Common use of Limitation on Reimbursement Clause in Contracts

Limitation on Reimbursement. If the Fund should be liquidated during such five-year period prior to the complete amortization of all organizational expenses, neither the Fund nor the Trust shall have any duty to reimburse WAM for organizational expenses unamortized as of the time of liquidation.

Limitation on Reimbursement. If the a Fund should be liquidated during such the five-year period prior to the complete amortization of all organizational expensesand offering costs, neither the Fund nor the Trust shall have any duty to reimburse WAM CWAM for organizational expenses and/or offering costs unamortized as of the time of liquidation.

Limitation on Reimbursement. If the Fund should be liquidated during such five-year period prior to the complete amortization of all organizational expenses, neither the Fund nor the Trust shall have any duty to reimburse WAM the Adviser for organizational expenses of the Fund unamortized as of the time of liquidation.