Specified Expenses. The Expense Limitation applies only to the annual Ordinary Operating Expenses of the Trust, which include organizational and offering expenses, but do not include: (i) distribution and shareholder servicing fees, interest, taxes, dividend expenses on short sales, brokerage commissions and other transaction costs, and other expenditures which are capitalized in accordance with generally accepted accounting principles; (ii) expenses incurred indirectly by the Trust as a result of investments in other investment companies and pooled investment vehicles; (iii) other expenses attributable to, and incurred as a result of, the Trust’s investments; (iv) expenses payable by the Trust under any Administration or Sub-Administration Agreement; and (v) litigation expenses and extraordinary expenses not incurred in the ordinary course of the Trust’s business.
Appears in 7 contracts
Samples: Expense Limitation and Reimbursement Agreement (Nexpoint Energy & Materials Opportunities Fund), Expense Limitation and Reimbursement Agreement (Nexpoint Strategic Income Fund), Expense Limitation and Reimbursement Agreement (Nexpoint Event-Driven Fund)
