Common use of EXPENSES BORNE BY THE FUNDS Clause in Contracts

EXPENSES BORNE BY THE FUNDS. Notwithstanding any other provision of this Agreement, the Company, each Fund and its administrator may bear the respective expenses to be borne by them under any administrative services agreement, as from time to time in effect under the Company's current prospectus. Except as otherwise contemplated by this Agreement, the Company and each Fund shall not, directly or indirectly, engage in financing any activity which is primarily intended to result in the sale of shares of any Fund. It is recognized that the costs of distributing each Fund's shares may exceed the sum of all sales charges collected on sales of Fund shares and reimbursements made by the Fund pursuant to Article III of this Agreement. In view of this, if and to the extent that any investment management and administration fees paid by a Fund might be considered as indirectly financing any activity which is primarily intended to result in the sale of the Fund's shares, the payment by that Fund of such fees hereby is authorized under this Agreement.

EXPENSES BORNE BY THE FUNDS. Notwithstanding any other provision of this Agreement, the Company, each Fund and its administrator may bear the respective expenses to be borne by them under any administrative services agreement, as from time to time in effect under the Company's current prospectus. Except as otherwise contemplated by this Agreement, the Company and each Fund shall not, directly or indirectly, engage in financing any activity which is primarily intended to or should reasonably result in the sale of shares of any Fund. It is recognized that the costs of distributing each Fund's shares may exceed the sum of all sales charges collected on sales of Fund shares and reimbursements made by the Fund pursuant to Article III of this Agreement. In view of this, if and to the extent that any investment management and administration fees paid by a Fund might be considered as indirectly financing any activity which is primarily intended to result in the sale of the Fund's shares, the payment by that Fund of such fees hereby is authorized under this Agreement.

EXPENSES BORNE BY THE FUNDS. Notwithstanding any other provision of this Agreement, the Company, each Fund and its administrator may bear the respective expenses to be borne by them under any administrative services agreement, as from time to time in effect under the Company's ’s current prospectus. Except as otherwise contemplated by this Agreement, the Company and each Fund shall not, directly or indirectly, engage in financing any activity which is primarily intended to or should reasonably result in the sale of shares of any Fund. It is recognized that the costs of distributing each Fund's ’s shares may exceed the sum of all sales charges collected on sales of Fund shares and reimbursements made by the Fund pursuant to Article III of this Agreement. In view of this, if and to the extent that any investment management and administration fees paid by a Fund might be considered as indirectly financing any activity which is primarily intended to result in the sale of the Fund's ’s shares, the payment by that Fund of such fees hereby is authorized under this Agreement.

EXPENSES BORNE BY THE FUNDS. Notwithstanding any other provision of this Agreement, the Company, each Fund and its administrator may bear the respective expenses to be borne by them under any administrative services agreement, as from time to time in effect under the Company's ’s current prospectus. Except as otherwise contemplated by this Agreement, the Company and each Fund shall not, directly or indirectly, engage in financing any activity which is primarily intended to result in the sale of shares of any Fund. It is recognized that the costs of distributing each Fund's ’s shares may exceed the sum of all sales charges collected on sales of Fund shares and reimbursements made by the Fund pursuant to Article III of this Agreement. In view of this, if and to the extent that any investment management and administration fees paid by a Fund might be considered as indirectly financing any activity which is primarily intended to result in the sale of the Fund's ’s shares, the payment by that Fund of such fees hereby is authorized under this Agreement.