Common use of Establishment and Designation of Shares Clause in Contracts

Establishment and Designation of Shares. The establishment and designation of any Series (or class) of Shares shall be effective upon the adoption by a majority of the Trustees of a resolution which sets forth such establishment and designation and the relative rights and preferences of such Series (or class) whether directly in such resolution or by reference to another document including without limitation, any registration statement of the Trust, or as otherwise provided in such resolution. Each such resolution shall be incorporated herein by reference upon adoption. Shares of each Series (or class) established pursuant to this Section 6, unless otherwise provided in the resolution establishing such Series, shall have the following relative rights and preferences:

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Exchange Listed Funds Trust), Agreement and Declaration of Trust (Exchange Traded Concepts Trust)

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Establishment and Designation of Shares. The establishment and designation of any Series (or classClass) of Shares shall be effective upon the adoption resolution by a majority of the Trustees of then in office, adopting a resolution which sets forth such establishment and designation and the relative rights and preferences of such Series (or classClass) whether directly in such resolution or by reference to another document including including, without limitation, any registration statement of the Trust, or as otherwise provided in such resolution. Each such resolution shall be incorporated herein by reference upon adoption. Shares of each Series (or classClass) established pursuant to this Section 67, unless otherwise provided in the resolution establishing such SeriesSeries (or Class), shall have the following relative rights and preferences:

Appears in 2 contracts

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

Establishment and Designation of Shares. The establishment and designation of any Series (or classClass) of Shares shall be effective upon the adoption resolution by a majority of the Trustees of then Trustees, adopting a resolution which sets forth such establishment and designation and the relative rights and preferences of such Series (or classClass) whether directly in such resolution or by reference to another document including including, without limitation, any registration statement of the Trust, or as otherwise provided in such resolution. Each such resolution shall be incorporated herein by reference upon adoption. Shares of each Series (or classClass) established pursuant to this Section 67, unless otherwise provided in the resolution establishing such SeriesSeries (or Class), shall have the following relative rights and preferences:

Appears in 1 contract

Samples: Trust Agreement (Friends Ivory & Sime Funds)

Establishment and Designation of Shares. The establishment and designation of any Series (or class) Class of Shares shall be effective upon the adoption resolution by a majority of the Trustees of then in office, adopting a resolution which sets forth such establishment and designation and the relative rights and preferences of such Series (or class) Class whether directly in such resolution or by reference to another document including including, without limitation, any registration statement of the Trust, or as otherwise provided in such resolution. Each such resolution shall be incorporated herein by reference upon adoption. Shares of each Series (or class) Class established pursuant to this Section 67, unless otherwise provided in the resolution establishing such SeriesSeries or Class, shall have the following relative rights and preferences:

Appears in 1 contract

Samples: Trust Agreement (PARADIGM Funds Trust)

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Establishment and Designation of Shares. The establishment and designation of any Series (or class) of Shares shall be effective upon the adoption by a majority of the Trustees Trustees, of a resolution which sets forth such establishment and designation and the relative rights and preferences of such Series (or class) whether directly in such resolution or by reference to another document including without limitation, any registration statement of the Trust, or as otherwise provided in such resolutionSeries. Each such resolution shall be incorporated herein by reference (and shall be deemed a part of Section 6 of Article III of this Declaration of Trust) upon adoption. Any inconsistencies or conflict between the terms of any such resolution and this Declaration of Trust shall be resolved in favor of such resolution. Shares of each Series (or class) established pursuant to this Section 6, unless otherwise provided in the resolution establishing such Series, shall have the following relative rights and preferences:

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Dfa Investment Trust Co)

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