Expenses of the Corporation. The Corporation shall bear all costs and expenses of registering the Shares with the Securities and Exchange Commission and state and other regulatory bodies, and shall assume expenses related to communications with shareholders of the Corporation, including (i) fees and disbursements of its counsel and its independent registered public accounting firm; (ii) the preparation, filing, and printing of registration statements and/or prospectuses or statements of additional information required under the Federal securities laws; (iii) the preparation and mailing of annual and interim reports, prospectuses, statements of additional information, and proxy materials to shareholders; and (iv) the qualifications of Shares for sale under the securities laws of such jurisdictions as shall be selected by the Corporation and the Distributor pursuant to Paragraph 6(e) hereof, and the costs and expenses payable to each such jurisdiction for continuing qualification therein.
Expenses of the Corporation. The Corporation shall pay all expenses other than those expressly assumed by the Advisor herein, which expenses payable by the Corporation shall include, but are not limited to:
a. Fees to the Advisor as provided herein;
b. Legal and audit expenses;
c. Fees and expenses related to the registration and qualification of the Corporation and its shares for distribution under federal and state securities laws;
d. Expenses of the administrative services agent, transfer agent, registrar, custodian, dividend disbursing agent and shareholder servicing agent;
e. Any telephone charges associated with shareholder servicing or the maintenance of the Funds or Corporation;
f. Salaries, fees and expenses of Directors and executive officers of the Corporation, other than Advisor Employees;
g. Taxes and corporate fees levied against the Corporation;
h. Brokerage commissions and other expenses associated with the purchase and sale of portfolio securities for the Corporation;
i. Expenses, including interest, of borrowing money;
j. Expenses incidental to meetings of the Corporation's shareholders and the maintenance of the Corporation's organizational existence;
k. Expenses of printing stock certificates representing shares of the Corporation and expenses of preparing, printing and mailing notices, proxy material, reports to regulatory bodies and reports to shareholders of the Corporation;
l. Expenses of preparing and typesetting of prospectuses of the Corporation;
m. Expenses of printing and distributing prospectuses to shareholders of the Corporation;
n. Association membership dues;
o. Insurance premiums for fidelity and other coverage;
p. Distribution Plan expenses, as permitted by Rule 12b-1 under the 1940 Act and as approved by the Board; and
q. Such other legitimate Corporation expenses as the Board of Directors may from time to time determine are properly chargeable to the Corporation.
Expenses of the Corporation. The Corporation shall bear all costs and expenses of registering the Shares with the Securities and Exchange Commission and state and other regulatory bodies, and shall assume expenses related to communications with shareholders of each Series, including (i) fees and disbursements
Expenses of the Corporation. Except for those expenses agreed to be paid by the Adviser or the Administrator pursuant to Sections VIII.B. and IX of this Agreement, the Corporation shall pay all of its expenses including, without limitation, the following expenses:
1. Compensation to be paid to the Adviser pursuant to this Agreement;
2. Interest and taxes;
3. Brokerage commissions and other costs in connection with the purchase or sale of securities, commodities, and other investments for the Corporation, including portions of commissions that may be paid to reflect brokerage research services provided to the Adviser;
4. Fees and expenses of its directors (other than those who are "interested persons" of the Corporation or the Adviser);
5. Fees and expenses of the Corporation's independent public accountants;
6. Transfer agent, custodian, and dividend disbursement agent fees and expenses;
7. Fees of dividend, accounting and pricing agents appointed by the Corporation;
8. Fees and expenses related to the registration and qualification of the Corporation and its shares for distribution under state and federal securities laws;
9. All costs attributable to investor services, administering shareholder accounts and handling shareholder relations (including, without limitation, telephone and personnel expenses);
10. Fees and assessments of the Investment Company Institute or any successor organization or other association memberships approved by the Board;
11. Expenses of preparing and typesetting prospectuses;
12. Expenses of printing and mailing prospectuses sent to existing shareholders;
13. All expenses incident to the payment of any dividend, distribution, or redemption, whether in shares of the Fund or in cash;
14. Insurance premiums on property or personnel (including, without limitation, officers and directors of the Corporation which inure to its benefit);
15. Such nonrecurring or extraordinary expenses as may arise, including, without limitation, litigation expenses affecting the Corporation and any indemnification by the Corporation of its officers, directors or agents with respect thereto;
16. All costs attributable to periodic shareholder reports (including, without limitation, annual and semi-annual reports);
17. All costs attributable to proxy solicitations;
18. Attorneys' fees of the Corporation; and
19. Such other expenses that the Board, from time to time, determines are properly payable by the Corporation.
Expenses of the Corporation. 1. Each Fund, or class thereof, shall bear all expenses in connection with preparing and typesetting the Corporation’s prospectuses, statements of additional information, reports to shareholders, and other materials, related to communications of such class or Fund with existing shareholders.
Expenses of the Corporation. The Corporation shall pay the following expenses of the Corporation (except to the extent that the Advisor is responsible for any such expenses as tenant of any property leased from the Corporation):
a. the cost of money borrowed by the Corporation;
b. taxes on income and taxes and assessments on real property and all other taxes applicable to the Corporation, including without limitation, franchise and excise taxes and fees;
c. except as provided in Section 11 hereof, all ordinary and necessary expenses incurred with respect to and allocable to the prudent operation and business of the Corporation, including without limitation, any fees, salaries and other employment costs, taxes and expenses paid to Directors, officers and employees of the Corporation who are not also employees of the Advisor;
d. fees and expenses paid to independent contractors, appraisers, consultants, attorneys, managers and other agents retained by or on behalf of the Corporation and expenses directly connected with the acquisition, financing, refinancing, disposition and ownership of real estate interests or other property (including insurance premiums, legal services, brokerage and sales commissions, maintenance, repair and improvement of property);
e. insurance as required by the Directors (including Directors' liability insurance);
f. expenses connected with payments of dividends or distributions in cash or any other form made or caused to be made by the Directors to shareholders of the Corporation and expenses connected with payments of interest to holders of the Corporation's Debentures;
g. all expenses connected with communications to holders of securities of the Corporation and the other bookkeeping and clerical work necessary in maintaining relations with holders of securities, including the cost of printing and mailing certificates for securities and proxy solicitation materials and reports to holders of the Corporation's securities;
h. transfer agent's, registrar's, dividend disbursing agent's, dividend reinvestment plan agent's and indenture trustee's fees and charges;
i. legal, auditing, accounting, underwriting, brokerage, listing, registration and other fees and printing, engraving and other expenses and taxes incurred in connection with the organization of the Corporation and the issuance, distribution, transfer, registration and listing of the Corporation's securities.
Expenses of the Corporation. It is understood that the Corporation will pay all of its own expenses other than those expressly assumed by the Manager herein, which expenses payable by the Corporation shall include:
A. Fees and expenses paid to the Manager as provided herein;
B. Expenses of all audits of the Corporation by independent public accountants;
C. Expenses of transfer agent, registrar, custodian, dividend disbursing agent and shareholder record-keeping services, including the expenses of issue, repurchase or redemption of shares with respect to the Corporation;
D. Expenses of obtaining quotations for calculating the value of the Corporation’s net assets;
E. Salaries and other compensations of executive officers of the Corporation who are not officers, directors, stockholders or employees of the Manager or its affiliates;
F. Taxes levied against the Corporation;
G. Brokerage fees and commissions in connection with the purchase and sale of securities for the Corporation;
H. Costs, including the interest expense, of borrowing money;
I. Costs incident to the filing of reports with regulatory bodies and the maintenance of the Corporation’s and the Corporation’s legal existence, except as otherwise agreed to by the Corporation, and the Manager or its affiliates;
J. Legal fees;
K. Trade association dues;
L. The Corporation’s pro rata portion of fidelity bond, errors and omissions, and director and officer liability insurance premiums; and
M. The Corporation’s portion of the cost of any proxy voting service used on its behalf.
Expenses of the Corporation. The Corporation shall pay the following expenses of the Corporation (except to the extent that the Advisor is responsible for any such expenses as tenant of any property leased from the Corporation):
(a) dividends
(b) the cost of money borrowed by the Corporation, including interest on debentures;
(c) taxes on income and taxes and assessments on real property and all other taxes applicable to the Corporation, including without limitation, franchise and excise fees;
(d) except as provided in Section 12 hereof, all ordinary and necessary expenses incurred with respect to and allocable to the prudent operation and business of the Corporation, including without limitation, any fees, salaries and other employment costs, taxes and expenses paid to Directors, officers and employees of the Corporation who are not also employees of the Advisor;
Expenses of the Corporation. In addition to Management Services Fees payable to the Consultant pursuant to this Agreement, the Corporation shall pay all fees and expenses incurred in connection with the operation and administration of the Corporation’s business including, without limitation: (i) fees and expenses payable to the directors of the Corporation to be agreed annually with the directors of the Corporation; (ii) fees payable to custodians; (iii) legal and audit fees and expenses payable to the Corporation’s external legal counsel and auditors; (iv) insurance fees;
Expenses of the Corporation. Sel-Leb and Xxxx Xxxxxxx shall bear equal responsibility and liability for all direct expenses associated with the activities of the Corporation. The Corporation shall, within fifteen days of its receipt of an expense receipt or voucher, reimburse any Shareholder, Director or Officer for any direct expense made by said Shareholder, Director or Officer. Indirect expenses such as office overhead shall be borne exclusively by Sel-Leb. All legal work for the Corporation shall be performed by Xxxxxxxxx without compensation. Notwithstanding the foregoing, Xxxxxxxxx shall be reimbursed by the Corporation for all disbursements made by him on behalf of the Corporation in furtherance of his legal duties.
