Expense Cap definition

Expense Cap shall be equal to an Expense Ratio for the Funds as set forth on Exhibit A.

Expense Cap has the meaning set forth in the Fee Letter.

Expense Cap shall have the meaning set forth in Section 10.7.

Examples of Expense Cap in a sentence

• On a Fund by Fund basis, FTA will waive investment management fees payable to it by a Fund and/or reimburse a Fund for other expenses borne by such Fund up to such Fund’s respective Expense Cap set forth in Exhibit A for the term set forth in Exhibit A (the “Expense Cap Term”).

• FTA shall inform the other parties in writing no less than sixty (60) days in advance of the expiration of a Fund’s current Expense Cap Term if it intends not to continue this Agreement for that Fund.

• Section 3 of the Prior Expense Reimbursement Agreement provided that FTA may recover a portion of the amount it reimbursed a Fund for up to three years from the date the fee or expense was incurred during the Expense Cap Term (as defined therein) to the extent such restitution would not cause a Fund to exceed the specified expense cap.

• This Agreement shall continue in effect for each respective Fund until the end of such Fund’s current Expense Cap Term as set forth on Exhibit A unless the Agreement is continued for additional periods as agreed to by the parties.

More Definitions of Expense Cap

Expense Cap has the meaning set forth in Section 9.4(c).

Expense Cap has the meaning specified in Section 5.2(a).

Expense Cap has the meaning set forth in Section 14.1.

Expense Cap means, as of any Determination Date, U.S.$100,000.

Expense Cap shall have the meaning set forth in the Pricing Side Letter.

Expense Cap. Deducted when agent closes transactions, according to commission program Per year (resets every year): $10,000 per Agent & $13,000 per Team +PLUS BONUS COMMISSION & Administrative Regulatory Fee (Admin. Fee)

Expense Cap has the meaning given to such term in Section 2.2.