Authorization of Issuance of Interest. The issuance by the Portfolio of the Interest in exchange for the Investment by the Fund of its Assets has been duly authorized by all necessary action on the part of the Board of Trustees of the Portfolio. When issued in accordance with the terms of this Agreement, the Interest will be validly issued, fully paid and non-assessable by the Portfolio.
Appears in 8 contracts
Samples: Third Party Feeder Fund Agreement (Security Income Fund /Ks/), Fund Agreement (Homestead Funds Inc), Agreement (American Aadvantage Mileage Funds)
Authorization of Issuance of Interest. The issuance by the each Portfolio of the Interest Shares in exchange for the Investment investment by the each Fund of its Assets has been duly authorized by all necessary action on the part of the Master Trust's Board of Trustees of the PortfolioTrustees. When issued in accordance with the terms of this Agreement, the Interest Shares will be validly issued, fully paid and non-assessable by the Portfolio.
Appears in 6 contracts
Samples: License Agreement (Usaa Mutual Fund Inc), License Agreement (Usaa Mutual Fund Inc), Subadministration Agreement (Usaa Mutual Funds Trust)
Authorization of Issuance of Interest. The issuance by the Portfolio of the Interest in exchange for the Investment by the Fund of its Assets has been duly authorized by all necessary action on the part of the Board of Trustees of the PortfolioAMR Trust. When issued in accordance with the terms of this Agreement, the Interest will be validly issued, fully paid and non-assessable by the Portfolio.
Appears in 5 contracts
Samples: Agreement (Intrust Funds Trust), Master Feeder Participation Agreement (Ameriprime Funds), Agreement (Conseco Fund Group)
Authorization of Issuance of Interest. The issuance by the Portfolio of the Interest in exchange for the Investment by the Fund of its Assets has been duly authorized by all necessary action on the part of the Board of Trustees of the PortfolioPortfolio Trust. When issued in accordance with the terms of this Agreement, the Interest will be validly issued, fully paid and non-assessable by the PortfolioPortfolio Trust.
Appears in 3 contracts
Samples: Agreement (Dreyfus Premier Stock Funds), Agreement (Dreyfus Premier Stock Funds), Agreement (Merrimac Series)
Authorization of Issuance of Interest. The issuance by the Portfolio of the Interest in exchange for the Investment by the Fund of its the Assets has been duly authorized by all necessary action on the part of the Board of Trustees of the Portfolio. When issued in accordance with the terms of this Agreement, the Interest will be validly issued, fully paid and non-assessable by the Portfolio.
Appears in 2 contracts
Samples: Third Party Feeder Agreement (Usaa Mutual Fund Inc), Feeder Agreement (Usaa Mutual Fund Inc)
Authorization of Issuance of Interest. The issuance by the Portfolio of the Interest Interests in exchange for the Investment by the Fund of its Assets assets has been duly authorized by all necessary action on the part of the Board of Trustees of the Portfolio. When issued in accordance with the terms of this Agreement, the Interest Interests will be validly issued, fully paid and non-assessable by the Portfolio.
Appears in 2 contracts
Samples: Agreement (Ssga Funds), Master Feeder Participation Agreement (Ssga Funds)
Authorization of Issuance of Interest. The issuance by the Portfolio of the an Interest in exchange for the Investment by the each Fund of its Assets assets has been duly authorized by all necessary action on the part of the Board of Trustees of the PortfolioMaster Trust. When issued in accordance with the terms of this Agreement, the Interest will be validly issued, fully paid and non-assessable by the Portfolio.
Appears in 2 contracts
Samples: Agreement (State Street Master Funds), Master Feeder Participation Agreement (American Aadvantage Funds)
Authorization of Issuance of Interest. The issuance by the Portfolio of the Interest an Account in exchange for the Investment by the each Fund of its Assets assets has been duly authorized by all necessary action on the part of the Board of Trustees of the Portfolio. When issued in accordance with the terms of this Agreement, the Interest Account will be validly issued, fully paid and non-assessable by the Portfolio.
Appears in 1 contract
Authorization of Issuance of Interest. The issuance by the ------------------------------------- Portfolio of the Interest in exchange for the Investment by the Fund of its Assets has been duly authorized by all necessary action on the part of the Board of Trustees of the PortfolioPortfolio Trust. When issued in accordance with the terms of this Agreement, the Interest will be validly issued, fully paid and non-assessable by the PortfolioPortfolio Trust.
Appears in 1 contract
Authorization of Issuance of Interest. The issuance by the Portfolio of the Interest interest in exchange for the Investment investment by the Fund of its Assets assets has been duly authorized by all necessary action on the part of the Board of Trustees Directors of the Company on behalf of the Portfolio. When issued in accordance with the terms of this Agreement, the Interest interest will be validly issued, fully paid and non-assessable by the Portfolio.
Appears in 1 contract
