Common use of EXPENSES BORNE BY FUND Clause in Contracts

EXPENSES BORNE BY FUND. Except to the extent expressly assumed by Administrator herein or under a separate agreement between the Fund and Administrator and except to the extent required by law to be paid by Administrator, the Fund shall pay all costs and expenses incidental to its organization, operations and business. 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 Administrator or the Fund and the custodian, transfer agent or any other agent selected by the Fund; (c) All charges for investment advisory, portfolio management, and accounting services provided to the Fund by the Administrator, or any other provider of such services; (d) All charges for services of the Fund's independent auditors and for services to the Fund by legal counsel; (e) All compensation of Trustees, other than those affiliated with Administrator, all expenses incurred in connection with their services to the Fund, and all expenses of meetings of the Trustees or committees thereof; (f) All expenses incidental to holding meetings of shareholders, including printing and of supplying each record-date shareholder with notice and proxy solicitation material, and all other proxy solicitation expenses; (g) All expenses of printing of annual or more frequent revisions of the Fund's 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 the Fund's shares; (i) All expenses of bond and insurance coverage required by law or deemed advisable by the Board of Trustees; (j) All brokers' commissions and other normal charges incident to the purchase, sale, or lending of Fund 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 the Fund under the 1940 Act and, to the extent no exemption is available, expenses of registering the Fund's shares under the 1933 Act, of qualifying and maintaining qualification of the Fund's shares for sale under securities laws of various states or other jurisdictions and of registration and qualification of the Fund under all other laws applicable to the Fund or its business activities; (m) All interest on indebtedness, if any, incurred by the Fund; and (n) All fees, dues and other expenses incurred by the Fund in connection with membership of the Fund in any trade association or other investment company organization.

EXPENSES BORNE BY FUND. Except to the extent expressly assumed by Administrator herein or under a separate agreement between the Fund and Administrator and except to the extent required by law to be paid by Administrator, the Fund shall pay all costs and expenses incidental to its organization, operations and business. 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 Administrator or the Fund and the custodian, transfer agent or any other agent selected by the Fund; (c) All charges for investment advisory, portfolio management, and accounting services provided to the Fund by the Administrator, or any other provider of such services; ; (d) All charges for services of the Fund's independent auditors and for services to the Fund by legal counsel; ; (e) All compensation of Trustees, other than those affiliated with Administrator, all expenses incurred in connection with their services to the Fund, and all expenses of meetings of the Trustees or committees thereof; ; (f) All expenses incidental to holding meetings of shareholders, including printing and of supplying each record-date shareholder with notice and proxy solicitation material, and all other proxy solicitation expenses; ; (g) All expenses of printing of annual or more frequent revisions of the Fund's 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 the Fund's shares; ; (i) All expenses of bond and insurance coverage required by law or deemed advisable by the Board of Trustees; (j) All brokers' commissions and other normal charges incident to the purchase, sale, or lending of Fund 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 the Fund under the 1940 Act and, to the extent no exemption is available, expenses of registering the Fund's shares under the 1933 Act, of qualifying and maintaining qualification of the Fund's shares for sale under securities laws of various states or other jurisdictions and of registration and qualification of the Fund under all other laws applicable to the Fund or its business activities; ; (m) All interest on indebtedness, if any, incurred by the Fund; and and (n) All fees, dues and other expenses incurred by the Fund in connection with membership of the Fund in any trade association or other investment company organization.

EXPENSES BORNE BY FUND. Except to the extent expressly assumed by Administrator herein or under a separate agreement between the Fund and Administrator and except to the extent required by law to be paid by Administrator, the Fund shall pay all costs and expenses incidental to its organization, operations and business. 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 Administrator or the Fund and the custodian, transfer agent or any other agent selected by the Fund; (c) All charges for investment advisory, portfolio management, and accounting services provided to the Fund by the Administrator, or any other provider of such services; (d) All charges for services of the Fund's independent auditors and for services to the Fund by legal counsel; (e) All compensation of Trustees, other than those affiliated with Administrator, all expenses incurred in connection with their services to the Fund, and all expenses of meetings of the Trustees or committees thereof; (f) All expenses incidental to holding meetings of shareholders, including printing and of supplying each record-date shareholder with notice and proxy solicitation material, and all other proxy solicitation expenses; (g) All expenses of printing of annual or more frequent revisions of the Fund's 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 the Fund's shares; (i) All expenses of bond and insurance coverage required by law or deemed advisable by the Board of Trustees; (j) All brokers' commissions and other normal charges incident to the purchase, sale, or lending of Fund 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 the Fund under the 1940 Act and, to the extent no exemption is available, expenses of registering the Fund's shares under the 1933 Act, of qualifying and maintaining qualification of the Fund's shares for sale under securities laws of various states or other jurisdictions and of registration and qualification of the Fund under all other laws applicable to the Fund or its business activities; (m) All interest on indebtedness, if any, incurred by the Fund; and (n) All fees, dues and other expenses incurred by the Fund in connection with membership of the Fund in any trade association or other investment company organization. 5. ALLOCATION OF EXPENSES BORNE BY THE FUND. Any expenses borne by the Fund that are attributable solely to the organization, operation or business of the Fund shall be paid solely out of Fund assets.