Funds Management’s Obligations Following Non-Renewal of a Commitment. Following any non-renewal of a Commitment with respect to one or more specified Funds pursuant to Subsection 2(b), Funds Management will nevertheless maintain the listed Capped Operating Expense Ratio of the Fund until such time as (i) Funds Management provides notice to the Board that it is reinstating the Commitment with respect to the Fund at the same or a reduced Capped Operating Expense Ratio, in which case the provisions of Subsection 2(b) shall govern thereafter; (ii) the Board approves an increase in the listed Capped Operating Expense Ratio, in which case the provisions of Subsection 2(d) shall govern; or (iii) the Board approves the elimination of any obligation to maintain a specified ratio.
Appears in 6 contracts
Samples: Fee and Expense Agreement (Allspring Variable Trust), Fee and Expense Agreement (Allspring Variable Trust), Fee and Expense Agreement (Allspring VARIABLE TRUST)
