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Common use of Fractions Clause in Contracts

Fractions. Any fractional Share of any Series or Sub-Series, if any such fractional Share is outstanding, shall carry proportionately all the rights and obligations of a whole Share of that Series or Sub-Series, including with respect to voting, receipt of dividends and distributions, redemption of Shares, and liquidation of the Trust.

Appears in 6 contracts

Samples: Agreement and Declaration of Trust (Dupree Mutual Funds), Agreement and Declaration of Trust (Freedom Group of Tax Exempt Funds), Agreement and Declaration of Trust (Freedom Mutual Fund)

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Fractions. Any A fractional Share of any a Series or Sub-Series, if any such fractional Share is outstanding, shall carry proportionately all the rights and obligations of a whole Share of that Series or Sub-such Series, including rights with respect to voting, receipt of dividends and distributions, redemption repurchases of Shares, Shares and liquidation dissolution of the TrustTrust or that Series.

Appears in 5 contracts

Samples: Agreement and Declaration of Trust (Delaware Enhanced Global Dividend & Income Fund), Agreement and Declaration of Trust (Delaware Investments Enhanced Global Dividend & Income Fund), Agreement and Declaration of Trust (Franklin Mutual Recovery Fund)

Fractions. Any fractional Share of any Series or Sub-Series, if any such fractional Share is outstanding, shall carry proportionately all the rights and obligations of a whole Share of that Series or Sub-Sub- Series, including with respect to voting, receipt of dividends and distributions, redemption of Shares, and liquidation of the Trust.

Appears in 2 contracts

Samples: Trust Agreement (Schwartz Investment Trust), Trust Agreement (Jhaveri Trust)

Fractions. Any fractional Share of any Series or Sub-Sub- Series, if any such fractional Share is outstanding, shall carry proportionately all the rights and obligations of a whole Share of that Series or Sub-Sub- Series, including with respect to voting, receipt of dividends and distributions, redemption of Shares, and liquidation of the Trust.

Appears in 2 contracts

Samples: Restated Agreement and Declaration of Trust (Countrywide Investment Trust), Restated Agreement and Declaration of Trust (Countrywide Strategic Trust)

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Fractions. Any fractional Share of any a Series or Sub-Series, if any such fractional Share is outstanding, shall carry proportionately all the rights and obligations of a whole Share share of that Series or Sub-Series, including rights with respect to voting, receipt of dividends and distributions, redemption repurchase of Shares, Shares and liquidation dissolution of that Series or the Trust.

Appears in 1 contract

Samples: Trust Agreement (Franklin Floating Rate Master Trust)

Fractions. Any fractional Share Unit of any Series or Sub-Series, if any such fractional Share is outstanding, shall carry proportionately all the rights and obligations of a whole Share Unit of that Series or Sub-Series, including with respect to voting, receipt of dividends and distributions, redemption of SharesUnits, and liquidation of the Trust.

Appears in 1 contract

Samples: Trust Agreement (Trust for Credit Unions)