Common use of D&O Policy Premium Allocations Clause in Contracts

D&O Policy Premium Allocations. The amount of the premium payable on the D&O Policy allocated to each Fund shall be such Fund’s proportionate share of the sum of the premiums that it would have been paid if said insurance were purchased separately by each Fund. For purposes of this agreement, the amount of a Fund’s proportionate share for a month shall be determined by calculating each Fund’s proportion of the Funds’ collective average monthly Net Assets for that month 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 D&O Policy allocated to the Funds that month.

D&O Policy Premium Allocations. The amount of the premium payable on the D&O Policy allocated to each Fund shall be such Fund’s 's proportionate share of the sum of the premiums that it would have been paid if said insurance were purchased separately by each Fund. For purposes of this agreement, the amount of a Fund’s 's proportionate share for a month shall be determined by calculating each Fund’s 's proportion of the Funds’ ' collective average monthly Net Assets for that month 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 D&O Policy allocated to the Funds that month.