Common use of Dissolution or Termination Clause in Contracts

Dissolution or Termination. Any particular Series shall be dissolved upon the occurrence of the applicable dissolution events set forth in Article VIII, Section 1. In addition, at any time that there are either no Shares outstanding of any particular Series, or in the discretion of the Board of Trustees, as may be permitted by the 1940 Act, the Board of Trustees may, by resolution of a majority of the Board of Trustees, dissolve such Series. Upon dissolution, the Trustees shall wind up the affairs of such Series in accordance with Article VIII Section 1 and thereafter, rescind the establishment and designation thereof. The Board of Trustees shall, by resolution of a majority of the Board of Trustees, terminate any particular class and rescind the establishment and designation thereof upon the vote of not less than a majority of the Shares outstanding and entitled to vote of such class. In addition, the Board of Trustees may, by resolution of a majority of the Board of Trustees, terminate such class and rescind the establishment and designation thereof: (i) at the discretion of the Board of Trustees, by written notice to the Shareholders of that class or (ii) at any time that there are no Shares outstanding of such class; PROVIDED, HOWEVER, that upon the rescission of the establishment and designation of any particular Series, every class of such Series shall thereby be terminated and its establishment and designation rescinded. Each resolution of the Board of Trustees pursuant to this Section 6(i) shall be incorporated herein by reference upon adoption.

Dissolution or Termination. Any particular Series shall be --------------------------- dissolved upon the occurrence of the applicable dissolution events set forth in Article VIII, Section 1. In addition, at any time that there are either no Shares outstanding of any particular Series, or in the discretion of the Board of Trustees, as may be permitted by the 1940 Act, the Board of Trustees may, by resolution of a majority of the Board of Trustees, dissolve such Series. Upon dissolution, the Trustees shall wind up the affairs of such Series in accordance with Article VIII Section 1 and thereafter, rescind the establishment and designation thereof. The Board of Trustees shall, by resolution of a majority of the Board of Trustees, terminate any particular class and rescind the establishment and designation thereof upon the vote of not less than a majority of the Shares outstanding and entitled to vote of such class. In addition, the Board of Trustees may, by resolution of a majority of the Board of Trustees, terminate such class and rescind the establishment and designation thereof: (i) at the discretion of the Board of Trustees, by written notice to the Shareholders of that class or (ii) at any time that there are no Shares outstanding of such class; PROVIDEDprovided, HOWEVERhowever, that upon the rescission of the -------- ------- establishment and designation of any particular Series, every class of such Series shall thereby be terminated and its establishment and designation rescinded. Each resolution of the Board of Trustees pursuant to this Section 6(i) shall be incorporated herein by reference upon adoption.