Limitations on Repayments. A Fund will make no repayment if during the year in which the Investment Adviser seeks such repayments, the fund’s operating expenses exceed either (a) the Operating Expense Limit in effect at the time of the original fee waiver or expense reimbursement, or (b) the Operating Expense Limit in effect at the time the Investment Adviser seeks such repayment. Any amounts repaid pursuant to Section 3.1 of this Agreement shall not include any additional charges, fees or interest.
Appears in 9 contracts
Samples: Expense Limitation Agreement (Victory Portfolios Iii), Expense Limitation Agreement (Victory Portfolios), Expense Limitation Agreement (Victory Portfolios II)
Limitations on Repayments. A Fund will make no repayment if during the year in which the Investment Adviser seeks such repayments, the fund’s 's operating expenses exceed either (a) the Operating Expense Limit in effect at the time of the original fee waiver or expense reimbursement, or (b) the Operating Expense Limit in effect at the time the Investment Adviser seeks such repayment. Any amounts repaid pursuant to Section 3.1 of this Agreement shall not include any additional charges, fees or interest.
Appears in 2 contracts
Samples: Expense Limitation Agreement (Usaa Mutual Funds Trust), Transfer Agency Agreement (Usaa Mutual Funds Trust)
Limitations on Repayments. A Fund will make no repayment if during the year in which the Investment Adviser seeks such repaymentsrepayment, the fundFund’s operating expenses exceed either (a) the Operating Expense Limit in effect at the time of the original fee waiver or expense reimbursement, or (b) the Operating Expense Limit in effect at the time the Investment Adviser seeks such repayment. Any amounts repaid pursuant to Section 3.1 of this Agreement shall not include any additional charges, fees or interest.
Appears in 1 contract
Limitations on Repayments. A Fund will make no repayment if if, during the year in which the Investment Adviser seeks such repayments, the fund’s Fund's operating expenses exceed either (a) the Operating Expense Limit lesser of any operating expense limits in effect at the time of of: (a) the original fee waiver or expense reimbursement, ; or (b) the Operating Expense Limit in recoupment, after giving effect at to the time the Investment Adviser seeks such repaymentrecoupment amount. Any amounts repaid pursuant to Section 3.1 of this Agreement shall not include any additional charges, fees or interest.
Appears in 1 contract
Samples: Expense Limitation Agreement (Usaa Mutual Funds Trust)
