Common use of Consideration for Shares Clause in Contracts

Consideration for Shares. The Trustees may issue Shares of the Trust (or any Series thereof) for such consideration (which may include property subject to, or acquired in connection with the assumption of, liabilities) and on such terms as they may determine (or for no consideration if pursuant to a Share dividend or split-up), all without action or approval of the Shareholders. All Shares when so issued on the terms determined by the Trustees shall be fully paid and nonassessable (but may be subject to mandatory contribution back to the Trust (or applicable Series) as provided in Section 6.1(l) hereof. The Trustees may classify or reclassify any unissued Shares, or any Shares of the Trust (or any Series thereof) previously issued and reacquired by the Trust, into Shares of the Trust or one or more other Series that may be established and designated from time to time.

Consideration for Shares. The Trustees may issue Shares of the Trust (or any Series thereof) for such consideration (which may include property subject to, or acquired in connection with the assumption of, liabilities) and on such terms as they may determine (or for no consideration if pursuant to a Share dividend or split-up), all without action or approval of the Shareholders. All Shares when so issued on the terms determined by the Trustees shall be fully paid and nonassessable (but may be subject to mandatory contribution back to the Trust (or applicable Series) as provided in Section 6.1(l6.1(1) hereof. The Trustees may classify or reclassify any unissued Shares, or any Shares of the Trust (or any Series thereof) previously issued and reacquired by the Trust, into Shares of the Trust or one or more other Series that may be established and designated from time to time.

Consideration for Shares. The Trustees may issue Shares of the Trust (or ------------------------ any Series thereof) or Classes of Shares of any Series for such consideration (which may include property subject to, or acquired in connection with the assumption of, liabilities) and on such terms as they may determine (or for no consideration if pursuant to a Share dividend or split-up), all without action or approval of the Shareholders. All Shares when so issued on the terms determined by the Trustees shall be fully paid and nonassessable non-assessable (but may be subject to mandatory contribution back to the Trust (or applicable Series) as provided in Section 6.1(l6.2(h) hereof). The Trustees may classify or reclassify any unissued Shares, or any Shares of the Trust (any Series or any Class of any Series thereof) previously issued and reacquired by the Trust, into Shares of the Trust or one or more other Series Portfolios that may be established and designated from time to time.