Portfolio Expenses definition

Portfolio Expenses means, with respect to any calendar year, the sum of the amounts described in Sections 5.01(a) and 5.01(b) of the Management Agreements (other than any IL Management Agreement) for such calendar year.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Portfolio Expenses means those expenses directly related to Portfolio Investments, including (without limitation), all taxes, all out-of-pocket expenses directly attributable to the purchase, holding and disposition of Portfolio Investments, such as due diligence and negotiation costs (including travel and entertainment costs), legal expenses, insurance expenses, and external accounting fees and expenses, and all extraordinary expenses, such as litigation and indemnification expenses; provided that such expenses shall not include the expenses described in Section 2.9(b)(ii).

Portfolio Expenses means, as of the date of determination, an amount equal to (a) all reasonable costs and expenses incurred by the Company from time to time directly in connection with its operations and activities conducted pursuant to this Agreement, to the extent that any such costs and expenses are not specifically attributable to the acquisition, development, ownership, operation or disposition of any one Property. Portfolio Expenses shall include, for example and without limitation, all costs and expenses in connection with investigation, due diligence and deposits with respect to Proposed Investments which are not acquired by the Company, (b) all costs of the Accountants and other Third Parties in connection with maintenance of the books and records of the Company (to the extent not properly allocable to a specific Property), and (c) all filing fees and other Third Party expenses incurred in connection with maintenance of the existence of the Company as an entity. Portfolio Expenses shall be reasonable in light of industry standards and shall be calculated to avoid the double-counting of costs and expenses between specific Property-related expenses and Portfolio Expenses.

Examples of Portfolio Expenses in a sentence

If, at any time, the Portfolio Expenses of a class of the Portfolio are less than the Expense Limitation Amount for such class of shares of the Portfolio, the Fund, on behalf of the Portfolio, shall reimburse Dimensional for any fees previously waived and/or expenses previously assumed to the extent that such reimbursement will not cause the annualized Portfolio Expenses for such class of shares of the Portfolio to exceed the Expense Limitation Amount.
If, at any time, the Portfolio Expenses are less than the applicable Expense Limitation Amount of a class of shares of a Portfolio, the Fund, on behalf of the Portfolio, shall reimburse Dimensional for any fees previously waived and/or expenses previously assumed to the extent that such reimbursement will not cause the annualized Portfolio Expenses for such class of shares of the Portfolio to exceed the applicable Expense Limitation Amount identified above.
The maximum amount that may be waived to limit Portfolio Expenses pursuant to this paragraph is the amount of the Remaining Management Fee.
Dimensional agrees to waive all or a portion of its management fee for the Portfolio to the extent necessary to reduce the ordinary operating expenses (excluding expenses incurred through investment in other investment companies) (“Portfolio Expenses”) of the Portfolio so that the Portfolio Expenses, on an annualized basis, do not exceed 0.08% of the average net assets of a class of the Portfolio (“Annualized Expense Ratio”).
If, at any time, the annualized expenses of the Portfolio (or class of the Portfolio) are less than the Annualized Expense Ratio, the Fund, on behalf of the Portfolio, shall reimburse Dimensional for any fees previously waived and/or expenses previously assumed to the extent that the amount of such reimbursement does not cause the annualized Portfolio Expenses for the Portfolio (or class of the Portfolio) to exceed the Annualized Expense Ratio.
Dimensional agrees to waive all or a portion of its management fee and to assume the other direct expenses of a class of the International Small Company Portfolio (excluding expenses incurred through its investment in other investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of each class of the Portfolio to 0.45% of the average net assets of the class on an annualized basis (“Expense Limitation Amount”).
U.S. Targeted Value Portfolio Dimensional has agreed to waive its management fee and to assume the expenses of the Portfolio’s Institutional Class shares (excluding the expenses the Portfolio incurs indirectly through investment in other investment companies) (“Portfolio Expenses”) to the extent necessary to limit the Portfolio Expenses of the Portfolio’s Institutional Class shares to 0.50% of the average net assets of such class of the Portfolio on an annualized basis.
The maximum amount assumed under this assumption agreement is the full amount of the ordinary other expenses incurred directly by the Portfolio and, accordingly, it is possible for the net Portfolio Expenses of the Portfolio to exceed the Expense Limitation Amount under certain circumstances.
If, at any time, the Portfolio Expenses are less than Portfolio’s Expense Limitation Amount, the Fund, on behalf of the Portfolio, shall reimburse Dimensional for any fees previously waived and/or expenses previously assumed to the extent that such reimbursement will not cause the Portfolio’s annualized Portfolio Expenses to exceed the Portfolio’s Expense Limitation Amount.
If, at any time, the Portfolio Expenses of a class of the Portfolio are less than the Expense Limitation Amount for such class of shares of the Portfolio, the Fund, on behalf of the Portfolio, shall reimburse Dimensional for any expenses previously assumed to the extent that such reimbursement will not cause the annualized Portfolio Expenses for such class of shares of the Portfolio to exceed the Expense Limitation Amount.

More Definitions of Portfolio Expenses

Portfolio Expenses means all necessary or appropriate expenses within the meaning of § 670 of the German Civil Code (BGB; hereinafter the "Civil Code") incurred by Transferor in conformity with Transferor's business practice prior to the Hive-Off Effective Date in connection with the Aareal Loan Portfolio, including, without limitation, all costs incurred in the ordinary course of business and charged to Customers, such as costs of preserving the commercial value of the Portfolio Receivables or Portfolio Collateral, court costs, attorneys' fees and notary fees (in each case plus applicable VAT). The date of payment shall in each case be determined with reference to the date payment is posted to the Customer account.

Portfolio Expenses means all necessary or appropriate ex- penses within the meaning of § 670 of the German Civil Code (BGB; hereinafter the "Civil Code“) incurred by Transferor in con- formity with Transferor's business practice prior to the Hive-Off Effective Date in connection with the Aareal Loan Portfolio, includ- ing, without limitation, all costs incurred in the ordinary course of business and charged to Customers, such as costs of preserving the commercial value of the Portfolio Receivables or Portfolio Collateral, court costs, attorneys' fees and notary fees (in each case plus applicable VAT). The date of payment shall in each case be determined with reference to the date payment is posted to the Customer account.