Common use of REIMBURSEMENT OF CERTAIN FUND EXPENSES Clause in Contracts

REIMBURSEMENT OF CERTAIN FUND EXPENSES. If in any fiscal year of the Fund the normal operating expenses of the Fund chargeable to its income account shall exceed the lowest applicable percentage of average net assets or income limitations prescribed by any state in which Fund shares are qualified for sale, the Manager will pay the Fund, as promptly as practical after the end of such year, an amount equal to such excess. For purposes of this Section 7, "normal operating expenses" shall include the Section 4 investment advisory fee, the Section 5 monthly reimbursement, and the expenses enumerated in subsection 6(b), but shall not include the expenses enumerated in subsection 6(a).

REIMBURSEMENT OF CERTAIN FUND EXPENSES. If in any fiscal year of the Fund the normal operating expenses of the Fund chargeable to its income account shall exceed the lowest applicable percentage of average net assets or income limitations prescribed by any state in which Fund shares are qualified for sale, the Manager will pay the Fund, as promptly as practical after the end of such year, an amount equal to such excess. For purposes of this Section 78, "normal operating expenses" shall include the Section 4 5 investment advisory fee, the Section 5 6 monthly reimbursementcompensation, and the expenses enumerated in subsection 6(b7(b), but shall not include the expenses enumerated in subsection 6(a7(a).

REIMBURSEMENT OF CERTAIN FUND EXPENSES. If in any fiscal year of the Fund the normal operating expenses of the Fund chargeable to its income account shall exceed the lowest applicable percentage of average net assets or income limitations prescribed by any state in which Fund shares are qualified for sale, the Manager will pay the Fund, as promptly as practical after the end of such year, an amount equal to such excess. For purposes of this Section 78, "normal operating expenses" shall include the Section 4 5 investment advisory fee, the Section 5 6 monthly reimbursement, and the expenses enumerated in subsection 6(b7(b), but shall not include the expenses enumerated in subsection 6(a7(a).

REIMBURSEMENT OF CERTAIN FUND EXPENSES. If in any fiscal year of the Fund the normal operating expenses of the Fund chargeable to its income account shall exceed the lowest applicable percentage of average net assets or income limitations prescribed by any state in which Fund shares are qualified for sale, the Manager Blemco will pay the Fund, as promptly as practical after the end of such year, an amount equal to such excess. For purposes of this Section 7, "normal operating expenses" shall include the Section 4 investment advisory fee, the Section 5 monthly reimbursement, and the expenses enumerated in subsection 6(b), but shall not include the expenses enumerated in subsection 6(a).

REIMBURSEMENT OF CERTAIN FUND EXPENSES. If in any fiscal year of the Fund the normal operating expenses of the Fund chargeable to its income account shall exceed the lowest applicable percentage of average net assets or income limitations prescribed by any state in which Fund shares are qualified for sale, the Manager Princor will pay the Fund, as promptly as practical after the end of such year, an amount equal to such excess. For purposes of this Section 7, "normal operating expenses" shall include the Section 4 investment advisory fee, the Section 5 monthly reimbursement, and the expenses enumerated in subsection 6(b), but shall not include the expenses enumerated in subsection 6(a).