Common use of EXPENSES TO BE PAID BY THE COMPANY Clause in Contracts

EXPENSES TO BE PAID BY THE COMPANY. The Company will reimburse the Adviser promptly, against the Adviser's voucher, for any expenses incurred by the Adviser for the Company's account. Without limitation, such expenses shall include all expenses of any offering and sale by the Company of its shares and, except as otherwise specifically provided above, all expenses of the Company's operations; the fees and disbursements of the Company's counsel, accountants, custodian, transfer agent and registrar; the costs related to promoting the Company's stock; fees and expenses incurred in producing and effecting filings with federal and state securities administrators; costs of the Company's periodic reports to and other communications with the Company's shareholders; fees and expenses of members of the Company's Board of Directors who are not directors, officers or employees of the Adviser or of any entity affiliated with the Adviser, and fees of directors who are such officers, directors or employees; premiums for the fidelity bond maintained by the Company pursuant to ICA Section 17; and all transaction costs incident to the acquisition and disposition of securities by the Company in proportion to the Company's participation therein, including, without limitation, legal and accounting fees and other professional or technical fees and expenses (e.g., credit report, title search and delivery charges, costs of specialized consultants such as accountants or industry-specific technical experts, and deal-specific travel expenses) incurred in monitoring, negotiating and working-out such investments as well as responding to any litigation arising therefrom. If the Company for its corporate purposes uses the services of attorneys or paraprofessionals on the staff of the Adviser in lieu of outside counsel, the Company will reimburse the Adviser for such services at hourly rates calculated to cover the cost of such services, as well as for incidental disbursements. The Company will reimburse the Adviser promptly, against the Adviser's voucher, for (a) any origination fee with respect to any loan or investment made by the Company that was identified or referred to the Company by any third party with which the Company or the Adviser then has a written agreement

EXPENSES TO BE PAID BY THE COMPANY. The Company will reimburse the Adviser promptly, against the Adviser's voucher, for any expenses incurred by the Adviser for the Company's account. Without limitation, such expenses shall include all expenses of any offering and sale by the Company of its shares and, except as otherwise specifically provided above, all expenses of the Company's operations; the fees and disbursements of the Company's counsel, accountants, custodian, transfer agent and registrar; the costs related to promoting the Company's stock; fees and expenses incurred in producing and effecting filings with federal and state securities administrators; costs of the Company's periodic reports to and other communications with the Company's shareholders; costs of promoting the Company's stock; fees and expenses of members of the Company's Board of Directors who are not directors, officers or employees of the Adviser or of any entity affiliated with the Adviser, and fees of directors who are such officers, directors or employees; premiums for the fidelity bond maintained by the Company pursuant to ICA Section 17; and all transaction costs incident to the acquisition and disposition of securities by the Company in proportion to the Company's participation therein, including, without limitation, legal and accounting fees and other professional or technical fees and expenses (e.g., credit report, title search and delivery charges, costs of specialized consultants such as accountants or industry-specific industryspecific technical experts, and deal-specific travel expenses) incurred in monitoring, negotiating and working-out such investments investments, as well as responding to any litigation arising therefrom. If the Company for its corporate purposes uses the services of attorneys or paraprofessionals on the staff of the Adviser in lieu of outside counsel, the Company will reimburse the Adviser for such services at hourly rates calculated to cover the cost of such services, as well as for incidental disbursements. The Company will reimburse the Adviser promptly, against the Adviser's voucher, for (a) any origination fee with respect to any loan or investment made by the Company that was identified or referred to the Company by any third party with which the Company or the Adviser then has a written agreement.

EXPENSES TO BE PAID BY THE COMPANY. The Subject to the annual percentage limitations on Advisory Fees set forth in Section 4.5 of the Company's Declaration and the corresponding power of the Independent Trustees to waive such limitations in appropriate circumstances, and to the following provisions, the Company will pay any expenses incurred by the Company and shall reimburse the Adviser Investment Advisor promptly, against the AdviserInvestment Advisor's voucher, for any such expenses incurred paid by the Adviser Investment Advisor for the Company's account. Without limitation, such expenses shall include all expenses of the Company's organization or any reorganization, and of any offering and sale by the Company of its shares and, except as otherwise specifically provided above, all shares; expenses of the Company's operations, except as otherwise provided in paragraph 5 above, such operational expenses to include enforcement costs and administrative costs of the Company; the fees and disbursements of the Company's counsel, accountants, consultants, custodian, transfer agent and registrar; the costs related fees of third party servicers retained pursuant to promoting the Company's stock; Section 3.e. hereof-, fees and expenses incurred in producing and effecting filings with federal and state securities administratorsadministrators or other compliance and reporting costs (to the extent the Investment Advisor voluntarily undertakes to assist the Company with respect thereto); costs of the Company's periodic reports to and other communications with its shareholders (to the Company's shareholdersextent the Investment Advisor voluntarily undertakes to assist the Company with respect thereto); fees and expenses of members of the Company's Board of Directors Trustees (excluding the fees of trustees who are not directors, officers or employees of the Adviser Investment Advisor or of any entity affiliated with the Adviser, and fees of directors who are such officers, directors Company or employeestheir affiliates); premiums for the any insurance or fidelity bond maintained by the Company pursuant to ICA Section 17Company; and all transaction costs incident to the acquisition pursuit, acquisition, management, financing and disposition of securities investment assets by the Company in proportion to the Company's participation therein, including, as applicable and without limitation, legal due diligence costs, legal, accounting, engineering, travel and accounting reasonable entertainment, and environmental assessment fees and other professional or technical fees and expenses (e.g.expenses. In addition, credit report, title search and delivery charges, costs of specialized consultants such as accountants or industry-specific technical experts, and deal-specific travel expenses) incurred in monitoring, negotiating and working-out such investments as well as responding to any litigation arising therefrom. If if the Company for its corporate purposes purposes, uses the services of attorneys or paraprofessionals on the staff of the Adviser Investment Advisor or its affiliates in lieu of outside counsel, the Company will not be required to reimburse the Adviser Investment Advisor for such services at hourly rates calculated to cover the cost of such services, as well as but shall pay for incidental disbursements. The Company will reimburse the Adviser promptly, against the Adviser's voucher, disbursements to third parties or for (a) any origination fee with respect to any loan or investment made by the Company that was identified or referred to the Company by any third party with which the Company or the Adviser then has a written agreementtravel.

EXPENSES TO BE PAID BY THE COMPANY. The Company will reimburse the Adviser promptly, against the Adviser's voucher, for any expenses incurred by the Adviser for the Company's account. Without limitation, such expenses shall include all expenses of any offering and sale by the Company of its shares and, except as otherwise specifically provided above, all expenses of the Company's operations; the fees and disbursements of the Company's counsel, accountants, custodian, transfer agent and registrar; the costs related to promoting the Company's stock; fees and expenses incurred in producing and effecting filings with federal and state securities administrators; costs of the Company's periodic reports to and other communications with the Company's shareholders; costs of promoting the Company's stock; fees and expenses of members of the Company's Board of Directors who are not directors, officers or employees of the Adviser or of any entity affiliated with the Adviser, and fees of directors who are such officers, directors or employees; premiums for the fidelity bond maintained by the Company pursuant to ICA Section 17; and all transaction costs incident to the acquisition and disposition of securities by the Company in proportion to the Company's participation therein, including, without limitation, legal and accounting fees and other professional or technical fees and expenses (e.g., credit report, title search and delivery charges, costs of specialized consultants such as accountants or industry-industry- specific technical experts, and deal-specific travel expenses) incurred in monitoring, negotiating and working-out such investments investments, as well as responding to any litigation arising therefrom. If the Company for its corporate purposes uses the services of attorneys or paraprofessionals on the staff of the Adviser in lieu of outside counsel, the Company will reimburse the Adviser for such services at hourly rates calculated to cover the cost of such services, as well as for incidental disbursements. The Company will reimburse the Adviser promptly, against the Adviser's voucher, for (a) any origination fee with respect to any loan or investment made by the Company that was identified or referred to the Company by any third party with which the Company or the Adviser then has a written agreementagreement or arrangement that specifies the amount or rate of such fee or (b) any origination fee with respect to any loan or investment made by the Company that was identified or referred to the Company by any third party with which the Company or the Adviser then does not have a written agreement or arrangement. All such origination fees reimbursed to the Adviser will be reviewed as of the end of each calendar quarter by the Company's Board of Directors.

EXPENSES TO BE PAID BY THE COMPANY. The Company will reimburse the Adviser promptly, against the Adviser's voucher, for any expenses incurred by the Adviser for the Company's account. Without limitation, such expenses shall include all expenses of any offering and sale by the Company of its shares and, except as otherwise specifically provided above, all expenses of the Company's operations; the fees and disbursements of the Company's counsel, accountants, custodian, transfer agent and registrar; the costs related to promoting the Company's stock; fees and expenses incurred in producing and effecting filings with federal and state securities administrators; costs of the Company's periodic reports to and other communications with the Company's shareholders; fees and expenses of members of the Company's Board of Directors who are not directors, officers or employees of the Adviser or of any entity affiliated with the Adviser, and fees of directors who are such officers, directors or employees; premiums for the fidelity bond maintained by the Company pursuant to ICA Section 17; and all transaction costs incident to the acquisition and disposition of securities by the Company in proportion to the Company's participation therein, including, without limitation, legal and accounting fees and other professional or technical fees and expenses (e.g., credit report, title search and delivery charges, costs of specialized consultants such as accountants or industry-specific technical experts, and deal-specific travel expenses) incurred in monitoring, negotiating and working-out such investments as well as responding to any litigation arising therefrom. If the Company for its corporate purposes uses the services of attorneys or paraprofessionals on the staff of the Adviser in lieu of outside counsel, the Company will reimburse the Adviser for such services at hourly rates calculated to cover the cost of such services, as well as for incidental disbursements. The Company will reimburse the Adviser promptly, against the Adviser's voucher, for (a) any origination fee with respect to any loan or investment made by the Company that was identified or referred to the Company by any third party with which the Company or the Adviser then has a written agreement.