Portfolios and Shares Sample Clauses

Portfolios and Shares. SECTION 6.1. Description of Portfolios and Shares...................... 20 (a) Shares; Portfolios; Series of Shares............... 20 (b) Establishment, etc. of Portfolios; Authorization of Shares.......................................... 20 (c) Character of Separate Portfolios and Shares Thereof 21 (d) Consideration for Shares........................... 21 SECTION 6.2. Establishment and Designation of Certain Portfolios; General Provisions for All Portfolios..................... 21 (a) Assets Belonging to Portfolios..................... 22 (b) Liabilities of Portfolios.......................... 22 (c) Dividends.......................................... 22 (d) Liquidation........................................ 23 (e) Voting............................................. 23 (f) Redemption by Shareholder.......................... 23 (g) Redemption at the Option of the Trust.............. 24 (h) Net Asset Value.................................... 24 (i) Transfer........................................... 24 (j) Equality........................................... 25 (k) Rights of Fractional Shares........................ 25 (l) Conversion Rights.................................. 25
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Portfolios and Shares. .. 23 Section 6.1 Description of Portfolios and Shares......................... 23 (a) Shares; Portfolios; Series of Shares..................... 23 (b) Establishment, etc. of Portfolios; Authorization of Shares................................ 24 (c) Character of Separate Portfolios and Shares Thereof...... 24 (d) Consideration for Shares................................. 25 Section 6.2 Establishment and Designation of Certain Portfolios; General Provisions for All Portfolios...................... 25
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Portfolios and Shares. 16 6.1 Description of Portfolios and Shares ......................... 16
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Portfolios and Shares. 19 Section 6.1 Description of Portfolios and Shares . . . . . . . . . . . . . . . . . . . . 19 (a) Shares; Portfolios; Series of Shares. . . . . . . . . . . . . . . . . . . . 19 (b) Establishment, etc. of Additional Portfolios; Authorization of Shares. . . . . . . . . . . . . . . . . . . . . . . . . . 20 (c) Character of Separate Portfolios and Shares Thereof . . . . . . . . . . . . 20 (d) Consideration for Shares. . . . . . . . . . . . . . . . . . . . . . . . . . 20 Section 6.2 Establishment and Designation of the Aggressive Growth Portfolio and of the Shares Thereof; General Provisions for All Portfolios. . . . . . . . . . . . . . . . . . . . . . . . 21 (a) Assets Belonging to Portfolios . . . . . . . . . . . . . . . . . . . . . . . . . 21 (b) Liabilities of Portfolios. . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 (c) Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 (d) Liquidation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 (e) Voting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 (f) Redemption by Shareholder. . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 (g) Redemption at the Option of the Trust. . . . . . . . . . . . . . . . . . . . . . 23 (h) Net Asset Value. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 (i) Transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 (j) Equality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 (k) Rights of Fractional Shares. . . . . . . . . . . . . . . . . . . . . . . . . . . 24 (l) Conversion Rights. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
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Portfolios and Shares 
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Related to Portfolios and Shares

  • Portfolios The Target Portfolio and Acquiring Portfolio covenant and agree to dispose of certain assets prior to the Closing Date, but only if and to the extent necessary, so that at Closing, when the Assets are added to the Acquiring Portfolio’s portfolio, the resulting portfolio will meet the Acquiring Portfolio’s investment objective, policies and restrictions, as set forth in the Acquiring Portfolio’s Prospectus, a copy of which has been delivered to the Target Portfolio. Notwithstanding the foregoing, nothing herein will require the Target Portfolio to dispose of any portion of the Assets if, in the reasonable judgment of the Target Portfolio’s Directors or investment adviser, such disposition would create more than an insignificant risk that the Reorganization would not be treated as a “reorganization” described in Section 368(a) of the Code.

  • Portfolio Transactions The Manager is authorized to select the brokers or dealers that will execute the purchases and sales of portfolio securities for the Portfolio and is directed to use its best efforts to obtain the best available prices and most favorable executions, except as prescribed herein. It is understood that the Manager will not be deemed to have acted unlawfully, or to have breached a fiduciary duty to the Fund or to the Portfolio, or be in breach of any obligation owing to the Fund or to the Portfolio under this Agreement, or otherwise, solely by reason of its having caused the Portfolio to pay a member of a securities exchange, a broker, or a dealer a commission for effecting a securities transaction for the Portfolio in excess of the amount of commission another member of an exchange, broker, or dealer would have charged if the Manager determines in good faith that the commission paid was reasonable in relation to the brokerage or research services provided by such member, broker, or dealer, viewed in terms of that particular transaction or the Manager’s overall responsibilities with respect to its accounts, including the Fund, as to which it exercises investment discretion. The Manager will promptly communicate to the officers and directors of the Fund such information relating to transactions for the Portfolio as they may reasonably request.

  • New Portfolios The Trust hereby authorizes MID to participate in the distribution of Class B shares of the following new portfolios ("New Portfolios") on the terms and conditions contained in the Agreement: Cyclical Growth and Income ETF Portfolio Cyclical Growth ETF Portfolio

  • Portfolio Transactions and Brokerage (a) The Manager is authorized, in arranging the purchase and sale of the Fund’s publicly-traded portfolio securities, to employ or deal with such members of securities exchanges, brokers or dealers (hereinafter “broker-dealers”), including broker-dealers that are affiliated persons of the Fund or the Manager, as that term is defined in the 1940 Act, as may, in its best judgment, implement the policy of the Fund to obtain the best execution of the Fund’s portfolio transactions.

  • Authorization Purchase and Sale Terms of the Sponsor Warrants A. Authorization of the Sponsor Warrants. The Company has duly authorized the issuance and sale of the Sponsor Warrants to the Purchaser.

  • Authorization Purchase and Sale Terms of the Private Placement Warrants A. Authorization of the Private Placement Warrants. The Company has duly authorized the issuance and sale of the Private Placement Warrants to the Purchaser.

  • Portfolio Transaction and Brokerage In placing orders for portfolio securities with brokers and dealers, Portfolio Manager shall use its best efforts to execute securities transactions on behalf of the Account in such a manner that the total cost or proceeds in each transaction is the most favorable under the circumstances. Portfolio Manager may, however, in its discretion, direct orders to brokers that provide to Portfolio Manager research, analysis, advice and similar services, and Portfolio Manager may cause the Account to pay to those brokers a higher commission than may be charged by other brokers for similar transactions, provided that Portfolio Manager determines in good faith that such commission is reasonable in terms either of the particular transaction or of the overall responsibility of the Portfolio Manager to the Account and any other accounts with respect to which Portfolio Manager exercises investment discretion, and provided further that the extent and continuation of any such practice is subject to review by the Trust’s Board of Trustees. Portfolio Manager shall not execute any portfolio transactions for the Trust with a broker or dealer which is an “affiliated person” of the Trust or Portfolio Manager, including any other investment advisory organization that may, from time to time act as a portfolio manager for the Portfolio or any of the Trust’s other Portfolios, except as permitted under the Investment Company Act and rules promulgated thereunder. The Trust shall provide a list of such affiliated brokers and dealers to Portfolio Manager and will promptly advise Portfolio Manager of any changes in such list.

  • Terms of the Units and Placement Warrants 8.1 The Units and their component parts are substantially identical to the units to be offered in the IPO except that: (i) the Units and component parts will be subject to transfer restrictions described in the Insider Letter, (ii) the Placement Warrants will be non-redeemable so long as they are held by the initial holder thereof (or any of its permitted transferees), and may be exercisable on a “cashless” basis if held by a Subscriber or its permitted transferees, as further described in the Warrant Agreement and (iii) the Units and component parts are being purchased pursuant to an exemption from the registration requirements of the Securities Act and will become freely tradable only after the expiration of the lockup described above in clause (i) and they are registered pursuant to the Registration Rights Agreement to be signed on or before the date of the Prospectus or an exemption from registration is available.

  • MULTIPLE PORTFOLIOS If Fund is comprised of more than one Portfolio:

  • Manual or Automated Portfolio Share Transactions 3.2.1 Section 3.3 of this Agreement shall govern and Section 3.4 shall not be operative, unless we receive from you at the address provided in the next sentence, written notice that you wish to communicate, process and settle purchase and redemptions for shares (collectively, “share transactions”) via the Fund/SERV and Networking systems of the National Securities Clearing Corporation (“NSCC”). The address for you to send such written notice shall be: Retirement Services, Franklin Xxxxxxxxx Investments, 000 Xxxx Xxxxx, 0xx Xxxxx, Xxx Xxxxx, Xxxxxxxxxx 00000-0000. After giving ten (10) days’ advance written notice at the address provided in the previous sentence of your desire to use NSCC processing, Section 3.4 of this Agreement shall govern and Section 3.3 shall not be operative.

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