Common use of Subscription Price Clause in Contracts

Subscription Price. For each Sub-Fund, Units in each Class will be offered to investors on the Initial Subscription Day at the Initial Subscription Price as set out in Annex A for each Sub-Fund, subject to any applicable Subscription Fee (see Annex A) as well as relevant taxes, levies or charges. Following the Initial Subscription Day, the Units will be valued on the relevant Valuation Day. Thus, following the Initial Subscription Day, the subscription price per Unit will be the Net Asset Value per Unit in respect of the Valuation Day which falls on the Subscription Day at which the Units are issued (the "Subscription Price") plus the Subscription Fee if such fee is applicable as set out in Annex A for each Sub-Fund and subject to relevant taxes, levies or charges.

Subscription Price. For each Sub-Fund, Units in each Class will be offered to investors on the Initial Subscription Day at the Initial Subscription Price as set out in Annex A for each Sub-Fund, subject to any applicable Subscription Fee (see Annex A) as well as relevant taxes, levies or chargescharges (see section “Charges and Expenses”). Following the Initial Subscription Day, the Units will be valued on the relevant Valuation Day. Thus, following the Initial Subscription Day, the subscription price per Unit will be the Net Asset Value per Unit in respect of the Valuation Day which falls on the Subscription Day at which the Units are issued (the "Subscription Price") plus the Subscription Fee Fee, if such fee is applicable applicable, as set out in Annex A for each Sub-Fund and subject to relevant taxes, levies or charges.