Common use of Costs of updating of registration statement Clause in Contracts

Costs of updating of registration statement. If provided for in the Prospectus for a Series of Trust, the Trust shall pay, or reimburse to the Depositor, the expenses related to the updating of the Trust’s registration statement, to the extent of legal fees, typesetting fees, electronic filing expenses and regulatory filing fees. Such expenses shall be paid from related the Series Income Account, or to the extent funds are not available in such Series Income Account, from the related Series Capital Account, against an invoice or invoices therefor presented to the Custodian by the Depositor. By presenting such invoice or invoices, the Depositor shall be deemed to certify, upon which certification the Custodian is authorized conclusively to rely, that the amounts claimed therein are properly payable pursuant to this paragraph. The Depositor shall provide the Administrator, from time to time as requested, an estimate of the amount of such expenses, which the Administrator shall use for the purpose of estimating the accrual of the related Series of Trust’s expenses. The amount paid by a Series of Trust pursuant to this paragraph in each year shall be separately identified in the annual statement provided to Unitholders. The Depositor shall assure that the Prospectus for the related Series of Trust contains such disclosure as shall be necessary to permit payment by the related Series of Trust of the expenses contemplated by this paragraph under applicable laws and regulations. The provisions of this paragraph shall not limit the authority of the Custodian to pay, or reimburse to the Depositor or others, such other or additional expenses as may be determined to be payable from the related Series of Trust as provided herein.