Common use of Lawful Sale of Shares Clause in Contracts

Lawful Sale of Shares. On the Closing Date, Multi-Cap Opportunity Fund Shares to be issued pursuant to Section 2.1 of this Agreement will be duly authorized, duly and validly issued and outstanding, and fully paid and non-assessable by Mutual Funds Trust, and conform in all substantial respects to the description thereof contained in the Mutual Funds Trust N-14 and Information Statement furnished to the Young Shareholder Fund shareholders, and the Multi-Cap Opportunity Fund Shares to be issued pursuant to paragraph 2.1 of this Agreement will be duly registered under the 1933 Act by the Mutual Funds Trust N-14 and will be offered and sold in compliance with all applicable state securities laws.

Lawful Sale of Shares. On the Closing Date, MultiSmall-Cap Opportunity Growth Fund 1.1 Shares to be issued pursuant to Section 2.1 of this Agreement will be duly authorized, duly and validly issued and outstanding, and fully paid and non-assessable by Mutual Funds Trust, and conform in all substantial respects to the description thereof contained in the Mutual Funds Trust N-14 and Information Statement furnished to the Young Shareholder Small-Cap Growth Fund 1.2 Fund shareholders, and the MultiSmall-Cap Opportunity Growth Fund 1.1 Shares to be issued pursuant to paragraph 2.1 of this Agreement will be duly registered under the 1933 Act by the Mutual Funds Trust N-14 and will be offered and sold in compliance with all applicable state securities laws.

Lawful Sale of Shares. On the Closing Date, MultiGlobal Small-Cap Opportunity Equity Fund Shares to be issued pursuant to Section 2.1 of this Agreement will be duly authorized, duly and validly issued and outstanding, and fully paid and non-assessable by Mutual Funds Trust, and conform in all substantial respects to the description thereof contained in the Mutual Funds Trust N-14 and Information Proxy Statement furnished to the Young Shareholder Global Small-Cap Fund shareholders, shareholders and the MultiGlobal Small-Cap Opportunity Equity Fund Shares to be issued pursuant to paragraph 2.1 of this Agreement will be duly registered under the 1933 Act by the Mutual Funds Trust N-14 and will be offered and sold in compliance with all applicable state securities laws.