Common use of Reports and Voting Clause in Contracts

Reports and Voting. (a) Subject to the requirements of the applicable law, we and any appointed custodian shall have no duty or obligation to exercise the voting rights or other elective rights of any Units subscribed or acquired, or received or held for you, except upon your prior written instructions (or instructions from an Authorised Person) in such form and by such time as prescribed by us from time to time, and then only upon such terms, conditions, indemnities, fees and charges as agreed. (b) In the absence of such instructions and agreements, we and any appointed custodian shall be entitled to, but not obliged to, exercise the voting rights or other elective rights of any Fund (if any). Under such circumstance, you agree that we and any appointed custodian may be exempted from any duty and obligation in respect of notification and delivery of any proxy or other document issued to you, unless otherwise provided in Applicable Regulations.

Reports and Voting. (a) Subject to the requirements of the applicable law, we and any appointed custodian shall have no duty or obligation to exercise the voting rights or other elective rights of any Units subscribed or acquired, or received or held for you, except upon your prior written instructions (or instructions from an Authorised Person) in such form and by such time as prescribed by us from time to time, and then only upon such terms, conditions, indemnities, fees and charges as agreed. (b) In the absence of such instructions and agreements, we and any appointed custodian shall be entitled to, but not obliged to, exercise the voting rights or other elective rights of any Fund (if any). Under such circumstance, you agree that we and any appointed custodian may be exempted from any duty and obligation in respect of notification and delivery of any proxy or other document issued to you, unless otherwise provided in Applicable Regulations.