Common use of TRUST DUTIES Clause in Contracts

TRUST DUTIES. (a) The net asset value of Shares shall be determined by the Trust, or by an agent of the Trust, as of the times and in accordance with the method established pursuant to the Governing Instruments (and on such other days as the Trustees deem necessary in order to comply with Rule 22c-1 under the 1940 Act). The Trust shall have right to suspend the sale of Shares if, because of some extraordinary condition, trading in the securities in which such Fund invests) is suspended or restricted or if conditions existing render such action advisable or for any other reason deemed adequate by the Trust. (b) The Trust will, from time to time, but subject to the necessary approval, if any, of the Fund's shareholders, take all necessary action to register such number of Shares under the Securities Act of 1933, as amended (the "1933 Act"), as the Distributor may reasonably be expected to sell.

TRUST DUTIES. (a) The net asset value of Shares shall be determined by the Trust, or by an agent of the Trust, as of the times and in accordance with the method established pursuant to the Governing Instruments (and on such other days as the Trustees deem necessary in order to comply with Rule 22c-1 under the 1940 Act). The Trust shall have right to suspend the sale of Shares if, because of some extraordinary condition, trading in the securities in which such Fund invests) invests is suspended or restricted or if conditions existing render such action advisable or for any other reason deemed adequate by the Trust. (b) The Trust will, from time to time, but subject to the necessary approval, if any, of the Fund's shareholders, take all necessary action to register such number of Shares under the Securities Act of 1933, as amended (the "1933 Act"), as the Distributor may reasonably be expected to sell.