Company: SRV
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0001398344-25-005333
Chunk: 64

Company: NXG Cushing Midstream Energy Fund
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 64
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 obtained through (i) indebtedness of any type (including, without limitation, borrowing through a credit facility
or the issuance of debt securities), (ii) the issuance of preferred stock or other similar preference securities and/or (iii) the reinvestment
of collateral received for securities loaned in accordance with the Fund’s investment objective and policies. To the extent applicable,
the Fund and the Investment Adviser understand and acknowledge that the liquidation preference of any outstanding preferred stock (other
than accumulated dividends) is not considered a liability in determining the Fund’s Average Weekly Managed Assets. The management
fee for the period from the Effective Date (defined in Section 10(a)) of this Agreement to the end of the month during which the Effective
Date occurs will be prorated according to the proportion that such period bears to the full monthly period. Upon any termination of this
Agreement before the end of a month, the management fee for such part of that month will be prorated according to the proportion that
such period bears to the full monthly period and will be payable upon the date of termination of this Agreement. For the purpose of determining
management fees payable to the Investment Adviser, the value of the Fund’s Managed Assets will be computed at the times and in the
manner specified from time to time by the Board of Trustees.

| 4 |

| 7. | Expenses |

(a) . Except as may otherwise be provided
in Section 7(b) of this Agreement, the Investment Adviser will: (i) provide the staff and personnel necessary to perform its obligations
under this Agreement, assume and pay or cause to be paid all expenses incurred in connection with the maintenance of such staff and personnel,
and, at its own expense, provide the office space, facilities, equipment and necessary personnel that it is obligated to provide under
this Agreement; and (ii) pay, or cause affiliates to pay, compensation of all officers of the Fund and all Trustees of the Fund who are
“interested persons” of the Fund (as defined in the 1940 Act).

(b) . The Fund will bear all other expenses to be incurred
in its operation, including, but not limited to: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with
the purchase or sale of securities and other investment instruments; (iii) fees and expenses of the Fund’s trustees who are not
“interested persons” of the Fund, including reimbursement for all of their out-of-pocket expenses related