Common use of Costs of the merger Clause in Contracts

Costs of the merger. The costs of legal fees, consultancy or administration related to the preparation and execution of the merger are not charged to either the UCITS involved in the merger or the investors. This also applies to structural measures in accordance with Article 49 a-d UCITSG. For structural measures within the meaning of Article 49 e-i UCITSG, the costs of legal fees, consultancy or administration related to the preparation and execution of this structural measure can be charged to the relevant Fund assets. In this case the probable costs, overall and estimated per share, are given in the investor information. If a UCITS is a master-UCITS, then a merger will only become effective when the relevant UCITS has provided the investors as well as the relevant authorities of the home Member State of the Feeder-UCITS with the legally required information up to 60 days before the proposed date of effectuation. In this case the UCITS concerned grants the feeder-UCITS the possibility to cancel or to pay out all shares prior to the execution of the merger, unless the relevant authorities of the home member state of the feeder-UCITS does not authorise the investment in shares of the master-UCITS formed by the merger.

Costs of the merger. The costs of legal fees, consultancy or administration related to the preparation and execution of the merger are not charged to either the UCITS involved in the merger or the investors. This also applies to structural measures in accordance with Article 49 a-d UCITSG. For structural measures within the meaning of Article 49 e-i UCITSG, the costs of legal fees, consultancy or administration related to the preparation and execution of this structural measure can be charged to the relevant Fund assets. In this case the probable costs, overall and estimated per share, are given in the investor information. If a UCITS is a master-UCITS, then a merger will only become effective when the relevant UCITS has provided the investors as well as the relevant authorities of the home Member State of the Feeder-UCITS with the legally required information up to 60 days before the proposed date of effectuation. In this case the UCITS concerned grants the feeder-UCITS the possibility to cancel or to pay out all shares prior to the execution of the merger, unless the relevant authorities of the home member state of the feeder-UCITS does not authorise the investment in shares of the master-master- UCITS formed by the merger.