Common use of ADDITION OF NEW FUNDS Clause in Contracts

ADDITION OF NEW FUNDS. The parties to this Agreement contemplate that additional funds (“Additional Funds”) may be added form time to time after the date of this Agreement. In the event an Additional Fund is organized, such Fund may be included as an additional party to this Agreement if the Board of Directors of each of the Funds (including the Additional Fund) approves such addition and establish a revised minimum allocation of bond coverage. The inclusion of an Additional Fund as a party to this Agreement shall be evidenced by such Fund’s execution of an Addendum to this Agreement and all references herein to the “Funds” shall include any such Additional Funds.

ADDITION OF NEW FUNDS. The parties to this Agreement contemplate that additional funds (“Additional Funds”) may be added form from time to time after the date of this Agreement. In the event an Additional Fund is organized, such Fund may be included as an additional party to this Agreement if the Board of Directors of each of the Funds (including the Additional Fund) approves such addition and establish a revised minimum allocation of bond coverage. The inclusion of an Additional Fund as a party to this Agreement shall be evidenced by such Fund’s execution of an Addendum to this Agreement and all references herein to the “Funds” shall include any such Additional Funds.