Common use of Liabilities Belonging to Series Clause in Contracts

Liabilities Belonging to Series. Subject to the provisions of paragraph (c) of this Section 6: The assets belonging to each particular Series shall be charged with the liabilities of the Trust in respect to that Series and all expenses, costs, charges and reserves (including Reserve Requirements, if any) attributable to that Series, and any general liabilities of the Trust which are not readily identifiable as belonging to any particular Series shall be allocated and charged by the Trustees to and among any one or more of the Series established and designated from time to time in a manner and on such basis as the Trustees in their sole discretion deem fair and equitable. The liabilities, expenses, costs, charges and reserves (including Reserve Requirements, if any) so charged to a Series are herein referred to as "liabilities belonging to" that Series. Each allocation of liabilities, expenses, costs, charges and reserves (including Reserve Requirements, if any) by the Trustees shall be conclusive and binding upon the holders of all Series for all purposes.

Liabilities Belonging to Series. Subject to the provisions of paragraph (c) of this Section 6: The assets belonging to each particular Series and Class thereof shall be charged with the liabilities of the Trust in respect to of that Series or Class and all expenses, costs, charges and reserves (including Reserve Requirements, if any) attributable to that SeriesSeries or Class, and any general liabilities liabilities, expenses, costs, charges or reserves of the Trust which are not readily identifiable as belonging to any particular Series or Class shall be allocated and charged by the Trustees to and among any one or more of the Series and Classes established and designated from time to time in a such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. The liabilities, expenses, costs, charges and reserves (including Reserve Requirements, if any) allocated and so charged to a Series or Class are herein referred to as "liabilities belonging to" that SeriesSeries or Class and shall be payable solely out of the assets of that Series or Class. Each allocation of liabilities, expenses, costs, charges and reserves (including Reserve Requirements, if any) by the Trustees shall be conclusive and binding upon the holders Shareholders of all Series for all purposes.

Liabilities Belonging to Series. Subject to the provisions of paragraph (c) of this Section 6: The assets belonging to each particular Series and Sub- Series thereof shall be charged with the liabilities of the Trust in respect to of that Series or Sub-Series and all expenses, costs, charges and reserves (including Reserve Requirements, if any) attributable to that Series or Sub- Series, and any general liabilities liabilities, expenses, costs, charges or reserves of the Trust which are not readily identifiable as belonging to any particular Series shall be allocated and charged by the Trustees to and among any one or more of the Series and Sub-Serieses established and designated from time to time in a such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. The liabilities, expenses, costs, charges and reserves (including Reserve Requirements, if any) allocated and so charged to a Series or Sub-Series are herein referred to as "liabilities belonging to" that Series or Sub-Series. Each allocation of liabilities, expenses, costs, charges and reserves (including Reserve Requirements, if any) by the Trustees shall be conclusive and binding upon the holders Shareholders of all Series for all purposes.

Liabilities Belonging to Series. Subject to the provisions of paragraph (c) of this Section 6: The assets belonging to each particular Series shall be charged with the liabilities of the Trust in respect to that Series and all expenses, costs, charges and reserves (including Reserve Requirements, if any) attributable to that Series, and any general liabilities of the Trust which are not readily identifiable as belonging to any particular Series shall be allocated and charged by the Trustees to and among any one or more of the Series established and designated from time to time in a manner and on such basis as the Trustees in their sole discretion deem fair and equitable. The liabilities, expenses, costs, charges and reserves (including Reserve Requirements, if any) so charged to a Series are herein referred to as "liabilities belonging to" that Series. Each allocation of liabilities, expenses, costs, charges and reserves (including Reserve Requirements, if any) by the Trustees shall be conclusive and binding upon the holders of all Series for all purposes.