Common use of Class Differences Clause in Contracts

Class Differences. The relative rights and preferences of the classes of any Sub-Trust may differ in such other respects as the Trustees may determine to be appropriate in their sole discretion, provided that such differences are set forth in the instrument establishing and designating such classes and executed by a majority of the Trustees (or by an instrument executed by an officer of the Trust pursuant to a vote of a majority of the Trustees). Without limiting the generality of the foregoing, each share of Class A shares, Class B shares, Class C shares or Class I shares of a Sub-Trust shall have, upon its issuance, all of the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications and terms and conditions of redemption currently accorded each other share of beneficial interest in that Sub-Trust, including that each Class A share, each Class B share, each Class C share and each Class I share shall be charged equally with each other share in the Sub-Trust with the expenses and liabilities of the Sub-Trust in respect of Class A, Class B, Class C and Class I shares or such other shares and in respect of any general expenses and liabilities of the Sub-Trust allocated to Class A shares, Class B shares, Class C shares and Class I shares or such other shares designated by the Trustees in accordance with the Agreement and Declaration of Trust, as amended from time to time, provided however, that to the extent permitted by rule or order of the Securities and Exchange Commission or any successor governmental authority:

Class Differences. The relative rights and preferences of the classes of any Sub-Trust may differ in such other respects as the Trustees may determine to be appropriate in their sole discretion, provided that such differences are set forth in the instrument establishing and designating such classes and executed by a majority of the Trustees (or by an instrument executed by an officer of the Trust pursuant to a vote of a majority of the Trustees). Without limiting the generality of the foregoing, each share Share of Class A sharesShares, Class B sharesShares, Class C shares Shares or Class I shares Shares of a Sub-Trust shall have, upon its issuance, all of the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications and terms and conditions of redemption currently accorded each other share Share of beneficial interest in that Sub-Trust, including that each Class A shareShare, each Class B shareShare, each Class C share Share and each Class I share Share shall be charged equally with each other share Share in the Sub-Trust with the expenses and liabilities of the Sub-Trust in respect of Class A, Class B, Class C and Class I shares Shares or such other shares Shares and in respect of any general expenses and liabilities of the Sub-Trust allocated to Class A sharesShares, Class B sharesShares, Class C shares Shares and Class I shares Shares or such other shares Shares designated by the Trustees in accordance with the Agreement and this Declaration of Trust, as amended from time to time, provided however, that to the extent permitted by rule or order of the Securities and Exchange Commission or any successor governmental authority:

Class Differences. The relative rights and preferences of the classes of any Sub-Trust may differ in such other respects as the Trustees may determine to be appropriate in their sole discretion, provided that such differences are set forth in the instrument establishing and designating such classes and executed by a majority of the Trustees (or by an instrument executed by an officer of the Trust pursuant to a vote of a majority of the Trustees). Without limiting the generality of the foregoing, each share Share of Class A sharesShares, Class B sharesShares, Class C shares Shares or Class I shares Shares of a Sub-Trust shall have, upon its issuance, all of the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications and terms and conditions of redemption currently accorded each other share Share of beneficial interest in that Sub-Trust, including that each Class A shareShare, each Class B shareShare, each Class C share Share and each Class I share Share shall be charged equally with each other share Share in the Sub-Trust with the expenses and liabilities of the Sub-Trust in respect of Class A, Class B, Class C and Class I shares Shares or such other shares Shares and in respect of any general expenses and liabilities of the Sub-Trust allocated to Class A sharesShares, Class B sharesShares, Class C shares Shares and Class I shares Shares or such other shares Shares designated by the Trustees in accordance with the Agreement and this Declaration of Trust, as amended from time to time, provided however, that to the extent permitted by rule or order of the Securities and Exchange Commission or any successor governmental authority:

Class Differences. The relative rights and preferences of the classes of any Sub-Trust may differ in such other respects as the Trustees may determine to be appropriate in their sole discretion, provided that such differences are set forth in the instrument establishing and designating such classes and executed by a majority of the Trustees (or by an instrument executed by an officer of the Trust pursuant to a vote of a majority of the Trustees). Without limiting the generality of the foregoing, each share of Class A shares, Class B shares, Class C shares or Class I shares of a Sub-Trust shall have, upon its issuance, all of the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications and terms and conditions of redemption currently accorded each other share of beneficial interest in that Sub-Trust, including that each Class A share, each Class B share, each Class C share and each Class I share shall be charged equally with each other share in the Sub-Trust with the expenses and liabilities of the Sub-Trust in respect of Class A, Class B, Class C and Class I shares or such other shares and in respect of any general expenses and liabilities of the Sub-Trust allocated to Class A shares, Class B shares, Class C shares and Class I shares or such other shares designated by the Trustees in accordance with the Agreement and Declaration of Trust, as amended from time to time, provided however, that to the extent permitted by rule or order of the Securities and Exchange Commission or any successor governmental authority: