Common use of Transaction and Investment Costs Clause in Contracts

Transaction and Investment Costs. The Sub-Funds will bear any and all incidental costs in connection with the investment, reinvestment or divestment of the Sub-Funds’ assets, including the following: a. any taxes imposed on the assets, earnings or expenses of a Sub-Fund; b. any borrowing costs including interest and charges in connection with repurchase agreements and short sales; c. transaction costs including brokerage commissions and dealer xxxx-xxx, xxxx-xxxxx and spreads; d. replication costs for the use of indices in relation to a Sub-Fund, if charged in connection with Total Return Swaps or similar instruments rather than by way of directly paid license fee as per clause

Transaction and Investment Costs. The Sub-Funds will bear any and all incidental costs in connection with the investment, reinvestment or divestment of the Sub-Funds’ assets, including the following: a. any taxes imposed on the assets, earnings or expenses of a Sub-Fund; b. any borrowing costs including interest and charges in connection with repurchase agreements and short sales; c. transaction costs including brokerage commissions and dealer xxxx-xxxups, xxxx-xxxxx and spreads; d. replication costs for the use of indices in relation to a Sub-Fund, if charged in connection with Total Return Swaps or similar instruments rather than by way of directly paid license fee as per clause