Ratable Allocation of Premium. So long as each Fund continues to operate as an investment company, each Fund agrees to pay its proportionate share of the total premium due under the Policy, which share shall be determined based on each Fund’s proportionate share of the sum of the premiums that would have been paid if such insurance coverage were purchased separately by the Funds.
Ratable Allocation of Premium. Each Fund will pay a percentage of the premium due under the bond in the proportion that each Fund's gross assets, determined as of the end of the fiscal quarter preceding each date that payment of the premium is due, bear to the sum of the gross assets of all the Funds.
Ratable Allocation of Premium. Each Party will pay the percentage of the premium due under the bond which is proportionate to the coverage as described in Paragraph 2.
Ratable Allocation of Premium. Any premium payable or due under the Bond shall be ratably allocated among the parties in proportion to their aggregate net assets.
Ratable Allocation of Premium. The Policy is tiered and shall consist of a primary, excess and Side A policy. Each of the primary and excess policies insure the Hatteras Entities for up to 10% of the Policy, the premium of which shall be paid by the Hatteras Entities. The Policy shall also consist of Side A coverage for the Registered Funds. Ninety-percent (90%) of the Policy premium shall be prorated among the Registered Funds based on the assets held by each Registered Fund. The portion of the premium owed by each of Hatteras Core Alternatives Fund, L.P., Hatteras Core Alternatives TEI Fund, L.P., Hatteras Core Alternatives Institutional Fund, L.P., Hatteras Core Alternatives TEI Institutional Fund, L.P. (each a “Feeder Fund”) shall be determined by multiplying the amount of premium owed by Hatteras Master Fund, L.P. (the “Master Fund”) by the percentage of the Master Fund’s investment attributable to the investment of that Feeder Fund. The Master Fund shall owe the premium attributable to it assets not owed by the Feeder Funds. So long as each Registered Fund continues to operate as an investment company, each Party agrees to pay its proportionate share of the total premium due under the Policy, which share shall be determined based on each Party’s proportionate share of the sum of the premiums that would have been paid if such insurance coverage were purchased separately by the Parties.
Ratable Allocation of Premium. Each Fund, so long as it continues to operate as an investment company, agrees to pay its proportionate share of the total premium due under the Policy, which share shall be determined based on each Insured Party's proportionate share of the sum of the premiums that would have been paid if such insurance coverage were purchased separately by the parties[; provided, however, that in cases where any Fund, on a stand-alone basis, would not be eligible for the Policy amount covered by this Agreement, the allocation will be based on the premium associated with the maximum policy amount available to that particular Fund based on its asset size or the premium associated with a $1 million policy, whichever is greater].
Ratable Allocation of Premium. The premium shall be allocated among the Joint Insured in accordance with Rule 17d-1(d)(7), and each Fund shall be allocated a proportionate share of the total premium due under the Policy allocable to the Trusts based on each Fund’s net assets.
