Common use of Reimbursement of Fee Waivers and Expense Reimbursements Clause in Contracts

Reimbursement of Fee Waivers and Expense Reimbursements. If on any day during which the Advisory Agreement is in effect, the estimated annualized Fund Operating Expenses for that day are less than the Operating Expense Limit, the Adviser shall be entitled to reimbursement by the Fund of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Adviser to the Fund pursuant to Section 1 hereof (the “Reimbursement Amount”) during the Expense Limit Period to the extent that the Fund’s annualized Operating Expenses plus the amount so reimbursed equals, for such day, the Operating Expense Limit, provided that such amount paid to the Adviser will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed.

Reimbursement of Fee Waivers and Expense Reimbursements. If on any day during which the Advisory Agreement is in effect, the estimated annualized Fund Operating Expenses for that day are less than the Operating Expense Limit, the Adviser shall be entitled to reimbursement by the Fund of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Adviser to the Fund pursuant to Section 1 hereof (the “Reimbursement Amount”) during the Expense Limit Period to the extent that the Fund’s annualized Operating Expenses plus the amount so reimbursed equals, for such day, the Operating Expense Limit, provided that such amount paid to the Adviser will in no event exceed the total Reimbursement Amount for the three year period prior to the date the Reimbursement Amount is calculated and will not include any amounts previously reimbursed.

Reimbursement of Fee Waivers and Expense Reimbursements. If on any day during which the Advisory Agreement is in effect, the estimated annualized Fund Operating Expenses for that day are less than the Operating Expense Limit, the Adviser shall be entitled to reimbursement by the Fund of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Adviser to the Fund pursuant to Section 1 hereof (the “"Reimbursement Amount”") during the Expense Limit Period to the extent that the Fund’s 's annualized Operating Expenses plus the amount so reimbursed equals, for such day, the Operating Expense Limit, provided that such amount paid to the Adviser will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed.

Reimbursement of Fee Waivers and Expense Reimbursements. If on any day during which the Interim Advisory Agreement or Advisory Agreement is in effect, the estimated annualized Fund Operating Expenses for that day are less than the Operating Expense Limit, the Adviser shall be entitled to reimbursement by the Fund of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Adviser to the Fund pursuant to Section 1 hereof (the “Reimbursement Amount”) during the Expense Limit Period to the extent that the Fund’s annualized Operating Expenses plus the amount so reimbursed equals, for such day, the Operating Expense Limit, provided that such amount paid to the Adviser will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed.

Reimbursement of Fee Waivers and Expense Reimbursements. If on any day during which the Advisory Agreement is in effect, the estimated annualized Fund Operating Expenses of the Fund for that day are less than the Operating Expense Limit, the Adviser Advisor shall be entitled to reimbursement by the Fund of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Adviser to the Fund pursuant to Section 1 hereof (the “"Reimbursement Amount”") during any of the Expense Limit Period previous five years, to the extent that the Fund’s 's annualized Operating Expenses plus the amount so reimbursed equals, for such day, the Operating Expense Limit, provided that such amount paid to the Adviser Advisor will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed.

Reimbursement of Fee Waivers and Expense Reimbursements. If on any day during which the Advisory Agreement is in effect, the estimated annualized Fund Operating Expenses for that day are less than the Operating Expense LimitLimit for either class, the Adviser shall be entitled to reimbursement by the Fund such class of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Adviser to the Fund pursuant to Section 1 hereof (the “Reimbursement Amount”) during the Expense Limit Period to the extent that the Fund’s annualized Operating Expenses plus the amount so reimbursed equals, for such day, the Operating Expense LimitLimit for such class, provided that such amount paid to the Adviser will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed.

Reimbursement of Fee Waivers and Expense Reimbursements. If on any day during which the Advisory Agreement is in effect, the estimated annualized Fund Operating Expenses of the Fund for that day are less than the Operating Expense Limit, the Adviser shall be entitled to reimbursement by the Fund of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Adviser to the Fund pursuant to Section 1 hereof (the “"Reimbursement Amount”") during any of the Expense Limit Period previous five (5) years, to the extent that the Fund’s annualized Fund Operating Expenses plus the amount so reimbursed equals, for such day, the Operating Expense Limit, provided that such amount paid to the Adviser will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed.

Reimbursement of Fee Waivers and Expense Reimbursements. If on any day during which the Advisory Agreement is in effect, the estimated annualized Fund Operating Expenses for that day are less than the Operating Expense LimitLimit for either class, the Adviser shall be entitled to reimbursement by the Fund such class of the investment advisory fees waived or reduced, and any other expense reimbursements or similar payments remitted by the Adviser to the Fund pursuant to Section 1 hereof (the “"Reimbursement Amount”") during the Expense Limit Period to the extent that the Fund’s 's annualized Operating Expenses plus the amount so reimbursed equals, for such day, the Operating Expense LimitLimit for such class, provided that such amount paid to the Adviser will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed.