EXPENSES PAID BY THE ADVISER. The Adviser will pay:
EXPENSES PAID BY THE ADVISER. 3.1 Subject to the provisions of Section 3.2 hereof, the Adviser shall pay the following expenses relating to the management and operation of the Fund:
EXPENSES PAID BY THE ADVISER. In addition to the expenses which the Adviser may incur in the performance of its responsibilities under this Agreement, and the expenses which it may expressly undertake to incur and pay, the Adviser shall incur and pay all reasonable compensation, fees and related expenses of the Corporation's officers and its Directors, except for such Directors who are not interested persons (as that term is defined in Section 2(a)(19) of the 0000 Xxx) of the Adviser, and all expenses related to the rental and maintenance of the principal offices of the Corporation.
EXPENSES PAID BY THE ADVISER. The Adviser will pay: (a) the compensation and expenses of all officers and employees of the Trust; (b) the expenses of office rent, telephone and other utilities, office furniture, equipment, supplies and other expenses of the Fund; and (c) any other expenses incurred by the Adviser in connection with the performance of its duties hereunder. 4.
EXPENSES PAID BY THE ADVISER. The Adviser shall furnish, at its expense, all necessary services, facilities, equipment and personnel for performing the Adviser’s services under this Agreement, in each case subject to the provisions of Section 7 of this Agreement; provided, however, that the Adviser shall pay directly or reimburse the Trust for the compensation (if any) of the Trustees of the Trust who are affiliated with, or “interested persons” (as defined in the 1000 Xxx) of, the Adviser and any of the Adviser’s officers or employees who are appointed as officers of the Trust. The Adviser shall not be required to pay expenses of activities which are primarily intended to result in sales of shares of the Fund.
EXPENSES PAID BY THE ADVISER. In addition to the expenses which the Adviser may incur in the performance of its responsibilities under this Agreement, and the expenses which it may expressly undertake to incur and pay, the Adviser shall incur and pay the following expenses:
EXPENSES PAID BY THE ADVISER. In addition to the expenses which the Adviser may incur in the performance of its responsibilities under this Agreement, and the expenses which it may expressly undertake to incur and pay, the Adviser shall incur and pay all reasonable compensation, fees and related expenses of the Trust’s officers and its Trustees, except for such Trustees who are not interested persons (as that term is defined in Section 2(a)(19) of the 0000 Xxx) of the Adviser, and all expenses related to the rental and maintenance of the principal offices of the Trust.
EXPENSES PAID BY THE ADVISER. The Adviser will pay: (a) the compensation and expenses of all officers and employees of the Trust; (b) the expenses of office rent, telephone and other utilities, office furniture, equipment, supplies and other expenses of the Fund; and (c) any other expenses incurred by the Adviser in connection with the performance of its duties hereunder. 3. EXPENSES OF THE FUND NOT PAID BY THE ADVISER. The Adviser will not be required to pay any expenses which this Agreement does not expressly make payable by it. In particular, and without limiting the generality of the foregoing but subject to the provisions of Section 2, the Adviser will not be required to pay under this Agreement: (a) any and all expenses, taxes and governmental fees incurred by the Trust or the Fund prior to the effective date of this Agreement; (b) without limiting the generality of the foregoing clause (a), the expenses of organizing the Trust and the Fund (including without limitation, legal, accounting and auditing fees and expenses incurred in connection with the matters referred to in this clause (b), of initially registering shares of the Trust under the Securities Act of 1933, as amended, and of qualifying the shares for sale under state securities laws for the initial offering and sale of shares; (c) the compensation and expenses of Trustees who are not interested persons (as used in this Agreement, such term shall have the meaning specified in the 1940 Act) of the Adviser and of independent advisers, independent contractors, consultants, managers and other unaffiliated agents employed by the Fund other than through the Adviser; (d) legal, accounting, financial management, tax and auditing fees and expenses of the Fund (including an allocable portion of the cost of its employees rendering such services to the Fund); (e) the fees and disbursements of custodians and depositories of the Fund's assets, transfer agents, disbursing agents, plan agents and registrars; (f) taxes and governmental fees assessed against the Fund's assets and payable by the Fund; (g) the cost of preparing and mailing dividends, distributions, reports, notices and proxy materials to shareholders of the Fund; (h) brokers' commissions and underwriting fees; (i) the expense of periodic calculations of the net asset value of the shares of the Fund; and (j) insurance premiums on fidelity, errors and omissions and other coverages. 4.
EXPENSES PAID BY THE ADVISER. The Adviser shall furnish, at its expense, all necessary services, facilities, equipment and personnel for performing the Adviser’s services under this Agreement, in each case subject to the provisions of Section 7 of this Agreement. The Adviser shall pay directly or reimburse the Trust for the compensation (if any) of the Trustees who are affiliated with, or “interested persons” (as defined in the 1940 Act) of, the Adviser and any of the Adviser’s officers or employees who are appointed as officers of the Trust. The Adviser may, at its own expense, engage the services of other firms to provide research and/or assist in the development or operation of investment models used by the Adviser in providing services to the Fund. The Adviser shall not be required to pay expenses of activities which are primarily intended to result in sales of shares of the Fund.
EXPENSES PAID BY THE ADVISER. In addition to the expenses which the Adviser may incur in the performance of its responsibilities under this Agreement, and the expenses which it may expressly undertake to incur and pay, the Adviser shall incur and pay all reasonable compensation, fees and related expenses of the Corporation’s officers and its directors, except for such directors who are not “interested persons” (as that term is defined in Section 2(a)(19) of the 0000 Xxx) of the Adviser, and all expenses related to the rental and maintenance of the principal offices of the Corporation. The Adviser shall also pay the actual out-of-pocket costs of any special meeting of directors or shareholders of a Fund to the extent convened as a result of a change in control of the Adviser or otherwise convened for the primary benefit of the Adviser.
