Common use of Operating Expenses; Fees Clause in Contracts

Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 3 VRDP Shares) as operating expenses. (b) On the Effective Date, the Fund shall pay up to $25,000 of the fees and expenses of the Purchaser’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the Series 3 VRDP Shares (the “Voting Trust”). (c) The Fund shall pay up to $13,500 annually, beginning with the calendar year ending December 31, 2016, of the fees and expenses incurred by the Purchaser in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) the Purchaser’s transfer or sale of all of the Series 3 VRDP Shares; (3) the end of the 2016 Special Rate Period (as it may be extended in accordance with the Notice); and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.3, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.

Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 3 VRDP VMTP Shares) as operating expenses. (b) On the Effective Date, the Fund shall pay up to $25,000 65,000 of the fees and expenses of the Purchaser’s Closing Date Purchasers’ outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the Series 3 VRDP VMTP Shares (the “Voting Trust”). (c) The Fund shall pay up to $13,500 annually, beginning with the calendar year ending December 31, 20162018, of the fees and expenses incurred by the Purchaser Xxxxx Fargo in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) the PurchaserXxxxx Fargo’s transfer or sale of all of the Series 3 VRDP VMTP Shares; (3) the end of the 2016 Special Rate Period (as it may be extended in accordance with the Notice)Term Redemption Date; and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.32.2, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.

Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 3 VRDP MFP Shares) as operating expenses. (b) On the Effective Date, the Fund shall pay up to $25,000 of the fees and expenses of the Purchaser’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the Series 3 VRDP MFP Shares (the “Voting Trust”). (c) The Fund shall pay up to $13,500 annually, beginning with the calendar year ending December 31, 20162018, of the fees and expenses incurred by the Purchaser in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) the Purchaser’s transfer or sale of all of the Series 3 VRDP MFP Shares; (3) the end of the 2016 Special Variable Rate Period (as it may be extended in accordance with the Notice)Mode; and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.3, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For the avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.

Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 3 VRDP New VMTP Shares) as operating expenses. (b) On the Effective Date, the Fund shall pay up to $25,000 40,000 of the fees and expenses of the PurchaserXxxxx Fargo’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the Series 3 VRDP New VMTP Shares (the “Voting Trust”). (c) The Fund shall pay up to $13,500 16,250 annually, beginning with the calendar year ending December 31, 20162013, of the fees and expenses incurred by the Purchaser Xxxxx Fargo in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) the PurchaserXxxxx Fargo’s transfer or sale of all of the Series 3 VRDP New VMTP Shares; (3) the end of the 2016 Special Rate Period (as it may be extended in accordance with the Notice)Term Redemption Date; and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.32.2, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.

Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 3 VRDP MFP Shares) as operating expenses. (b) On the Effective Date, the Fund shall pay up to $25,000 35,000 of the fees and expenses of the Purchaser’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the Series 3 VRDP MFP Shares (the “Voting Trust”). (c) The Fund shall pay up to $13,500 annually, beginning with the calendar year ending December 31, 20162018, of the fees and expenses incurred by the Purchaser in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) the Purchaser’s transfer or sale of all of the Series 3 VRDP MFP Shares; (3) the end of the 2016 Special Variable Rate Period (as it may be extended in accordance with the Notice)Mode; and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.3, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.

Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 3 VRDP VMTP Shares) as operating expenses. (b) On the Effective Date, the Fund shall pay up to $25,000 40,000 of the fees and expenses of the PurchaserXxxxx Fargo’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the Series 3 VRDP VMTP Shares (the “Voting Trust”). (c) The Fund shall pay up to $13,500 16,250 annually, beginning with the calendar year ending December 31, 20162014, of the fees and expenses incurred by the Purchaser Xxxxx Fargo in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) the PurchaserXxxxx Fargo’s transfer or sale of all of the Series 3 VRDP VMTP Shares; (3) the end of the 2016 Special Rate Period (as it may be extended in accordance with the Notice)Term Redemption Date; and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.32.2, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.

Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 3 2 VRDP Shares) as operating expenses. (b) On the Effective Date, the Fund shall pay up to $25,000 of the fees and expenses of the Purchaser’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the Series 3 2 VRDP Shares (the “Voting Trust”). (c) The Fund shall pay up to $13,500 annually, beginning with the calendar year ending December 31, 2016, of the fees and expenses incurred by the Purchaser in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) the Purchaser’s transfer or sale of all of the Series 3 2 VRDP Shares; (3) the end of the 2016 Special Rate Period (as it may be extended in accordance with the Notice); and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.3, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.

Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 3 VRDP New VMTP Shares) as operating expenses. (b) On the Effective Date, the Fund shall pay up to $25,000 of the fees and expenses of the PurchaserXxxxx Fargo’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the Series 3 VRDP New VMTP Shares (the “Voting Trust”). (c) The Fund shall pay up to $13,500 annually, beginning with the calendar year ending December 31, 2016, of the fees and expenses incurred by the Purchaser Xxxxx Fargo in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) the PurchaserXxxxx Fargo’s transfer or sale of all of the Series 3 VRDP New VMTP Shares; (3) the end of the 2016 Special Rate Period (as it may be extended in accordance with the Notice)Term Redemption Date; and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.32.2, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.

Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 3 8 VRDP Shares) as operating expenses. (b) On the Effective Date, the Fund shall pay up to $25,000 40,000 of the fees and expenses of the Purchaser’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the Series 3 8 VRDP Shares (the “Voting Trust”). (c) The Fund shall pay up to $13,500 annually, beginning with the calendar year ending December 31, 20162017, of the fees and expenses incurred by the Purchaser in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) the Purchaser’s transfer or sale of all of the Series 3 8 VRDP Shares; (3) the end of the 2016 Adjustable Rate Special Rate Period (as it may be extended in accordance with the Notice)Period; and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.3, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.

Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 3 1 VRDP Shares) as operating expenses. (b) On the Effective Date, the Fund shall pay up to $25,000 40,000 of the fees and expenses of the Purchaser’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the Series 3 1 VRDP Shares (the “Voting Trust”). (c) The Fund shall pay up to $13,500 annually, beginning with the calendar year ending December 31, 20162017, of the fees and expenses incurred by the Purchaser in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) the Purchaser’s transfer or sale of all of the Series 3 1 VRDP Shares; (3) the end of the 2016 Special Initial Rate Period (as it may be extended in accordance with the Notice); and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.3, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.

Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 3 5 VRDP Shares) as operating expenses. (b) On the Effective Date, the Fund shall pay up to $25,000 50,000 of the fees and expenses of the Purchaser’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the Series 3 5 VRDP Shares (the “Voting Trust”). (c) The Fund shall pay up to $13,500 annually, beginning with the calendar year ending December 31, 2016, of the fees and expenses incurred by the Purchaser in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) the Purchaser’s transfer or sale of all of the Series 3 5 VRDP Shares; (3) the end of the 2016 Special Rate Period (as it may be extended in accordance with the Notice); and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.3, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.

Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 3 VRDP New VMTP Shares) as operating expenses. (b) On the Effective Date, the Fund shall pay up to $25,000 50,000 of the fees and expenses of the Purchaser’s Purchasers’ outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the Series 3 VRDP New VMTP Shares (the “Voting Trust”). (c) The Fund shall pay up to $13,500 16,250 annually, beginning with the calendar year ending December 31, 20162013, of the fees and expenses incurred by the Purchaser Purchasers in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) the Purchaser’s transfer or sale failure of all Purchasers and their affiliates to own any of the Series 3 VRDP New VMTP Shares; (3) the end of the 2016 Special Rate Period (as it may be extended in accordance with the Notice)Term Redemption Date; and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.3, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.

Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 3 1 VRDP Shares) as operating expenses. (b) On the Effective Date, the Fund shall pay up to $25,000 40,000 of the fees and expenses of the Purchaser’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the Series 3 1 VRDP Shares (the “Voting Trust”). (c) The Fund shall pay up to $13,500 annually, beginning with the calendar year ending December 31, 20162018, of the fees and expenses incurred by the Purchaser in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) the Purchaser’s transfer or sale of all of the Series 3 1 VRDP Shares; (3) the end of the 2016 Adjustable Rate Special Rate Period (as it may be extended in accordance with the Notice)Period; and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.3, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.

Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the Series 3 VRDP VMTP Shares) as operating expenses. (b) On the Effective Date, the Fund shall pay up to $25,000 70,000 of the fees and expenses of the PurchaserXxxxx Fargo’s outside counsel in connection with (i) the negotiation and documentation of the transactions contemplated by this Agreement and (ii) the initial organization and set up of a voting trust to be formed with respect to the Series 3 VRDP VMTP Shares (the “Voting Trust”). (c) The Fund shall pay up to $13,500 annually, beginning with the calendar year ending December 31, 20162017, of the fees and expenses incurred by the Purchaser Xxxxx Fargo in connection with ongoing maintenance and operation of the Voting Trust, until the earliest to occur of (1) the termination of the Voting Trust; (2) the PurchaserXxxxx Fargo’s transfer or sale of all of the Series 3 VRDP VMTP Shares; (3) the end of the 2016 Special Rate Period (as it may be extended in accordance with the Notice)Term Redemption Date; and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.32.2, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice. For avoidance of doubt, the Fund’s responsibilities with respect to the fees and expenses described in subsections (b) (ii) and (c) are exclusive of each other.