Common use of Fees, Expenses and Reimbursement Clause in Contracts

Fees, Expenses and Reimbursement. (a) So long as the Management Services Provider provides Management Services to the Fund, it shall be entitled to receive fees for such services as may be agreed to by the Management Services Provider and the Fund pursuant to the Management Agreement. (b) The Board of Directors may cause the Fund to compensate each Director who is not an officer or employee of the Management Services Provider (or of any Affiliate of the Management Services Provider) for his or her services as such. In addition, the Directors shall be reimbursed by the Fund for reasonable out-of-pocket expenses incurred by them in performing their duties under this Agreement. (c) The Fund shall bear all of its own operating expenses other than those specifically required to be borne by the Management Services Provider or another party pursuant to the Management Agreement or another agreement with the Fund. The Management Services Provider shall be entitled to reimbursement from the Fund for any expenses that it pays on behalf of the Fund. (d) Subject to procuring any required regulatory approvals, from time to time the Fund may, alone or in conjunction with other accounts for which the Management Services Provider, or any Affiliate of the Management Services Provider, acts as general partner or investment adviser, purchase insurance in such amounts, from such insurers and on such terms as the Board of Directors shall determine.

Fees, Expenses and Reimbursement. (a) So long as the Management Services Provider provides Management Services to the FundCompany, it shall be entitled to receive fees for such services as may be agreed to by the Management Services Provider and the Fund Company pursuant to the Management Agreement. (b) The Board of Directors Managers may cause the Fund Company to compensate each Director Manager who is not an officer or employee of the Management Services Provider (or of any Affiliate of the Management Services Provider) for his or her services as such. In addition, the Directors Managers shall be reimbursed by the Fund Company for reasonable out-of-pocket expenses incurred by them in performing their duties under this Agreement. (c) The Fund Company shall bear all of its own operating expenses other than those specifically required to be borne by the Management Services Provider or another party pursuant to the Management Agreement or another agreement with the FundCompany. The Management Services Provider shall be entitled to reimbursement from the Fund Company for any expenses that it pays on behalf of the FundCompany. (d) Subject to procuring any required regulatory approvals, from time to time the Fund Company may, alone or in conjunction with other accounts for which the Management Services Provider, or any Affiliate of the Management Services Provider, acts as general partner or investment adviser, purchase insurance in such amounts, from such insurers and on such terms as the Board of Directors Managers shall determine.. --------------------------------- ARTICLE IV TERMINATION OF STATUS OF MANAGERS, TRANSFERS AND REPURCHASES ---------------------------------

Fees, Expenses and Reimbursement. (a) So long as the Management Services Provider provides Management Services to the FundCompany, it shall be entitled to receive fees for such services as may be agreed to by the Management Services Provider and the Fund Company pursuant to the Management Agreement. (b) The Board of Directors may cause the Fund Company to compensate each Director who is not an officer or employee of the Management Services Provider (or of any Affiliate of the Management Services Provider) for his or her services as such. In addition, the Directors shall be reimbursed by the Fund Company for reasonable out-of-pocket expenses incurred by them in performing their duties under this Agreement. (c) The Fund Company shall bear all of its own operating expenses other than those specifically required to be borne by the Management Services Provider or another party pursuant to the Management Agreement or another agreement with the FundCompany. The Management Services Provider shall be entitled to reimbursement from the Fund Company for any expenses that it pays on behalf of the FundCompany. (d) Subject to procuring any required regulatory approvals, from time to time the Fund Company may, alone or in conjunction with other accounts for which the Management Services Provider, or any Affiliate of the Management Services Provider, acts as general partner or investment adviser, purchase insurance in such amounts, from such insurers and on such terms as the Board of Directors shall determine.

Fees, Expenses and Reimbursement. (a) So long as the Management Services Provider provides Management Services to the FundCompany, it shall be entitled to receive fees for such services as may be agreed to by the Management Services Provider and the Fund Company pursuant to the Management Agreement. (b) The Board of Directors Managers may cause the Fund Company to compensate each Director Manager who is not an officer or employee of the Management Services Provider (or of any Affiliate of the Management Services Provider) for his or her services as such. In addition, the Directors Managers shall be reimbursed by the Fund Company for reasonable out-of-pocket expenses incurred by them in performing their duties under this Agreement. (c) The Fund Company shall bear all of its own operating expenses other than those specifically required to be borne by the Management Services Provider or another party pursuant to the Management Agreement or another agreement with the FundCompany. The Management Services Provider shall be entitled to reimbursement from the Fund Company for any expenses that it pays on behalf of the FundCompany. (d) Subject to procuring any required regulatory approvals, from time to time the Fund Company may, alone or in conjunction with other accounts for which the Management Services Provider, or any Affiliate of the Management Services Provider, acts as general partner or investment adviser, purchase insurance in such amounts, from such insurers and on such terms as the Board of Directors Managers shall determine.. ---------------------------------

Fees, Expenses and Reimbursement. (a) So long as the Management Services Provider provides Management Services to the FundCompany, it shall be entitled to receive fees for such services as may be agreed to by the Management Services Provider and the Fund Company pursuant to the Management Agreement. (b) The Board of Directors Managers may cause the Fund Company to compensate each Director Manager who is not an officer or employee of the Management Services Provider (or of any Affiliate of the Management Services Provider) for his or her services as such. In addition, the Directors Managers shall be reimbursed by the Fund Company for reasonable out-of-pocket expenses incurred by them in performing their duties under this Agreement. (c) The Fund Company shall bear all of its own operating expenses other than those specifically required to be borne by the Management Services Provider or another party pursuant to the Management Agreement or another agreement with the FundCompany. The Management Services Provider shall be entitled to reimbursement from the Fund Company for any expenses that it pays on behalf of the FundCompany. (d) Subject to procuring any required regulatory approvals, from time to time the Fund Company may, alone or in conjunction with other accounts for which the Management Services Provider, or any Affiliate of the Management Services Provider, acts as general partner or investment adviser, purchase insurance in such amounts, from such insurers and on such terms as the Board of Directors Managers shall determine.. _________________________________