Common use of Specified Expenses Clause in Contracts

Specified Expenses. The Expense Limitation applies only to the Fund’s Other Expenses other than (i) interest, taxes, brokerage commissions, and expenditures which are capitalized in accordance with generally accepted accounting principles; (ii) portfolio transaction and investment related expenses (including, but not limited to, dividend expenses and interest expense relating to short sales of securities); and (iii) extraordinary expenses not incurred in the ordinary course of the Fund’s business.

Appears in 14 contracts

Samples: Letter Agreement (Abrdn Income Credit Strategies Fund), Letter Agreement (Aberdeen Income Credit Strategies Fund), Letter Agreement (Avenue Mutual Funds Trust)

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Specified Expenses. The Expense Limitation applies only to the Fund’s 's Other Expenses other than (i) interest, taxes, brokerage commissions, and expenditures which are capitalized in accordance with generally accepted accounting principles; (ii) portfolio transaction and investment related expenses (including, but not limited to, dividend expenses and interest expense relating to short sales of securities); and (iii) extraordinary expenses not incurred in the ordinary course of the Fund’s 's business.

Appears in 3 contracts

Samples: Letter Agreement (Abrdn Income Credit Strategies Fund), Letter Agreement (Abrdn Income Credit Strategies Fund), Letter Agreement (Aberdeen Income Credit Strategies Fund)

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Specified Expenses. The applicable Expense Limitation applies only to the Fund’s Other Expenses other than (i) interest, taxes, brokerage commissions, and expenditures which are capitalized in accordance with generally accepted accounting principles; (ii) portfolio transaction and investment related expenses (including, but not limited to, dividend expenses and interest expense relating to short sales of securities); and (iii) extraordinary expenses not incurred in the ordinary course of the Fund’s business.

Appears in 2 contracts

Samples: Letter Agreement (Aberdeen Income Credit Strategies Fund), Letter Agreement (Aberdeen Income Credit Strategies Fund)

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