Maximum Annual Operating Expense Limit Clause Samples

Maximum Annual Operating Expense Limit. The Maximum Annual Operating Expense Limit of the Trust shall be 1.50 percent annually. This amount shall be accrued monthly, based on a percentage of the monthly net assets of the Trust, determined at month-end by adding subscriptions then subtracting repurchases from the prior month-end balance.

Maximum Annual Operating Expense Limit. The Maximum Annual Operating Expense Limit of the Fund shall be 2.25%, based on the average month-end net assets of the Fund. The Fund’s month-end net assets shall be determined by (a) adding all subscriptions for the month to the Fund’s prior month-end net assets and (b) subtracting from the prior month-end net assets all amounts repurchased by the Fund during that one month period.

Maximum Annual Operating Expense Limit. The Maximum Annual Operating Expense Limit with respect to each Fund shall be the sum of the investment advisory fees, and, to the extent incurred, fees paid pursuant to any 12b-1 Plan and fees paid pursuant to any shareholder services plan. That Maximum Annual Operating Expense Limit for each Fund contemplates that certain expenses for each Fund may be paid through the use of all or a portion of brokerage commissions (or markups or markdowns) generated by that Fund.

Maximum Annual Operating Expense Limit. The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund. That Maximum Annual Operating Expense Limit for each Fund contemplates that pursuant to the unitary fee arrangement set forth in the Investment Management Agreement, the Adviser is contractually obligated separately from this Agreement to pay all operating expenses of each such Fund, except for certain expenses, including but not limited to, interest expenses, taxes, brokerage expenses, future Rule 12b-1 fees (if any), acquired fund fees and expenses, and the management fee payable to the Adviser under the Investment Management Agreement. Certain expenses for each Fund may be paid through the use of all or a portion of brokerage commissions (or markups or markdowns) generated by that Fund.

Maximum Annual Operating Expense Limit. The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in the table below based on a percentage of the average daily net assets of each Fund. Class A 1.60% Class C 2.35% Institutional Class 1.35% Class P 1.60% Class A 1.71% Class C 2.46% Institutional Class 1.41% Class P 1.71%