Common use of Dissolution and Termination of Trust, Series or Class Clause in Contracts

Dissolution and Termination of Trust, Series or Class. (a) Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be dissolved at any time by the Trustees by written notice to the Shareholders. Any Series of Shares may be dissolved at any time by the Trustees by written notice to the Shareholders of such Series. Any Class of any Series of Shares may be terminated at any time by the Trustees by written notice to the Shareholders of such Class. Any action to dissolve the Trust shall be deemed also to be an action to dissolve each Series and each Class thereof and any action to dissolve a Series shall be deemed also to be an action to terminate each Class thereof.

Appears in 136 contracts

Samples: Agreement and Declaration of Trust (American Funds U.S. Small & Mid Cap Equity Fund), Agreement and Declaration (Capital Group Fixed Income ETF Trust), Agreement and Declaration of Trust (American Funds College Target Date Series)

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Dissolution and Termination of Trust, Series or Class. (a) Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be dissolved at any time by the Trustees by written notice to the Shareholders. Any Series of Shares may be dissolved at any time by the Trustees by written notice to the Shareholders of such Series. Any Class class of any Series of Shares may be terminated at any time by the Trustees by written notice to the Shareholders of such Classclass. Any action to dissolve the Trust shall be deemed also to be an action to dissolve each Series and each Class class thereof and any action to dissolve a Series shall be deemed also to be an action to terminate each Class class thereof.

Appears in 7 contracts

Samples: Agreement and Declaration of Trust (Texas Capital Funds Trust), Agreement and Declaration (Themes ETF Trust), Agreement and Declaration of Trust (Themes ETF Trust)

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