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Common use of Consideration for Shares Clause in Contracts

Consideration for Shares. The Trustees may issue 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 non-assessable (but may be subject to mandatory contribution back to the Trust as provided in Section 6.2.(h) hereof).

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Alger China-Us Growth Fund), Agreement and Declaration of Trust (Alger China-Us Growth Fund), Amended and Restated Agreement and Declaration of Trust (Alger Funds)

Consideration for Shares. The Trustees may issue Shares of any Series or Class 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 non-assessable (but may be subject to mandatory contribution back to the Trust as provided in Section 6.2.(h6.2.(g) hereof).

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Alger Portfolios), Agreement and Declaration of Trust (Alger Funds)

Consideration for Shares. The Trustees may issue 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 non-assessable (but may be subject to mandatory contribution back to the Trust as provided in Section 6.2.(h6.2(h) hereof).

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (JWB Aggressive Growth Fund), Agreement and Declaration of Trust (Warburg Pincus Trust Ii)

Consideration for Shares. The Trustees may issue Shares of any Series or Class 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 non-non assessable (but may be subject to mandatory contribution back to the Trust as provided in Section 6.2.(h6.2(g) hereof).

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Alger Institutional Funds)

Consideration for Shares. The Trustees may issue 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 non-assessable (but may be subject to mandatory contribution back to the Trust as provided in Section 6.2.(hSECTION 6.2(H) hereof).

Appears in 1 contract

Samples: Trust Agreement (Global China Growth Fund)

Consideration for Shares. The Trustees may issue Shares of any Class or 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-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 non-assessable (but may be subject to mandatory contribution back to the Trust as provided in Section 6.2.(h) hereof)assessable.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (John Hancock Financial Opportunities Fund)

Consideration for Shares. The Trustees may issue 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 non-assessable nonassessable (but may be subject to mandatory contribution back to the Trust as provided in Section 6.2.(h6.2(g) hereof).

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Alliance Municipal Income Fund Ii)

Consideration for Shares. The Trustees may issue Shares of any Series or Class 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 non-assessable (but may be subject to mandatory contribution back to the Trust as provided in Section 6.2.(h6.2 (h) hereof).

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Williamsburg Investment Trust)

Consideration for Shares. The Trustees may issue 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 non-assessable (but may be subject to mandatory contribution back to the Trust as provided in Section 6.2.(hSECTION 6.2(h) hereof).

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Ashport Mutual Funds Trust)