Taxes and Custodial Fees. Any income taxes or other taxes levied or assessed upon or in respect of the assets or income of the custodial account and any transfer taxes incurred shall be paid from the custodial account. All administrative expenses incurred by the Custodian in the performance of its duties, including fees for legal services rendered to the Custodian, and the Custodian's compensation shall be paid from the custodial account, unless otherwise paid by the Depositor or his or her beneficiaries. The Custodian's fees are set forth in a schedule provided to the Depositor. Extraordinary charges resulting from unusual administrative responsibilities not contemplated by the schedule will be subject to such additional charges as will reasonably compensate the Custodian. Fees for refund of excess contributions, transferring to a successor trustee or custodian, or redemption/reinvestment of Investment Company Shares will be deducted from the refund or redemption proceeds and the remaining balance will be remitted to the Depositor, or reinvested or transferred in accordance with the Depositor's instructions.
Appears in 14 contracts
Samples: Fmi Funds Inc, Hennessy Funds Inc, Fiduciary Capital Growth Fund Inc
Taxes and Custodial Fees. Any income taxes or other taxes levied or assessed upon or in respect of the assets or income of the custodial account and any transfer taxes incurred shall be paid from the custodial account. All administrative expenses incurred by the Custodian custodian in the performance of its duties, including fees for legal services rendered to the Custodiancustodian, and the Custodiancustodian's compensation shall be paid from the custodial account, unless otherwise paid by the Depositor depositor or his or her beneficiaries. The Custodiancustodian's fees are set forth in a schedule provided to the Depositordepositor. Extraordinary charges resulting from unusual administrative responsibilities not contemplated by the schedule will be subject to such additional charges as will reasonably compensate the Custodiancustodian. Fees for refund of excess contributions, transferring to a successor trustee or custodian, or redemption/reinvestment of Investment Company Shares will be deducted from the refund or redemption proceeds and the remaining balance will be remitted to the Depositordepositor, or reinvested or transferred in accordance with the Depositordepositor's instructions.
Appears in 9 contracts
Samples: Fiduciary Capital Growth Fund Inc, Hennessy Funds Inc, Fmi Funds Inc
Taxes and Custodial Fees. Any income taxes or other taxes levied or assessed upon or in respect of the assets or income of the custodial account and any transfer taxes incurred shall be paid from the custodial account. All administrative expenses incurred by the Custodian custodian in the performance of its duties, including fees for legal services rendered to the Custodiancustodian, and the Custodiancustodian's compensation shall be paid from the custodial account, unless otherwise paid by the Depositor beneficiary or his or her beneficiariesestate. The Custodiancustodian's fees are set forth in a schedule provided to the Depositorresponsible individual. Extraordinary charges resulting from unusual administrative responsibilities not contemplated by the schedule will be subject to such additional charges as will reasonably compensate the Custodiancustodian. Fees for refund of excess contributions, transferring to a successor trustee or custodian, or redemption/reinvestment of Investment Company Shares will be deducted from the refund or redemption proceeds and the remaining balance will be remitted to the Depositordesignated beneficiary, or reinvested or transferred in accordance with the Depositorresponsible individual's instructions.
Appears in 3 contracts
Samples: Fiduciary Capital Growth Fund Inc, Reynolds Funds Inc, Perritt Microcap Opportunities Fund Inc
Taxes and Custodial Fees. Any income taxes or other taxes levied or assessed upon or in respect of the assets or income of the custodial account and any transfer taxes incurred shall be paid from the custodial account. All administrative expenses incurred by the Custodian custodian in the performance of its duties, including fees for legal services rendered to the Custodiancustodian, and the Custodiancustodian's compensation shall be paid from the custodial account, unless otherwise paid by the Depositor beneficiary or his or her beneficiariesestate. The Custodiancustodian's fees are set forth in a schedule provided to the Depositorresponsible individual. Extraordinary charges resulting from unusual administrative responsibilities not contemplated by the schedule will be subject to such additional charges as will reasonably compensate the Custodiancustodian. Fees for refund of excess contributions, transferring to a successor trustee or custodian, or redemption/reinvestment redemption /reinvestment of Investment Company Shares will be deducted from the refund or redemption proceeds and the remaining balance will be remitted to the Depositordesignated beneficiary, or reinvested or transferred in accordance with the Depositorresponsible individual's instructions.
Appears in 1 contract
Samples: Jefferson Fund Group Trust