Allocation of Net Profits and Net Losses. (a) As of the close of business each day, the Net Profits and Net Losses of each Portfolio shall be determined and allocated to and among the Holders of that Portfolio in proportion to their respective Interests in that Portfolio, determined as of the opening of business on that day.
Appears in 6 contracts
Samples: Agreement and Declaration (Growth Portfolio/Ca/), Agreement and Declaration of Trust (Global Investment Portfolio), Agreement and Declaration of Trust (Global Investment Portfolio)