Election of Trustees. Upon the issuance of beneficial interests of the Trust, the initial shareholder of the Trust shall elect Trustees of the Trust; to the extent that persons so elected are different from the Initial Trustee, such persons shall replace the Initial Trustee as Trustees of the Trust.
Appears in 16 contracts
Samples: Agreement and Declaration of Trust (Phoenix Equity Series Fund), A Agreement (Phoenix Investment Trust 97), Agreement and Declaration (Phoenix Engemann Funds)
Election of Trustees. Upon the issuance of beneficial interests of the Trust, the initial shareholder or shareholders of the Trust shall each elect the Trustees of the Trust; to the extent that persons so elected are different from the Initial Trustee, such persons shall replace the Initial Trustee as Trustees of the Trust.
Appears in 1 contract
Samples: Agreement (Clarion Investment Trust)
Election of Trustees. Upon the issuance of beneficial interests of the Trust, the Xxxxx/Xxxxxx Advisers, as initial shareholder of the Trust Trust, shall elect the Trustees of the Trust; to the extent that persons so elected are different from the Initial TrusteeTrustees, such persons shall replace the Initial Trustee Trustees as Trustees of the Trust.
Appears in 1 contract
Election of Trustees. Upon the issuance of beneficial interests of the Trust, the initial shareholder of the Trust shall elect persons as Trustees of the Trust; to the extent that persons so elected are different from the Initial TrusteeTrustees, such persons shall replace the Initial Trustee Trustees as Trustees of the Trust.
Appears in 1 contract
Samples: Phoenix Seneca Funds
