Common use of Bond Premium Allocations Clause in Contracts

Bond Premium Allocations. The amount of premium payable on the Bond shall be allocated among the Joint Insureds as follows: (i) 20 percent shall be payable by the Manager and 80 percent shall be payable collectively by the Funds, and (ii) the amount of the premium payable on the Bond allocated each month to the Funds shall be further allocated among the Funds by calculating each Fund’s proportion of the Funds’ collective average monthly Net Assets (as such term is defined in the Funds’ current prospectus) on a date determined by the Fund’s Treasurer (or his or her delegate) and applying said proportion to the balance of the premium payable on the Bond allocated to the Funds that month.

Bond Premium Allocations. The amount of premium payable on the Bond shall be allocated among the Joint Insureds as follows: (i) 20 percent shall be payable by the Manager and 80 percent shall be payable collectively by the Funds, and (ii) the amount of the premium payable on the Bond allocated each month to the Funds shall be further allocated among the Funds by calculating each Fund’s 's proportion of the Funds’ ' collective average monthly Net Assets (as such term is defined in the Funds’ ' current prospectus) on a date determined by the Fund’s 's Treasurer (or his or her delegate) and applying said proportion to the balance of the premium payable on the Bond allocated to the Funds that month.