Common use of Elimination of Series Clause in Contracts

Elimination of Series. At any time there are no Shares outstanding of any particular Series (or Class) previously established and designated, the Trustees may by resolution of a majority of the then Trustees abolish that Series (or Class) and rescind the establishment and designation thereof.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Friends Ivory & Sime Funds), Laudus Institutional Trust

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Elimination of Series. At any time there are no Shares outstanding of any particular Series (or Class) previously established and designated, the Trustees may by resolution of a majority of the Trustees then Trustees in office abolish that Series (or Class) and rescind the establishment and designation thereof.

Appears in 2 contracts

Samples: Agreement and Declaration (Westlakes Institutional Portfolios), Agreement and Declaration of Trust (Acp Funds Trust)

Elimination of Series. At If, at any time time, there are no Shares outstanding of any particular Series (or Class) Class previously established and designated, the Trustees may by resolution of a majority of the then Trustees abolish that Series (or Class) Class and rescind the establishment and designation thereof.

Appears in 1 contract

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

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Elimination of Series. At any time that there are no Shares outstanding of any a particular Series (or Classclass) previously established and designated, the Trustees may by resolution of a majority of the then Trustees abolish that Series (or Classclass) and rescind the establishment and designation thereof. Each such resolution shall be incorporated herein by reference upon adoption.

Appears in 1 contract

Samples: Agreement and Declaration (Franklin Floating Rate Master Trust)

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