Common use of WEB-ACCESS Clause in Contracts

WEB-ACCESS. For Web Inquiry access, Ultimus charges each Fund an annual fee of $2,400 and a one-time set up fee of $2,000 for this service. OUT-OF-POCKET EXPENSES: In addition to the above fees, each Fund will reimburse Ultimus or pay directly certain out-of-pocket expenses incurred on the Fund’s behalf, including but not limited to, postage, confirmations, statements, printing, telephone lines, Internet access fees, bank service charges, fund specific Fund/Serv and Networking costs, and other industry standard transfer agent expenses.

WEB-ACCESS. For Web Inquiry access, Ultimus charges each Fund an annual fee of $2,400 7,200 and a one-time set up fee of $2,000 1,000 for this service. OUT-OF-POCKET EXPENSES: In addition to the above fees, each Fund will reimburse Ultimus or pay directly certain out-of-pocket expenses incurred on the Fund’s behalf, including but not limited to, postage, confirmations, statements, printing, telephone lines, Internet access fees, bank service charges, fund specific Fund/Serv and Networking costs, and other industry standard transfer agent expenses.