Common use of Subsequent Term Clause in Contracts

Subsequent Term. For the term immediately subsequent to the initial term, for a term to expire no sooner than April 30, 2014, the Adviser agrees to limit the expenses of each Fund listed on Appendix A as an “Extended Expense Limitation Fund” to the Expense Limit that is the median Expense Limit for the Fund’s asset class under the standard categories by Lipper, Inc., unless amended by the Board of Trustees.

Appears in 4 contracts

Samples: Expense Limitation Agreement (Virtus Variable Insurance Trust), Expense Limitation Agreement (Virtus Variable Insurance Trust), Expense Limitation Agreement (Phoenix Edge Series Fund)

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