Common use of Liabilities and Expenses Clause in Contracts

Liabilities and Expenses. 6.1 The Acquiring Fund shall acquire all liabilities of the Acquired Fund, whether known or unknown, or contingent or determined. The Acquired Fund will discharge all known liabilities, so far as may be possible, prior to the Closing Date. The Acquired Fund shall bear the expenses of carrying out this Agreement, except as provided below in Section 6.2, provided that any costs of portfolio repositioning are to be borne by the Fund that directly incurs them. 6.2 The Acquired Fund shall bear the expenses of carrying out this Agreement, provided that (i) the Adviser will bear 23% of such expenses (not including the costs described in clause (ii)), and (ii) any costs of portfolio rebalancing are to be borne by the Fund that directly incurs them, and provided further, that the party bearing expenses under this Agreement shall pay such expenses directly.

Liabilities and Expenses. 6.1 The Acquiring Fund shall acquire all liabilities of the Acquired Fund, whether known or unknown, or contingent or determined. The Acquired Fund will discharge all known liabilities, so far as may be possible, prior to the Closing Date. The Acquired Fund shall bear the expenses of carrying out this Agreement, except as provided below in Section 6.2, provided that any costs of portfolio repositioning are to be borne by the Fund that directly incurs them. 6.2 The Acquired Fund shall bear the expenses of carrying out this Agreement, provided that (i) the Adviser will bear 2376% of such expenses (not including the costs described in clause (ii)), and (ii) any costs of portfolio rebalancing are to be borne by the Fund that directly incurs them, and provided further, that the party bearing expenses under this Agreement shall pay such expenses directly.

Liabilities and Expenses. 6.1 The Acquiring Fund shall acquire all liabilities of the Acquired Fund, whether known or unknown, or contingent or determined. The Acquired Fund will discharge all known liabilities, so far as may be possible, prior to the Closing Date. The Acquired Fund shall bear the expenses of carrying out this Agreement, except as provided below in Section 6.2, provided that any costs of portfolio repositioning are to be borne by the Fund that directly incurs them. 6.2 The Acquired Fund shall bear the expenses of carrying out this Agreement, provided that (i) the Adviser will bear 2320% of such expenses (not including the costs described in clause (ii)), and (ii) any costs of portfolio rebalancing are to be borne by the Fund that directly incurs them, and provided further, that the party bearing expenses under this Agreement shall pay such expenses directly.