Common use of Fund Expenses Clause in Contracts

Fund Expenses. The Trust on behalf of each Fund, assumes and shall pay or cause to be paid all expenses of a Fund not otherwise allocated in this Agreement. For avoidance of doubt, Fund expenses incurred shall be borne by the Funds and include, but are not limited to, initial organization and offering expenses; costs of maintaining corporate existence; taxes; costs of preferred shares; expenses of conducting repurchase orders for the purpose of repurchasing fund shares; transfer agency, custodial and dividend disbursing expenses; interest; compensation and expenses of the Trust’s trustees and compliance officers; brokerage fees and commissions; fees associated with Securities and Exchange Commission filings, including XXXXX fees and securities pricing data and expenses; regulatory fees; state and federal registration fees and fees for blue sky services; advisory, sub-advisory, administration and shareholder servicing fees; insurance premiums; fidelity bond premiums; costs relating to use of vendors to meet fund regulatory requirements, including liquidity vendors; costs relating to printing and delivery of materials in connection with meetings of the Trust’s trustees; costs relating to printing; Fund legal, accounting and audit expenses; and extraordinary expenses, including litigation affecting any Fund and legal obligations relating thereto for which the Fund may have to indemnify its Trustees or officers. In certain instances an Investment Adviser of a Fund in the Trust may elect to be responsible for certain Fund expenses but in no circumstance will any Fund expenses be borne by the Administrator. The Administrator may determine in its sole discretion which Fund expenses may be allocated to multiple Funds in the Trust or across all Funds in the Trust.

Fund Expenses. The Trust on behalf of each Fund, assumes and shall pay or cause to be paid all expenses of a Fund not otherwise allocated in this Agreement. For avoidance of doubt, Fund expenses incurred shall be borne by the Funds and include, but are not limited to, initial organization and offering expenses; costs of maintaining corporate existence; taxes; costs of preferred shares; expenses of conducting repurchase orders for the purpose of repurchasing fund shares; transfer agency, custodial and dividend disbursing expenses; interest; compensation and expenses of the Trust’s trustees and compliance officers; brokerage fees and commissions; fees associated with Securities and Exchange Commission filings, including XXXXX fees and securities pricing data and expenses; regulatory fees; state and federal registration fees and fees for blue sky services; advisory, sub-advisory, administration and shareholder servicing fees; insurance premiums; fidelity bond premiums; costs relating to use of vendors to meet fund regulatory requirements, including liquidity vendors; costs relating to printing and delivery of materials in connection with meetings of the Trust’s trustees; costs relating to printing; Fund legal, accounting and audit expenses; and extraordinary expenses, including litigation affecting any Fund and legal obligations relating thereto for which the Fund may have to indemnify its Trustees or officers. In certain instances an Investment Adviser of a Fund in the Trust may elect to be responsible for certain Fund expenses but in no circumstance will any Fund expenses be borne by the Administrator. The Administrator may determine in its sole discretion which Fund expenses may be allocated to multiple Funds in the Trust or across all Funds in the Trust.

Fund Expenses. The Trust on behalf of each Fund, hereby assumes and shall pay will pay, or cause to be paid paid, all expenses of a Fund the Trust and the Fund(s), either pursuant to those enumerated in this Schedule, or those not otherwise allocated in within this Agreement. For avoidance of doubt, Fund Such expenses incurred shall be borne by the Funds and include, but are not limited to, initial organization the following: ● Organizational expenses ● Costs and offering expenses; costs of maintaining corporate existence; taxes; costs of preferred shares; expenses of conducting repurchase orders for Trust meetings ● Taxes ● Investment Advisory fees payable to each Fund's investment Advisor ● Brokerage fees and commissions with regard to portfolio transactions of the purpose Fund(s) ● Auditing and legal expenses of repurchasing fund sharesthe Trust and the Fund(s) ● Interest charges, fees, and expenses of the custodian of the Fund(s)' portfolio securities ● Cost of maintenance of the Trust's and Fund(s)' existence as a legal entity; transfer agency● Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies ● Administrative expenses (including, custodial but not limited to, any fees, expenses, and dividend disbursing expenses; interest; compensation reimbursements payable to the Administrator under this Agreement) ● Litigation and other extraordinary or nonrecurring expenses involving the Trust or the Fund(s) ● Any actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon from time to time ● Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law ● Other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator ● Fees and expenses of the Trust’s trustees 's dividend dispersing and transfer agent(s) ● Outsourced compliance officers; brokerage fees services including compensation of the Chief Compliance Officer of the Trust and commissions; fees Fund(s) ● Costs and expenses of initial and ongoing registration of the Fund(s)' shares under Federal and State securities laws ● Costs of preparing (including typesetting), printing, and mailing reports, prospectuses, statements of additional information, proxy solicitation material, and notices to existing shareholders The Trust recognizes and agrees to pay the following specific amounts associated with Securities and Exchange Commission filings, including XXXXX fees and securities pricing data and the following common expenses; regulatory fees; state and federal registration fees and fees for blue sky services; advisory, sub-advisory, administration and shareholder servicing fees; insurance premiums; fidelity bond premiums; costs relating to use of vendors to meet fund regulatory requirements, including liquidity vendors; costs relating to printing and delivery of materials in connection with meetings of the Trust’s trustees; costs relating to printing; Fund legal, accounting and audit expenses; and extraordinary expenses, including litigation affecting any Fund and legal obligations relating thereto for which the Fund may have to indemnify its Trustees or officers. In certain instances an Investment Adviser of a Fund in the Trust may elect to be responsible for certain Fund expenses but in no circumstance will any Fund expenses be borne by the Administrator. The Administrator may determine in its sole discretion which Trust acknowledges that these expenses are either charged by, or based on charges from, third party service providers, and are therefore subject to change at any time and without notice: 1. Ultra Short Government Fund expenses may be allocated to multiple Funds in the Trust or across all Funds in the Trust.2. Ultra Short Prime Fund

Fund Expenses. The Trust on behalf of each Fund, assumes and shall pay or cause to be paid all expenses of a Fund not otherwise allocated in this Agreement. For avoidance of doubt, Fund expenses incurred shall be borne by the Funds and include, but are not limited to, initial organization and offering expenses; costs of maintaining corporate existence; taxes; costs of preferred shares; expenses of conducting repurchase orders for the purpose of repurchasing fund shares; transfer agency, custodial and dividend disbursing expenses; interest; compensation and expenses of the Trust’s trustees and compliance officers; brokerage fees and commissions; fees associated with Securities and Exchange Commission filings, including XXXXX fees and securities pricing data and expenses; regulatory fees; state and federal registration fees and fees for blue sky services; advisory, sub-advisory, administration and shareholder servicing fees; insurance premiums; fidelity bond premiums; costs relating to use of vendors to meet fund regulatory requirements, including liquidity vendors; costs relating to printing and delivery of materials in connection with meetings of the Trust’s trustees; costs relating to printing; Fund legal, accounting and audit expenses; and extraordinary expenses, including litigation affecting any Fund and legal obligations relating thereto for which the Fund may have to indemnify its Trustees or officers. In certain instances an Investment the Adviser of a Fund in the Trust may elect to be responsible for certain Fund expenses but in no circumstance will any Fund expenses be borne by the Administrator. The Administrator may determine in its sole discretion which Fund expenses may be allocated to multiple Funds in the Trust or across all Funds in the Trust.

Fund Expenses. The Trust on behalf of each Fund, assumes and Each Fund shall pay or cause to be paid all of its own expenses and its allocable share of Trust expenses incurred in managing its portfolio of Securities, including all commissions, xxxx-ups, transfer fees, registration fees, ticket charges, transfer taxes, custodian fees and similar expenses. Each Fund will also pay its allocable share of such extraordinary expenses as may arise including expenses incurred in connection with litigation, proceedings, and claims and the legal obligations of the Trust to indemnify its officers and Trustees and agents with respect thereto. Each Fund will promptly reimburse FIMC for any such expense to the extent advanced by FIMC. In no event will FIMC have any obligation to pay any of the Funds’ expenses, including without limitation, the expenses of a Fund not otherwise allocated in this Agreement. For avoidance organizing the Trust and continuing its existence; fees and expenses of doubt, Fund Trustees and officers of the Trust; fees for administrative personnel and services; expenses incurred shall be borne by in the Funds distribution of its shares (“Shares”), including expenses of administrative support services; fees and include, but are not limited to, initial organization expenses of preparing and offering expenses; costs printing its Registration Statements under the Securities Act of maintaining corporate existence; taxes; costs of preferred shares1933 and the 1940 Act; expenses of conducting repurchase orders for registering and qualifying the purpose Trust, the Funds, and Shares of repurchasing fund sharesthe Funds under federal and state laws and regulations; transfer agencyexpenses of preparing, custodial printing, and dividend disbursing expensesdistributing prospectuses (and any amendments thereto) to shareholders; interestinterest expense, taxes, fees, and commissions of every kind; compensation expenses of issue (including cost of Share certificates), purchase, repurchase, and redemption of Shares; charges and expenses of the Trust’s trustees custodians, transfer agents, dividend disbursing agents, shareholder servicing agents, and compliance officersregistrars; brokerage fees printing and mailing costs, auditing, accounting, and legal expenses; reports to shareholders and governmental officers and commissions; fees associated with Securities expenses of meetings of Trustees and Exchange Commission filingsshareholders and proxy solicitations therefor; insurance expenses; association membership dues and such nonrecurring items as may arise, including XXXXX fees all losses and securities pricing data and expenses; regulatory fees; state and federal registration fees and fees for blue sky services; advisory, sub-advisory, administration and shareholder servicing fees; insurance premiums; fidelity bond premiums; costs relating to use of vendors to meet fund regulatory requirements, including liquidity vendors; costs relating to printing and delivery of materials liabilities incurred in connection with meetings of administering the Trust’s trustees; costs relating to printing; Fund legal, accounting /Corporation and audit expenses; and extraordinary expenses, including litigation affecting any Fund and legal obligations relating thereto for which the Fund may have to indemnify its Trustees or officers. In certain instances an Investment Adviser of a Fund in the Trust may elect to be responsible for certain Fund expenses but in no circumstance will any Fund expenses be borne by the Administrator. The Administrator may determine in its sole discretion which Fund expenses may be allocated to multiple Funds in the Trust or across all Funds in the TrustFunds.

Fund Expenses. The Trust on behalf of each Fund, hereby assumes and shall pay will pay, or cause to be paid paid, all expenses of a Fund the Trust and the Fund(s), either pursuant to those enumerated in this Schedule, or those not otherwise allocated in within this Agreement. For avoidance of doubt, Fund Such expenses incurred shall be borne by the Funds and include, but are not limited to, initial organization the following: · Organizational expenses · Costs and offering expenses; costs of maintaining corporate existence; taxes; costs of preferred shares; expenses of conducting repurchase orders for Trust meetings · Taxes · Investment Advisory fees payable to each Fund's investment Advisor · Brokerage fees and commissions with regard to portfolio transactions of the purpose Fund(s) · Auditing and legal expenses of repurchasing fund sharesthe Trust and the Fund(s) · Interest charges, fees, and expenses of the custodian of the Fund(s)' portfolio securities · Cost of maintenance of the Trust's and Fund(s)' existence as a legal entity; transfer agency· Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies · Administrative expenses (including, custodial but not limited to, any fees, expenses, and dividend disbursing expenses; interest; compensation reimbursements payable to the Administrator under this Agreement) · Litigation and other extraordinary or nonrecurring expenses involving the Trust or the Fund(s) · Any actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon from time to time · Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law · Other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator · Fees and expenses of the Trust’s trustees 's dividend dispersing and transfer agent(s) · Outsourced compliance officers; brokerage fees services including compensation of the Chief Compliance Officer of the Trust and commissions; fees Fund(s) · Costs and expenses of initial and ongoing registration of the Fund(s)' shares under Federal and State securities laws · Costs of preparing (including typesetting), printing, and mailing reports, prospectuses, statements of additional information, proxy solicitation material, and notices to existing shareholders The Trust recognizes and agrees to pay the following specific amounts associated with Securities and Exchange Commission filings, including XXXXX fees and securities pricing data and the following common expenses; regulatory fees; state and federal registration fees and fees for blue sky services; advisory, sub-advisory, administration and shareholder servicing fees; insurance premiums; fidelity bond premiums; costs relating to use of vendors to meet fund regulatory requirements, including liquidity vendors; costs relating to printing and delivery of materials in connection with meetings of the Trust’s trustees; costs relating to printing; Fund legal, accounting and audit expenses; and extraordinary expenses, including litigation affecting any Fund and legal obligations relating thereto for which the Fund may have to indemnify its Trustees or officers. In certain instances an Investment Adviser of a Fund in the Trust may elect to be responsible for certain Fund expenses but in no circumstance will any Fund expenses be borne by the Administrator. The Administrator may determine in its sole discretion which Fund Trust acknowledges that these expenses may be allocated are either charged by, or based on charges from, third party service providers, and are therefore subject to multiple Funds in the Trust or across all Funds in the Trust.change at any time and without notice:

Fund Expenses. The Trust on behalf Fund shall bear the following expenses: i. Salaries and other compensation or expenses, including travel expenses, of each any of the Fund’s executive officers and employees, if any, who are not officers, directors, shareholders, members, partners or employees of the Administrator or its subsidiaries or affiliates; ii. Taxes and governmental fees, if any, levied against the Fund; iii. Brokerage fees and commissions, and other portfolio transaction expenses incurred by or for the Fund (including, without limitation, fees and expenses of outside legal counsel or third-party consultants retained in connection with reviewing, negotiating and structuring specialized loans and other investments made by the Fund, assumes and shall pay any costs associated with originating loans, asset securitizations, alternative lending-related strategies and so-called “broken-deal costs” (e.g., fees, costs, expenses and liabilities, including, for example, due diligence-related fees, costs, expenses and liabilities, with respect to unconsummated investments)); iv. Expenses of the Fund’s securities lending (if any), including any securities lending agent fees, as governed by a separate securities lending agreement; v. Costs, including interest expenses, of borrowing money or cause to be paid all expenses engaging in other types of a Fund not otherwise allocated in this Agreement. For avoidance of doubtleverage financing including, Fund expenses incurred shall be borne without limitation, through the use by the Funds Fund of reverse repurchase agreements, dollar rolls, bank borrowings, credit facilities and includetender option bonds; vi. Costs, but are not limited toincluding dividend and/or interest expenses and other costs (including, initial organization without limitation, offering and offering expenses; costs of maintaining corporate existence; taxes; costs related legal costs, fees to brokers, fees to auction agents, fees to transfer agents, fees to ratings agencies and fees to auditors associated with satisfying ratings agency requirements for preferred shares or other securities issued by the Fund and other related requirements in the Fund’s organizational documents) associated with the Fund’s issuance, offering, redemption and maintenance of preferred shares; expenses , commercial paper or other instruments (such as the use of conducting reverse repurchase orders agreements, dollar rolls, bank borrowings, credit facilities and tender option bonds) for the purpose of repurchasing fund shares; transfer agency, custodial and dividend disbursing expenses; interest; compensation incurring leverage; vii. Fees and expenses of any underlying funds or other pooled vehicles in which the Trust’s trustees Fund invests; viii. Dividend and compliance officers; brokerage interest expenses on short positions taken by the Fund; ix. Fees and expenses, including reasonable travel expenses and technology support, and fees and commissions; fees associated with Securities and Exchange Commission filingsexpenses of legal counsel retained for their benefit, of Trustees who are not officers, employees, partners, shareholders or members of the Administrator or its subsidiaries or affiliates; x. Extraordinary expenses, including XXXXX fees and securities pricing data and extraordinary legal expenses; regulatory fees; state and federal registration fees and fees for blue sky services; advisory, sub-advisoryas may arise, administration and shareholder servicing fees; insurance premiums; fidelity bond premiums; costs relating to use of vendors to meet fund regulatory requirementsincluding, including liquidity vendors; costs relating to printing and delivery of materials without limitation, expenses incurred in connection with meetings litigation, proceedings, other claims, and the legal obligations of the Trust’s trustees; costs relating Fund to indemnify its Trustees, officers, employees, shareholders, distributors, and agents with respect thereto; xi. Fees and expenses, including legal, printing and mailing, solicitation and other fees and expenses associated with and incident to shareholder meetings and proxy solicitations involving contested elections of Trustees, shareholder proposals or other non-routine matters that are not initiated or proposed by Fund management; xii. Organizational and offering expenses of the Fund, including registration (including share registration fees), legal, marketing, printing; Fund legal, accounting and audit expenses; and extraordinary other expenses, including litigation affecting any Fund and legal obligations relating thereto for which associated with organizing the Fund may have in its state of jurisdiction and in connection with the initial registration of the Fund under the 1940 Act and the initial registration of its shares under the Securities Act of 1933 (i.e., through the effectiveness of the Fund’s initial registration statement on Form N-2) and fees and expenses associated with seeking, applying for and obtaining formal exemptive, no-action and/or other relief from the SEC in connection with the issuance of multiple share classes and in connection with co-investment transactions, if any; xiii. Except as otherwise specified herein as an expense of the Administrator, any expenses allocated or allocable to indemnify its Trustees a specific class of shares, including without limitation Sub-Transfer Agency Expenses and distribution and/or service fees paid pursuant to a Rule 12b-1 or officers. In certain instances an Investment Adviser of a Fund in the Trust may elect to be responsible for certain Fund expenses but in no circumstance will any Fund expenses be borne similar plan adopted by the AdministratorTrustees of the Fund for a particular share class; and xiv. The Administrator may determine Expenses of the Fund which are capitalized in its sole discretion which Fund expenses may be allocated to multiple Funds in the Trust or across all Funds in the Trustaccordance with generally accepted accounting principles.