Common use of Expenses of Reorganization Clause in Contracts

Expenses of Reorganization. The expenses relating to the proposed Reorganization will be paid by the Advisor. The costs of the Reorganization shall include, but not be limited to, costs associated with obtaining any necessary order of exemption from the 1940 Act, legal fees and accounting fees with respect to the Reorganization, costs related to obtaining any necessary shareholder or partner approvals (including related legal fees and accounting fees, costs of preparing any proxy or information statements, costs of holding shareholder or partner meetings), and all necessary taxes in connection with the delivery of the Assets, including all applicable federal and state stock transfer stamps. Notwithstanding any of the foregoing, expenses will in any event be paid by the party directly incurring such expenses if and to the extent that the payment by another person of such expenses would result in the disqualification of such party as a “regulated investment company” within the meaning of Section 851 of the Code.

Expenses of Reorganization. The expenses relating to the proposed Reorganization will be paid borne by the AdvisorNew York Life Investments, Cornerstone and Cornerstone LLC, as agreed between them. The costs of the Reorganization shall include, but not be limited to, costs associated with obtaining any necessary order of exemption from the 1940 Act, preparation, printing and distribution of the Proxy Statement, legal fees and accounting fees with respect to the ReorganizationReorganization and the Proxy Statement, costs related to obtaining any necessary shareholder or partner approvals (including related legal fees and accounting fees, costs of preparing any proxy or information statements, costs expenses of holding shareholder or partner meetings), meetings and all necessary taxes in connection with the delivery of the Assets, including all applicable federal and state stock transfer stamps. Notwithstanding any of the foregoing, expenses will in any event be paid by the party directly incurring such expenses if and to the extent that the payment by another person of such expenses would result in the disqualification of such party as a “regulated investment company” within the meaning of Section 851 of the Code.