Common use of ISSUANCE AND TRANSFER OF SHARES Clause in Contracts

ISSUANCE AND TRANSFER OF SHARES. (a) Forum shall make original issues of Shares of each Fund and Class thereof in accordance with the Trust's then current prospectus only upon receipt of (i) instructions requesting the issuance, (ii) a certified copy of a resolution of the Board authorizing the issuance, (iii) necessary funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of the Trust's counsel as to the legality and validity of the issuance, which opinion may provide that it is contingent upon the filing by the Trust of an appropriate notice with the SEC, as required by Section 24 of the 1940 Act or the rules thereunder. If the opinion described in (iv) above is contingent upon a filing under Section 24 of the 1940 Act, the Trust shall indemnify Forum for any liability arising from the failure of the Trust to comply with that section or the rules thereunder.

ISSUANCE AND TRANSFER OF SHARES. (a) ISSUANCE OF SHARES. Forum shall make original issues of Shares of each Fund and Class thereof in accordance with the Trust's then current prospectus only upon receipt of (i) instructions requesting the issuance, (ii) a certified copy of a resolution of the Board authorizing the issuance, (iii) necessary funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of the Trust's counsel as to the legality and validity of the issuance, which opinion may provide that it is contingent upon the filing by the Trust of an appropriate notice with the SEC, as required by Section 24 of the 1940 Act or the rules thereunder. If the opinion described in (iv) above is contingent upon a filing under Section 24 of the 1940 Act, the Trust shall indemnify Forum for any liability arising from the failure of the Trust to comply with that section or the rules thereunder.

ISSUANCE AND TRANSFER OF SHARES. (a) Forum shall make original issues of Shares of each Fund and Class thereof in accordance with the Trust's then current prospectus only upon receipt of (i) instructions requesting the issuance, (ii) a certified copy of a resolution of the Board authorizing the issuance, (iii) necessary funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of the Trust's counsel as to the legality and validity of the issuance, which opinion may provide that it is contingent upon the filing by the Trust of an appropriate notice with the SEC, as required by Section 24 of the 1940 Act or the rules thereunder. If the opinion described in (iv) above iv)above is contingent upon a filing under Section 24 of the 1940 Act, the Trust shall indemnify Forum for any liability arising from the failure of the Trust to comply with that section or the rules thereunder.

ISSUANCE AND TRANSFER OF SHARES. (a) Forum shall make original issues of Shares of each Fund and Class thereof in accordance with the Trustapplicable Company's then then-current prospectus only upon receipt of (i) instructions requesting the issuance, (ii) a certified copy of a resolution of the Board authorizing the issuance, (iii) necessary funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of the TrustCompany's counsel as to the legality and validity of the issuance, which opinion may provide that it is contingent upon the filing by the Trust Company of an appropriate notice with the SEC, as required by Section 24 of the 1940 Act or the rules thereunder. If the opinion described in (iv) above is contingent upon a filing under Section 24 of the 1940 Act, the Trust Company shall indemnify Forum for any liability arising from the its failure of the Trust to comply with that section or the rules thereunder.

ISSUANCE AND TRANSFER OF SHARES. (a) Forum shall make original issues of Shares of each Fund and Class thereof in accordance with the TrustCorporation's then current prospectus only upon receipt of (i) instructions requesting the issuance, (ii) a certified copy of a resolution of the Board authorizing the issuance, (iii) necessary funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of the TrustCorporation's counsel as to the legality and validity of the issuance, which opinion may provide that it is contingent upon the filing by the Trust Corporation of an appropriate notice with the SEC, as required by Section 24 of the 1940 Act or the rules thereunder. If the opinion described in (iv) above is contingent upon a filing under Section 24 of the 1940 Act, the Trust Corporation shall indemnify Forum for any liability arising from the failure of the Trust Corporation to comply with that section or the rules thereunder.

ISSUANCE AND TRANSFER OF SHARES. (a) Forum shall make original issues of Shares of each the Fund and Class thereof in accordance with the TrustFund's then current prospectus Offering Documents only upon receipt of (i) instructions requesting the issuance, (ii) a certified copy of a resolution of the Board authorizing the issuance, (iii) necessary funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of the TrustFund's counsel as to the legality and validity of the issuance, which opinion may provide that it is contingent upon the filing by the Trust Fund of an appropriate notice with the SEC, as required by Section 24 of the 1940 Act or the rules thereunder. If the opinion described in (iv) above is contingent upon a filing under Section 24 of the 1940 Act, the Trust Fund shall indemnify Forum for any liability arising from the failure of the Trust Fund to comply with that section or the rules thereunder.

ISSUANCE AND TRANSFER OF SHARES. (a) Forum shall make original issues of Shares of each Fund and Class thereof in accordance with the TrustCompany's then current prospectus only upon receipt of (i) instructions requesting the issuance, (ii) a certified copy of a resolution of the Board authorizing the issuance, (iii) necessary funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of the TrustCompany's counsel as to the legality and validity of the issuance, which opinion may provide that it is contingent upon the filing by the Trust Company of an appropriate notice with the SEC, as required by Section 24 of the 1940 Act or the rules thereunder. If the opinion described in (iv) above is contingent upon a filing under Section 24 of the 1940 Act, the Trust Company shall indemnify Forum for any liability arising from the failure of the Trust Company to comply with that section or the rules thereunder.

ISSUANCE AND TRANSFER OF SHARES. (a) Forum shall make original issues of Shares of each Fund and Class thereof in the accordance with the TrustFund's then current prospectus only upon receipt of (i) instructions requesting the issuance, (ii) a certified copy of a resolution of the Board authorizing the issuance, (iii) necessary funds for the payment of any original issue tax applicable to such Shares, and (iv) an opinion of the TrustFund's counsel as to the legality and validity of the issuance, which opinion may provide that it is contingent upon the filing by the Trust Fund of an appropriate notice with the SEC, as required by Section 24 of the 1940 Act or the rules thereunder. If the opinion described in (iv) above is contingent upon a filing under Section 24 of the 1940 Act, the Trust Fund shall indemnify Forum for any liability arising from the failure of the Trust Fund to comply with that section or the rules thereunder.