Other Operating Expenses means the Company’s total Operating Expenses (as defined below), excluding base management fees, incentive fees, organization and offering expenses, financing fees and costs, interest expense, brokerage commissions and extraordinary expenses. “Operating Expenses” means all operating costs and expenses incurred, as determined in accordance with generally accepted accounting principles for investment companies. The calculation of average net assets shall be consistent with such periodic calculations of average net assets in the Company’s financial statements.
Other Operating Expenses means the Company’s total Operating Expenses (as defined below), excluding base management fees, incentive fees, organization and offering expenses, dealer manager fees, asset-based distribution fees, ongoing servicing fees, early withdrawal fees, financing fees and costs, interest expense, brokerage commissions and extraordinary expenses. “Operating Expenses” means all of the Company’s operating costs and expenses incurred, as determined in accordance with generally accepted accounting principles for investment companies. The calculation of average net assets shall be consistent with such periodic calculations of average net assets in the Company’s financial statements.
Other Operating Expenses means the Fund’s organization and offering expenses, professional fees, trustee fees, administration fees, and other general and administrative expenses (including the Fund’s allocable portion of compensation, overhead (including rent, office equipment and utilities) and other expenses incurred by the Administrator (as defined in the Fund’s Registration Statement on Form N-2 (the “Registration Statement”) in performing its administrative obligations under the Administration Agreement (as defined in the Registration Statement)).
Examples of Other Operating Expenses in a sentence
Subject to the limitations set forth in this Agreement, the Fund shall be obligated to reimburse or pay the Adviser for all or any portion of the Excess Expenses attributable to Specified Expenses upon receiving a written request from the Adviser for recoupment (which request may be for all or any portion of such Excess Expenses attributable to Specified Expenses), regardless of whether the Other Operating Expenses have fallen to a level below the Expense Cap.
For any month in which the Fund’s aggregate monthly Other Operating Expenses exceed the Expense Cap, the Adviser shall make a Required Expense Payment to the extent necessary to eliminate such excess.
The Expense Cap applies only to the Fund’s aggregate monthly Other Operating Expenses, which excludes Specified Expenses.
More Definitions of Other Operating Expenses
Other Operating Expenses means all Operating Expenses, excluding base management fees, interest costs, financing fees and financing costs, and brokerage commissions and extraordinary expenses. The calculation of average net assets shall be consistent with such periodic calculations of average net assets in the Company’s financial statements.
Other Operating Expenses means all of the Company’s Operating Expenses, excluding organization and offering expenses, advisor fees and advisor incentive fees, financing fees and interest, and brokerage commissions and extraordinary expenses.
Other Operating Expenses means the Company’s total organization and offering expenses, professional fees, trustee fees, administration fees, and other general and administrative expenses (including the Company’s allocable portion of compensation, overhead (including rent, office equipment and utilities) and other expenses incurred by the Administrator in performing its administrative obligations under the Administration Agreement).
Other Operating Expenses means [***]:
Other Operating Expenses means the Company’s general and administrative expenses, including, without limitation, amounts paid for employee compensation and benefits, directors’ fees, travel and entertainment, office operating expenses (including, without limitation, rent, utilities and supplies), information technology costs (including maintenance fees), professional fees for consultants, counsel, auditors and accountants, taxes, liability insurance and first-party insurance premiums, BMA license fees, taxes, amortization and depreciation, subcriptions and bank fees less amounts received in respect of component (ii) of the ceding fees on the ARL Retrocession. “Paid Loss” for any Underwriting Year as respects any calendar period means Loss actually paid during such calendar period in respect of Covered Business written during such Underwriting Year net of the ARL Retrocession.
Other Operating Expenses means the Fund’s organization and offering expenses, professional fees, trustee fees, administration fees, and other general and administrative expenses (including the Fund’s allocable portion of compensation, overhead (including rent, office equipment and utilities) and other expenses incurred by the Administrator (as defined in the Fund’s Registration Statement on Form N-2 (the “Registration Statement”) in performing its administrative obligations under the Administration Agreement (as defined in the Registration Statement)), excluding base management and incentive fees owed to the Adviser, shareholder servicing and/or distribution fees, interest expense, financing fees and costs, interest expense and extraordinary expenses.
Other Operating Expenses means all operating expenses incurred by the Company, including compensation or salary and payroll taxes, if applicable, for all employees, consultants and other staff of the Company, fees for legal, finance and other professional services, payments for internet, hosting, advertising and other vendors, and rent and other office costs, but excluding Marketing and UA Expenses. For the avoidance of doubt and without double counting, any and all expenses incurred by the Company that previously may have been included by the Company in the cost of goods sold or that previously may have been deducted by the Company from advertising revenue shall be deemed Other Operating Expenses.