Common use of Operating Expenses; Fees Clause in Contracts

Operating Expenses; Fees. (a) The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the VMTP Shares) as operating expenses. (b) [Reserved.] (c) The Fund shall pay up to $13,500 annually, beginning with the calendar year ended December 31, 2023, of the fees and expenses incurred by BAPFC in connection with ongoing maintenance and operation of a voting trust to be formed with respect to the VMTP Shares (the "Voting Trust"), until the earliest to occur of (1) the termination of the Voting Trust; (2) BAPFC's transfer or sale of all of the VMTP Shares; (3) the Term Redemption Date; and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.2, the Fund will pay such fees and expenses within thirty (30) days of receipt of the associated invoice, which invoice may be delivered directly to Fund by third party Voting Trust providers. For avoidance of doubt, the Fund's responsibilities with respect to the fees and expenses described in subsections (b) and (c) are exclusive of each other.

Operating Expenses; Fees. (a) The Fund Issuer shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the VMTP Shares) as operating expenses. (b) [Reserved].] (c) The Fund Issuer shall pay up to $13,500 annually, beginning with the calendar year ended ending December 31, 20232016, of the fees and expenses incurred by BAPFC ▇▇▇▇▇ Fargo in connection with ongoing maintenance and operation of a voting trust to be formed with respect to the VMTP Shares (the "“Voting Trust"”), until the earliest to occur of (1) the termination of the Voting Trust; (2) BAPFC's ▇▇▇▇▇ Fargo’s transfer or sale of all of the VMTP Shares; (3) the Term Redemption Date; and (4) the termination of this Agreement pursuant to Section 7.6 hereof. (d) With respect to the fees and expenses described in subsection (c) of this Section 2.22.3, the Fund Issuer will pay such fees and expenses within thirty (30) days of receipt of the associated invoice, which invoice may be delivered directly to Fund by third party Voting Trust providers. For avoidance of doubt, the Fund's responsibilities with respect to the fees and expenses described in subsections (b) and (c) are exclusive of each other.