Common use of Book Capital Account Balances Clause in Contracts

Book Capital Account Balances. The Book Capital Account balances of the Shareholders with respect to each Series shall be determined on such days and at such time or times as the Directors may determine, consistent with the requirements of the 1940 Act. A Shareholder's Book Capital Account balance with respect to a Series shall be maintained in accordance with the Treasury Regulations promulgated under Section 704(b) of the Code and shall equal the net asset value of a Share of such Series multiplied by the number of Shares of such Series held by such Shareholder. The power and duty to make calculations of the Book Capital Account balances of the Shareholders or to do any other function contemplated in this Article XI may be delegated by the Directors to the investment adviser, custodian, or such other Person as the Directors may determine.

Book Capital Account Balances. The Book Capital Account balances of the Shareholders with respect to each Series shall be determined on such days and at such time or times as the Directors may determine, consistent with the requirements of the 1940 Act. A Shareholder's ’s Book Capital Account balance with respect to a Series shall be maintained in accordance with the Treasury Regulations promulgated under Section 704(b) of the Code and shall equal the net asset value of a Share of such Series multiplied by the number of Shares of such Series held by such Shareholder. The power and duty to make calculations of the Book Capital Account balances of the Shareholders or to do any other function contemplated in this Article XI may be delegated by the Directors to the investment adviser, custodian, or such other Person as the Directors may determine.

Book Capital Account Balances. The Book Capital Account balances of the Shareholders with respect to each Series shall be determined on such days and at such time or times as the Directors may determine, consistent with the requirements of the 1940 Act. A Shareholder's Shareholders Book Capital Account balance with respect to a Series shall be maintained in accordance with the Treasury Regulations promulgated under Section 704(b) of the Code and shall equal the net asset value of a Share of such Series multiplied by the number of Shares of such Series held by such Shareholder. The power and duty to make calculations of the Book Capital Account balances of the Shareholders or to do any other function contemplated in this Article XI may be delegated by the Directors to the investment adviser, custodian, or such other Person as the Directors may determine.