Common use of Expenses Borne by the Adviser Clause in Contracts

Expenses Borne by the Adviser. The Adviser at its own expense shall furnish all executive and other personnel, office space, and office facilities required to render the investment management and administrative services set forth in this Agreement. The Adviser shall pay all expenses of establishing, maintaining, and servicing the accounts of Unitholders in each Fund. However, the Adviser shall not be required to pay or provide any credit for services provided by the Trust's custodian or other agents without additional cost to the Trust. In the event that the Adviser pays or assumes any expenses of the Trust or a Fund not required to be paid or assumed by the Adviser under this Agreement, the Adviser shall not be obligated hereby to pay or assume the same or similar expense in the future; provided that nothing contained herein shall be deemed to relieve the Adviser of any obligation to the Trust or a Fund under any separate agreement or arrangement between the parties.

Expenses Borne by the Adviser. The Adviser at its own expense shall furnish all executive and other personnel, office space, and office facilities required to render the investment management and administrative services set forth in this Agreement. The Adviser shall pay all expenses of establishing, maintaining, and servicing the accounts of Unitholders in each Fund. However, the Adviser shall not be required to pay or provide any credit for services provided by the Trust's custodian or other agents without additional cost to the Trust. In the event that the Adviser pays or assumes any expenses of the Trust or a Fund not required to be paid or assumed by the Adviser under this Agreement, the Adviser shall not be obligated hereby to pay or assume the same or similar expense in the future; provided that nothing contained herein shall be deemed to relieve the Adviser of any obligation to the Trust or a Fund under any separate agreement or arrangement between the parties.