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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

  • If, on any business day, the aggregate Term to date Fund Operating Expenses for any class of a Fund do not equal the Pro-Rated Expense Cap for that class, the amount of such difference shall be netted against the previous day’s accrued amount for Excess Amounts or Recoupment Amounts (as defined below), and the difference shall be accrued for that day as an Excess Amount or Recoupment Amount as applicable.

  • The Fee Cap and the Expense Cap are sometimes collectively referred to as the Contract Amount.

  • Notwithstanding the foregoing, reimbursement for expenses and disbursements will not exceed a maximum of $_____________ (Expense Cap) without the prior written approval of University.

  • If, on any business day, the aggregate fiscal year to date Fund Operating Expenses for any class of a Fund do not equal the Pro-Rated Expense Cap for that class, the amount of such difference shall be netted against the previous day's accrued amount for Excess Amounts or Recoupment Amounts (as defined below), and the difference shall be accrued for that day as an Excess Amount or Recoupment Amount as applicable.

  • The Investment Manager shall determine on each business day whether the aggregate fiscal year to date Fund Operating Expenses for any class of a Fund exceed the Operating Expense Limit, as such Operating Expense Limit has been pro-rated to the date of such determination (the "Pro-Rated Expense Cap").


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 shall have the meaning set forth in the Pricing Side Letter.
Expense Cap means, as of any Determination Date, U.S.$100,000.
Expense Cap means, for each year ending June 30, an annual amount equal to
Expense Cap means, for each year ending June 30, an annual amount equal to $50,000.