Common use of No Accounting Clause in Contracts

No Accounting. Except to the extent required by the 1940 Act or under circumstances which would justify their removal for cause, no person ceasing to be a Trustee as a result of their death, resignation, retirement, removal or incapacity (nor the estate of any such person) shall be required to make an accounting to the Shareholders or remaining Trustees upon such cessation.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Diamond Hill Funds)

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No Accounting. Except to the extent required by the 1940 Act or under circumstances which would justify their a trustee’s removal for cause, no person ceasing to be a Trustee as a result of their such person’s death, resignation, retirement, removal or incapacity (nor the estate of any such person) shall be required to make an accounting to the Shareholders or remaining Trustees upon such cessation.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Capitol Series Trust)

No Accounting. Except to the extent required by the 1940 Act or under circumstances which would justify their his or her removal for cause, no person ceasing to be a Trustee as a result of their death, resignation, retirement, removal or incapacity (nor the estate of any such person) shall be required to make an accounting to the Shareholders or remaining Trustees upon such cessation.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Dupree Mutual Funds)

No Accounting. Except to the extent required by the 1940 Act or ---- ------------- under circumstances which would justify their his or her removal for cause, no person ceasing to be a Trustee as a result of their his death, resignation, retirement, removal or incapacity (nor the estate of any such person) shall be required to make an accounting to the Shareholders shareholders or remaining Trustees upon such cessation.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Pacific Select Fund)

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No Accounting. Except to the extent required by the 1940 Act or under circumstances which would justify their the Trustees removal for cause, no person ceasing to be a Trustee as a result of their the Trustees death, resignation, retirement, removal or incapacity (nor the estate of any such person) shall be required to make an accounting to the Shareholders or remaining Trustees upon such cessation.

Appears in 1 contract

Samples: Master Trust Agreement (Russell Investment Co)

No Accounting. Except to the extent required by the 1940 Act or under circumstances which would justify their removal for cause, no person ceasing to be a Trustee trustee of the Trust as a result of their death, resignation, voluntary or mandatory retirement, removal or incapacity (nor the estate of any such person) shall be required to make an accounting to the Shareholders or remaining Trustees upon such cessation.

Appears in 1 contract

Samples: Master Trust Agreement (Lend Lease Funds)

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