Common use of Statements of Account Clause in Contracts

Statements of Account. The Agent will deliver to each Unitholder a statement of account (the “Statement of Account”) showing the number of Units to which they are entitled by reason of payments made by them or for their account, including the reinvestment of income and gains, if any. Units shall be issued to Unitholders in consideration of investments made in the Fund on the basis of the Units’ Net Asset Value, as determined in the manner provided below in Paragraph 13. Each Unit shall be equal to every other Unit, without preference or priority of any one Unit over another. Unitholders shall have no voting rights hereunder except with respect to amendments to this Agreement, as described in Paragraph 20 below, and as required by applicable law. Each Unit entitles the holder to one vote. The Units do not confer preemptive, subscription or conversion rights to Unitholders. The Trustees are authorized and empowered in their discretion, at any time and from time to time, to authorize Unit splits or reverse splits, provided, however, that the proportionate interest of each Unitholder shall not in any way be adversely affected thereby. In the event the number of Units is increased, the Trustees shall issue to each Unitholder, without further payment, a Statement of Account showing the additional Units to which the Unitholder shall be entitled, such additional Units to be in the same proportion to the number of Units held by the Unitholder prior to such issuance as the total number of additional Units to be issued is to the total number of Units outstanding prior to such issuance. In the event that the number of Units shall be reduced, the Trustees shall issue a Statement of Account showing such reduction, and the Trustees may do all things necessary or expedient to make such reduction effective.

Statements of Account. The Agent will deliver to each Unitholder a statement of account (the “"Statement of Account”") showing the number of Units to which they are entitled by reason of payments made by them or for their account, including the reinvestment of income and gains, if any. Units shall be issued to Unitholders in consideration of investments made in the Fund on the basis of the Units’ ' Net Asset Value, as determined in the manner provided below in Paragraph 13. Each Unit shall be equal to every other Unit, without preference or priority of any one Unit over another. Unitholders shall have no voting rights hereunder except with respect to amendments to this Agreement, as described in Paragraph 20 below, and as required by applicable law. Each Unit entitles the holder to one vote. The Units do not confer preemptive, subscription or conversion rights to Unitholders. The Trustees are authorized and empowered in their discretion, at any time and from time to time, to authorize Unit splits or reverse splits, provided, however, that the proportionate interest of each Unitholder shall not in any way be adversely affected thereby. In the event the number of Units is increased, the Trustees shall issue to each Unitholder, without further payment, a Statement of Account showing the additional Units to which the Unitholder shall be entitled, such additional Units to be in the same proportion to the number of Units held by the Unitholder prior to such issuance as the total number of additional Units to be issued is to the total number of Units outstanding prior to such issuance. In the event that the number of Units shall be reduced, the Trustees shall issue a Statement of Account showing such reduction, and the Trustees may do all things necessary or expedient to make such reduction effective.

Statements of Account. The AND FUND CERTIFICATES--Unless requested by Unitholders, no certificates ("Certificates") evidencing the ownership of Units will be issued. In lieu thereof, the Unitholder Servicing Agent will deliver issue to each Unitholder a statement Unitholders Statements of account (the “Statement of Account”) Account showing the number of Units bookunits ("Bookunits") in the Fund to which they are entitled by reason of payments made by them or for their account, including the reinvestment of income and gains, if any. The Statement of Account will set forth the total number of Units then owned by the Unitholder (whether or not Certificates therefor have been issued). Unitholders may obtain Certificates evidencing all or a portion of the Units to which they are then entitled, by requesting the same from the Unitholder Servicing Agent in writing. Units issued by the Trustees on the first purchase of Units from the Fund when it commences operations, shall each be valued at Ten Dollars ($10) and shall be paid in cash to the Trustees. Thereafter, Units shall be issued to Unitholders in consideration of investments made in the Fund on the basis of the Units’ their Net Asset Value, determined as determined in the manner provided below in Paragraph 1315 hereof. Each Unit Unit, whether evidenced by a Statement of Account or by a Certificate, shall be equal to every other Unit, without preference or priority of any one Unit over anotherany other. Unitholders shall have no voting rights hereunder except with respect to amendments to this the Fund Agreement, as described in Paragraph 20 below23 hereof, and as required by applicable lawwith respect to changes in the Fund's fundamental policies. Each Unit entitles the holder thereof to one vote. The Units do not confer There are no preemptive, subscription or conversion rights to Unitholdersrights. The Trustees are authorized and empowered in their discretion, at any time (and from time to time, ) to authorize Unit splits or reverse splits, provided, however, that the proportionate interest of each Unitholder in the Fund shall not in any way be adversely affected thereby. In the event the number of Units is increased, the Trustees shall issue to each Unitholder, without further payment, a Statement of Account showing evidencing the additional Units to which the Unitholder shall be entitled, such additional Units to be in the same proportion to the number of Units held by the Unitholder prior to such issuance as the total number of additional Units to be issued is to the total number of Units outstanding prior to such issuance. In the event that the number of Units shall be reduced, the Trustees shall issue a Statement of Account showing reflecting such reductionreduction and may require each Unitholder to whom Certificates had been previously issued to surrender such Certificates for reissue in terms of the reduced number of Units, and the Trustees may do all things necessary or expedient to make such reduction effective.

Statements of Account. The Agent will deliver issue to each Unitholder a statement of account (the “"Statement of Account”") showing the number of Units of the Fund to which they are entitled by reason of payments made by them or for their account, including the reinvestment of income and gains, if any. Units issued by the Trustees on the first purchase of Units from the Fund when it commences operations, shall each be valued at One Dollar ($1.00) and shall be paid in cash to the Trustees. Thereafter, Units shall be issued to Unitholders in consideration of investments made in the Fund on the basis of the Units’ their Net Asset Value, determined as determined in the manner provided below in Paragraph 1315 below. Each Unit shall be equal to every other Unit, without preference or priority of any one Unit over anotherany other. Unitholders shall have no voting rights hereunder except with respect to amendments to this Agreement, as described in Paragraph 20 23 below, and as required by applicable lawwith respect to changes in the Fund's fundamental policies. Each Unit entitles the holder thereof to one vote. The Units do not confer There are no preemptive, subscription or conversion rights to Unitholdersrights. The Trustees are authorized and empowered in their discretion, at any time (and from time to time, ) to authorize Unit splits or reverse splits, provided, however, that the proportionate interest of each Unitholder in the Fund shall not in any way be adversely affected thereby. In the event the number of Units is increased, the Trustees shall issue to each Unitholder, without further payment, a Statement of Account showing evidencing the additional Units to which the Unitholder shall be entitled, such additional Units to be in the same proportion to the number of Units held by the Unitholder prior to such issuance as the total number of additional Units to be issued is to the total number of Units outstanding prior to such issuance. In the event that the number of Units shall be reduced, the Trustees shall issue a Statement of Account showing reflecting such reductionreduction and may require each Unitholder to whom Certificates had been previously issued to surrender such Certificates for reissue in terms of the reduced number of Units, and the Trustees may do all things necessary or expedient to make such reduction effective.

Statements of Account. The AND FUND CERTIFICATES--Unless requested by Unitholders, no certificates ("Certificates") evidencing the ownership of Units will be issued. In lieu thereof, the Unitholder Servicing Agent will deliver issue to each Unitholder a statement Unitholders Statements of account (the “Statement of Account”) Account showing the number of Units bookunits ("Bookunits") in the Fund to which they are entitled by reason of payments made by them or for their account, including the reinvestment of income and gains, if any. Each Statement of Account will set forth the total number of Units then owned by the Unitholder (whether or not Certificates therefor have been issued). Unitholders may obtain Certificates evidencing all or a portion of the Units to which they are then entitled, by requesting the same from the Unitholder Servicing Agent in writing. Units issued by the Trustees on the first purchase of Units from the Fund when it commences operations, shall each be valued at Ten Dollars ($10) and shall be paid in cash to the Trustees. Thereafter, Units shall be issued to Unitholders in consideration of investments made in the Fund on the basis of the Units’ their Net Asset Value, determined as determined in the manner provided below in Paragraph 1315 hereof. Each Unit Unit, whether evidenced by a Statement of Account or by a Certificate, shall be equal to every other Unit, without preference or priority of any one Unit over anotherany other. Unitholders shall have no voting rights hereunder except with respect to amendments to this the Fund Agreement, as described in Paragraph 20 below23 hereof, and as required by applicable lawwith respect to the changes in the Fund's fundamental policies. Each Unit entitles the holder thereof to one vote. The Units do not confer There are no preemptive, subscription or conversion rights to Unitholdersrights. The Trustees are authorized and empowered in their discretion, at any time (and from time to time, ) to authorize Unit splits or reverse splits, provided, however, that the proportionate interest of each Unitholder in the Fund shall not in any way be adversely affected thereby. In the event the number of Units is increased, the Trustees shall issue to each Unitholder, without further payment, a Statement of Account showing evidencing the additional Units to which the Unitholder shall be entitled, such additional Units to be in the same proportion to the number of Units held by the Unitholder prior to such issuance as the total number of additional Units to be issued is to the total number of Units outstanding prior to such issuance. In the event that the number of Units shall be reduced, the Trustees shall issue a Statement of Account showing reflecting such reduction, reduction and may require each Unitholder to whom Certificates have been issued to surrender such Certificates for reissue in terms of the reduced number of Units and the Trustees may do all things necessary or expedient to make such reduction effective.