Common use of Payment of Trust Expenses and Compensation of Trustees Clause in Contracts

Payment of Trust Expenses and Compensation of Trustees. The ------------------------------------------------------ Trustees are authorized to pay or cause to be paid out of the principal or income of the Trust or any Sub-Trust or classes thereof, or partly out of principal and partly out of income, and to charge or allocate the same to, between or among such one or more of the Sub-Trusts or classes thereof that may be established and designated pursuant to Article IV, as the Trustees deem fair, all expenses, fees, charges, taxes and liabilities incurred or arising in connection with the Trust or any Sub-Trust or classes thereof or in connection with the management thereof, including, but not limited to, the Trustees' compensation and such expenses and charges for the services of the Trust's officers, employees, investment adviser, administrator, distributor, principal underwriter, auditor, counsel, depository, custodian, transfer agent, dividend disbursing agent, accounting agent, Shareholder servicing agent, and such other agents, consultants, and independent contractors and such other expenses and charges as the Trustees may deem necessary or proper to incur; provided, however, that all expenses, fees, charges, taxes and liabilities incurred or arising in connection with a particular Sub-Trust or class thereof as determined by the Trustees, shall be payable solely out of the assets of that Sub-Trust or class thereof. Without limiting the generality of any other provision hereof, the Trustees shall be entitled to reasonable compensation from the Trust for their services as Trustees and may fix the amount of such compensation.

Payment of Trust Expenses and Compensation of Trustees. The ------------------------------------------------------ Trustees are authorized to pay or to cause to be paid out of the principal or income of the Trust or any Sub-Trust or classes thereofTrust, or partly out of principal and partly out of income, and to charge or allocate the same to, between between, or among such one or more of the Sub-Trusts and/or one or more classes of Shares thereof that may be established and designated pursuant to Article IV, as the Trustees deem fair, all expenses, fees, charges, taxes taxes, and liabilities incurred or arising in connection with the Trust or Trust, any Sub-Trust or classes thereof and/or any class of Shares thereof, or in connection with the management thereof, including, but not limited to, the Trustees' compensation and such expenses and charges for the services of the Trust's officers, employees, investment adviser, administrator, distributor, principal underwriter, auditor, counsel, depository, custodian, transfer agent, dividend disbursing agent, accounting agent, Shareholder servicing agent, and such other agents, consultants, and independent contractors and such other expenses and charges as the Trustees may deem necessary or proper to incur; provided, however, that all expenses, fees, charges, taxes and liabilities incurred or arising in connection with a particular Sub-Trust or class thereof as determined by the Trustees, shall be payable solely out of the assets of that Sub-Trust or class thereof. Without limiting the generality of any other provision hereof, the Trustees shall be entitled to reasonable compensation from the Trust for their services as Trustees trustees of the Trust and may fix the amount of such compensation. Nothing herein shall in any way prevent the employment of any Trustee for special services, including legal, accounting, advisory, management or other services and payment for the same by the Trust. Except to the extent expressly provided in a written agreement with the Trust, no Trustee resigning and no Trustee removed shall have any right to any compensation for any period following his resignation or removal, or any right to damages on account of such removal. The Trustees shall have the power, as frequently as they may determine, to cause each Shareholder, or each Shareholder of any particular Sub-Trust, to pay directly, in advance or arrears, for charges of the Trust's custodian or transfer, Shareholder servicing or similar agent, an amount fixed from time to time by the Trustees, by setting off such charges due from such Shareholder from declared but unpaid dividends owed such Shareholder and/or by reducing the number of Shares in the account of such Shareholder by that number of full and/or fractional Shares which represents the outstanding amount of such charges due from such Shareholder.

Payment of Trust Expenses and Compensation of Trustees. The ------------------------------------------------------ Trustees are authorized to pay or to cause to be paid out of the principal or income of the Trust or any Sub-Trust or classes thereofTrust, or partly out of principal and partly out of income, and to charge or allocate the same to, between or among such one or more of the Sub-Trusts Portfolios (or classes thereof Classes thereof) that may be established and designated pursuant to Article IV, as the Trustees deem fair, all expenses, fees, charges, taxes and liabilities incurred or arising in connection with the Trust or any Sub-Trust or classes thereof Trust, or in connection with the management thereof, including, but not limited to, the Trustees' compensation and such expenses and charges for the services of the Trust's officers, employees, investment adviser, administrator, distributor, principal underwriter, auditor, counsel, depository, custodian, transfer agent, dividend disbursing agent, accounting agent, Shareholder Unitholder servicing agent, and such other agents, consultants, and independent contractors and such other expenses and charges as the Trustees may deem necessary or proper to incur; provided. Allocation of expenses among separate Portfolios or among separate Classes within any Portfolio shall be made in an equitable and nondiscriminatory manner, however, that all expenses, fees, charges, taxes with each Class bearing only expenses relating to its Units and liabilities incurred or arising an allocable share of Portfolio expenses in connection accordance with a particular Sub-such policies as may be established by the Trustees from time to time and as are not inconsistent with the provisions of this Declaration of Trust or class thereof as determined of any applicable document filed by the TrusteesTrust with the Securities and Exchange Commission under the 1940 Act or with the Internal Revenue Service under the Internal Revenue Code of 1986, shall be payable solely out of the assets of that Sub-Trust or class thereofas amended. Without limiting the generality of any other provision hereof, the Trustees shall be entitled to reasonable compensation from the Trust for their services as Trustees and may fix the amount of such compensation.

Payment of Trust Expenses and Compensation of Trustees. The ------------------------------------------------------ Trustees are authorized to pay or to cause to be paid out of the principal or income of the Trust or any Sub-Trust or classes thereofTrust, or partly out of principal and partly out of income, and to charge or allocate the same to, between between, or among such one or more of the Sub-Trusts and/or one or more classes of Shares thereof that may be established and designated pursuant to Article IV, as the Trustees deem fair, all expenses, fees, charges, taxes taxes, and liabilities incurred or arising in connection with the Trust or Trust, any Sub-Trust or classes thereof and/or any class of Shares thereof, or in connection with the management thereof, including, but not limited to, the Trustees' compensation and such expenses and charges for the services of the Trust's officers, employees, investment adviser, administrator, distributor, principal underwriter, auditor, counsel, depository, custodian, transfer agent, dividend disbursing agent, accounting agent, Shareholder servicing agent, and such other agents, consultants, and independent contractors and such other expenses and charges as the Trustees may deem necessary or proper to incur; provided, however, that all expenses, fees, charges, taxes and liabilities incurred or arising in connection with a particular Sub-Trust or class thereof as determined by the Trustees, shall be payable solely out of the assets of that Sub-Trust or class thereof. Without limiting the generality of any other provision hereof, the Trustees shall be entitled to reasonable compensation from the Trust for their services as Trustees trustees of the Trust and may fix the amount of such compensation. Nothing herein shall in any way prevent the employment of any Trustee for special services, including legal, accounting, advisory, management or other services and payment for the same by the Trust. Except to the extent expressly provided in a written agreement with the Trust, no Trustee resigning and no Trustee removed shall have any right to any compensation for any period following his resignation or removal, or any right to damages on account of such removal. The Trustees shall have the power, as frequently as they may determine, to cause each Shareholder, or each Shareholder of any particular Sub-Trust, to pay directly, in advance or arrears, for charges of the Trust"s custodian or transfer, Shareholder servicing or similar agent, an amount fixed from time to time by the Trustees, by setting off such charges due from such Shareholder from declared but unpaid dividends owed such Shareholder and/or by reducing the number of Shares in the account of such Shareholder by that number of full and/or fractional Shares which represents the outstanding amount of such charges due from such Shareholder.

Payment of Trust Expenses and Compensation of Trustees. The ------------------------------------------------------ Trustees are authorized to pay or to cause to be paid out of the principal or income of the Trust or any Sub-Trust Series or classes Class thereof, or partly out of principal and partly out of income, and to charge or allocate the same to, between or among such with one or more of the Sub-Trusts Series or classes Classes thereof that may be established and designated pursuant to Article IV, as the Trustees deem fair, all expenses, fees, charges, taxes and liabilities incurred or arising in connection with the Trust or any Sub-Trust Series or classes thereof Class thereof, or in connection with the management thereof, including, but not limited to, the Trustees' compensation and such expenses and charges for the services of the Trust's officers, employees, investment adviser, administrator, distributor, principal underwriter, auditor, counsel, depository, custodian, transfer agent, dividend disbursing agent, accounting agent, Shareholder servicing agent, and such other agents, consultants, and independent contractors and such other expenses and charges as the Trustees may deem necessary or proper to incur; provided. Allocation of expenses among separate Series or among separate Classes within any Series shall be made in an equitable and nondiscriminatory manner, however, that all expenses, fees, charges, taxes with each Class bearing only expenses relating to its Shares and liabilities incurred or arising an allocable share of Series expenses in connection accordance with a particular Sub-such policies as may be established by the Trustees from time to time and as are not inconsistent with the provisions of this Declaration of Trust or class thereof as determined of any applicable document filed by the TrusteesTrust with the Commission under the 1940 Act or with the Internal Revenue Service under the Internal Revenue Code of 1986, shall be payable solely out of the assets of that Sub-Trust or class thereofas amended. Without limiting the generality of any other provision hereof, the Trustees shall be entitled to reasonable compensation from the Trust for their services as Trustees and may fix the amount of such compensation.