Common use of Units and Unitholder Rights Clause in Contracts

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 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 signing the subscription applicationSubscription Agreement, 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 the Subscription Agreement and 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.