Common use of Covenant of the Trust Clause in Contracts

Covenant of the Trust. The Class A Shares to be issued and delivered to the Governor Portfolio pursuant to the terms hereof shall have been duly authorized as of the Closing and, when so issued and delivered, shall be registered under the 1933 Act, duly and validly issued, and fully paid and non-assessable, and no shareholder of the Vision Portfolio shall have any statutory or contractual preemptive right of subscription or purchase in respect thereof.

Appears in 17 contracts

Samples: Agreement and Plan of Reorganization (Vision Group of Funds), Agreement and Plan of Reorganization (Vision Group of Funds), Agreement and Plan of Reorganization (Vision Group of Funds)

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