Examples of Covered Costs in a sentence
Supple- mentary Certifications of Covered Costs shall include a Claim Report and a certification as described in this sec- tion.
The covered costs shall be paid to the sponsor designated on the Certification of Covered Costs required by § 950.23, or to the sponsor’s assignee as permitted by § 950.13(h).
In such case the Supplement will be updated to disclose the maximum fee payable by Shareholders in respect of the elements of Covered Costs (where disclosure of fee arrangements is required) and reasonable notice will be given to Shareholders prior to implementation of this change of policy.
If the total amount of the covered costs due to a sponsor under the Standby Support Contract has not been determined at the time the Cer- tification of Covered Costs has been filed, the sponsor shall file monthly, or on a schedule otherwise determined by the Claims Administrator, Supple- mentary Certifications of Covered Costs updating the amount of the cov- ered costs owed to the sponsor.
In addition, other operating and service providers’ fees, costs and expenses incurred in the operation of the Fund, other than those expressly included under Covered Costs as being payable by the Shareholders or the Investment Manager (as applicable) and described above, will be met out of the assets of the Fund.