Shares of Beneficial Interest. The beneficial interest in the Trust shall be divided into such transferable Shares of one or more separate and distinct Series or classes of a Series as the Trustees shall from time to time create and establish. The number of Shares of each Series, and class thereof, authorized hereunder is unlimited. Each Share shall have no par value. All Shares issued hereunder, including without limitation, Shares issued in connection with a dividend in Shares or a split or reverse split of Shares, shall be fully paid and nonassessable.
Appears in 5 contracts
Samples: Agreement and Declaration of Trust (Cutler Trust), Trust Instrument (Fidelity Cherry Street Trust), Trust Instrument (Fidelity Cherry Street Trust)
Shares of Beneficial Interest. The beneficial interest in the Trust shall be divided into such transferable Shares of one or more separate and distinct Series or classes Classes of a Series as the Trustees shall from time to time create and establish. The number of Shares of each Series, and class Class thereof, authorized hereunder is unlimited. Each Share shall have no par value. All Shares issued hereunder, including without limitation, Shares issued in connection with a dividend or other distribution in Shares or a split or reverse split of Shares, shall be fully paid and nonassessable.
Appears in 4 contracts
Samples: Agreement and Declaration of Trust (Optimum Fund Trust), Agreement and Declaration of Trust (Optimum Fund Trust), Agreement and Declaration of Trust (Optimum Fund Trust)
Shares of Beneficial Interest. The beneficial interest in the Trust shall be divided into such transferable Shares of one or more separate and distinct Series or classes of a Series as set forth in Section 2.06 or as the Trustees shall otherwise from time to time create and establishestablish as provided in Section 2.06. The number of Shares of each Series, Series and class thereof, thereof authorized hereunder is unlimited. Each Share shall have no par value. All Shares issued hereunder, including without limitation, limitation Shares issued in connection with a dividend paid in Shares or a split or reverse split of Shares, shall be fully paid and nonassessable.
Appears in 2 contracts
Samples: Proxy Statement (Victory Portfolios), Proxy Statement (Victory Portfolios)
Shares of Beneficial Interest. The beneficial interest in the Trust shall be divided into such transferable Shares of one or more separate and distinct Series or classes of a Series as set forth in Section 2.6 or as the Trustees shall otherwise from time to time create and establishestablish as provided in Section 2.6. The number of Shares of each Series, Series and class thereof, thereof authorized hereunder is unlimited. Each Share shall have no par value. All Shares issued hereunder, including without limitation, Shares issued in connection with a dividend paid in Shares or a split or reverse split of Shares, shall be fully paid and nonassessablenon-assessable.
Appears in 2 contracts
Samples: Trust Instrument (CDC MPT Funds), Trust Instrument (Credit Suisse Short Duration Bond Fund)
Shares of Beneficial Interest. The beneficial interest in the Trust shall be divided into such transferable Shares of one or more separate and distinct Series or classes of a Series as the Trustees shall from time to time create and establish. The number of Shares of each Series, and class thereof, authorized hereunder is unlimited. Each unlimited and each Share shall have no a par valuevalue of $0.01. All Shares issued hereunder, including without limitation, Shares issued in connection with a dividend in Shares or a split or reverse split of Shares, shall be fully paid and nonassessable.
Appears in 1 contract
Samples: Trust Instrument (X Com Funds)
Shares of Beneficial Interest. The beneficial interest in the Trust shall be divided into such transferable Shares of one or more separate and distinct Series or classes of a Series as the Trustees shall from time to time create and establish. The number of Shares of each Series, and class thereof, authorized hereunder is unlimited. Each unlimited and each Share shall have no a par valuevalue of $0.00. All Shares issued hereunder, including without limitation, Shares issued in connection with a dividend in Shares or a split or reverse split of Shares, shall be fully paid and nonassessable.
Appears in 1 contract
Shares of Beneficial Interest. The beneficial interest in the Trust shall be divided into such transferable Shares of one or more separate and distinct Series or classes of and Classes within a Series as the Trustees shall from time to time create and establish. The number of Shares of each Series, Series and class thereof, Class authorized hereunder is unlimited. Each Share shall have no par value, unless otherwise determined by the Trustees. All Shares issued hereunder, including including, without limitation, Shares issued in connection with a dividend in Shares or a split or reverse split of Shares, shall be fully paid and nonassessable.
Appears in 1 contract
Shares of Beneficial Interest. The beneficial interest in the Trust shall be divided into such transferable Shares of one or more separate and distinct Series or classes of a Series Classes as the Trustees shall from time to time create and establish. The number of Shares of each Series, Series and class thereofClass, authorized hereunder is unlimited. Each Share shall have no par value. All Shares issued hereunder, including without limitation, Shares issued in connection with a dividend in Shares or a split or reverse split of Shares, under this Trust Instrument shall be fully paid and nonassessable.
Appears in 1 contract
