Common use of Expenses Paid by Advisor Clause in Contracts

Expenses Paid by Advisor. Without regard to the amount of compensation received hereunder by the Advisor, the Advisor shall bear the following expenses of the Trust: (a) All direct and indirect remuneration and all other employment expenses of employees of the Advisor, including but not limited to, salaries, wages, payroll taxes and the costs of employee benefit plans, and fees, if any, paid to members of the Board who are employed by the Advisor; (b) rent, telephone, utilities, office furniture, equipment and machinery and other office expenses of the Advisor and the Trust; and (c) administrative expenses relating to performance by the Advisor of its duties hereunder other than payments to third parties as provided in Section 5.2.