Action upon Termination of Custodian Agreement. Upon termination of a Custodian Agreement or inability of the Custodian to continue to serve, the Trustees shall promptly appoint a successor custodian, but in the event that no successor custodian can be found who has the required qualifications and is willing to serve, the Trustees shall call as promptly as possible a special meeting of the Shareholders to determine whether the Trust shall function without a custodian or shall be liquidated. If so directed by a vote of holders of the majority of the outstanding Shares entitled to vote, the Custodian shall deliver and pay over all Trust Property held by it as specified in such vote.
Appears in 24 contracts
Samples: By Laws (Hotchkis & Wiley Funds /De/), By Laws (Hotchkis & Wiley Funds /De/), By Laws (Dryden Tax Managed Funds)
Action upon Termination of Custodian Agreement. Upon termination of a Custodian Agreement or inability of the Custodian to continue to serve, the Trustees shall promptly appoint a successor custodianCustodian, but in the event that no successor custodian Custodian can be found who has the required qualifications and is willing to serve, the Trustees shall call as promptly as possible a special meeting of the Shareholders to determine whether the Trust shall function without a custodian Custodian or shall be liquidated. If so directed by a vote of holders of the majority of the outstanding Shares entitled to vote, the Custodian shall deliver and pay over all Trust Property held by it as specified in such vote.
Appears in 5 contracts
Samples: By Laws (Persimmon Growth Partners Investor Fund), By Laws (Constellation Institutional Portfolios), By Laws (Westlakes Institutional Portfolios)
Action upon Termination of Custodian Agreement. Upon termination of a Custodian Agreement custodian agreement or inability of the Custodian any custodian to continue agreement or inability of any custodian to continue to serve, the Trustees shall promptly appoint a successor custodian, but in the event that no successor custodian can be found who has the required qualifications and is willing to serve, the Trustees shall call as promptly as possible a special Shareholders' meeting of the Shareholders to determine whether the Trust shall function without a custodian or shall be liquidated. If so directed by a vote of the holders of the a majority of the Shares outstanding Shares and entitled to vote, the Custodian custodian shall deliver and pay over all Trust Property held by it as specified in such vote.
Appears in 2 contracts
Samples: Agreement and Declaration of Trust (Transamerica Idex Mutual Funds), Declaration of Trust (Aegon/Transamerica Series Trust)
Action upon Termination of Custodian Agreement. Upon termination of a Custodian Agreement or inability of the Custodian to continue to serve, the Trustees Directors shall promptly appoint a successor custodianCustodian, but in the event that no successor custodian Custodian can be found who has the required qualifications and is willing to serve, the Trustees Directors shall call as promptly as possible a special meeting of the Shareholders to determine whether the Trust shall function without a custodian Custodian or shall be liquidated. If so directed by a vote of holders of the majority of the outstanding Shares entitled to vote, the Custodian shall deliver and pay over all Trust Property held by it as specified in such vote.
Appears in 2 contracts
Samples: By Laws (Commonfund Institutional Funds), By Laws (Commonfund Institutional Funds)
Action upon Termination of Custodian Agreement. Upon termination of a Custodian Agreement or inability of the Custodian to continue to serve, the Trustees Directors shall promptly appoint a successor custodian, but in the event that no successor custodian can be found who has the required qualifications and is willing to serve, the Trustees Directors shall call as promptly as possible a special meeting of the Shareholders to determine whether the Trust shall function without a custodian or shall be liquidated. If so directed by a vote of holders of the majority of the outstanding Shares entitled to vote, the Custodian shall deliver and pay over all Trust Property held by it as specified in such vote.
Appears in 2 contracts
Samples: By Laws (Vantagepoint Funds), By Laws (Vantagepoint Funds)
Action upon Termination of Custodian Agreement. Upon termination resignation of a Custodian Agreement of the Trust or inability of the a Custodian to continue to serve, the Trustees shall promptly appoint a successor custodianCustodian, but in the event that no successor custodian Custodian can be found who has the required qualifications and is willing to serve, the Trustees shall call as promptly as possible a special meeting of the Shareholders to determine whether the Trust shall function without a custodian Custodian or shall be liquidated. If so directed by a vote of the holders of the a majority of the outstanding Shares entitled to voteof the Trust, the Custodian shall deliver and pay over all property of the Trust Property held by it as specified in such vote.
Appears in 2 contracts
Samples: By Laws (Nasl Series Trust), By Laws (Clearwater Investment Fund)
Action upon Termination of Custodian Agreement. Upon ---------------------------------------------- termination of a Custodian Agreement or inability of the Custodian to continue to serve, the Trustees shall promptly appoint a successor custodian, but in the event that no successor custodian can be found who has the required qualifications and is willing to serve, the Trustees shall call as promptly as possible a special meeting of the Shareholders to determine whether the Trust shall function without a custodian or shall be liquidated. If so directed by a vote of holders of the majority of the outstanding Shares entitled to vote, the Custodian shall deliver and pay over all Trust Property held by it as specified in such vote.
Appears in 1 contract
Samples: By Laws (Managed Account Series)
Action upon Termination of Custodian Agreement. Upon ---------------------------------------------- termination of a Custodian Agreement any custodian agreement with respect to any Portfolio or inability of the Custodian any custodian to continue to serve, the Trustees shall promptly appoint a successor custodian, but in the event that no successor custodian can be found who has the required qualifications and is willing to serve, the Trustees shall call as promptly as possible a special Shareholders' meeting of the Shareholders to determine whether the Trust such Portfolios shall function without a custodian or shall be liquidated. If so directed by a vote of the holders of the a majority of the Shares of such Portfolios outstanding Shares and entitled to vote, the Custodian custodian shall deliver and pay over all Trust Property held by it as specified in such vote.
Appears in 1 contract
Samples: Restated Agreement and Declaration of Trust (Fulcrum Trust)
Action upon Termination of Custodian Agreement. Upon termination of a Custodian Agreement or inability of the Custodian to continue to serve, the Trustees shall promptly appoint a successor custodian, but in the event that no successor custodian can be found who has the required qualifications and is willing to serve, the Trustees shall call as promptly as possible a special meeting of the Shareholders to determine whether the Trust shall function without a custodian or shall be liquidated. If so directed by a vote of holders of the majority of the outstanding Shares entitled to vote, the Custodian shall deliver and pay over all Trust Property held by it as specified in such vote.. CHICAGO/#2945419.2
Appears in 1 contract
Action upon Termination of Custodian Agreement. Upon termination of a Custodian Agreement custodian agreement or inability of the Custodian custodian to continue to serve, the Trustees shall promptly appoint a successor custodian, but in the event that no successor custodian can be found who has the required qualifications and is willing to serve, the Trustees shall call as promptly as possible a special meeting of the Shareholders to determine whether the Trust shall function without a custodian or shall be liquidated. If so directed by a vote of holders of the majority of the outstanding Shares entitled to vote, the Custodian custodian shall deliver and pay over all Trust Property held by it as specified in such vote.
Appears in 1 contract
Samples: By Laws (Philadelphia Investment Partners New Generation Fund)
Action upon Termination of Custodian Agreement. Upon termination of a Custodian Agreement or inability of the Custodian to continue to serve, the Trustees Directors shall promptly appoint a successor custodian, but in the event that no successor custodian can be found who has the required qualifications and is willing to serve, the Trustees Directors shall call as promptly as possible a special meeting of the Shareholders to determine whether the Trust Company shall function without a custodian or shall be liquidated. If so directed by a vote of holders of the majority of the outstanding Shares entitled to vote, the Custodian shall deliver and pay over all Trust Company Property held by it as specified in such vote.
Appears in 1 contract
Action upon Termination of Custodian Agreement. Upon termination ---------------------------------------------- of a Custodian Agreement or inability of the Custodian to continue to serve, the Trustees shall promptly appoint a successor custodian, but in the event that no successor custodian can be found who has the required qualifications and is willing to serve, the Trustees shall call as promptly as possible a special meeting of the Shareholders to determine whether the Trust shall function without a custodian or shall be liquidated. If so directed by a vote of holders of the majority of the outstanding Shares entitled to vote, the Custodian shall deliver and pay over all Trust Property held by it as specified in such vote.
Appears in 1 contract
Samples: By Laws (Merrill Lynch Inflation Protected Bond Fund)