Common use of Establishment and Designation of Sub Clause in Contracts

Establishment and Designation of Sub. Trusts. Without limiting the authority of the Trustee set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate twenty-one Sub-trusts and classes thereof: ▇▇▇▇▇▇ Limited Maturity Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ Short Bond Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ U.S. Government Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇

Establishment and Designation of Sub. Trusts. Without limiting the authority of the Trustee set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate twenty-one Sub-trusts and classes thereof: ▇▇▇▇▇▇ Limited Maturity Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ Short Bond Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ U.S. Government Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ Core Bond Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ Opportunity Bond Fund, which shall consist of two classes of

Establishment and Designation of Sub. Trusts. Without limiting the authority of the Trustee set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate twenty-one nineteen Sub-trusts and classes thereof: ▇▇▇▇▇▇ Payden Limited Maturity Fund, which shall consist of two classes tw▇ ▇▇▇▇ses of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ Payden Short Bond Fund, which shall consist of two classes ▇▇ shares designated as "Class R" and "Class S" shares; Payden U.S. Government Fund, which shall consist of two ▇▇▇▇▇es of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ U.S. Government Payden Core Bond Fund, which shall consist of two classes of class▇▇ ▇▇ shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇Payden

Establishment and Designation of Sub. Trusts. Without limiting the authority of the Trustee set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate twenty-one twenty Sub-trusts and classes thereof: ▇▇▇▇▇▇ Payden Limited Maturity Fund, which shall consist of two classes tw▇ ▇▇▇▇ses of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ Payden Short Bond Fund, which shall consist of two classes ▇▇ shares designated as "Class R" and "Class S" shares; Payden U.S. Government Fund, which shall consist of two ▇▇▇▇▇es of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ U.S. Government Payden Core Bond Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" class▇▇ ▇▇ shares; ▇▇▇▇▇▇

Establishment and Designation of Sub. Trusts. Without limiting the authority of the Trustee set forth in Section 4.1 to establish and designate any further Sub-Trusts, the Trustees hereby establish and designate twenty-one eighteen Sub-trusts and classes thereof: ▇▇▇▇▇▇ Payden Limited Maturity Fund, which shall consist of two classes tw▇ ▇▇▇▇ses of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ Payden Short Bond Fund, which shall consist of two classes ▇▇ shares designated as "Class R" and "Class S" shares; Payden U.S. Government Fund, which shall consist of two ▇▇▇▇▇es of shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇ U.S. Government Payden Core Bond Fund, which shall consist of two classes of class▇▇ ▇▇ shares designated as "Class R" and "Class S" shares; ▇▇▇▇▇▇Payden