ESTABLISHMENT OF HIGHLINE ACADEMY SOUTHEAST Sample Clauses

ESTABLISHMENT OF HIGHLINE ACADEMY SOUTHEAST. As authorized by the Charter Schools Act, the District hereby approves the application of HIGHLINE ACADEMY to open HIGHLINE ACADEMY SOUTHEAST, upon the terms and conditions set forth in the Network Contract, this Attachment, and the terms and conditions outlined in Resolution #3753, which is hereby incorporated into this Attachment. The Network acknowledges that the approval to open HIGHLINE ACADEMY SOUTHEAST is conditional upon the Network’s compliance with the conditions stated in Resolution #3753. The Network further acknowledges that failure to comply with these conditions is a material breach of the Network Contract and may result in revocation of the approval to open HIGHLINE ACADEMY SOUTHEAST, or withholding of funds, or other action deemed appropriate by the District.
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ESTABLISHMENT OF HIGHLINE ACADEMY SOUTHEAST. As authorized by the Charter Schools Act, the District hereby approves the application of HIGHLINE ACADEMY to open HIGHLINE ACADEMY SOUTHEAST, upon the terms and conditions set forth in the Network Contract, this Attachment, and the terms and conditions outlined in Resolution #5044, which is hereby incorporated into this Attachment. The Network acknowledges that the approval to open HIGHLINE ACADEMY SOUTHEAST is conditional upon the Network’s compliance with the conditions incorporated herein as attachment A-1, incorporated herein as attachment A-1, Resolution #5044. The Network further acknowledges that failure to comply with these conditions is a material breach of the Network Contract and may result in revocation of the approval to open HIGHLINE ACADEMY SOUTHEAST, or withholding of funds, or other action deemed appropriate by the District.

Related to ESTABLISHMENT OF HIGHLINE ACADEMY SOUTHEAST

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  • Establishment of Portfolios and Classes (a) The Trust shall consist of one or more separate and distinct Portfolios, each with an unlimited number of Shares unless otherwise specified. The Trustees hereby establish and designate the Portfolios listed on Schedule A attached hereto and made a part hereof ("Schedule A"). Each additional Portfolio shall be established by the adoption of one or more resolutions by the Trustees. Each such resolution is hereby incorporated herein by this reference and made a part of the Governing Instrument whether or not expressly stated in such resolution, and shall be effective upon the occurrence of both (i) the date stated therein (or, if no such date is stated, upon the date of such adoption) and (ii) the execution of an amendment either to this Agreement or to Schedule A hereto establishing and designating such additional Portfolio or Portfolios. The Shares of each Portfolio shall have the relative rights and preferences provided for herein and such rights and preferences as may be designated by the Trustees in any amendment or modification to the Trust's Governing Instrument. The Trust shall maintain separate and distinct records of each Portfolio and shall hold and account for the assets belonging thereto separately from the other Trust Property and the assets belonging to any other Portfolio. Each Share of a Portfolio shall represent an equal beneficial interest in the net assets belonging to that Portfolio, except to the extent of Class Expenses and other expenses separately allocated to Classes thereof (if any Classes have been established) as permitted herein. (b) The Trustees may establish one or more Classes of Shares of any Portfolio, each with an unlimited number of Shares unless otherwise specified. Each Class so established and designated shall represent a Proportionate Interest (as defined in Section 2.5(d)) in the net assets belonging to that Portfolio and shall have identical voting, dividend, liquidation, and other rights and be subject to the same terms and conditions, except that (1) Class Expenses allocated to a Class for which such expenses were incurred shall be borne solely by that Class, (2) other expenses, costs, charges, and reserves allocated to a Class in accordance with Section 2.5(e) may be borne solely by that Class, provided that the allocation of such other expenses, costs, charges, and reserves is not specifically required to be set forth in a plan adopted by the Trust pursuant to Rule 18f-3 under the Act, (3) dividends declared and payable to a Class pursuant to Section 7.1 shall reflect the items separately allocated thereto pursuant to the preceding clauses, (4) each Class may have separate rights to convert to another Class, exchange rights, and similar rights, each as determined by the Trustees, and (5) subject to Section 2.6(c), each Class may have exclusive voting rights with respect to matters affecting only that Class. The Trustees hereby establish for each Portfolio listed on Schedule A the Classes listed thereon. Each additional Class for any or all Portfolios shall be established by the adoption of one or more resolutions by the Trustees. Each such resolution is hereby incorporated herein by this reference and made a part of the Governing Instrument whether or not expressly stated in such resolution, and shall be effective upon the occurrence of both (i) the date stated therein (or, if no such date is stated, upon the date of such adoption) and (ii) the execution of an amendment to this Agreement establishing and designating such additional Class or Classes.

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