Allocation of Premium. The portion of the premium paid by each Trust shall be allocated among the Trusts based upon the minimum amount of coverage required under Rule 17g-1 under the Investment Company Act of 1940, as amended and then allocated among each of the Funds in a Trust based on their respective assets under management as of the date of the Allocation Event. The current allocations are set forth in Exhibit A. From time to time adjustments may be made to the portion of the premiums theretofore paid by a Trust or Fund, based on a subsequent change or changes in the net assets of one or more Trusts or the addition or withdrawal of a Trust, Fund or Funds from the Bond.
Appears in 4 contracts
Samples: Joint Insureds Agreement (Claymore Exchange-Traded Fund Trust 2), Joint Insureds Agreement (Claymore Exchange-Traded Fund Trust), Joint Insureds Agreement (Claymore Exchange-Traded Fund Trust)
