Expenses Payable by the Advisor Sample Clauses

Expenses Payable by the Advisor. The Advisor is responsible for (1) the compensation of any of the Fund's trustees, officers and employees who are interested persons of the Advisor, (2) compensation of the Advisor's personnel and other expenses in connection with the provisions of portfolio management services under this Agreement. Other than as herein specifically indicated, the Advisor shall not be responsible for the Fund's expenses. Specifically, the Advisor will not be responsible, except to the extent of the reasonable compensation of employees of the Fund whose services may be used by the Advisor. No trustee, officer or employee of the Fund shall receive from the Fund any salary or other compensation as such trustee, officer or employee while he is at the same time a director, officer or employee of the Advisor or any affiliated company of the Advisor. This paragraph shall not apply to trustees, executive committee members, consultants and other persons who are not regular members of the Advisor's or any affiliated company's staff.
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Expenses Payable by the Advisor. The Advisor is responsible for the compensation of the Advisor's personnel and other expenses in connection with the provisions of portfolio management services under this Agreement. Other than as herein specifically indicated, the Advisor shall not be responsible for the Fund's expenses. Specifically, the Advisor will not be responsible, except to the extent of the reasonable compensation of employees of the Fund whose services may be used by the Advisor. No trustee, officer or employee of the Fund shall receive from the Fund any salary or other compensation as such trustee, officer or employee while he is at the same time a director, officer or employee of the Advisor or any affiliated company of the Advisor. This paragraph shall not apply to trustees, executive committee members, consultants and other persons who are not regular members of the Advisor's or any affiliated company's staff.
Sample 1Sample 2
Expenses Payable by the Advisor. The Advisor shall furnish, without expense to the Fund, the services of those of the Advisor's officers and full-time employees who may be duly elected executive officers or directors of the Fund, subject to their individual consent to serve and to any limitations imposed by Law, and shall pay all of the salaries and expenses of the Fund's executive officers. For purposes of this Agreement, only the President, any Vice President and the Treasurer of the Fund shall be deemed to be executive officers of the Fund. The Advisor shall also pay (a) any expenses incurred by the Fund in connection with its promoting the sale of its shares, including advertising, compensation of sales personnel, the printing and mailing of prospectuses to other than current stockholders and the printing and mailing of sales literature, except to the extent provided under the Fund's Distribution Plan pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended, and (b) all expenses which it may incur in performing its duties under Paragraph 1 hereof, and shall reimburse the Fund for any space leased by the Fund and occupied by the Advisor. In the event the Fund shall qualify its shares for sale in any jurisdiction the applicable statutes or regulations of which expressly limit the amount of the Fund's total annual expenses, the Advisor shall reduce its annual investment advisory fee to the extent that the Fund's total annual expenses (other than brokerage commissions and other capital items, interest, taxes, extraordinary items and other excludable items, charges, costs and expenses) exceed the regulations of any such jurisdiction, so long as the Fund remains so qualified in such jurisdiction.
Sample 1
Expenses Payable by the Advisor. The Advisor shall furnish, without expense to the Fund, the services of those of the Advisor's officers and full-time employees who may be duly elected executive officers or trustees of the Fund, subject to their individual consent to serve and to any limitations imposed by law, and shall pay all of the salaries, fees and expenses of the Fund's interested Trustees, president, vice-presidents, secretary and treasurer and all personnel who perform services related to research and investment activities. CMM has agreed that if the aggregate expenses of the Fund including the management fee but excluding taxes, interest, brokerage commissions and extraordinary items, should exceed 1.5% of the first $100 million of the average net assets of the Fund and 1% of the balance of such average net asset value in excess of $100 million (based on a determination of the Fund's net asset value on the last business day of each month of the year) then such excess expenses will be paid to the Fund by CMM but only to the extent of the management fee. In the event that Fund shall qualify its shares for sale in any jurisdiction the applicable statutes or regulations of which are more restrictive than the foregoing, the Advisor shall reduce its annual investment advisory fee to the extent that the Fund's total annual expenses (other than brokerage commissions and other capital items, interest, taxes, extraordinary and other excludable items, charges, costs and expenses) exceed the regulations of any such jurisdiction, so long as the Fund remains so qualified in such jurisdiction.
Sample 1
Expenses Payable by the Advisor. The Advisor shall furnish, without expense to the Fund, the services of those of the Advisor's officers and full-time employees who may be duly elected executive officers or trustees of the Trust, subject to their individual consent to serve and to any limitations imposed by law, and shall pay it's proportional share of all of the salaries, fees and expenses of the Trust's interested Trustees, president, vice-presidents, secretary and treasurer and the salaries, fees and expenses of all personnel who perform services related to research and investment activities on behalf of the Fund. The Advisor has agreed that if the aggregate expenses of the Fund including the management fee but excluding taxes, interest, brokerage commissions and extraordinary items, should exceed 2.5% of the average daily net assets of the Fund (based on a determination of the Fund's net asset value on the last business day of each month of the year) then such excess expenses will be reimbursed to the Fund by the Advisor but only to the extent of the management fee.
Sample 1

Related to Expenses Payable by the Advisor

  • Expenses Payable by the Company The Company will pay all expenses incident to the performance of its obligations under this Agreement, including (i) the preparation, printing and filing of the Registration Statement (including financial statements and exhibits) as originally filed and of each amendment thereto, (ii) the preparation, printing and delivery to the Sales Agent of this Agreement and such other documents as may be required in connection with the offering, purchase, sale, issuance or delivery of the Shares, (iii) the preparation, issuance and delivery of the certificate or certificates for the Shares, (iv) the fees and disbursements of the Company’s counsel, accountants and other advisors, (v) the qualification of the Shares under securities laws in accordance with the provisions of Section 4(h) hereof, (vi) the printing and delivery to the Sales Agent of copies of each Issuer Free Writing Prospectus and of the Prospectus and any amendments or supplements thereto, (vii) the preparation, printing and delivery to the Sales Agent of copies of any Blue Sky survey and any supplement thereto, (viii) the costs and expenses of the Company relating to investor presentations on any “road show” undertaken in connection with the marketing of the Shares, including without limitation, expenses associated with the production of road show slides and graphics, fees and expenses of any consultants engaged in connection with the road show presentations, travel and lodging expenses of the Sales Agent and officers of the Company and any such consultants, and the cost of aircraft and other transportation chartered in connection with the road show and (ix) the reasonable documented out-of-pocket expenses of the Sales Agent, including the reasonable fees and disbursements of counsel for the Sales Agent, in connection with the negotiation, execution and delivery of this Agreement and the performance of its obligations hereunder during the Commitment Period, it being understood that the Company shall be required to pay the fees and disbursements of only one counsel for the Sales Agent and the Other Sales Agents.

  • Services provided by the Adviser Subject to the supervision and direction of the Board, the Adviser will, either directly or by employing suitable Sub-Advisers: (a) act in strict conformity with the Trust’s Declaration of Trust, the Trust’s Bylaws, the 1940 Act and the Investment Advisers Act of 1940, as amended; (b) manage the Fund and furnish a continual investment program for the Fund in accordance with such Fund’s investment objective and policies as described in the Fund’s Prospectus; (c) make investment decisions for the Fund; (d) provide the Fund with investment research and statistical data, advice and supervision, data processing and clerical services; (e) provide the Trust with access to certain office facilities, which may be the Adviser’s own offices; (f) determine what securities shall be purchased for the Fund; what securities shall be held or sold by the Fund, and allocate assets of the Fund to separate sub-accounts of the approved Sub-Advisers, and determine what portion of the Fund’s assets shall be held uninvested; (g) review asset allocations and investment policies with the Board every quarter; and (h) advise and assist the officers of the Trust in taking such steps as are necessary or appropriate to carry out the decisions of the Board and its committees with respect to the foregoing matters and the conduct of the business of the Fund. In addition, the Adviser will furnish the Trust with whatever statistical information the Trust may reasonably request with respect to the securities that the Fund may hold or contemplate purchasing. The appointment of Sub-Advisors shall be subject to approval by the Board and, to the extent required by the 1940 Act or any other law or regulation, approval of the shareholders of the Trust. The Adviser shall initially determine and make such modifications to the identity and number of shares of the securities to be accepted pursuant to each Fund’s benchmark index in exchange for “Creation Units” for each Fund and the securities that will be applicable that day to redemption requests received for each Fund as may be necessary as a result of rebalancing adjustments and corporate action events (and may give directions to the Trust’s custodian with respect to such designations). The Adviser will keep the Trust informed of developments materially affecting the Fund, and will, on its own initiative, furnish the Trust from time to time with whatever information the Adviser believes is appropriate for this purpose.

  • Expenses Borne by the Trust The Trust assumes and shall pay all expenses incidental to its organization, operations and business not specifically assumed or agreed to be paid by JCM pursuant to Sections 3 and 6 hereof, including, but not limited to, investment adviser fees; any compensation, fees, or reimbursements which the Trust pays to its Trustees who are not “interested persons,” as defined in the 1940 Act, of JCM; compensation and related expenses of the Chief Compliance Officer of the Trust and compliance staff, as authorized from time to time by the Trustees of the Trust; compensation (and any out-of-pocket expenses as may be agreed upon) of the Fund’s custodian, transfer agent, administrator, fund accounting agent, registrar and dividend disbursing agent; legal, accounting, audit and printing expenses; administrative, clerical, recordkeeping and bookkeeping expenses; brokerage commissions and all other expenses in connection with execution of portfolio transactions (including any appropriate commissions paid to JCM, its affiliates, or other Fund service providers, for effecting exchange listed, over-the-counter or other securities transactions); interest; all federal, state and local taxes (including stamp, excise, income and franchise taxes); costs of stock certificates and expenses of delivering such certificates to purchasers thereof; expenses of local representation in Massachusetts; 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; 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 Fund, including, but not limited to, all costs involved in the registration or qualification of shares of the Fund for sale in any jurisdiction, the costs of portfolio pricing services and compliance systems, and all costs involved in preparing, printing and mailing prospectuses and statements of additional information to Fund shareholders; and all fees, dues and other expenses incurred by the Trust in connection with the membership of the Trust in any trade association or other investment company organization.

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