Common use of Expenses of the Sub-Adviser Clause in Contracts

Expenses of the Sub-Adviser. During the term of this Agreement, the Sub-Adviser will retain responsibility for expenses incurred by it in connection with the performance of its services under this Agreement other than the cost of securities, brokerage commissions, custodian fees, auditor’s fees, taxes, interest, expenses that are undertaken by the Adviser or the Trust and other expenses related to the operation of the Trust or the Fund.

Expenses of the Sub-Adviser. During the term of this Agreement, the Sub-Adviser will retain responsibility for expenses incurred by it in connection with the performance of its services under this Agreement other than the cost of securities, brokerage commissions, custodian fees, auditor’s 's fees, taxes, interest, expenses that are undertaken by the Adviser or the Trust and other expenses related to the operation of the Trust or the Fund.

Expenses of the Sub-Adviser. During the term of this Agreement, the Sub-Adviser will retain responsibility for expenses incurred by it in connection with the performance of its services under this Agreement other than the cost of securities, brokerage commissions, custodian fees, auditor’s fees, taxes, interest, expenses that are undertaken by the Adviser or the Trust and other expenses related to the operation of the Trust or the a Fund.

Expenses of the Sub-Adviser. During the term of this Agreement, the Sub-Adviser will retain responsibility for pay all expenses incurred by it in connection with the performance of its services activities under this Agreement other than the cost of securities, securities and investments purchased for the Funds (including taxes and brokerage commissions, custodian feesif any). Notwithstanding the foregoing, auditor’s fees, taxes, interest, the Sub-Adviser is not obligated to pay the compensation or expenses that are undertaken by the Adviser or the Trust and other expenses related to the operation of the Trust or Trust's Chief Compliance Officer, regardless of whether the FundChief Compliance Officer is affiliated with the Sub-Adviser.

Expenses of the Sub-Adviser. During the term of this Agreement, the Sub-Adviser will retain responsibility for pay all expenses incurred by it in connection with the performance of its services activities under this Agreement other than the cost of securitiessecurities and investments purchased, retained or sold for the Funds (including, without limitation taxes and brokerage commissions, custodian interest on margin borrowing, custodial fees, auditor’s feesdividends payable with respect to securities sold short, taxesinterest on account-related loans and debit balances, interest, expenses that are undertaken by the Adviser or the Trust and if any). All other expenses related to be incurred in the operation of each Fund will be borne by that Fund, except to the Trust or extent specifically assumed by the FundSub-Adviser.

Expenses of the Sub-Adviser. During the term of this Agreement, the Sub-Adviser will retain responsibility for expenses incurred by it in connection with the performance of its services under this Agreement other than the cost of securities, brokerage commissions, custodian fees, auditor’s 's fees, taxes, interest, expenses that are undertaken by the Adviser or the Trust Fund and other expenses related to the operation of the Trust or the Fund.

Expenses of the Sub-Adviser. During the term of this Agreement, the Sub-Adviser will retain responsibility for pay all expenses incurred by it in connection with the performance of its services activities under this Agreement other than the cost of securitiessecurities and investments purchased, retained or sold for the Fund (including, without limitation taxes and brokerage commissions, custodian interest on margin borrowing, custodial fees, auditor’s feesdividends payable with respect to securities sold short, taxesinterest on account-related loans and debit balances, interest, expenses that are undertaken by the Adviser or the Trust and if any). All other expenses related to be incurred in the operation of the Trust or Fund will be borne by the Fund, except to the extent specifically assumed by the Sub-Adviser.

Expenses of the Sub-Adviser. During the term of this Agreement, the Sub-Adviser will retain responsibility for expenses incurred by it in connection with the performance of its services under this Agreement other than the cost of securities, brokerage commissions, custodian fees, auditor’s fees, taxes, interest, expenses that are undertaken by the Adviser or the Trust and other expenses related to the operation of the Trust or the each Fund.

Expenses of the Sub-Adviser. During the term of this Agreement, the Sub-Adviser will retain responsibility for expenses incurred by it in connection with the performance of its services under this Agreement other than the cost of securities, brokerage commissions, custodian fees, auditor’s fees, taxes, interest, and expenses that are undertaken by the Adviser or the Trust and other expenses related to the operation of the Trust or the Fund.

Expenses of the Sub-Adviser. During the term of this Agreement, the Sub-Adviser will retain responsibility for expenses incurred by it in connection with the performance of its services under this Agreement other than the cost of securities, brokerage commissions, custodian fees, auditor’s 's fees, taxes, interest, expenses that are undertaken by the Adviser or the Trust Trust, and other expenses related to the operation of the Trust or the a Fund.

Expenses of the Sub-Adviser. During the term of this Agreement, the Sub-Adviser will retain responsibility for expenses incurred by it in connection with the performance of its services under this Agreement other than the cost of securities, brokerage commissions, custodian fees, auditor’s 's fees, taxes, interest, expenses that are undertaken by the Adviser or the Trust and other expenses related to the operation of the Trust or the a Fund.