Common use of Trust Expenses Clause in Contracts

Trust Expenses. The Trust assumes and shall pay or cause to be paid all expenses of the Trust not otherwise allocated in this Agreement, including, without limitation, organizational costs; taxes; expenses for legal and auditing services; the expenses of preparing (including typesetting), printing and mailing reports, Trust Materials, proxy solicitation and tender offer materials and notices to existing shareholders; all expenses incurred in connection with issuing and redeeming Shares; the costs of Pricing Sources; the costs of loan credit activity data; the costs of escrow and custodial services; the cost of document retention and archival services, the costs of responding to document production requests; the cost of initial and ongoing registration of the Shares under Federal and state securities laws; costs associated with attempting to locate lost shareholders; all expenses incurred in connection with any custom programming or systems modifications required to provide any reports or services requested by the Trust; any expense, if applicable, incurred to reprint the Trust documents identifying the Administrator (along with its address and telephone number) as the Trust’s new administrator; costs associated with DST FanMail or similar reporting service; bank service charges; NSCC trading charges; fees and out-of-pocket expenses of directors; the costs of directors’ meetings; insurance; interest; brokerage costs; litigation and other extraordinary or nonrecurring expenses; and all fees and charges of service providers to the Trust. The Trust shall reimburse the Administrator for its reasonable costs and out-of-pocket expenses incurred in the performance of the Services, including all reasonable charges for independent third party audit charges, printing, copying, postage, telephone, and fax charges incurred by the Administrator in the performance of its duties.

Trust Expenses. The Trust assumes and shall pay or cause to be paid all expenses of the Trust not otherwise allocated in this Agreementand the Funds, including, without limitation: (a) all costs and expenses incident to the public offering of securities of the Trust, organizational costsincluding those relating to the registration of its securities under the Securities Act of 1933, as amended, and any filings required under state securities laws and any fees payable in connection therewith; taxes; expenses for legal (b) the charges and auditing services; the expenses of preparing any custodian appointed by the Trust for the safekeeping of the cash, portfolio securities and other property of the Funds; (c) the charges and expenses of independent accountants; (d) the charges and expenses of stock transfer and dividend disbursing agent or agents and registrar or registrars appointed by the Trust; (e) the charges and expenses of any accounting or subaccounting agent appointed by the Trust to provide accounting services to the Funds; (f) brokerage commissions, dealer spreads, and other costs incurred in connection with proposed or consummated portfolio securities transactions; (g) all taxes, including typesetting)securities issuance and transfer taxes, and corporate fees payable by the Trust to federal, state, local or other governmental agencies; (h) the cost and expense of printing and issuing certificates representing securities of the Trust; (i) fees involved in registering and maintaining registrations of the Trust under the 1940 Act; (j) all expenses of shareholders’ and trustees’ meetings, and of preparing, printing and mailing reports, Trust Materials, proxy solicitation statements and tender offer materials and notices reports to existing shareholders; all (k) fees and expenses incurred in connection with issuing and redeeming Shares; the costs of Pricing Sources; the costs of loan credit activity data; the costs of escrow and custodial services; the cost of document retention and archival services, the costs of responding to document production requests; the cost of initial and ongoing registration trustees of the Shares under Federal Trust who are not officers or employees of the Adviser; (1) all fees and state securities lawsexpenses incident to the Trust’s dividend reinvestment plan; costs associated with attempting (m) charges and expenses of legal counsel to locate lost shareholdersthe independent trustees and to the Trust; all expenses incurred in connection with (n) trade association dues; (o) interest payable on Trust borrowings; (p) any custom programming or systems modifications required to provide shareholder relations expense; (q) premiums for a fidelity bond and any reports or services requested errors and omissions insurance maintained by the Trust; and (r) any expense, if applicable, incurred to reprint the Trust documents identifying the Administrator (along with its address and telephone number) as the Trust’s new administrator; costs associated with DST FanMail other ordinary or similar reporting service; bank service charges; NSCC trading charges; fees and out-of-pocket extraordinary expenses of directors; the costs of directors’ meetings; insurance; interest; brokerage costs; litigation and other extraordinary or nonrecurring expenses; and all fees and charges of service providers to the Trust. The Trust shall reimburse the Administrator for its reasonable costs and out-of-pocket expenses incurred in the performance of the Services, including all reasonable charges for independent third party audit charges, printing, copying, postage, telephone, and fax charges incurred by the Administrator Trust or the Funds in the performance course of its dutiestheir business.

Trust Expenses. The (a) Except as otherwise provided in this Agreement or by law, the Advisor shall not be responsible for any expenses of the Trust or any Fund and the Trust and each Fund assumes and shall pay or cause to be paid all expenses of the Trust not otherwise allocated in this Agreementits expenses, including, without limitation: organizational and offering expenses (including without limitation out-of-pocket expenses, organizational costs; taxesbut not overhead or employee costs of the Advisor) unless otherwise agreed to by the Trust and the Advisor; expenses for legal legal, accounting and auditing services; the services (including expenses of preparing legal counsel to the Trustees who are not interested persons (as defined in the 0000 Xxx) of the Trust or the Advisor); taxes (including typesettingwithout limitation securities and commodities issuance and transfer taxes) and governmental fees (including without limitation fees payable by the Trust to Federal, State or other governmental agencies and associated filing costs), printing ; dues and mailing reports, Trust Materials, proxy solicitation and tender offer materials and notices to existing shareholders; all expenses incurred in connection with issuing and redeeming Sharesmembership in investment company organizations (including without limitation membership dues of the Investment Company Institute); the costs of Pricing Sourcesprinting and distributing shareholder reports, proxy materials, prospectuses, stock certificates and distribution of dividends; charges of the Trust’s custodians and sub-custodians, administrators and sub-administrators, registrars, depositories, transfer agents, dividend disbursing agents and dividend reinvestment plan agents (including under the custody, administration and other agreements); costs of loan credit activity datavaluation service providers retained by the Trust or the Advisor; payment for portfolio pricing services to a pricing agent, if any; registration and filing fees of the Commission and various states and other jurisdictions (including filing fees and legal fees and disbursements of counsel); fees and expenses of registering or qualifying securities of a Fund for sale in the various states; fees and expenses incident to listing of a Fund’s shares on any exchange; postage, freight and other charges in connection with the shipment of a Fund’s portfolio securities; fees and expenses of Trustees who are not interested persons (as defined in the 0000 Xxx) of the Trust or the Advisor and of any other trustees or members of any advisory board or committee who are not employees of the Advisor or any corporate affiliate of the Advisor; salaries of shareholder relations personnel; costs of escrow shareholders meetings; insurance (including, without limitation, insurance premiums on property or personnel (including, without limitation, officers and custodial servicesTrustees) of a Fund which inure to its benefit); interest; brokerage costs (including, without limitation, brokers’ commissions or transactions costs chargeable to a Fund in connection with portfolio securities transactions to which the cost Fund is a party); any costs and expenses associated with or related to due diligence performed with respect to a Fund’s offering of document retention and archival servicesits shares, the costs of responding to document production requests; the cost of initial and ongoing registration of the Shares under Federal and state securities laws; including, but not limited to, costs associated with attempting or related to locate lost shareholdersdue diligence activities performed by, on behalf of, or for the benefit of broker-dealers, registered investment advisers, distribution platforms and third-party due diligence providers, to the extent contemplated in the Trust’s distribution plan; all a Fund’s proportionate share of expenses related to co-investments; broken deal expenses (including, without limitation, research costs, fees and expenses of legal, financial, accounting, consulting or other advisers (including the Advisor or its affiliates) in connection with conducting due diligence or otherwise pursuing a particular non-consummated transaction, fees and expenses in connection with arranging financing for a particular non-consummated transaction, travel costs, deposits or down payments that are forfeited in connection with, or amounts paid as a penalty for, a particular non-consummated transaction and other expenses incurred in connection with activities related to a particular non-consummated transaction); all expenses incident to the payment of any custom programming dividend, distribution (including any dividend or systems modifications required distribution program), withdrawal or redemption, whether in shares or in cash; the cost of making investments (including third-party fees and expenses with respect to provide any reports or services requested by the Trust; any expense, if applicable, incurred to reprint the Trust documents identifying the Administrator (along with its address and telephone number) as the Trust’s new administrator; costs associated with DST FanMail negotiating any such investments) purchased or similar reporting service; bank service charges; NSCC trading charges; fees and out-of-pocket expenses of directors; the costs of directors’ meetings; insurance; interest; brokerage costssold for a Fund; litigation and other extraordinary or nonrecurring expensesnon-recurring expenses (including, without limitation, legal claims and liabilities and litigation costs and any indemnification related thereto) (subject, however, to paragraph 2 hereof); the cost of any valuation service provider engaged on the Trust’s behalf or with respect to a Fund’s assets (including engagement of such valuation service provider by the Advisor or its affiliates) and all fees other charges and charges costs of service providers to the Trust. The Trust shall reimburse the Administrator for its reasonable costs and out-of-pocket expenses incurred in the performance of the Services, including all reasonable charges for independent third party audit charges, printing, copying, postage, telephone, and fax charges incurred by the Administrator in the performance of its duties’s or a Fund’s operations.

Trust Expenses. The Trust assumes and shall pay or cause to be paid all expenses of the Trust not otherwise allocated in this Agreementand the Funds, including, without limitation: (a) all costs and expenses incident to the public offering of securities of the Trust, organizational costsincluding those relating to the registration of its securities under the Securities Act of 1933, as amended, and any filings required under state securities laws and any fees payable in connection therewith; taxes; expenses for legal (b) the charges and auditing services; the expenses of preparing any custodian appointed by the Trust for the safekeeping of the cash, portfolio securities and other property of the Funds; (c) the charges and expenses of independent accountants; (d) the charges and expenses of stock transfer and dividend disbursing agent or agents and registrar or registrars appointed by the Trust; (e) the charges and expenses of any accounting or subaccounting agent appointed by the Trust to provide accounting services to the Funds; (f) brokerage commissions, dealer spreads, and other costs incurred in connection with proposed or consummated portfolio securities transactions; (g) all taxes, including typesetting)securities issuance and transfer taxes, and corporate fees payable by the Trust to federal, state, local or other governmental agencies; (h) the cost and expense of printing and issuing certificates representing securities of the Trust; (i) fees involved in registering and maintaining registrations of the Trust under the 1940 Act; (j) all expenses of shareholders’ and trustees’ meetings, and of preparing, printing and mailing reports, Trust Materials, proxy solicitation statements and tender offer materials and notices reports to existing shareholders; all (k) fees and expenses incurred in connection with issuing and redeeming Shares; the costs of Pricing Sources; the costs of loan credit activity data; the costs of escrow and custodial services; the cost of document retention and archival services, the costs of responding to document production requests; the cost of initial and ongoing registration trustees of the Shares under Federal Trust who are not officers or employees of the Adviser; (l) all fees and state securities lawsexpenses incident to the Trust’s dividend reinvestment plan; costs associated with attempting (m) charges and expenses of legal counsel to locate lost shareholdersthe independent trustees and to the Trust; all expenses incurred in connection with (n) trade association dues; (o) interest payable on Trust borrowings; (p) any custom programming or systems modifications required to provide shareholder relations expense; (q) premiums for a fidelity bond and any reports or services requested errors and omissions insurance maintained by the Trust; and (r) any expense, if applicable, incurred to reprint the Trust documents identifying the Administrator (along with its address and telephone number) as the Trust’s new administrator; costs associated with DST FanMail other ordinary or similar reporting service; bank service charges; NSCC trading charges; fees and out-of-pocket extraordinary expenses of directors; the costs of directors’ meetings; insurance; interest; brokerage costs; litigation and other extraordinary or nonrecurring expenses; and all fees and charges of service providers to the Trust. The Trust shall reimburse the Administrator for its reasonable costs and out-of-pocket expenses incurred in the performance of the Services, including all reasonable charges for independent third party audit charges, printing, copying, postage, telephone, and fax charges incurred by the Administrator Trust or the Funds in the performance course of its dutiestheir business.

Trust Expenses. The Trust assumes and shall pay or cause to be paid all expenses of the Trust not otherwise allocated in this Agreementand the Funds, including, without limitation: (a) all costs and expenses incident to the public offering of securities of the Trust, organizational costsincluding those relating to the registration of its securities under the Securities Act of 1933, as amended, and any filings required under state securities laws and any fees payable in connection therewith; taxes; expenses for legal (b) the charges and auditing services; the expenses of preparing any custodian appointed by the Trust for the safekeeping of the cash, portfolio securities and other property of the Funds; (c) the charges and expenses of independent accountants; (d) the charges and expenses of stock transfer and dividend disbursing agent or agents and registrar or registrars appointed by the Trust; (e) the charges and expenses of any accounting or subaccounting agent appointed by the Trust to provide accounting services to the Funds; (f) brokerage commissions, dealer spreads, and other costs incurred in connection with proposed or consummated portfolio securities transactions; (g) all taxes, including typesetting)securities issuance and transfer taxes, and corporate fees payable by the Trust to federal, state, local or other governmental agencies; (h) the cost and expense of printing and issuing certificates representing securities of the Trust; (i) fees involved in registering and maintaining registrations of the Trust under the 1940 Act; (j) all expenses of shareholders’ and trustees’ meetings, and of preparing, printing and mailing reports, Trust Materials, proxy solicitation statements and tender offer materials and notices reports to existing shareholders; all (k) fees and expenses incurred in connection with issuing and redeeming Shares; the costs of Pricing Sources; the costs of loan credit activity data; the costs of escrow and custodial services; the cost of document retention and archival services, the costs of responding to document production requests; the cost of initial and ongoing registration trustees of the Shares under Federal Trust who are not officers or employees of the Adviser; (l) all fees and state securities lawsexpenses incident to the Trust’s dividend reinvestment plan; costs associated with attempting (m) charges and expenses of legal counsel (or any other consultant or adviser) to locate lost shareholdersthe independent trustees and to the Trust; all expenses incurred in connection with (n) trade association dues; (o) interest payable on Trust borrowings; (p) any custom programming or systems modifications required to provide shareholder relations expense; (q) premiums for a fidelity bond and any reports or services requested errors and omissions insurance maintained by the Trust; and (r) any expense, if applicable, incurred to reprint the Trust documents identifying the Administrator (along with its address and telephone number) as the Trust’s new administrator; costs associated with DST FanMail other ordinary or similar reporting service; bank service charges; NSCC trading charges; fees and out-of-pocket extraordinary expenses of directors; the costs of directors’ meetings; insurance; interest; brokerage costs; litigation and other extraordinary or nonrecurring expenses; and all fees and charges of service providers to the Trust. The Trust shall reimburse the Administrator for its reasonable costs and out-of-pocket expenses incurred in the performance of the Services, including all reasonable charges for independent third party audit charges, printing, copying, postage, telephone, and fax charges incurred by the Administrator Trust or the Funds in the performance course of its dutiestheir business. Adviser shall have the right to reimburse the Funds for any such expense, whether pursuant to the expense reimbursement agreement or otherwise. Adviser is not obligated to reimburse the Funds except pursuant to the expense reimbursement agreement.

Trust Expenses. The Trust assumes and shall pay or cause to be paid all expenses of the Trust (including any Fund of the Trust) not otherwise allocated in this Agreement, including, without limitation, organizational costs; taxes; expenses for legal and auditing services; the expenses of preparing (including typesetting), printing and mailing reports, Trust Materials, proxy solicitation and tender offer materials and notices to existing shareholders; all expenses incurred in connection with issuing and redeeming SharesCreation Units; the costs of Pricing Sources; the costs of loan credit activity data; the costs of escrow and custodial services; the cost of document retention and archival services, the costs of responding to document production requests; the cost of initial and ongoing registration of the Shares shares under Federal and state securities laws; costs associated with attempting to locate lost shareholders; all expenses incurred in connection with any custom programming or systems modifications required to provide any reports or services requested by the Trust; any expense, if applicable, incurred to reprint print the Trust documents identifying the Administrator (along with its address and telephone number) as the Trust’s new administratorSEI; costs associated with DST FanMail or similar reporting service; bank service charges; NSCC trading charges; fees and out-of-pocket expenses of directorsBoard members; the costs of directors’ Board meetings; insurance; interest; brokerage costs; litigation and other extraordinary or nonrecurring expenses; and all fees and charges of service providers to the Trust. The Trust shall reimburse the Administrator SEI for its reasonable costs and out-of-pocket expenses incurred in the performance of the Services, including all reasonable charges for independent third party audit chargesSSAE 16 audits (as allocated across covered SEI customers), printing, copying, postage, telephone, and fax charges incurred by the Administrator SEI in the performance of its duties.

Trust Expenses. The Subject to the limitations described below, the Trust assumes agrees to pay all costs and shall pay expenses incident to the Offering, whether or cause not the transactions contemplated hereunder are consummated or this Agreement is terminated, including expenses, fees and taxes in connection with: (a) the registration fee, the preparation and filing of the Registration Statement (including without limitation financial statements, exhibits, schedules and consents), the Prospectus, and any amendments or supplements thereto, and the printing and furnishing of copies of each thereof to be paid the Dealer Manager and to Participating Dealers (including costs of mailing and shipment); (b) the preparation, issuance and delivery of certificates, if any, for the Offered Shares, including any stock or other transfer taxes or duties payable upon the sale of the Offered Shares; (c) all fees and expenses of the Trust’s legal counsel, independent public or certified public accountants and other advisers; (d) the qualification of the Offered Shares for offering and sale under state laws in the states, including the Qualified Jurisdictions, that the Trust not otherwise allocated in this Agreement, including, without limitation, organizational costsshall designate as appropriate and the determination of their eligibility for sale under state law as aforesaid and the printing and furnishing of copies of blue sky surveys; taxes(e) filing for review by FINRA of all necessary documents and information relating to the Offering and the Offered Shares (including the reasonable legal fees and filing fees and other disbursements of counsel relating thereto); expenses for legal (f) the fees and auditing services; the expenses of preparing any transfer agent or registrar for the Offered Shares and miscellaneous expenses referred to in the Registration Statement; (including typesetting), printing g) all costs and mailing reports, Trust Materials, proxy solicitation expenses incident to the travel and tender offer materials accommodation of personnel of the Advisor and notices the Co-Advisor in making road show presentations and presentations to existing shareholders; all expenses incurred in connection Participating Dealers and other broker-dealers and financial advisers with issuing and redeeming respect to the offering of the Offered Shares; the costs of Pricing Sources; the costs of loan credit activity data; the costs of escrow and custodial services; the cost of document retention and archival services, the costs of responding to document production requests; the cost of initial and ongoing registration of the Shares under Federal and state securities laws; costs associated with attempting to locate lost shareholders; all expenses incurred in connection with any custom programming or systems modifications required to provide any reports or services requested by the Trust; any expense, if applicable, incurred to reprint the Trust documents identifying the Administrator (along with its address and telephone numberh) as the Trust’s new administrator; costs associated with DST FanMail or similar reporting service; bank service charges; NSCC trading charges; fees and out-of-pocket expenses of directors; the costs of directors’ meetings; insurance; interest; brokerage costs; litigation and other extraordinary or nonrecurring expenses; and all fees and charges of service providers to the Trust. The Trust shall reimburse the Administrator for its reasonable costs and out-of-pocket expenses incurred in the performance of the ServicesTrust’s other obligations hereunder. Notwithstanding the foregoing, including all reasonable charges the Advisor and not the Trust shall be responsible for independent third party audit charges, printing, copying, postage, telephone, the costs and fax charges incurred by expenses described in this Section 3.1 to the Administrator extent that payment of such expenses would cause the aggregate of the Trust’s “organization and offering expenses” as defined in the performance Prospectus to exceed 1.0% of its dutiesthe gross proceeds from the sale of the Shares.

Trust Expenses. The the Trust assumes and shall pay or cause to be paid all expenses of the Trust not otherwise allocated in this Agreement, including, without limitation, organizational costs; taxes; expenses for legal and auditing services; the expenses of preparing (including typesetting), printing and mailing reports, the Trust Materials, proxy solicitation and tender offer materials and notices to existing shareholders; all expenses incurred in connection with issuing and redeeming Shares; the costs of Pricing Sources; the costs of loan credit activity data; the costs of escrow and custodial services; the cost of document retention and archival services, the costs of responding to document production requests; the cost of initial and ongoing registration of the Shares under Federal and state securities laws; costs associated with attempting to locate lost shareholders; all expenses incurred in connection with any custom programming or systems modifications required to provide any reports or services requested by the Trust; any expense, if applicable, incurred to reprint the Trust documents identifying the Administrator (along with its address and telephone number) as the Trust’s new administrator; costs associated with DST FanMail or similar reporting service; bank service charges; NSCC trading charges; manual trade transmission processing (beginning on the three month anniversary of the Live Date); fees and out-of-pocket expenses of directorstrustees; the costs of directorstrustees’ meetings; insurance; interest; brokerage costs; litigation and other extraordinary or nonrecurring expenses; and all fees and charges of service providers to the Trust. The Trust shall reimburse the Administrator for its reasonable costs and out-of-pocket expenses incurred in the performance of the Services, including all reasonable charges for independent third party SSAE 16 audit charges, printing, copying, postage, telephone, and fax charges incurred by the Administrator in the performance of its duties, including as incurred in connection with any reorganization of the Trust.