Common use of Duration and Termination of Trust Clause in Contracts

Duration and Termination of Trust. Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by a majority of the Trustees then in office subject to a favorable vote of a majority of the outstanding voting Shares, as defined in the 1940 Act, of each Series voting separately by Series. Upon termination, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash, securities or other property, or any combination thereof, and distribute the proceeds to the Shareholders, in conformity with the provisions of subsection (d) of Section 4.2.

Appears in 34 contracts

Samples: Trust Agreement (Broadway Trust), Trust Agreement (Ameriprime Insurance Trust), Agreement and Declaration of Trust (Dunhill Investment Trust)

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Duration and Termination of Trust. Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by a majority vote of Shareholders holding at least 66 2/3% of the Shares entitled to vote or by the Trustees then in office subject by written notice to a favorable vote of a majority the Shareholders. Upon termination of the outstanding voting Shares, as defined in the 1940 Act, of each Series voting separately by Series. Upon terminationTrust, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash, securities cash or shares or other propertysecurities, or any combination thereof, and distribute the proceeds to the Shareholders, in conformity with ratably according to the provisions number of subsection (d) Shares held by the several Shareholders on the date of Section 4.2termination.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Colonial Municipal Income Trust), Agreement and Declaration of Trust (Colonial Investment Grade Municipal Trust)

Duration and Termination of Trust. Unless terminated as provided herein, the Trust shall continue without limitation of timetime and, without limiting the generality of the foregoing, no change, alteration or modification with respect to any Fund or Series of Shares shall operate to terminate the Trust. The Trust may be terminated at any time by a majority Majority of the Trustees then in office subject to a favorable vote of a majority of the outstanding voting Shares, as defined in the 1940 Act, of each Series voting separately by SeriesTrustees. Upon termination, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash, securities Securities or other property, or any combination thereof, and distribute the proceeds to the Shareholders, in conformity with the provisions of subsection (dSection 6.2.(d) of Section 4.2hereof.

Appears in 2 contracts

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

Duration and Termination of Trust. Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by a majority of the Trustees then in office office, subject to a favorable vote of a majority of the outstanding voting Sharessecurities, as defined in the 1940 Act, Shares of each Series voting separately by Series. Upon termination, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash, securities or other property, or any combination thereof, and distribute the proceeds to the Shareholders, in conformity with the provisions of subsection (de) of Section 4.2.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Freedom Group of Tax Exempt Funds)

Duration and Termination of Trust. Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by a majority of the Trustees then in office subject to t a favorable vote of a majority of the outstanding voting Sharessecurities, as defined in the 1940 Act, (Shares) of each Series voting separately by Series. Upon termination, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash, securities or other property, or any combination thereof, and distribute the proceeds to the Shareholders, in conformity with the provisions of subsection (d) of Section 4.2.

Appears in 1 contract

Samples: Restated Agreement and Declaration of Trust (Countrywide Investment Trust)

Duration and Termination of Trust. Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by a majority of the Trustees then in office subject to a favorable vote of a majority of the outstanding voting Sharessecurities, as defined in the 1940 Act, of each Series voting separately by Series. Upon termination, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash, securities or other property, or any combination thereof, and distribute the proceeds to the Shareholders, in conformity with the provisions of subsection (d) of Section 4.2.

Appears in 1 contract

Samples: Restated Agreement and Declaration of Trust (Countrywide Strategic Trust)

Duration and Termination of Trust. Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by a majority of the Trustees then in office subject to a favorable vote of a majority of the outstanding voting Sharessecurities, as defined in the 1940 Act, (Shares) of each Series voting separately by Series. Upon termination, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash, securities or other property, or any combination thereof, and distribute the proceeds to the Shareholders, in conformity with the provisions of subsection (d) of Section 4.2.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Fairmont Fund Trust)

Duration and Termination of Trust. Unless terminated as provided herein, the Trust shall continue without limitation of timetime and, without limiting the generality of the foregoing, no change, alteration or modification with respect to any Portfolio or Series of Shares shall operate to terminate the Trust. The Trust may be terminated at any time by a majority Majority of the Trustees then in office subject to a favorable vote of a majority of the outstanding voting Shares, as defined in the 1940 Act, of each Series voting separately by SeriesTrustees. Upon termination, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash, securities Securities or other property, or any combination thereof, and distribute the proceeds to the Shareholders, in conformity with the provisions of subsection (dSection 6.2.(d) of Section 4.2hereof.

Appears in 1 contract

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

Duration and Termination of Trust. Unless terminated as provided herein, the Trust shall continue without limitation of timetime and, without limiting the generality of the foregoing, no change, alteration or modification with respect to any Portfolio or Series of Shares shall operate to terminate the Trust. The Trust may be terminated at any time by a majority Majority of the Trustees then in office subject to a favorable vote of a majority of the outstanding voting Shares, as defined in the 1940 Act, of each Series voting separately by SeriesTrustees. Upon termination, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash, securities Securities or other property, or any combination thereof, and distribute the proceeds to the Shareholders, in conformity with the provisions of subsection (dSection 6.2.(d) of Section 4.2hereof.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Alger Portfolios)

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Duration and Termination of Trust. Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by a majority of the Trustees then in office subject to the approval by a favorable vote Vote of a majority Majority of the outstanding voting Shares, as defined in the 1940 Act, Outstanding Voting Securities of each Series voting separately by Series. Upon termination, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated anticipated, as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash, securities or other property, or any combination thereof, and distribute the proceeds to the Shareholders, in conformity with the provisions of subsection (d) of Section 4.23.2.

Appears in 1 contract

Samples: Declaration of Trust (Phoenix Multi Portfolio Fund)

Duration and Termination of Trust. Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by a majority vote of Shareholders holding at least 66 2/3% of the Shares entitled to vote or by the Trustees then in office subject by written notice to a favorable vote of a majority the Shareholders. Upon termination of the outstanding voting Shares, as defined in the 1940 Act, of each Series voting separately by Series. Upon terminationTrust, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash, securities cash or shares or other propertysecurities, or any combination thereof, and distribute the proceeds to the Shareholders, in conformity with ratably according to the provisions number of subsection (d) Shares held by the several Shareholders on the date of Section 4.2.termination. Filing of Copies, References, Headings ---------------------------------------

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Colonial Intermediate High Income Fund)

Duration and Termination of Trust. Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by a majority of the Trustees then in office office, subject to a favorable vote of a majority of the outstanding voting Sharessecurities, as defined in the 1940 Act, Shares of each Series voting separately by Series. Upon termination, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash, securities or other property, or any combination thereof, and distribute the proceeds to the Shareholders, in conformity with the provisions of subsection (de) of Section 4.2.. 23

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Freedom Mutual Fund)

Duration and Termination of Trust. Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by a majority of the Trustees then in office subject to a favorable vote of a majority of the outstanding voting Sharessecurities, as defined in the 1940 Act, of each Series voting separately by Series. Upon termination, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash, securities or other property, or any combination thereof, and distribute the proceeds to the Shareholders, in conformity with the provisions of subsection (dD) of Section 4.25.2.

Appears in 1 contract

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

Duration and Termination of Trust. Unless terminated as provided herein, the Trust shall continue without limitation of timetime and, without limiting the generality of the foregoing; no change, alteration or modification with respect to any Portfolio or Series of Shares shall operate to terminate the Trust. The Trust may be terminated at any time by a majority Majority of the Trustees then in office subject to a favorable vote of a majority of the outstanding voting Shares, as defined in the 1940 Act, of each Series voting separately by SeriesTrustees. Upon termination, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall shall, in accordance with such procedures as the Trustees consider appropriate appropriate, reduce the remaining assets to distributable form in cash, securities Securities or other property, or any combination thereof, and distribute the proceeds to the Shareholders, in conformity with the provisions of subsection (dSection 6.2.(d) of Section 4.2hereof.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Alger Funds)

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