Common use of Designation and Rights of Shares Clause in Contracts

Designation and Rights of Shares. Each Series shall be separate and distinct from any other Series. Separate and distinct records on the books of the Trust shall be maintained for each Series. The assets and liabilities belonging to any such Series shall be held and accounted for separately from the assets and liabilities of the Trust or any other Series. Shares of each Series, unless otherwise provided in the resolution establishing such Series, shall have the following relative rights and preferences:

Appears in 7 contracts

Samples: Agreement and Declaration, Agreement and Declaration (World Gold Trust), Agreement and Declaration (World Gold Trust)

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Designation and Rights of Shares. Each Series and Class shall be separate and distinct from any other SeriesSeries or Class. Separate and distinct records on the books of the Trust shall be maintained for each SeriesSeries and Class. The assets and liabilities belonging to any such Series shall be held and accounted for separately from the assets and liabilities of the Trust or any other Series. Shares of each SeriesSeries or Class, unless otherwise provided in the resolution establishing such SeriesSeries or Class, shall have the following relative rights and preferences:

Appears in 4 contracts

Samples: Agreement and Declaration of Trust (Franklin Ethereum Trust), Agreement and Declaration of Trust (Franklin Templeton Digital Holdings Trust), Agreement and Declaration of Trust (Franklin Templeton Digital Holdings Trust)

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Designation and Rights of Shares. Each Series shall be separate and distinct from any other Series. Separate , separate and distinct records on the books of the Trust shall be maintained for each Series. The , and the assets and liabilities belonging to any such Series shall be held and accounted for separately from the assets and liabilities of the Trust or any other Series. Shares of each SeriesSeries (or Class) established pursuant to this Article II, unless otherwise provided in the resolution establishing such SeriesSeries (or Class), shall have the following relative rights and preferences:

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Global Currency Gold Trust)

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