Common use of Expenses Borne by Company Clause in Contracts

Expenses Borne by Company. Except to the extent expressly assumed by Manager herein or under a separate agreement between Company and Manager and except to the extent required by law to be paid by Manager, Manager shall not be obligated to pay any costs or expenses incidental to the organization, operations or business of the Company. Without limitation, such costs and expenses shall include but not be limited to: (a) all charges of depositories, custodians and other agencies for the safekeeping and servicing of its cash, securities, and other property; (b) all charges for equipment or services used for obtaining price quotations or for communication between Manager or Company and the custodian, transfer agent or any other agent selected by Company; (c) all charges for accounting and administrative services provided to Company by a third-party service provider pursuant to an agreement approved by the Directors; (d) all charges for services of Company’s independent auditors and for services to Company by legal counsel; (e) all compensation of Directors, other than those affiliated with Manager, all expenses incurred in connection with their services to Company, and all expenses of meetings of the Directors or committees thereof; (f) all expenses incidental to holding meetings of holders of units of interest in the Company (“Shareholders”), including printing and of supplying each record-date Shareholder with notice and proxy solicitation material, and all other proxy solicitation expense; (g) all expenses of printing of annual or more frequent revisions of Company prospectus(es) and of supplying each then-existing Shareholder with a copy of a revised prospectus; (h) all expenses related to preparing and transmitting certificates representing Company shares; (i) all expenses of bond and insurance coverage required by law or deemed advisable by the Board of Directors; (j) all brokers’ commissions and other normal charges incident to the purchase, sale, or lending of portfolio securities; (k) all taxes and governmental fees payable to Federal, state or other governmental agencies, domestic or foreign, including all stamp or other transfer taxes; (l) all expenses of registering and maintaining the registration of Company under the 1940 Act and, to the extent no exemption is available, expenses of registering Company’s shares under the Securities Act of 1933, of qualifying and maintaining qualification of Company and of Company’s shares for sale under securities laws of various states or other jurisdictions and of registration and qualification of Company under all other laws applicable to Company or its business activities; (m) all interest on indebtedness, if any, incurred by Company or a Fund; and (n) all fees, dues and other expenses incurred by Company in connection with membership of Company in any trade association or other investment company organization.

Expenses Borne by Company. Except to the extent expressly assumed by Manager herein or under a separate agreement between Company and Manager and except to the extent required by law to be paid by Manager, Manager shall not be obligated to pay any costs or expenses incidental to the organization, operations or business of the Company. Without limitation, such costs and expenses shall include but not be limited to: (a) all charges of depositories, custodians and other agencies for the safekeeping and servicing of its cash, securitiesportfolio instruments, and other property; (b) all charges for equipment or services used for obtaining price quotations or for communication between Manager or Company and the custodian, transfer agent custodian or any other agent selected by Company; (c) all charges for and accounting and administrative services provided to Company by a third-party service Manager, or any other provider pursuant to an agreement approved by the Directorsof such services; (d) all charges for services of Company’s independent auditors and for services to Company by legal counsel; (e) all compensation of Directors, other than those affiliated with Manager, all expenses incurred in connection with their services to Company, and all expenses of meetings of the Directors or committees thereof; (f) all expenses incidental to holding meetings of holders of units of interest in the Company (“Shareholders”), including printing and of supplying each record-date Shareholder with notice and proxy solicitation material, and all other proxy solicitation expense; (g) all expenses of printing of annual or more frequent revisions of Company prospectus(es) and of supplying each then-existing Shareholder with a copy of a revised prospectus; (h) all expenses related to preparing and transmitting certificates representing Company shares; (i) all expenses of bond and insurance coverage required by law or deemed advisable by the Board of Directors; (jg) all brokers’ commissions and other normal charges incident to the purchase, sale, or lending of portfolio securitiesinstruments; (kh) all taxes truces and governmental fees payable to Federal, state or other governmental agencies, domestic or foreign, including all stamp or other transfer taxes; (li) all expenses of registering and maintaining the registration of Company and any reporting required by Company under the 1940 Act and, to the extent no exemption is available, expenses of registering Company’s shares under the Securities Act of 1933, of qualifying and maintaining qualification of Company and of Company’s shares for sale under securities laws of various states or other jurisdictions and of registration and qualification of Company under all other laws any applicable to Company or its business activities;jurisdiction; and (mj) all interest on indebtedness, if any, incurred by Company or a Fund; and (n) all fees, dues and other expenses incurred by Company in connection with membership of Company in any trade association or other investment company organizationCompany.

Expenses Borne by Company. Except as otherwise provided in Sections 3.2(h) and 3.8(b) hereof, the Company shall pay all of the expenses incident to the extent expressly assumed Company’s performance of or compliance within this Agreement and any registration under this Agreement, including but not limited to (i) all registration and filing fees, and any other fees and expenses associated with filings required to be made with the Commission, (ii) all fees and expenses of compliance with state securities or “blue sky” laws in jurisdictions designated by Manager herein holders of a majority of the Registrable Securities caused by the Registration Statement or under the managing underwriter, if any, (iii) all printing, duplicating, word processing, messenger, telephone, facsimile and delivery expenses (including expenses of printing certificates for the Registrable Securities in a separate agreement between form eligible for deposit with The Depository Trust Company and Manager of printing prospectuses), (iv) all fees and except to disbursements of counsel for the extent required by law to be paid by Manager, Manager shall not be obligated to pay any costs or expenses incidental to the organization, operations or business Company and of all independent certified public accountants of the Company. Without limitation, such costs and expenses shall include but not be limited to: (av) Securities Act liability insurance or similar insurance if the Company so desires, (vi) all charges of depositories, custodians fees and other agencies for the safekeeping and servicing of its cash, securities, and other property; (b) all charges for equipment or services used for obtaining price quotations or for communication between Manager or Company and the custodian, transfer agent or any other agent selected by Company; (c) all charges for accounting and administrative services provided to Company by a third-party service provider pursuant to an agreement approved by the Directors; (d) all charges for services of Company’s independent auditors and for services to Company by legal counsel; (e) all compensation of Directors, other than those affiliated with Manager, all expenses incurred in connection with their services to Company, and all expenses of meetings the listing of the Directors Registrable Securities on any securities exchange or committees thereof; the quotation of the Registrable Securities on any inter-dealer quotation system and (fvii) all expenses incidental to holding meetings of holders of units of interest in the Company (“Shareholders”), including printing fees and of supplying each record-date Shareholder with notice and proxy solicitation material, and all other proxy solicitation expense; (g) all expenses of printing of annual or more frequent revisions of Company prospectus(es) and of supplying each then-existing Shareholder with a copy of a revised prospectus; (h) all expenses related to preparing and transmitting certificates representing Company shares; (i) all expenses of bond and insurance coverage required by law or deemed advisable by the Board of Directors; (j) all brokers’ commissions and other normal charges incident to the purchase, sale, or lending of portfolio securities; (k) all taxes and governmental fees payable to Federal, state or other governmental agencies, domestic or foreign, including all stamp or other transfer taxes; (l) all expenses of registering and maintaining the registration of Company under the 1940 Act and, to the extent no exemption is available, expenses of registering Company’s shares under the Securities Act of 1933, of qualifying and maintaining qualification of Company and of Company’s shares for sale under securities laws of various states or other jurisdictions and of registration and qualification of Company under all other laws applicable to Company or its business activities; (m) all interest on indebtedness, if any, incurred by Company or a Fund; and (n) all fees, dues and other expenses incurred by the Company in connection with membership of Company while participating in any trade association “road show”. In addition, in all cases the Company shall pay its internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any audit and the fees and expenses of any other Persons retained by the Company, including any special experts. In addition, the Company shall pay all reasonable fees and disbursements of one law firm or other investment company organizationcounsel selected by the holders of a majority of the Registrable Securities being registered.

Expenses Borne by Company. Except to the extent expressly assumed by Manager herein or under a separate agreement between Company and Manager and except to the extent required by law to be paid by Manager, Manager shall not be obligated to pay any costs or expenses incidental to the organization, operations or business of the Company. Without limitation, such costs and expenses shall include but not be limited to: (a) all charges of depositories, custodians and other agencies for the safekeeping and servicing of its cash, securities, and other property; (b) all charges for equipment or services used for obtaining price quotations or for communication between Manager or Company and the custodian, transfer agent or any other agent selected by Company; (c) all charges for accounting and administrative services provided to Company by a third-party service provider pursuant to an agreement approved by the Directors; (d) all charges for services of Company’s independent auditors and for services to Company by legal counsel; (e) all compensation of Directors, other than those affiliated with Manager, all expenses incurred in connection with their services to Company, and all expenses of meetings of the Directors or committees thereof; (f) all expenses incidental to holding meetings of holders shareholders of units of interest in the Company (“Shareholders”), including printing and of supplying each record-date Shareholder with notice and proxy solicitation material, and all other proxy solicitation expense; (g) all expenses of printing of annual or more frequent revisions of Company prospectus(es) and of supplying each then-existing Shareholder with a copy of a revised prospectus; (h) all expenses related to preparing and transmitting certificates representing Company shares; (i) all expenses of bond and insurance coverage required by law or deemed advisable by the Board of Directors; (j) all brokers’ commissions and other normal charges incident to the purchase, sale, or lending of portfolio securities; (k) all taxes and governmental fees payable to Federal, state or other governmental agencies, domestic or foreign, including all stamp or other transfer taxes; (l) all expenses of registering and maintaining the registration of Company under the 1940 Act and, to the extent no exemption is available, expenses of registering Company’s shares under the Securities Act of 1933, of qualifying and maintaining qualification of Company and of Company’s shares for sale under securities laws of various states or other jurisdictions and of registration and qualification of Company under all other laws applicable to Company or its business activities; (m) all interest on indebtedness, if any, incurred by Company or a Fund; and (n) all fees, dues and other expenses incurred by Company in connection with membership of Company in any trade association or other investment company organization.