Common use of Reserves Clause in Contracts

Reserves. The Trustees may set apart, from time to time, out of any funds of the Trust or Series or out of funds allocable to a Class thereof a reserve or reserves for any proper purpose, and may abolish any such reserve.

Appears in 78 contracts

Samples: Agreement and Declaration of Trust (PowerShares Exchange-Traded Self-Indexed Fund Trust), And Restated Agreement and Declaration of Trust (Hartford Funds Exchange-Traded Trust), Agreement and Declaration of Trust (Hartford Funds Master Fund)

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Reserves. The Trustees may set apart, from time to time, out of any funds of the Trust or Series or out of funds allocable to a Class thereof a reserve or reserves for any proper purpose, and may abolish any such reserve.

Appears in 13 contracts

Samples: Agreement and Declaration of Trust (Global X Venture Fund), Agreement and Declaration (City National Rochdale Strategic Credit Fund), Agreement and Declaration (City National Rochdale Select Strategies Fund)

Reserves. The Trustees may set apart, from time to time, out of any funds of the Trust or Series or out of funds allocable to a Class thereof a reserve or reserves for any proper purpose, and may abolish any such reserve.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (FNEX Ventures), Agreement and Declaration of Trust (PRISM Multi Strategy Fund)

Reserves. The Trustees may set apart, from time to time, out of any funds of the Trust or Series or out of funds allocable to a Class thereof a reserve or reserves for any proper purpose, and may abolish any such reserve.

Appears in 1 contract

Samples: Agreement and Declaration (BNY Mellon ETF Trust II)

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Reserves. The Trustees may set apart, from time to time, out of any funds of the Trust or Series or out of funds allocable to a Class thereof a reserve or reserves for any proper purpose, and may abolish any such reserve.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Transamerica AUIM Opportunistic Bond)

Reserves. The Trustees may set apart, from time to time, out of any funds of the Trust or Series or out of funds allocable to a Class thereof a reserve or reserves for any proper purpose, and may abolish any such reserve.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Pioneer CoreTrust I)

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