Allocation of Premiums. The premium on the Bond for any Bond period shall be allocated among the Companies on the basis of the insurer’s estimate of the relative cost to the respective Companies of maintaining separate bonds in the amounts of their respective primary coverages as stated in Schedule B and with the deductibles applicable to the respective Companies, subject to approval by each Company’s Board of Trustees. Each Company shall further allocate its portion of the premium among the Funds of such Company in the same proportion as the percentage amount each Fund’s net assets bears to the Company’s net assets as of the same date.
Appears in 12 contracts
Samples: Joint Blanket Bond Allocation Agreement (Columbia Funds Variable Insurance Trust), Joint Blanket Bond Allocation Agreement (Columbia Funds Variable Insurance Trust), Joint Blanket Bond Allocation Agreement (Columbia Funds Variable Insurance Trust)
Allocation of Premiums. The premium on the Bond for any Bond period shall be allocated among the Companies Insureds on the basis of the insurer’s estimate of the relative cost to the respective Companies Insureds of maintaining separate bonds in the amounts of their respective primary coverages as stated in Schedule B A and with the deductibles applicable to the respective CompaniesInsureds, subject to approval by each CompanyBFST’s Board of Trustees. Each Company BFST shall further allocate its portion of the premium among the Funds of such Company in the same proportion as the percentage amount each Fund’s net assets bears to the CompanyBFST’s net assets as of the same date.
Appears in 6 contracts
Samples: Joint Blanket Bond Allocation Agreement (BofA Funds Series Trust), Joint Blanket Bond Allocation Agreement (BofA Funds Series Trust), Joint Blanket Bond Allocation Agreement (BofA Funds Series Trust)
Allocation of Premiums. The premium on the Bond for any Bond period shall be allocated among the Companies Insureds on the basis of the insurer’s estimate of the relative cost to the respective Companies Insureds of maintaining separate bonds in the amounts of their respective primary coverages as stated in Schedule B and with the deductibles applicable to the respective CompaniesInsureds, subject to approval by each Company’s Board of Trustees. Each Company shall further allocate its portion of the premium among the Funds of such Company in the same proportion as the percentage amount each Fund’s net assets bears to the Company’s net assets as of the same date.
Appears in 4 contracts
Samples: Joint Blanket Bond Allocation Agreement (Columbia Funds Series Trust), Joint Blanket Bond Allocation Agreement (BofA Funds Series Trust), Joint Blanket Bond Allocation Agreement (Columbia Funds Series Trust)
