Fee Reduction. The Adviser agrees that from the commencement of operations of the Fund through August 31, 2017, it will reduce its compensation and/or reimburse certain expenses for the Fund, to the extent necessary to ensure that the Fund’s total operating expenses, (excluding taxes, any class-specific fees and expenses, “Acquired Fund Fees and Expenses” (as defined in Form N-1A), dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions) do not exceed 0.99% (on an annual basis)of the Fund’s average daily net assets (the “Fee Cap”).
Appears in 2 contracts
Samples: Expense Limitation/Reimbursement Agreement (FundVantage Trust), Expense Limitation/Reimbursement Agreement (FundVantage Trust)
Fee Reduction. The Adviser agrees that from the commencement of operations of the Fund through August 31April 30, 20172023, it will reduce its compensation and/or reimburse certain expenses for the Fund, Fund to the extent necessary to ensure that the Fund’s total operating expenses, (excluding taxes, any class-specific interest, extraordinary items, brokerage commissions, fees and expensesexpenses attributable to a distribution or service plan adopted by the Trust, dividend and interest expense on short sales of securities and “Acquired Fund Fees and Expenses” (as defined in Form N-1A), dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions) do not exceed 0.991.60% (on an annual basis)of basis) of the Fund’s average daily net assets (the “Fee CapExpense Limitation”).
Appears in 1 contract
Samples: Expense Limitation/Reimbursement Agreement (FundVantage Trust)
Fee Reduction. The Adviser agrees that from the commencement of operations of the Fund through August 31, 20172023, it will reduce its compensation and/or reimburse certain expenses for the Fund, to the extent necessary to ensure that the Fund’s total operating expenses, (excluding taxes, any class-specific fees and expensesexpenses attributable to a distribution or service plan adopted by the Trust, “Acquired Fund Fees and Expenses” (as defined in Form N-1A), dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions) do not exceed 0.99% (on an annual basis)of the Fund’s average daily net assets (the “Fee Cap”).
Appears in 1 contract
Samples: Expense Limitation/Reimbursement Agreement (FundVantage Trust)
Fee Reduction. The Adviser agrees that from the commencement of operations of the Fund through August 31April 30, 20172024, it will reduce its compensation and/or reimburse certain expenses for the Fund, Fund to the extent necessary to ensure that the Fund’s total operating expenses, (excluding taxes, any class-specific interest, extraordinary items, brokerage commissions, fees and expensesexpenses attributable to a distribution or service plan adopted by the Trust, dividend and interest expense on short sales of securities and “Acquired Fund Fees and Expenses” (as defined in Form N-1A), dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions) do not exceed 0.991.60% (on an annual basis)of basis) of the Fund’s average daily net assets (the “Fee CapExpense Limitation”).
Appears in 1 contract
Samples: Expense Limitation/Reimbursement Agreement (FundVantage Trust)
Fee Reduction. The Adviser agrees that from the commencement of operations of the Fund through August 31April 30, 20172022, it will reduce its compensation and/or reimburse certain expenses for the Fund, Fund to the extent necessary to ensure that the Fund’s total operating expenses, (excluding taxes, any class-specific interest, extraordinary items, brokerage commissions, fees and expensesexpenses attributable to a distribution or service plan adopted by the Trust, dividend and interest expense on short sales of securities and “Acquired Fund Fees and Expenses” (as defined in Form N-1A), dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions) do not exceed 0.991.60% (on an annual basis)of basis) of the Fund’s average daily net assets (the “Fee CapExpense Limitation”).
Appears in 1 contract
Samples: Expense Limitation/Reimbursement Agreement (FundVantage Trust)
Fee Reduction. The Adviser agrees that from the commencement of operations of the Fund through August 31April 30, 20172025, it will reduce its compensation and/or reimburse certain expenses for the Fund, Fund to the extent necessary to ensure that the Fund’s total operating expenses, (excluding taxes, any class-specific interest, extraordinary items, brokerage commissions, fees and expensesexpenses attributable to a distribution or service plan adopted by the Trust, dividend and interest expense on short sales of securities and “Acquired Fund Fees and Expenses” (as defined in Form N-1A), dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions) do not exceed 0.991.60% (on an annual basis)of basis) of the Fund’s average daily net assets (the “Fee CapExpense Limitation”).
Appears in 1 contract
Samples: Expense Limitation/Reimbursement Agreement (FundVantage Trust)
Fee Reduction. The Adviser agrees that from the commencement of operations of the Fund through August 31April 30, 20172021, it will reduce its compensation and/or reimburse certain expenses for the Fund, Fund to the extent necessary to ensure that the Fund’s total operating expenses, (excluding taxes, any class-specific interest, extraordinary items, brokerage commissions, fees and expensesexpenses attributable to a distribution or service plan adopted by the Trust, dividend and interest expense on short sales of securities and “Acquired Fund Fees and Expenses” (as defined in Form N-1A), dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions) do not exceed 0.991.60% (on an annual basis)of basis) of the Fund’s average daily net assets (the “Fee CapExpense Limitation”).
Appears in 1 contract
Samples: Expense Limitation/Reimbursement Agreement (FundVantage Trust)
Fee Reduction. The Adviser agrees that from the commencement of operations of the Fund through August 31, 20172022, it will reduce its compensation and/or reimburse certain expenses for the Fund, to the extent necessary to ensure that the Fund’s total operating expenses, (excluding taxes, any class-specific fees and expensesexpenses attributable to a distribution or service plan adopted by the Trust, “Acquired Fund Fees and Expenses” (as defined in Form N-1A), dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions) do not exceed 0.99% (on an annual basis)of the Fund’s average daily net assets (the “Fee Cap”).
Appears in 1 contract
Samples: Expense Limitation/Reimbursement Agreement (FundVantage Trust)
Fee Reduction. The Adviser agrees that from the commencement of operations of the Fund through August 31, 20172024, it will reduce its compensation and/or reimburse certain expenses for the Fund, to the extent necessary to ensure that the Fund’s total operating expenses, (excluding taxes, any class-specific fees and expensesexpenses attributable to a distribution or service plan adopted by the Trust, “Acquired Fund Fees and Expenses” (as defined in Form N-1A), dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions) do not exceed 0.99% (on an annual basis)of the Fund’s average daily net assets (the “Fee Cap”).
Appears in 1 contract
Samples: Expense Limitation/Reimbursement Agreement (FundVantage Trust)
Fee Reduction. The Adviser agrees that from the commencement of operations of the Fund through August 31, 20172018, it will reduce its compensation and/or reimburse certain expenses for the Fund, to the extent necessary to ensure that the Fund’s total operating expenses, (excluding taxes, any class-specific fees and expenses, “Acquired Fund Fees and Expenses” (as defined in Form N-1A), dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions) do not exceed 0.99% (on an annual basis)of the Fund’s average daily net assets (the “Fee Cap”).
Appears in 1 contract
Samples: Expense Limitation/Reimbursement Agreement (FundVantage Trust)
Fee Reduction. The Adviser agrees that from the commencement of operations of the Fund through August 31, 20172025, it will reduce its compensation and/or reimburse certain expenses for the Fund, to the extent necessary to ensure that the Fund’s total operating expenses, (excluding taxes, any class-specific fees and expensesexpenses attributable to a distribution or service plan adopted by the Trust, “Acquired Fund Fees and Expenses” (as defined in Form N-1A), dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions) do not exceed 0.99% (on an annual basis)of the Fund’s average daily net assets (the “Fee Cap”).
Appears in 1 contract
Samples: Expense Limitation/Reimbursement Agreement (FundVantage Trust)
Fee Reduction. The Adviser agrees that from the commencement of operations of the Fund through August 31, 20172019, it will reduce its compensation and/or reimburse certain expenses for the Fund, to the extent necessary to ensure that the Fund’s total operating expenses, (excluding taxes, any class-specific fees and expensesexpenses attributable to a distribution or service plan adopted by the Trust, “Acquired Fund Fees and Expenses” (as defined in Form N-1A), dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions) do not exceed 0.99% (on an annual basis)of the Fund’s average daily net assets (the “Fee Cap”).
Appears in 1 contract
Samples: Expense Limitation/Reimbursement Agreement (FundVantage Trust)
Fee Reduction. The Adviser agrees that from the commencement of operations of the Fund through August 31, 20172021, it will reduce its compensation and/or reimburse certain expenses for the Fund, to the extent necessary to ensure that the Fund’s total operating expenses, (excluding taxes, any class-specific fees and expensesexpenses attributable to a distribution or service plan adopted by the Trust, “Acquired Fund Fees and Expenses” (as defined in Form N-1A), dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions) do not exceed 0.99% (on an annual basis)of the Fund’s average daily net assets (the “Fee Cap”).
Appears in 1 contract
Samples: Expense Limitation/Reimbursement Agreement (FundVantage Trust)
Fee Reduction. The Adviser agrees that from the commencement of operations of the Fund through August 31, 20172020, it will reduce its compensation and/or reimburse certain expenses for the Fund, to the extent necessary to ensure that the Fund’s total operating expenses, (excluding taxes, any class-specific fees and expensesexpenses attributable to a distribution or service plan adopted by the Trust, “Acquired Fund Fees and Expenses” (as defined in Form N-1A), dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions) do not exceed 0.99% (on an annual basis)of the Fund’s average daily net assets (the “Fee Cap”).
Appears in 1 contract
Samples: Expense Limitation/Reimbursement Agreement (FundVantage Trust)