Common use of Expenses Payable by the Advisor Clause in Contracts

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.

Expenses Payable by the Advisor. The Advisor is responsible for (1) the compensation of any of the Fund's ’s trustees, officers and employees who are interested persons of the Advisor, (2) compensation of the Advisor's ’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 ’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 ’s or any affiliated company's ’s staff.