SEPARATE AND DISTINCT SERIES. Each Trust established as a Series of the National Equity Trust shall, for all financial and administrative purposes, be considered separate and distinct from every other Trust, and the assets of one Trust shall not be commingled with the assets of another Trust nor shall the expenses of any one Trust be charged against any other Trust.
SEPARATE AND DISTINCT SERIES. Each Trust established as a Series of the Xxxx Xxxxxx Select Equity Trust shall, for all financial and administrative purposes, be considered separate and distinct from every other Trust, and the assets of one Trust shall not be commingled with the assets of another Trust nor shall the expenses of any one Trust be charged against any other Trust.
SEPARATE AND DISTINCT SERIES. Each series of Nuveen Unit Trust to which these Standard Terms and Conditions of Trust shall be applicable shall, for all financial and administrative purposes, be considered separate and distinct from every other series, and neither the assets of nor the expenses of any one series shall be applied or charged against any other series.
SEPARATE AND DISTINCT SERIES. Each series of Delaware-Voyageur Unit Investment Trust to which these Standard Terms and Conditions of Trust shall be applicable shall, for all financial and administrative purposes, be considered separate and distinct from every other series, and neither the assets of nor the expenses of any one series shall be applied or charged against any other series.
SEPARATE AND DISTINCT SERIES. Each series of Voyageur Equity Trust to which these Standard Terms and Conditions of Trust shall be applicable shall, for all financial and administrative purposes, be considered separate and distinct from every other series, and neither the assets of nor the expenses of any one series shall be applied or charged against any other series.
SEPARATE AND DISTINCT SERIES. LIABILITIES HELD WITH RESPECT TO A PARTICULAR SERIES OR CLASS ...................................8 (c) DIVIDENDS, DISTRIBUTIONS AND REPURCHASES ..........9 (d) VOTING .........................................10 (e) EQUALITY ........................................10 (f) FRACTIONS ........................................10 (g) EXCHANGE PRIVILEGE ...............................10
SEPARATE AND DISTINCT SERIES. Each Series shall be separate and distinct from any other Series, separate and distinct records on the books of the Trust shall be maintained for each Series, and the assets and liabilities belonging to any such Series shall be held and accounted for separately from the assets and liabilities of the Trust or any other Series. Each class of a Series shall be separate and distinct from any other class of the Series. As appropriate, in a manner determined by the Board of Trustees, the liabilities belonging to any such class of the Series shall be held and accounted for separately from the liabilities of the Trust, the Series or any other class of the Series and separate and distinct records on the books of the Trust for the class of the Series shall be maintained for this purpose. Subject to Article II hereof, each such Series shall operate as a separate and distinct investment medium, with separately defined investment objectives and policies and a distinct investment purpose. Shares of each Series (and class thereof where applicable) established and designated pursuant to Section 6, unless otherwise provided to the extent permitted by the DSTA, in the resolution establishing and designating such Series or class, shall have the following rights, powers and duties:
SEPARATE AND DISTINCT SERIES. Each Series of the Nasdaq-100 Trust to which this Agreement shall be applicable shall, for all financial and administrative purposes, be considered separate and distinct from every other Series, and the assets of one Series shall not be commingled with the assets of another Series nor shall the expenses of any one Series be charged against any other Series.
SEPARATE AND DISTINCT SERIES. Each series of Delaware-Voyageur Tax-Exempt Trust, to which these Standard Terms and Conditions of Trust shall be applicable shall, for all financial and administrative purposes, be considered separate and distinct from every other series, and neither the assets of nor the expenses of any one series shall be applied or charged against any other series.
SEPARATE AND DISTINCT SERIES. Each Series of the ---------------------------- DIAMONDS Trust to which these Standard Terms and Conditions of Trust shall be applicable shall, for all financial and administrative purposes, be considered separate and distinct from every other Series, and the assets of one Series shall not be commingled with the assets of another Series nor shall the expenses of any one Series be charged against any other Series.
