Common use of Subscription for Units Clause in Contracts

Subscription for Units. Subscribers may purchase Units of a Fund by delivering to the Manager or any distributor of such Units appointed by the Manager a completed and executed subscription form or other documentation acceptable to the Manager accompanied by a cheque for the full dollar amount of the Units subscribed for. All subscriptions will be subject to acceptance by the Manager. Subject to the terms of any current Prospectus of like document of the Fund, the Manager, in its discretion, may prescribe any acquisition charges, redemption charges, minimum initial subscription amounts, minimum subsequent subscription amounts and minimum aggregate Series Net Asset Value balances to be maintained by Unitholders, and may, in its discretion prescribe any procedures in connection therewith (including a procedure whereby a Unitholder is required to redeem his Units in a Fund) and the Manager, in its discretion, may prescribe the maximum number of Units or maximum dollar amount of Units that may be sold in a Fund or in a particular series; provided no such charges, amounts or balances may be prescribed by the Manager and no procedures in connection therewith may be prescribed by the Manager except as provided in any current Prospectus or like document of the Fund.

Subscription for Units. Subscribers may purchase Units of a Fund by delivering to the Manager or any distributor of such Units appointed by the Manager a completed and executed subscription form or other documentation acceptable to the Manager accompanied by a cheque for the full dollar amount of the Units subscribed for. All subscriptions will be subject to acceptance by the Manager. Subject to the terms of any current Prospectus of or like document of the Fund, the Manager, in its discretion, may prescribe any acquisition charges, redemption charges, minimum initial subscription amounts, minimum subsequent subscription amounts and minimum aggregate Series Net Asset Value balances to be maintained by Unitholders, and may, in its discretion prescribe any procedures in connection therewith (including a procedure whereby a Unitholder is required to redeem his Units in a Fund) and the Manager, in its discretion, may prescribe the maximum number of Units or maximum dollar amount of Units that may be sold in a Fund or in a particular series; provided no such charges, amounts or balances may be prescribed by the Manager and no procedures in connection therewith may be prescribed by the Manager except as provided in any current Prospectus or like document of the Fund.