Common use of Shares; Funds; Series of Shares Clause in Contracts

Shares; Funds; Series of Shares. The beneficial interest in the Trust shall be divided into Shares having a nominal or par value of one cent ($.01) per Share, and all of one class, of which an unlimited number may be issued. The Trustees shall have the authority from time to time to establish and designate one or more separate, distinct and independent Funds into which the assets of the Trust shall be divided, and to authorize a separate Series of Shares for each such Fund (each of which Series, including without limitation each Series authorized in Section 6.2 hereof, shall represent interests only in the Fund with respect to which such Series was authorized), as they deem necessary or desirable. Except as otherwise provided as to a particular Fund herein, or in the Certificate of Designation therefor, the Trustees shall have all the rights and powers, and be subject to all the duties and obligations, with respect to each such Fund and the assets and affairs thereof as they have under this Declaration with respect to the Trust and the Trust Property in general.

Shares; Funds; Series of Shares. The beneficial interest in the Trust shall be divided into Shares having a nominal or par value of one cent ($.01) per Share, and all of one class, of which an unlimited number may be issued. The Trustees shall have the authority from time to time to establish and designate one or more separate, distinct and independent Funds into which the assets of the Trust shall be divided, and to authorize a separate Series of Shares for each such Fund (each of which Series, including without limitation each the Series authorized in Section 6.2 hereof, shall represent interests only in the Fund with respect to which such Series was authorized), as they deem necessary or desirable. Except as otherwise provided as to a particular Fund herein, or in the Certificate of Designation therefor, the Trustees shall have all the rights and powers, and be subject to all the duties and obligations, with respect to each such Fund and the assets and affairs thereof as they have under this Declaration with respect to the Trust and the Trust Property in general.

Shares; Funds; Series of Shares. The beneficial interest in the Trust shall be divided into Shares having a nominal or par value of one cent ($.01) per Share, and all of the one class, of which an unlimited number may be issued. The Trustees shall have the authority from time to time to establish and designate one or more separate, distinct and independent Funds into which the assets of the Trust shall be divided, and to authorize a separate Series of Shares for each such Fund (each of which Series, including without limitation each Series authorized in Section 6.2 hereof, shall represent interests only in the Fund with respect to which such Series was authorized), as they deem necessary or desirable. Except as otherwise provided as to a particular Fund herein, or in the Certificate of Designation therefor, the Trustees shall have all the rights and powers, and be subject to all the duties and obligations, with respect to each such Fund and the assets and affairs thereof as they have under this Declaration with respect to the Trust and the Trust Property in general.

Shares; Funds; Series of Shares. The beneficial interest in the Trust shall be divided into Shares having a nominal or no par value of one cent ($.01) per Sharevalue, and all of one classclass (except as provided in Section 6.2(c) for the separate payment of dividends by each Fund), of which an unlimited number may be issued. The Trustees shall have the authority from time to time to establish and designate one or more separate, distinct and independent Funds into which the assets of the Trust shall be divided, and to authorize a separate Series of Shares for each such Fund (each of which Series, including without limitation each the Series authorized in Section 6.2 hereof, shall represent interests only in the Fund with respect to which such Series was authorized), as they deem necessary or desirable. Except as otherwise provided as to a particular Fund herein, or in the Certificate of Designation therefor, the Trustees shall have all the rights and powers, and be subject to all the duties and obligations, with respect to each such Fund and the assets and affairs thereof as they have under this Declaration with respect to the Trust and the Trust Property in general.

Shares; Funds; Series of Shares. The beneficial interest in the Trust shall be divided into Shares having a nominal or par value of one cent zero cents ($.01.00) per Share, and all of one class, of which an unlimited number may be issued. The Trustees shall have the authority from time to time to establish and designate one or more separate, distinct and independent Funds into which the assets of the Trust shall be divided, and to authorize a separate Series of Shares for each such Fund (each of which Series, including without limitation each the Series authorized in Section 6.2 hereof, shall represent interests only in the Fund with respect to which such Series was authorized), as they deem necessary or desirable. Except as otherwise provided as to a particular Fund herein, or in the Certificate of Designation therefor, the Trustees shall have all the rights and powers, and be subject to all the duties and obligations, with respect to each such Fund and the assets and affairs thereof as they have under this Declaration with respect to the Trust and the Trust Property in general.