Common use of Equality of Shares Clause in Contracts

Equality of Shares. All Shares of each particular Series or Class shall represent an equal proportionate interest in the assets belonging or attributable to that Series/Class (subject to the liabilities belonging to that Series/Class), and each Share of any particular Series or Class shall be equal in this respect to each other Share of that Series or Class, as applicable.

Appears in 11 contracts

Samples: Agreement and Declaration of Trust (Claymore Exchange-Traded Fund Trust 2), Agreement and Declaration of Trust (Claymore Exchange-Traded Fund Trust), Spa Etf Trust (SPA ETF Trust)

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Equality of Shares. All Shares of each particular Series or Class shall represent an equal proportionate interest in the assets belonging or attributable to that Series/Series or Class (subject to the liabilities belonging to that Series/Series or Class), and each Share of any particular Series or Class shall be equal in this respect to each other Share of that Series or Class, as applicable.

Appears in 1 contract

Samples: Agreement and Declaration (Vericimetry Funds)

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