General Assets. In the event that there are any assets, income, earnings, profits and proceeds thereof, funds or payments which are not readily identifiable as assets held with respect to any particular Portfolio (collectively "General Assets"), the Trustees shall allocate such General Assets to, between or among any one or more of the Portfolios in such manner and on such basis as the Trustees, in their sole discretion, deem fair and equitable, and any General Asset so allocated to a particular Portfolio shall be held with respect to that Portfolio. Each such allocation by the Trustees shall be conclusive and binding upon the Shareholders of all Portfolios for all purposes in absence of manifest error.
Appears in 3 contracts
Samples: Agreement and Declaration of Trust (Wt Mutual Fund), Trust Agreement (Wt Mutual Fund), Agreement and Declaration of Trust (Wt Mutual Fund)
General Assets. In the event that there are any assets, income, earnings, profits and proceeds thereof, funds or payments which are not readily identifiable as assets held with respect to any particular Portfolio (collectively "βGeneral Assets"β), the Trustees shall allocate such General Assets to, between or among any one or more of the Portfolios in such manner and on such basis as the Trustees, in their sole discretion, deem fair and equitable, and any General Asset so allocated to a particular Portfolio shall be held with respect to that Portfolio. Each such allocation by the Trustees shall be conclusive and binding upon the Shareholders of all Portfolios for all purposes in absence of manifest error.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Wt Mutual Fund)
