Allocation of Premium. No premium shall be paid under the Bond unless the Board of Trustees of the Funds, including a majority of those Trustees who are not "interested persons" of the Funds as defined by Section 2(a)(19) of the 1940 Act, shall approve the portion of the premium to be paid by the Funds. The premium payable on the Bond shall be allocated between the Funds and the other Insured as determined by the Boards of Trustees of the Funds.
Appears in 20 contracts
Samples: Allocation Agreement (Parnassus Income Funds), Allocation Agreement (Parnassus Funds), Fidelity Bond Allocation Agreement (Parnassus Income Funds)
Allocation of Premium. No premium shall be paid under the Bond unless the Board of Trustees of the Funds, including a majority of those Trustees who are not "“interested persons" ” of the Funds as defined by Section 2(a)(19) of the 1940 Act, shall approve the portion of the premium to be paid by the Funds. The premium payable on the Bond shall be allocated between the Funds and the other Insured as determined by the Boards of Trustees of the Funds.
Appears in 8 contracts
Samples: Allocation Agreement (Members Mutual Funds), Allocation Agreement (Madison Mosaic Government Money Market), Allocation Agreement (Madison Mosaic Income Trust)
Allocation of Premium. No premium shall be paid under the Bond unless the Board of Trustees of the FundsTrusts, including a majority of those Trustees who are not "“interested persons" ” of the Funds Trusts as defined by Section 2(a)(19) of the 1940 Act, shall approve the portion of the premium to be paid by the FundsTrusts. The premium payable on the Bond shall be allocated between the Funds Trusts and the other Insured as determined by the Boards of Trustees of the FundsTrusts.
Appears in 1 contract
