Formation Costs. Any organizational expenses of the UCITS will be allocated on a pro-rata basis and amortized over the first five years of the UCITS’ existence by the Sub-Funds launched at the time of formation. Any organizational expenses for any new Sub-Fund will be amortized over the first five years by that Sub-Fund.
Appears in 8 contracts
Samples: Unit Trust Agreement, Unit Trust Agreement, Unit Trust Agreement
