legal fees; and (q) any extraordinary expenses.

EXPENSES ASSUMED BY THE FUND. Except as otherwise specifically stated in this Agreement, GFS shall pay all expenses incurred by it in performing the Services under this Agreement. The Fund will bear out-of-pocket expenses incurred by GFS under this Agreement and all other expenses incurred in the operation of the Fund (other than those borne by the investment adviser to the Fund) including, but not limited to: (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 investment adviser or GFS; (e) SEC fees (including XXXXX EXXXX filing fees); (f) state blue sky registration or qualification fees; (g) advisory fees; (h) charges of custodians; (i) transfer and dividend disbursing agents’ ' fees; (j) 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, Fund meetings and related expenses; (p) Fund legal fees; and (q) any extraordinary expenses.

EXPENSES ASSUMED BY THE FUND. Except as otherwise specifically stated in this Agreement, GFS shall pay all expenses incurred by it in performing the Services under this Agreement. The Fund will bear out-of-pocket expenses incurred by GFS under this Agreement and all other expenses incurred in the operation of the Fund (other than those borne by the investment adviser to the Fund) including, but not limited to: (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 investment adviser or GFS; (e) SEC fees (including XXXXX EXXXX filing fees); (f) state blue sky registration or qualification filing fees; (g) advisory fees; (h) charges of custodians; (i) transfer and dividend disbursing agents’ ' fees; (j) 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, Fund meetings and related expenses; (p) Fund legal fees; and (q) any extraordinary expenses.