Common use of Legal Relationships Clause in Contracts

Legal Relationships. The legal relationships between the investors and the management company shall follow the law of June 28, 2011 regarding specific Undertakings for Collective Investment in Transferable Securities (UCITSG) and the regulation of July 5, 2011 regarding specific Undertakings for Collective Investment in Transferable Securities (UCITSV) and, if no regulations are provided there, according to the provisions of the Persons and Company Law (PGR) regarding the trusteeship.

Legal Relationships. The legal relationships relationship between the investors and the management company shall follow is gov- erned by the law of Act dated June 28, 2011 regarding specific 2011, on Certain Undertakings for Collective Invest- ment in Transferable Securities (UCITSA) and the Ordinance dated July 5, 2011, on Cer- tain Undertakings for Collective Investment in Transferable Securities (UCITSG) and the regulation of July 5, 2011 regarding specific Undertakings for Collective Investment in Transferable Securities (UCITSVUCITSO) and, if no regulations are provided a matter is not regulated there, according to by the provisions of related to trusts in the Persons and Company Law Companies Act (PGR) regarding the trusteeship).

Legal Relationships. The legal relationships between the investors Investors and the management company Management Company shall follow be in accordance with the law Act of 28 June 28, 2011 regarding specific concerning Specific Undertakings for Collective Investment in Transferable Securities ("UCITSG") and the regulation Ordinance of 5 July 5, 2011 regarding specific concerning Specific Undertakings for Collective Investment in Transferable Securities ("UCITSV") and, if no regulations are provided thereinsofar as these do not contain regulations, according to in accordance with the provisions of the Liechtenstein Persons and Company Law Companies Act ("PGR") regarding the trusteeshipcon- cerning Trusteeships.

Legal Relationships. The legal relationships between the investors and the management company shall follow the law of June 28, 2011 regarding specific Undertakings for Collective Investment in Transferable Securities (UCITSG) and the regulation of July 5, 2011 regarding specific Undertakings Un- dertakings for Collective Investment in Transferable Securities (UCITSV) and, if no regulations are provided there, according to the provisions of the Persons and Company Law (PGR) regarding the trusteeship.

Legal Relationships. The legal relationships between the investors Investors and the management company Management Company shall follow be in accordance with the law Act of 28 June 28, 2011 regarding specific concerning Specific Undertakings for Collective Investment in Transferable Securities ("UCITSG") and the regulation Ordinance of 5 July 5, 2011 regarding specific concerning Specific Undertakings for Collective Investment in Transferable Securities ("UCITSV") and, if no regulations are provided thereinsofar as these do not contain regulations, according to in accordance with the provisions of the Liechtenstein Persons and Company Law Companies Act ("PGR") regarding the trusteeshipconcerning Trusteeships.