Common use of Expenses Borne by the Fund Clause in Contracts

Expenses Borne by the Fund. Except to the extent expressly assumed by Manager herein or under a separate agreement between the Fund 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 Fund. Without limitation, costs and expenses for which the Manager shall have no obligation shall include but not be limited to: (a) all charges of depositories, custodians and other agencies for the safekeeping and servicing of the Fund's cash, securities, and other property; (b) all charges for equipment or services used for obtaining price quotations or for communication between Manager or Fund and the custodian, transfer agent or any other agent selected by the Fund; (c) all charges for and accounting services provided to the Fund by Manager, 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 Manager, 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 expense; (g) all expenses of printing of annual or more frequent revisions of the Fund's prospectus; (h) all expenses related to preparing, printing and transmitting certificates representing Fund shares; (i) all expenses of bond and insurance coverage required by law or deemed advisable by the Trustees; (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 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 and 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 expenses incurred in making periodic repurchase offers for Fund shares, pursuant to Rule 23c-3 under the 1940 Act or otherwise, and in effectuating repurchases pursuant to any such offer; and (o) 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 the Fund. Except to the extent expressly assumed by Manager herein or under a separate agreement between the Fund 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 Fund. Without limitation, costs and expenses for which the Manager shall have no obligation shall include but not be limited to: (a) all charges of depositories, custodians and other agencies for the safekeeping and servicing of the Fund's ’s cash, securities, and other property; (b) all charges for equipment or services used for obtaining price quotations or for communication between Manager or Fund and the custodian, transfer agent or any other agent selected by the Fund; (c) all charges for and accounting services provided to the Fund by Manager, or any other provider of such services; (d) all charges for services of the Fund's ’s independent auditors and for services to the Fund by legal counsel; (e) all compensation of Trustees, other than those affiliated with Manager, 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 expense; (g) all expenses of printing of annual or more frequent revisions of the Fund's ’s prospectus; (h) all expenses related to preparing, printing and transmitting certificates representing Fund shares; (i) all expenses of bond and insurance coverage required by law or deemed advisable by the Trustees; (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 the Fund under the 1940 Act and, to the extent no exemption is available, expenses of registering the Fund's ’s shares under the 1933 Act, of qualifying and maintaining qualification of the Fund and of the Fund's ’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 expenses incurred in making periodic repurchase offers for Fund sharesconnection with the listing and trading of the Fund’s shares on a national securities exchange; (o) all expenses in connection with the rating, pursuant or proposed rating by any nationally recognized statistical rating organization of any security issues or proposed to Rule 23c-3 under be issued by the 1940 Act or otherwise, and in effectuating repurchases pursuant to any such offerFund; and (op) 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 the Fund. Except to the extent expressly assumed by Manager herein or under a separate agreement between the Fund 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 Fund. Without limitation, costs and expenses for which the Manager shall have no obligation shall include but not be limited to: (a) all charges of depositories, custodians and other agencies for the safekeeping and servicing of the Fund's cash, securities, and other property; (b) all charges for equipment or services used for obtaining price quotations or for communication between Manager or Fund and the custodian, transfer agent or any other agent selected by the Fund; (c) all charges for and accounting services provided to the Fund by Manager, 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 Manager, 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 expense; (g) all expenses of printing of annual or more frequent revisions of the Fund's prospectus; (h) all expenses related to preparing, printing and transmitting certificates representing Fund shares; (i) all expenses of bond and insurance coverage required by law or deemed advisable by the Trustees; (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 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 and 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 expenses incurred in making periodic repurchase offers for Fund sharesconnection with the listing and trading of the Fund's shares on a national securities exchange; (o) all expenses in connection with the rating, pursuant or proposed rating by any nationally recognized statistical rating organization of any security issued or proposed to Rule 23c-3 under be issued by the 1940 Act or otherwise, and in effectuating repurchases pursuant to any such offerFund; and (op) 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 the Fund. Except to the extent expressly assumed by Manager herein or under a separate agreement between the Fund 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 Fund. Without limitation, costs and expenses for which the Manager shall have no obligation shall include but not be limited to: (a) all charges of depositories, custodians and other agencies for the safekeeping and servicing of the Fund's cash, securities, and other property; (b) all charges for equipment or services used for obtaining price quotations or for communication between Manager or Fund and the custodian, transfer agent or any other agent selected by the Fund; (c) all charges for and accounting services provided to the Fund by Manager, 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 Manager, 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 expense; (g) all expenses of printing of annual or more frequent revisions of the Fund's prospectus; (h) all expenses related to preparing, printing and transmitting certificates representing Fund shares; (i) all expenses of bond and insurance coverage required by law or deemed advisable by the Trustees; (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 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 and 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 expenses incurred in making periodic repurchase offers for Fund sharesconnection with the listing and trading of the Fund's shares on a national securities exchange; (o) all expenses in connection with the rating, pursuant or proposed rating by any nationally recognized statistical rating organization of any security issues or proposed to Rule 23c-3 under be issued by the 1940 Act or otherwise, and in effectuating repurchases pursuant to any such offerFund; and (op) 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 the Fund. Except to the extent expressly assumed by Manager herein or under a separate agreement between the Fund 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 Fund. Without limitation, costs and expenses for which the Manager shall have no obligation shall include but not be limited to: (a) all charges of depositories, custodians and other agencies for the safekeeping and servicing of the Fund's cash, securities, and other property; (b) all charges for equipment or services used for obtaining price quotations or for communication between Manager or Fund and the custodian, transfer agent or any other agent selected by the Fund; (c) all charges for and accounting services provided to the Fund by Manager, 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 Manager, 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 expense; (g) all expenses of printing of annual or more frequent revisions of the Fund's prospectus; (h) all expenses related to preparing, printing and transmitting certificates representing Fund shares; (i) all expenses of bond and insurance coverage required by law or deemed advisable by the Trustees; (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 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 and 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 expenses incurred in making periodic repurchase offers for Fund sharesconnection with the listing and trading of the Fund's shares on a national securities exchange; (o) all expenses in connection with the rating, pursuant or proposed rating by any nationally recognized statistical rating organization of any security issues or proposed to Rule 23c-3 under be issued by the 1940 Act or otherwise, and in effectuating repurchases pursuant to any such offerFund; and (op) 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.