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) interest, taxes, dividends tied to short sales, brokerage commissions, 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 the Sub-Administration Agreement with State Street Bank & Trust Company; and (v) other extraordinary expenses (including litigation expenses) not incurred in the ordinary course of the Trust’s business.
Appears in 6 contracts
Samples: Expense Limitation and Reimbursement Agreement (Nexpoint Latin American Opportunities Fund), Expense Limitation and Reimbursement Agreement (Nexpoint Real Estate Strategies Fund), Limitation and Reimbursement Agreement (Nexpoint Energy Opportunities Fund)
