Common use of OTHER SERVICES AND ASSUMPTION OF CERTAIN EXPENSES Clause in Contracts

OTHER SERVICES AND ASSUMPTION OF CERTAIN EXPENSES. The Manager shall furnish to the Trust, on behalf of each Portfolio: (i) the services of a President and such other executive officers as may be requested by each Portfolio, (ii) office space and customary office facilities to the extent that each Portfolio's activities occur in New York, (iii) maintain Portfolio records not otherwise maintained by each Portfolio's custodian, distributor or sub-investment managers, and (iv) all accounting, administrative, clerical, secretarial and statistical services as may be required by each Portfolio for the operation of its business and compliance with applicable laws. The Manager shall pay the compensation of all officers of the Trust on behalf of each Portfolio and all customary operating and other expenses of each Portfolio except interest charges, taxes, brokerage fees and commissions, extraordinary legal and accounting fees, state (bluesky) and SEC registration fees, and other extraordinary expenses including expenses incurred in connection with litigation proceedings, other claims and the legal obligations of the Trust to indemnify its trustees, officers, employees, shareholders, distributors and other agents of the Trust, payments made pursuant to the Trust's Distribution Plan, and the fees of the disinterested Trustees. The Manager may contract with other parties to perform any of the ordinary administrative services required of the Manager; provided, however any such compensation will be the responsibility of the Manager.

OTHER SERVICES AND ASSUMPTION OF CERTAIN EXPENSES. The Manager shall furnish to the Trust, on behalf of each the Portfolio: (i) the services of a President and such other executive officers as may be requested by each the Portfolio, (ii) office space and customary office facilities to the extent that each the Portfolio's activities occur in New York, (iii) maintain Portfolio records not otherwise maintained by each the Portfolio's custodian, distributor or sub-investment managers, and (iv) all accounting, administrative, clerical, secretarial and statistical services as may be required by each the Portfolio for the operation of its business and compliance with applicable laws. The Manager shall pay the compensation of all officers of the Trust on behalf of each the Portfolio and all customary operating and other expenses of each the Portfolio except interest charges, taxes, brokerage fees and commissions, extraordinary legal and accounting fees, state (bluesky) and SEC registration fees, fees and other extraordinary expenses including expenses incurred in connection with litigation proceedings, other claims and the legal obligations of the Trust to indemnify its trustees, officers, employees, shareholders, distributors and other agents of the Trust, payments made pursuant to the Trust's Distribution Plan, state (blue sky) and SEC registration fees, and the fees and costs of the disinterested Trustees. The Manager may contract with other parties to perform any of the ordinary administrative services required of the Manager; provided, however any such compensation will be the responsibility of the Manager.

OTHER SERVICES AND ASSUMPTION OF CERTAIN EXPENSES. The Manager shall furnish to the Trust, on behalf of each Portfoliothe Fund: (i) the services of a President and such other executive officers as may be requested by each Portfoliothe Fund, (ii) office space and customary office facilities to the extent that each Portfoliothe Fund's activities occur in New York, (iii) maintain Portfolio Fund records not otherwise maintained by each Portfoliothe Fund's custodian, distributor or sub-investment managers, and (iv) all accounting, administrative, clerical, secretarial and statistical services as may be required by each Portfolio the Fund for the operation of its business and compliance with applicable laws. The Manager shall pay the compensation of all officers of the Trust on behalf of each Portfolio the Fund and all customary operating and other expenses of each Portfolio the Fund except interest charges, taxes, brokerage fees and commissions, extraordinary legal and accounting fees, state (bluesky) and SEC registration fees, fees and other extraordinary expenses including expenses incurred in connection with litigation proceedings, other claims and the legal obligations of the Trust to indemnify its trustees, officers, employees, shareholders, distributors and other agents of the Trust, payments made pursuant to the Trust's Distribution Plan, and the fees of the disinterested TrusteesTrustees who are not interest persons of the Manager as defined in the Investment Company Act. The Manager may contract with other parties to perform any of the ordinary administrative services required of the Manager; provided, however any such compensation will be the responsibility of the Manager.