Common use of The Corporation Clause in Contracts

The Corporation. The Corporation assumes and shall pay or cause to be --------------- paid all other expenses of the Corporation and each Fund, out of the assets of each Fund and based on each Fund's allocable share of such expenses (except for the expenses paid by Mercury Funds Distributor, a division of Princeton Funds Distributor, Inc. (the "Distributor")), including, without limitation: taxes, expenses for legal and auditing services, costs of printing proxies, shareholder reports, prospectuses and statements of additional information, charges of the custodian, any sub-custodian and transfer agent, expenses of portfolio transactions, expenses of redemption of shares, Securities and Exchange Commission fees, expenses of registering the shares under Federal, state and foreign laws, fees and actual out-of-pocket expenses of Directors who are not affiliated persons of the Administrator, or of an affiliate of the Administrator, accounting and pricing costs (including the daily calculation of the net asset value), insurance, interest, brokerage costs, litigation and other extraordinary or non-recurring expenses, and other expenses properly payable by the Corporation or a Fund. It is also understood that the Corporation shall reimburse the Administrator for its costs in providing accounting services to the Corporation and each Fund. The Distributor will pay certain of the expenses of each Fund incurred in connection with the continuous offering of shares of common stock in each Fund.

The Corporation. The Corporation assumes and shall pay or cause to be --------------- paid all other expenses of the Corporation and each Fund, out of the assets of each Fund and based on each Fund's allocable share of such expenses (except for the expenses paid by Mercury Funds Distributor, a division of Princeton Funds Distributor, Inc. (the "Distributor")), including, without limitation: taxes, expenses for legal and auditing services, costs of printing proxies, shareholder reports, prospectuses and statements of additional information, charges of the custodian, any sub-custodian and transfer agent, expenses of portfolio transactions, expenses of redemption of shares, Securities and Exchange Commission fees, expenses of registering the shares under Federal, state and foreign laws, fees and actual out-of-pocket expenses of Directors who are not affiliated persons of the Administrator, or of an affiliate of the Administrator, accounting and pricing costs (including the daily calculation of the net asset value), insurance, interest, brokerage costs, litigation and other extraordinary or non-recurring expenses, and other expenses properly payable by the Corporation or a Fund. It is also understood that the Corporation shall reimburse the Administrator for its costs in providing accounting services to the Corporation and each Fund. The Distributor will pay certain of the expenses of each Fund incurred in connection with the continuous offering of shares of common stock in each Fund.

The Corporation. The Corporation assumes and shall pay or cause to be --------------- paid all other expenses of the Corporation and each the Fund, out of the assets of each the Fund and based on each the Fund's allocable share of such expenses (except for the expenses paid by Mercury Funds Distributor, a division of Princeton Funds Distributor, Inc. (the "Distributor")), including, without limitation: taxes, expenses for legal and auditing services, costs of printing proxies, shareholder reports, prospectuses and statements of additional information, charges of the custodian, any sub-custodian and transfer agent, expenses of portfolio transactions, expenses of redemption of shares, Securities and Exchange Commission fees, expenses of registering the shares under Federal, state and foreign laws, fees and actual out-of-pocket expenses of Directors who are not affiliated persons of the Administrator, or of an affiliate of the Administrator, accounting and pricing costs (including the daily calculation of the net asset value), insurance, interest, brokerage costs, litigation and other extraordinary or non-non- recurring expenses, and other expenses properly payable by the Corporation or a the Fund. It is also understood that the Corporation shall reimburse the Administrator for its costs in providing accounting services to the Corporation and each the Fund. The Distributor will pay certain of the expenses of each the Fund incurred in connection with the continuous offering of shares of common stock in each the Fund.