Unit Holder Responsibility Sample Clauses
The Unit Holder Responsibility clause defines the obligations and duties of individuals or entities that own units in a trust, fund, or similar investment vehicle. Typically, this clause outlines the requirement for unit holders to comply with the governing documents, pay any calls or contributions when due, and refrain from actions that could harm the interests of the collective group. For example, unit holders may be required to provide accurate information, participate in meetings, or avoid conflicts of interest. The core function of this clause is to ensure that all unit holders act in accordance with the rules and in the best interests of the group, thereby maintaining the integrity and smooth operation of the investment structure.
Unit Holder Responsibility. Although we will make every effort to inform the Client of applicable trading details, it is the unit holder’s responsibility to fully review the fund prospectus and take note of all applicable fees (e.g. management fees, early redemption penalties, commissions [front or deferred loads] and trading procedures).