Establishment and Designation by Action of the Trustees. The Trustees hereby establish and designate the Portfolios and Classes listed on Schedule A attached hereto and made a part hereof. Each additional Portfolio and the Classes of such additional Portfolio shall be established by the adoption of a resolution adopted by a majority of the Trustees. Each such resolution is incorporated herein by reference and made a part of the Declaration of Trust whether or not expressly stated in such resolution, and shall be effective upon the occurrence of both (a) the date stated therein (or, if no such date is stated, upon the date of such adoption) and (b) the execution of an amendment either to this Declaration of Trust or to Schedule A hereto establishing and designating such additional Portfolios and Classes.
Establishment and Designation by Action of the Trustees. The Trustees or their predecessors have previously established and designated certain Portfolios and Classes as set forth in the records of the Trust. Each additional Portfolio and the Classes of such additional Portfolio shall be established by the adoption of a resolution adopted by a majority of the Trustees. Each such resolution is incorporated herein by reference and made a part of the Declaration of Trust whether or not expressly stated in such resolution, and shall be effective upon the occurrence of the date stated therein (or, if no such date is stated, upon the date of such adoption).
