Common use of Rights of Creditors Clause in Contracts

Rights of Creditors. (a) This Agreement is unfunded. Neither the Director nor any other persons shall have any interest in any specific asset or assets of the Funds by reason of any Deferral Accounts hereunder, nor any rights to receive distribution of his Deferral Accounts except and as to the extent expressly provided hereunder. The Funds shall not be required to purchase, hold or dispose of any investments pursuant to this Agreement; however, if in order to cover their obligations hereunder the Funds elect to purchase any investments the same shall continue for all purposes to be a part of the general assets and property of the Funds, subject to the claims of their general creditors and no person other than the Funds shall by virtue of the provisions of this Agreement have any interest in such assets other than an interest as a general creditor.

Appears in 40 contracts

Samples: Compensation Agreement (Aim Special Opportunities Funds), Deferred Compensation Agreement (Aim Tax Exempt Funds), Compensation Agreement (Aim Counselor Series Trust)

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Rights of Creditors. (a) This Agreement is unfundedan unfunded and non-qualified deferred compensation arrangement. Neither the Director Trustee nor any other persons shall have any interest in any specific asset or assets of the Funds a Fund by reason of any Deferral Accounts Account hereunder, nor any rights to receive distribution of his Deferral Accounts Account except as and as to the extent expressly provided hereunder. The Funds A Fund shall not be required to purchase, hold or dispose of any investments pursuant to this Agreement; however, if in order to cover their its obligations hereunder the Funds elect Fund elects to purchase any investments the same shall continue for all purposes to be a part of the general assets and property of the FundsFund, subject to the claims of their its general creditors and no person other than the Funds Fund shall by virtue of the provisions of this Agreement have any interest in such assets other than an interest as a general creditor.

Appears in 14 contracts

Samples: The Evergreen Funds (Evergreen Investment Trust), The Evergreen Funds (Evergreen Fund), The Evergreen Funds (Evergreen Foundation Trust)

Rights of Creditors. (a) This Agreement is unfunded. Neither the Director Trustee nor any other persons shall have any interest in any specific asset or assets of the Funds Fund by reason of any Deferral Accounts Account hereunder, nor any rights to receive distribution of his the Deferral Accounts Account except and as to the extent expressly provided hereunder. The Funds Fund shall not be required to purchase, hold or dispose of any investments pursuant to this Agreement; however, if in order to cover their its obligations hereunder the Funds elect Fund elects to purchase any investments the same shall continue for all purposes to be a part of the general assets and property of the FundsFund, subject to the claims of their its general creditors and no person other than the Funds Fund shall by virtue of the provisions of this Agreement have any interest in such assets other than an interest as a general creditor.

Appears in 13 contracts

Samples: Compensation Agreement (Van Kampen Equity Trust Ii), Deferred Compensation Agreement (Van Kampen Advantage Municipal Income Trust Ii), Deferred Compensation Agreement (Van Kampen Trust for Investment Grade Municipals)

Rights of Creditors. (a) This Agreement is unfunded. Neither the Director Trustee nor any other persons shall have any interest in any specific asset or assets of any Fund or any Fund in the Invesco Funds Complex by reason of any Deferral Accounts hereunder, nor any rights to receive distribution of his any Deferral Accounts except and as to the extent expressly provided hereunder. The Funds shall not be required to purchase, hold or dispose of any investments pursuant to this Agreement; however, if in order to cover their obligations hereunder the Funds elect to purchase any investments the same shall continue for all purposes to be a part of the general assets and property of the respective series of the Funds, subject to the claims of their general creditors and no person other than the Funds and their respective series shall by virtue of the provisions of this Agreement have any interest in such assets other than an interest as a general creditor.

Appears in 12 contracts

Samples: Trustee Deferred Compensation Agreement (Invesco High Income 2024 Target Term Fund), Trustee Deferred Compensation Agreement (Invesco High Income 2023 Target Term Fund), Trustee Deferred Compensation Agreement (Aim Treasurers Series Trust (Invesco Treasurer's Series Trust))

Rights of Creditors. (a) This Agreement is unfundedunfunded and is not creating a Trust. Neither the Director nor not any other persons shall have any interest in any specific asset or assets of the Funds any Fund by reason of any Deferral Accounts Account hereunder, nor any rights to receive distribution of his Deferral Accounts except Account except, and as to the extent extent, expressly provided hereunder. The Funds shall not be required to purchase, hold or dispose of any investments pursuant to this Agreement; however, if in order to cover their obligations its obligation hereunder the Funds elect a Fund elects to purchase any investments the same shall continue for all purposes to be a part of the general assets and property of the Fundsthat Fund, subject to the claims of their its general creditors and no person other than the Funds that Fund shall by be virtue of the provisions of this Agreement have any interest in such assets other than an interest as a general creditor.

Appears in 3 contracts

Samples: Oppenheimer Funds (Oppenheimer Quest for Value Funds), Oppenheimer Funds Deferred Compensation Agreement (Oppenheimer High Yield Fund Inc), Oppenheimer Funds (Oppenheimer Gold & Special Minerals Fund)

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Rights of Creditors. (a) This Agreement is unfunded. Neither the Director Trustee nor any other persons shall have any interest in any specific asset or assets of any Fund or any Fund in the AIM Funds Complex by reason of any Deferral Accounts hereunder, nor any rights to receive distribution of his any Deferral Accounts except and as to the extent expressly provided hereunder. The Funds shall not be required to purchase, hold or dispose of any investments pursuant to this Agreement; however, if in order to cover their obligations hereunder the Funds elect to purchase any investments the same shall continue for all purposes to be a part of the general assets and property of the respective series of the Funds, subject to the claims of their general creditors and no person other than the Funds and their respective series shall by virtue of the provisions of this Agreement have any interest in such assets other than an interest as a general creditor.

Appears in 2 contracts

Samples: Deferred Compensation Agreement (Aim International Mutual Funds), Compensation Agreement (Aim Treasurers Series Trust)

Rights of Creditors. (a) This Agreement is unfunded. Neither the Director Trustee nor any other persons shall have any interest in any specific asset or assets of the Trust or its Funds by reason of any Deferral Accounts Account hereunder, nor any rights to receive distribution of his or her Deferral Accounts Account except and as to the extent expressly provided hereunder. The Funds shall not be required to purchase, hold or dispose of any investments pursuant to this Agreement; however, if in order to cover their obligations hereunder the Funds elect to purchase any investments the same shall continue for all purposes to be a part of the general assets and property of the Funds, subject to the claims of their general creditors and no person other than the Funds shall by virtue of the provisions of this Agreement have any interest in such assets other than an interest as a general creditor.

Appears in 1 contract

Samples: Compensation Agreement (Deutsche Asset Management)

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