Common use of SUMMARY Clause in Contracts

SUMMARY. Summaries are made up of disclosure requirements known as ?Elements?. These Elements are numbered in Sections A – E (A.1 – E.7). Even though an Element may be required to be inserted in the summary because of the type of securities and Issuer, it is possible that no relevant information can be given regarding the Element. In this case a short description of the Element is included in the summary with the mention of ?not applicable?.

SUMMARY. Summaries are made up of disclosure requirements known as ?"Elements?". These Elements are numbered in Sections A – E (A.1 – E.7). Even though an Element may be required to be inserted in the summary because of the type of securities and Issuer, it is possible that no relevant information can be given regarding the Element. In this case a short description of the Element is included in the summary with the mention of ?"not applicable?".