Ratable Allocation of Premium. Each Fund will pay a percentage of the premium due under the bond in the proportion that each Fund's gross assets, determined as of the end of the fiscal quarter preceding each date that payment of the premium is due, bear to the sum of the gross assets of all the Funds.
Appears in 23 contracts
Samples: Joint Insured Agreement (UST Global Private Markets Fund, LLC), Joint Insured Agreement (Excelsior Private Markets Fund III (TE), LLC), Joint Insured Agreement (Excelsior Private Markets Fund III (TI), LLC)
