Expenses of Trust to pay to the Person entitled thereto (other than the Trust Advisor) any amounts specified herein to be Additional Trust Expenses (at the time set forth herein or in the definition thereof), and any other amounts that in fact constitute Additional Trust Expenses whose payment is not more specifically provided for in this Agreement; provided that the Depositor shall not be entitled to receive reimbursement for performing its duties under this Agreement;
Expenses of Trust. The Trust shall separately bear the following expenses: (i) compensation paid to disinterested trustees not associated with Adviser or its affiliates; (ii) expenses for independent or outside legal counsel for the Trust or its trustees; (iii) compensation paid for the Funds’ chief compliance officer; (iv) expenses reasonably incurred by the disinterested trustees, legal counsel or chief compliance officer for education, travel or otherwise in connection with their service on behalf of the Trust; (v) the allocable portion of membership dues for organizations in which the Funds, trustees, independent legal counsel or chief compliance officer are members; (vi) printing and delivery of materials in connection with meetings of the Funds’ trustees; (vii) fees and expenses of the Funds' independent auditors; (viii) insurance and fidelity bond premiums allocable to the Trust, the Funds or the trustees; (ix) fees and expenses of the Funds’ custodian; (x) transfer agency fees and expenses; (xi) administration and accounting expenses; (xii) brokerage expenses; (xiii) expenses relating to the offering, issuance, registration and qualification of Shares of the Funds; (xiv) fees and expenses of preparing, printing and mailing reports, notices, and proxy statements to investors and governmental regulators; (xv) securities pricing data and expenses in connection with electronic filings with the U.S. Securities & Exchange Commission (“SEC”); (xvi) additional expenses incurred by the Adviser in connection with any audit of the funds outside of a normal and periodic review; (xvii) governmental fees, charges or taxes; (xviii) interest; and (xix) any other out of pocket expense incurred by the Funds at the direction or approval of the disinterested trustees and outside the normal and customary duties of Adviser.
Expenses of Trust. The parties expect that any Trust created pursuant to section 7.01 will be treated as a “grantor” trust for federal and state income tax purposes and that, as a consequence, the Company will recognize taxable income from the Trust assets, but the Trust itself will not separately be subject to income tax with respect to its income. However, if the Trust should be separately taxable, the Trustee will pay all such taxes out of the Trust. All expenses of administering any Trust, if not paid by the Company, will be a charge against and will be paid from the assets of the Trust.
Expenses of Trust. The Trust shall bear all of its other expenses, including, but not limited to:
(a) preparation and setting in type of its reports, proxies and prospectuses and printing and distributing reports, proxies and prospectuses and other communications to existing shareholders;
(b) registration of the Trust's Shares with the Securities and Exchange Commission and the securities commission of any state if deemed appropriate by an officer of the Trust; and
(c) qualification of the Trust's Shares for sale in jurisdictions deemed appropriate by an officer of the Trust.
Expenses of Trust. The Adviser shall not bear the responsibility for or expenses associated with operational, accounting or administrative services on behalf of the Fund not expressly assumed by the Adviser hereunder. The expenses to be borne by the Trust include, without limitation:
(a) charges and expenses of any registrar, stock, transfer or dividend disbursing agent, custodian, depository or other agent appointed by the Trust for the safekeeping of the Fund's cash, portfolio securities and other property;
(b) general operational, administrative and accounting costs, such as the costs of calculating the Fund's net asset value, the preparation of the Fund's tax filings with relevant authorities and of compliance with any and all regulatory authorities;
(c) charges and expenses of auditors and outside accountants;
(d) brokerage commissions for transactions in the portfolio securities of the Fund;
(e) all taxes, including issuance and transfer taxes, and corporate fees payable by the Fund to Federal, state or other U.S. or foreign governmental agencies;
(f) the cost of stock certificates representing shares of the Fund;
(g) expenses involved in registering and maintaining registrations of the Fund and of its shares with the Securities and Exchange Commission and various states and other jurisdictions, if applicable;
(h) all expenses of shareholders' and Trustees' meetings, including meetings of committees, and of preparing, setting in type, printing and mailing proxy statements, quarterly reports, semi-annual reports, annual reports and other required communications to shareholders;
(i) all expenses of preparing and setting in type offering documents, and expenses of printing and mailing the same to shareholders (but not expenses of printing and mailing offering documents and literature used for any promotional purposes);
(j) compensation and travel expenses of Trustees who are not "interested persons" of the Adviser within the meaning of the 1940 Act;
(k) the expense of furnishing, or causing to be furnished, to each shareholder statements of account;
(l) charges and expenses of legal counsel in connection with matters relating to the Fund, including, without limitation, legal services rendered in connection with the Trust's corporate and financial structure, day to day legal affairs of the Trust and relations with its shareholders, issuance of Fund shares, and registration and qualification of securities under Federal, state and other laws;
(m) the expenses of attendance a...
Expenses of Trust. 23 Section 3.8 No Merger or Consolidation of Trust.....................................24 Section 3.9 Exchange Rate Agency Agreement..........................................24
Expenses of Trust. The Sponsor agrees to be liable for all of the debts and obligations of the Trust (other than with respect to the Securities).
Expenses of Trust. The parties expect that the Trust will be treated as though it were not a separate taxpaying entity for federal and state income tax purposes and that, as a consequence, the Trust will not be subject to income tax with respect to its income. However, if the Trust should be taxable, the Company shall contribute the amount necessary to pay such taxes to the Trust and the Trustee shall pay all such taxes out of the Trust. All expenses of administering the Trust shall be paid by the Company.
Expenses of Trust. Company shall pay all administrative and Trustee's fees and expenses. .
Expenses of Trust. With regard to any necessary and proper charges and expenses in connection with the Trust Estate but notwithstanding any statute or rule of law for distinguishing income from principal, the Trustee shall have the power, in her discretion: (1) to deduct, retain, expend, and pay out of any money belonging to the Trust Estate any such charges and expenses, including, without being limited to taxes, insurance premiums, any expense of making and changing investments, attorneys' fees, repairs or improvements, legal assessments, debts, claims or charges which at any time may be due and owing by, or exist against, the Trust Estate; (2) to determine the apportionment of any such charges and expenses between principal and income; (3) to determine whether to make any provision for depreciation in respect of any tangible property; and (4) if the charges and expenses of any period apportioned to income exceed the income of such period, to charge such excess against the earliest net income of the Trust Estate thereafter realized.
