Common use of Fees, Expenses and Reimbursement Clause in Contracts

Fees, Expenses and Reimbursement. (a) The Board may cause the Fund to compensate each Manager who is not an "interested person" of the Fund (as defined in the 1940 Act), and such Manager shall be reimbursed by the Fund for reasonable travel and out-of-pocket expenses incurred by him in performing his duties under this Agreement. (b) The Fund shall bear all costs and expenses incurred in its business and operations. Costs and expenses to be borne by the Fund include, but are not limited to, the following: (1) all costs and expenses directly related to investment transactions and positions for the Fund's account, including, but not limited to, brokerage commissions, research fees, interest and commitment fees on loans and debit balances, borrowing charges on securities sold short, dividends on securities sold but not yet purchased, custodial fees, margin fees, transfer taxes and premiums, taxes withheld on foreign dividends, and indirect expenses from investments in Investment Funds; (2) all costs and expenses associated with the operation and registration of the Fund, offering costs and the costs of compliance with applicable Federal and state laws; (3) all costs and expenses associated with the organization and operation of separate Investment Funds managed by Investment Managers retained by the Fund; (4) the costs and expenses of holding meetings of the Board and any meetings of Members, including costs associated with the preparation and dissemination of proxy materials;

Fees, Expenses and Reimbursement. (a) The Board may cause the Fund Portfolio Company to compensate each Manager who is not an "interested person" of the Fund Portfolio Company (as defined in the 1940 Act), and such Manager shall be reimbursed by the Fund Portfolio Company for reasonable travel and out-of-pocket expenses incurred by him in performing his duties under this Agreement. (b) The Fund Portfolio Company shall bear all costs and expenses incurred in its business and operations. Costs and expenses to be borne by the Fund Portfolio Company include, but are not limited to, the following: (1) all costs and expenses directly related to investment transactions and positions for the FundPortfolio Company's account, including, but not limited to, brokerage commissions, research fees, interest and commitment fees on loans and debit balances, borrowing charges on securities sold short, dividends on securities sold but not yet purchased, custodial fees, margin fees, transfer taxes and premiums, taxes withheld on foreign dividends, and indirect expenses from investments in Investment Funds; (2) all costs and expenses associated with the operation and registration of the FundPortfolio Company, offering costs and the costs of compliance with applicable Federal and state laws; (3) all costs and expenses associated with the organization and operation of separate Investment Funds investment funds managed by Investment Managers retained by the FundPortfolio Company; (4) the costs and expenses of holding meetings of the Board and any meetings of Members, including costs associated with the preparation and dissemination of proxy materials;

Fees, Expenses and Reimbursement. (a) The Board may cause the Fund to compensate each Manager who is not an "interested person" of the Fund (as defined in the 1940 Act), and such Manager shall be reimbursed by the Fund for reasonable travel and out-of-pocket expenses incurred by him in performing his duties under this Agreement. (b) The Fund shall bear all costs and expenses incurred in its business and operations. Costs and expenses to be borne by the Fund include, but are not limited to, the following: (1) all costs and expenses directly related to investment transactions and positions for the Fund's account, including, but not limited to, brokerage commissions, research fees, interest and commitment fees on loans and debit balances, borrowing charges on securities sold short, dividends on securities sold but not yet purchased, custodial fees, margin fees, transfer taxes and premiums, taxes withheld on foreign dividends, and indirect expenses from investments in Investment Fundsinvestments; (2) all costs and expenses associated with the operation and registration of the Fund, offering costs and the costs of compliance with applicable Federal and state laws; ; (3) all costs and expenses associated with the organization negotiation and operation performance of separate Investment Funds managed by Investment Managers retained by any of its obligations with respect to the FundSwap and the Principal Protection; (4) the costs and expenses of holding meetings of the Board and any meetings of Members, including costs associated with the preparation and dissemination of proxy materials;

Fees, Expenses and Reimbursement. (a) The Board may cause the Fund TEI to compensate each Manager who is not an "interested person" of the Fund TEI (as defined in the 1940 Act), and such Manager shall be reimbursed by the Fund TEI for reasonable travel and out-of-pocket expenses incurred by him in performing his duties under this Agreement. (b) The Fund TEI shall bear all costs and expenses incurred in its business and operations. Costs and expenses to be borne by the Fund TEI include, but are not limited to, the following: (1) all costs and expenses directly related to investment transactions and positions for the FundTEI's account, including, but not limited to, brokerage commissions, research fees, interest and commitment fees on loans and debit balances, borrowing charges on securities sold short, dividends on securities sold but not yet purchased, custodial fees, margin fees, transfer taxes and premiums, taxes withheld on foreign dividends, and indirect expenses from investments in Investment Funds; (2) all costs and expenses associated with the operation and registration of the FundTEI, offering costs and the costs of compliance with applicable Federal and state laws; (3) all costs and expenses associated with the organization and operation of separate Investment Funds investment funds managed by Investment Managers retained by the FundTEI; (4) the costs and expenses of holding meetings of the Board and any meetings of Members, including costs associated with the preparation and dissemination of proxy materials;