Units and Unitholder Rights. The Management Company may resolve to create one or more Classes of Units for any Sub-Fund or to terminate or consolidate existing Classes. The Classes may differ with respect to the application of income; distribution policy; subscription fees; redemption fees; denomination; currency hedging; remuneration for management; operations or other services; the minimum investment and minimum holding amount; distribution network; qualifying investors or other relevant differentiating terms / characteristics. As a result, due to the aforementioned differences in the terms / characteristics of a specific Class, the investment performance may vary across different Classes of a Sub-Fund despite the fact that all Classes of such Sub- Fund participate in the same portfolio of assets. The Units do not confer voting rights. There will be no general meetings of the Unitholders. For further information in relation to Units and Classes of Units please see section 7 below entitled “Investing in the UCITS”.
Units and Unitholder Rights. The Management Company may create one or more Classes of Units in a Sub-Fund. The UCITS may provide for different terms across different Classes, including fees payable, dividend policy, currency of denomination, hedging strategies, return of capital, use of techniques and instruments for efficient portfolio management, minimum investment and minimum holding amount, distribution network, qualifying investors and such Units may have preferred, deferred or other special rights or restrictions attached thereto. The Unitholders in a particular Class are subject only to the terms of such Class and not the terms of other Classes. With the purchase of Units of one or more Sub-Funds, each investor, by submitting the subscription application, agrees to the application of this Unit Trust Agreement and any amendments to the same which may be made in the future in accordance with the requirements of the FMA. The Unitholders shall not have or acquire any rights against the UCITS and the Management Company in respect of Units save such as are expressly conferred upon them by this Unit Trust Agreement. Except to the extent expressly provided in this Unit Trust Agreement, the aggregate liability of each Unitholder towards the UCITS is generally limited to the amount, if any, unpaid on the Units held by the Unitholder. Claims based on violation of the terms of this Unit Trust Agreement on the part of the Unitholder shall be reserved. The Units do not confer voting rights. There will be no general meetings of the Unitholders.
Units and Unitholder Rights. The Management Companymay resolve to create one or more Classes oUf nits for any Sub-Fund or to terminate or consolidate existing Classes. The Classes may differ with respect to the application of income; distribution policy; subscription fees; redemption fees; denomination; crurency hedging; remuneration for management; operations or other services; the minimum investment and minimum holding amou;nt distribution network; qualifying investorsor other relevant differentiating terms / characteristics. As a result, due to the aforementioned differences in the terms / characteristics of a specific Class, the investment performance may vary across different Classes of a S-uFbund despitethe fact that all Classes of such Su-b Fund participate in the same portfolio of assets. The Units do not confer voting rights. There will be no general meetings of the Unitholders. For further information in relation to Units and Classes ofUnits please see section 7below entitled o,QYHVWLUQCIJTSp LQ WKH
