Duration of Operating Expense Limit Clause Samples
The "Duration of Operating Expense Limit" clause defines the specific period during which a cap or restriction on operating expenses is in effect within an agreement. Typically, this clause will state the start and end dates for the expense limit, or tie the duration to certain events, such as the term of a lease or contract. For example, it may specify that the landlord cannot increase operating expenses beyond a set percentage for the first five years of a lease. The core function of this clause is to provide predictability and protection for the party responsible for paying operating expenses, ensuring they are not subject to unexpected or excessive cost increases during the defined period.
Duration of Operating Expense Limit. The Operating Expense Limit with respect to the Fund shall remain in effect during the term of this Agreement.
Duration of Operating Expense Limit. The Operating Expense Limit with respect to each Fund shall remain in effect until the date specified for that Fund on Schedule B. The Investment Manager may extend, but may not during the term of this Agreement shorten without the consent of the Trust, the duration of the Operating Expense Limit for any Fund by delivering a revised Schedule B to the Trust reflecting such extension. Such an extension must continue at the same Operating Expense Limit amount specified on Schedule A.
Duration of Operating Expense Limit. The Operating Expense Limit with respect to the Fund shall remain in effect until July 31, 2020, unless renewed by written agreement of the parties.
Duration of Operating Expense Limit. The Operating Expense Limit with respect to the Fund shall remain in effect until July 31, 2007, unless renewed by written agreement of the parties.
Duration of Operating Expense Limit. The Operating Expense Limit with respect to the Fund shall remain in effect until June 1, 2007. The Adviser may extend, but may not during the term of this Agreement shorten, the duration of the Operating Expense Limit without the consent of the Fund. Such an extension must continue at the same Operating Expense Limit amount specified on Schedule A, unless otherwise agreed by the parties hereto.
Duration of Operating Expense Limit. The Operating Expense Limit with respect to the Fund shall remain in effect until January 31, 2011.
Duration of Operating Expense Limit. The Class Operating Expense Limit with respect to the Fund shall remain in effect until the expiration or termination of this Agreement pursuant to Section 2 herein below, unless renewed by written agreement of the parties.
Duration of Operating Expense Limit. The Operating Expense Limit with respect to each Fund shall remain in effect until January 31, 2005, unless renewed by written agreement of the parties.
Duration of Operating Expense Limit. The Operating Expense Limit with respect to each Fund (except Global Opportunities Fund) shall remain in effect until January 31, 2009, unless renewed by written agreement of the parties. The Operating Expense Limit with respect to the Global Opportunities Fund shall remain in effect until January 31, 2010.
Duration of Operating Expense Limit. The Operating Expense Limit with respect to each class of the Fund shall remain in effect for the dates specified for the Fund on Schedule B.