Common use of Subscription Process Clause in Contracts

Subscription Process. Requests for subscription must be received by the Depositary on or before the Subscription Deadline. Applications received after the Subscription Deadline will be recorded for subscription on the next following Subscription Day. Subject to compliance with the relevant requirements for subscription in a Sub-Fund, a subscriber becomes a Unitholder and starts his or her participation in the Units performance on and from the relevant Subscription Day. A subscriber may not withdraw his or her subscription request once it has been submitted and received by the Depositary, unless the Management Company, acting in the best interests of the Unitholders, determines to permit the withdrawal of such request in whole or in part. Unless the subscriber has made arrangements with the Management Company or the Depositary to make payment in some other currency or by other method, payment must be made in the Class currency by the method set out in the Prospectus. Should other arrangements be made, application monies other than in the Class currency will be converted into the Class currency and all bank charges and other conversion costs will be deducted from the application monies prior to investment in Units. Full payment for Units must be received by the Depositary on or before the Subscription Payment Day as set out in Annex A for each Sub-Fund. The Management Company on behalf of the UCITS may accept payment in securities, commodities, other financial instruments or other interests (the “In-specie Subscription”), or partly in cash and partly in specie, provided that such assets fall within the investment objective, policy and restrictions of the relevant Sub-Fund and the transfer of the said assets is in line with the tactical investment policy of the Management Company. Unless the Management Company on behalf of the UCITS determines otherwise, no Units will be issued until the relevant application monies and/or assets have been received in full by the Sub-Fund. No Units shall be issued unless full details of registration have been completed and all anti-money laundering requirements met. Units will be in registered form only, and no unit certificates will be issued. A confirmation notice will be sent by the Depositary to subscribers whose application has been accepted after the Net Asset Value per Unit and the number of Units issued to the subscribers have been determined.

Subscription Process. Requests for subscription must be received by the Depositary on or before the Subscription Deadline. Applications received after the Subscription Deadline will be recorded for subscription on the next following Subscription Day. For each Sub-Fund / Class, the Initial Subscription Day, the Subscription Day and the Subscription Deadline are set out in Annex A. Subject to compliance with the relevant requirements for subscription in a Sub-Fund, a subscriber becomes a Unitholder and starts his or her participation in the Units performance on and from the relevant Subscription Day. A subscriber may not withdraw his or her subscription request once it has been submitted and received by the Depositary, unless the Management Company, acting in the best interests of the Unitholders, determines to permit the withdrawal of such request in whole or in part. Unless the subscriber has made arrangements with the Management Company or the Depositary to make payment in some other currency or by other method, payment must be made in the Class currency by the method set out in the Prospectus. Should other arrangements be made, application monies other than in the Class currency will be converted into the Class currency and all bank charges and other conversion costs will be deducted from the application monies prior to investment in Units. Full payment for Units must be received by the Depositary on or before the Subscription Payment Day as set out in Annex A for each Sub-Fund. The Management Company on behalf of the UCITS may accept payment in securities, commodities, other financial instruments or other interests (the “In-specie Subscription”), or partly in cash and partly in specie, provided that such assets fall within the investment objective, policy and restrictions of the relevant Sub-Fund and the transfer of the said assets is in line with the tactical investment policy of the Management Company. Unless the Management Company on behalf of the UCITS determines otherwise, no Units will be issued until the relevant application monies and/or assets have been received in full by the Sub-Fund. No Units shall be issued unless full details of registration have been completed and all anti-money laundering requirements met. Units will be in registered form only, and no unit certificates will be issued. A confirmation notice will be sent by the Depositary to subscribers whose application has been accepted after the Net Asset Value per Unit and the number of Units issued to the subscribers have been determined. Subject to the discretion of the Management Company, no allotment or issue shall be made in respect of an application which would result in the applicant holding less than any minimum initial subscription amount provided that the Management Company may, in its sole discretion, waive such minimum initial subscription amount with respect to any Unitholder or applicant for Units or, in accordance with the requirements of the FMA, any category of applicant for Units.