Common use of Computation of Net Asset Value Clause in Contracts

Computation of Net Asset Value. The Manager acknowledges and agrees with the Trustee that the Manager reserves and retains the power and authority to value the assets of the Funds either directly or through an agent appointed by the Manager, including the determination of the Series Net Asset Value of the Fund, Series Net Asset Value per Unit and the computation of Net Income and Net Realized Capital Gains for distribution purposes for each of the Funds in accordance with Applicable Laws. The Manager, in its discretion, may appoint a service provider, including RBC IST or an affiliate of the Manager, to provide the foregoing valuation services for the Manager on behalf of the Funds.

Computation of Net Asset Value. The Manager acknowledges and agrees with the Trustee that the Manager reserves and retains the power and authority to value the assets of the Funds either directly or through an agent appointed by the Manager, including the determination of the Series Net Asset Value of the Fund, Series Net Asset Value per Unit and the computation of Net Income and Net Realized Capital Gains for distribution purposes for each of the Funds in accordance with Applicable Laws. The Manager, in its discretion, may appoint a service provider, including RBC IST Dexia or an affiliate of the Manager, to provide the foregoing valuation services for the Manager on behalf of the Funds.