Common use of Fee Recovery Clause in Contracts

Fee Recovery. The Adviser is entitled to recover, subject to approval by the Board of Trustees, such amounts reduced or reimbursed for a period of up to three (3) years from the date on which the Adviser reduced its compensation and/or assumed expenses for the Fund. The Adviser is permitted to seek reimbursement from the Fund, for fees it waived and Fund expenses it paid to the extent the total annual fund expenses do not exceed the limits described above or any lesser limits in effect at the time of the reimbursement. No reimbursement will occur unless the Fund’s expenses are below the Expense Limitation.

Fee Recovery. The Adviser is entitled to recover, subject to approval by the Board of Trustees, such amounts reduced or reimbursed for a period of up to three (3) years from the date on which the Adviser reduced its compensation and/or assumed expenses for the Fund. The Adviser is permitted to seek reimbursement from the Fund, for fees it waived and Fund expenses it paid to the extent the total annual fund expenses do not exceed the limits described above or any lesser limits in effect at the time of the reimbursement. No reimbursement will occur unless the Fund’s 's expenses are below the Expense Limitation.

Fee Recovery. The Adviser is entitled to recover, subject to approval by the Board of TrusteesTrustees of the Fund, such amounts reduced or reimbursed for a period of up to three (3) years from the date on which the Adviser reduced its compensation and/or assumed expenses for the Fund. The Adviser is permitted to seek reimbursement from the Fund, for fees it waived and Fund expenses it paid to the extent the Fund’s total annual fund operating expenses do not exceed the limits described above or any lesser limits in effect at the time of the reimbursement. No reimbursement will occur unless the Fund’s total annual operating expenses are below the Expense Limitation.

Fee Recovery. The Adviser is shall be entitled to recoverrecover from the Fund, subject to approval by the Board of TrusteesTrustees of the Trust, such amounts reduced waived or reimbursed by the Adviser on or after January 1, 2017 with respect to the Fund pursuant to this Agreement for a period of up to three (3) years from year period following the date on which the Adviser reduced its compensation of such fee waiver and/or assumed expenses for the Fundexpense reimbursement. The Adviser is permitted to seek reimbursement from the Fund, Fund for fees it waived and Fund expenses it paid to the extent the total annual fund operating expenses do not exceed the limits described above set forth in the preceding paragraph or any lesser limits in effect at the time of the reimbursement. No reimbursement will occur unless the Fund’s expenses are below the Expense Limitation.

Fee Recovery. The Adviser is entitled to recover, subject to approval by the Board of TrusteesTrustees of the Trust, such amounts reduced or reimbursed for a period of up to three (3) years from the date on which the Adviser reduced its compensation and/or assumed expenses for the Fund. The Adviser is permitted to seek reimbursement from the Fund, for fees it waived and Fund expenses it paid to the extent the total annual fund expenses do not exceed the limits described above or any lesser limits in effect at the time of the reimbursement. No reimbursement will occur unless the Fund’s expenses are below the Expense Limitation.