Common use of Expenses Paid by Corporation Clause in Contracts

Expenses Paid by Corporation. Except as provided in this paragraph, nothing in this Agreement shall be construed to impose upon Lockwell the obligation to incur, pay, or reimburse the Corporation for any expenses not specifically assumed by Lockwell under paragraph 2 above. Each Fund shall pay or cause to be paid all of its expenses and the Fund’s allocable share of the Corporation’s expenses, including, but not limited to, investment adviser fees; any compensation, fees, or reimbursements which the Corporation pays to its directors who are not interested persons (as that phrase is defined in Section 2(a)(19) of the Act) of the Corporation; fees and expenses of the custodian, transfer agent, registrar or dividend disbursing agent; current legal, accounting and printing expenses; administrative, clerical, recordkeeping and bookkeeping expenses; brokerage commissions and all other expenses in connection with the execution of Fund transactions; all expenses of bond and insurance coverage which inure to the Corporation’s benefit, including liability and fidelity bond coverage; interest; all federal, state and local taxes (including stamp, excise, income and franchise taxes); expenses of preparing and filing reports and tax returns with federal and state regulatory authorities; the maintenance of its compliance program; the maintenance of the Registration Statement under the applicable federal and state securities laws; all expenses incurred in complying with all federal and state laws and the laws of any foreign country applicable to the issue, offer, or sale of Shares of the Funds, including but not limited to, all costs involved in the registration or qualification of Shares of the Funds for sale in any jurisdiction and all costs involved in preparing, printing and distributing prospectuses and statements of additional information to existing share­holders of the Funds; all expenses incurred in connection with litigation, proceedings and claims and the legal obligations of the Corporation to indemnify its directors, employees, shareholders and agents with respect thereto; all expenses of meetings of the directors and shareholders and of preparing, printing and distributing proxy statements, notices and reports to shareholders, except for such costs described in Section 2; and such compensation payable to its compliance officer(s) as may be approved by the directors from time to time.

Expenses Paid by Corporation. (a) Except as provided in this paragraph, nothing in this Agreement shall be construed to impose upon Lockwell Oak Ridge the obligation to incur, pay, or reimburse the Corporation for any expenses not specifically assumed by Lockwell Oak Ridge under paragraph 2 above. Each Fund shall pay or cause to be paid all of its expenses and the Fund’s allocable share of the Corporation’s expenses, including, but not limited to, investment adviser fees; any compensation, fees, or reimbursements which the Corporation pays to its directors Directors who are not interested persons (as that phrase is defined in Section 2(a)(19) of the 1940 Act) of the CorporationOak Ridge; fees and expenses of the expensex xx xxx custodian, transfer agent, registrar or dividend disbursing agent; current legal, accounting and printing expenses; administrative, clerical, recordkeeping and bookkeeping expenses; brokerage commissions and all other expenses in connection with the execution of Fund each Fund's transactions; all expenses of bond and insurance coverage which inure to the Corporation’s benefit, including liability and fidelity bond coverage; interest; all federal, state and local taxes (including stamp, excise, income and franchise taxes); expenses of shareholders' meetings and of preparing, printing and distributing proxy statements, notices and reports to shareholders; expenses of preparing and filing reports and tax returns with federal and state regulatory authorities; the maintenance of its compliance program; the maintenance of the Registration Statement under the applicable federal and state securities laws; all expenses incurred in complying with all federal and state laws and the laws of any foreign country applicable to the issue, offer, or sale of Shares shares of the Funds, including but not limited to, all costs involved in the registration or qualification of Shares shares of the Funds for sale in any jurisdiction and all costs involved in preparing, printing and distributing prospectuses and statements of additional information to existing share­holders shareholders of the Funds; all . (b) If expenses incurred borne by a Fund in connection any fiscal year exceed those set forth in any statutory or regulatory formula applicable to the Fund, Oak Ridge will reimburse the Fund for any excess in accordance with litigationthe applicable statutory or regulatory formula. In addition, proceedings and claims and the legal obligations of the Corporation to indemnify Oak Ridge may, in its directorsdiscretion, employees, shareholders and agents with respect thereto; all waive its fees and/or reimburse a Fund's operating expenses of meetings of the directors and shareholders and of preparing, printing and distributing proxy statements, notices and reports to shareholders, except for such costs described in Section 2; and such compensation payable to its compliance officer(s) as may be approved by the directors from time to timetime and for such periods as it deems appropriate. Any reimbursement of expenses will be made on a monthly basis and will be paid to the Fund by reduction of Oak Ridge's fee hereunder, subject to later adjustment, month by month for the remainder of the Fund's fiscal year.

Expenses Paid by Corporation. Except as provided in this paragraph, nothing in this Agreement shall be construed to impose upon Lockwell RMB the obligation to incur, pay, or reimburse the Corporation for any expenses not specifically assumed by Lockwell RMB under paragraph 2 above. Each Fund shall pay or cause to be paid all of its expenses and the Fund’s allocable share of the Corporation’s expenses, including, but not limited to, investment adviser advisory fees; any compensation, fees, or reimbursements which the Corporation pays to its directors who are not “interested persons persons” (as that phrase term is defined in Section 2(a)(19) of the Act) of the Corporation; fees and expenses of the custodian, transfer agent, registrar or dividend disbursing agent; current legal, accounting and printing expenses; administrative, clerical, recordkeeping and bookkeeping expenses; brokerage commissions and all other expenses in connection with the execution of Fund transactions; all expenses of bond and insurance coverage which inure to the Corporation’s benefit, including liability and fidelity bond coverage; interest; all federal, state and local taxes (including stamp, excise, income and franchise taxes); expenses of shareholders’ meetings and of preparing, printing and distributing proxy statements, notices and reports to shareholders; expenses of preparing and filing reports and tax returns with federal and state regulatory authorities; the maintenance of its compliance program; the maintenance of the Registration Statement under the applicable federal and state securities laws; all expenses incurred in complying with all federal and state laws and the laws of any foreign country applicable to the issue, offer, or sale of Shares of the Funds, including but not limited to, all costs involved in the registration or qualification of Shares of the Funds for sale in any jurisdiction and all costs involved in preparing, printing and distributing prospectuses and statements of additional information to existing share­holders shareholders of the Funds; all expenses incurred in connection with litigation, proceedings and claims and the legal obligations of the Corporation to indemnify its directors, employees, shareholders and agents with respect thereto; all expenses of meetings of the directors Board and shareholders and of preparing, printing and distributing proxy statements, notices and reports to shareholders, except for such costs described in Section 2; and such compensation payable to its compliance officer(s) as may be approved by the directors Board from time to time.

Expenses Paid by Corporation. Except as provided in this paragraph, nothing in this Agreement shall be construed to impose upon Lockwell IronBridge the obligation to incur, pay, or reimburse the Corporation for any expenses not specifically assumed by Lockwell IronBridge under paragraph 2 above. Each Fund shall pay or cause to be paid all of its expenses and the Fund’s allocable share of the Corporation’s expenses, including, but not limited to, investment adviser fees; any compensation, fees, or reimbursements which the Corporation pays to its directors Directors who are not interested persons (as that phrase is defined in Section 2(a)(19) of the Act) of the Corporation; fees and expenses of the custodian, transfer agent, registrar or dividend disbursing agent; current legal, accounting and printing expenses; administrative, clerical, recordkeeping and bookkeeping expenses; brokerage commissions and all other expenses in connection with the execution of Fund transactions; all expenses of bond and insurance coverage which inure to the Corporation’s benefit, including liability and fidelity bond coverage; interest; all federal, state and local taxes (including stamp, excise, income and franchise taxes); expenses of shareholders’ meetings and of preparing, printing and distributing proxy statements, notices and reports to shareholders; expenses of preparing and filing reports and tax returns with federal and state regulatory authorities; the maintenance of its compliance program; the maintenance of the Registration Statement under the applicable federal and state securities laws; all expenses incurred in complying with all federal and state laws and the laws of any foreign country applicable to the issue, offer, or sale of Shares of the Funds, including but not limited to, all costs involved in the registration or qualification of Shares of the Funds for sale in any jurisdiction and all costs involved in preparing, printing and distributing prospectuses and statements of additional information to existing share­holders shareholders of the Funds; , all expenses incurred in connection with litigation, proceedings and claims and the legal obligations of the Corporation to indemnify its directorsDirectors, employees, shareholders and agents with respect thereto; all expenses of meetings of the directors Directors and shareholders and of preparing, printing and distributing proxy statements, notices and reports to shareholders, except for such costs described in Section 2; and such compensation payable to its compliance officer(s) as may be approved by the directors Directors from time to time.

Expenses Paid by Corporation. Except as provided in this paragraph, nothing in this Agreement shall be construed to impose upon Lockwell IronBridge the obligation to incur, pay, or reimburse the Corporation for any expenses not specifically assumed by Lockwell IronBridge under paragraph 2 above. Each Fund shall pay or cause to be paid all of its expenses and the Fund’s allocable share of the Corporation’s expenses, including, but not limited to, investment adviser advisory fees; any compensation, fees, or reimbursements which the Corporation pays to its directors who are not “interested persons persons” (as that phrase term is defined in Section 2(a)(19) of the Act) of the Corporation; fees and expenses of the custodian, transfer agent, registrar or dividend disbursing agent; current legal, accounting and printing expenses; administrative, clerical, recordkeeping and bookkeeping expenses; brokerage commissions and all other expenses in connection with the execution of Fund transactions; all expenses of bond and insurance coverage which inure to the Corporation’s benefit, including liability and fidelity bond coverage; interest; all federal, state and local taxes (including stamp, excise, income and franchise taxes); expenses of shareholders’ meetings and of preparing, printing and distributing proxy statements, notices and reports to shareholders; expenses of preparing and filing reports and tax returns with federal and state regulatory authorities; the maintenance of its compliance program; the maintenance of the Registration Statement under the applicable federal and state securities laws; all expenses incurred in complying with all federal and state laws and the laws of any foreign country applicable to the issue, offer, or sale of Shares of the Funds, including but not limited to, all costs involved in the registration or qualification of Shares of the Funds for sale in any jurisdiction and all costs involved in preparing, printing and distributing prospectuses and statements of additional information to existing share­holders shareholders of the Funds; , all expenses incurred in connection with litigation, proceedings and claims and the legal obligations of the Corporation to indemnify its directors, employees, shareholders and agents with respect thereto; all expenses of meetings of the directors Board and shareholders and of preparing, printing and distributing proxy statements, notices and reports to shareholders, except for such costs described in Section 2; and such compensation payable to its compliance officer(s) as may be approved by the directors Board from time to time.

Expenses Paid by Corporation. Except as provided in this paragraph, nothing in this Agreement shall be construed to impose upon Lockwell Timpani the obligation to incur, pay, or reimburse the Corporation for any expenses not specifically assumed by Lockwell Timpani under paragraph 2 above. Each Fund shall pay or cause to be paid all of its expenses and the Fund’s allocable share of the Corporation’s expenses, including, but not limited to, investment adviser fees; any compensation, fees, or reimbursements which the Corporation pays to its directors Directors who are not interested persons (as that phrase is defined in Section 2(a)(19) of the Act) of the CorporationTimpani; fees and expenses of the custodian, transfer agent, registrar or dividend disbursing agent; current legal, accounting and printing expenses; administrative, clerical, recordkeeping and bookkeeping expenses; brokerage commissions and all other expenses in connection with the execution of Fund transactions; all expenses of bond and insurance coverage which inure to the Corporation’s benefit, including liability and fidelity bond coverage; interest; all federal, state and local taxes (including stamp, excise, income and franchise taxes); expenses of preparing and filing reports and tax returns with federal and state regulatory authorities; the maintenance of its compliance program; the maintenance of the Registration Statement under the applicable federal and state securities laws; all expenses incurred in complying with all federal and state laws and the laws of any foreign country applicable to the issue, offer, or sale of Shares of the Funds, including but not limited to, all costs involved in the registration or qualification of Shares of the Funds for sale in any jurisdiction and all costs involved in preparing, printing and distributing prospectuses and statements of additional information to existing share­holders of the Funds; all expenses incurred in connection with litigation, proceedings and claims and the legal obligations of the Corporation to indemnify its directorsDirectors, employees, shareholders and agents with respect thereto; all expenses of meetings of the directors Directors and shareholders and of preparing, printing and distributing proxy statements, notices and reports to shareholders, except for such costs described in Section 2; and such compensation payable to its compliance officer(s) as may be approved by the directors Directors from time to time.

Expenses Paid by Corporation. (a) Except as provided in this paragraph, nothing in this Agreement shall be construed to impose upon Lockwell Oak Ridge the obligation to incur, pay, or reimburse the Corporation for any expenses not specifically assumed by Lockwell Oak Ridge under paragraph 2 above. Each The Fund shall pay or cause to be paid all of its expenses and the Fund’s allocable share of the Corporation’s expenses, including, but not limited to, investment adviser fees; any compensation, fees, or reimbursements which the Corporation pays to its directors Directors who are not interested persons (as that phrase is defined in Section 2(a)(19) of the 1940 Act) of the CorporationOak Ridge; fees and expenses of the custodianxx xxx xustodian, transfer agent, registrar or dividend disbursing agent; current legal, accounting and printing expenses; administrative, clerical, recordkeeping and bookkeeping expenses; brokerage commissions and all other expenses in connection with the execution of Fund transactions; all expenses of bond and insurance coverage which inure to the Corporation’s benefit, including liability and fidelity bond coverage; interest; all federal, state and local taxes (including stamp, excise, income and franchise taxes); expenses of shareholders' meetings and of preparing, printing and distributing proxy statements, notices and reports to shareholders; expenses of preparing and filing reports and tax returns with federal and state regulatory authorities; the maintenance of its compliance program; the maintenance of the Registration Statement under the applicable federal and state securities laws; all expenses incurred in complying with all federal and state laws and the laws of any foreign country applicable to the issue, offer, or sale of Shares shares of the FundsFund, including but not limited to, all costs involved in the registration or qualification of Shares shares of the Funds Fund for sale in any jurisdiction and all costs involved in preparing, printing and distributing prospectuses and statements of additional information to existing share­holders shareholders of the Funds; all Fund. (b) If expenses incurred in connection with litigation, proceedings and claims and the legal obligations of the Corporation to indemnify its directors, employees, shareholders and agents with respect thereto; all expenses of meetings of the directors and shareholders and of preparing, printing and distributing proxy statements, notices and reports to shareholders, except for such costs described in Section 2; and such compensation payable to its compliance officer(s) as may be approved borne by the directors Fund in any fiscal year exceed those set forth in any statutory or regulatory formula applicable to the Fund, Oak Ridge will reimburse the Fund for any excess in accordance with the applicable statutory or regulatory formula. In addition, Oak Ridge may, in its discretion, waive its fees and/or reimburse the Fund's operating expenses from time to timetime and for such periods as it deems appropriate. Any reimbursement of expenses will be made on a monthly basis and will be paid to the Fund by reduction of Oak Ridge's fee hereunder, subject to later adjustment, month by month for the remainder of the Fund's fiscal year.