Trustees and Officers as Shareholders. Any Trustee, officer or other agent of the Trust may acquire, own and dispose of Shares to the same extent as if such person were not a Trustee, officer or agent; and the Trustees may issue and sell or cause to be issued and sold Shares to and buy such Shares from any such person or any firm or company in which such person invested, subject to the general limitations herein contained as to the sale and purchase of such Shares.
Trustees and Officers as Shareholders. 14 9. Compensation....................................................15
Trustees and Officers as Shareholders. Any Trustee, officer or other agent of the Trust may acquire, own and dispose of Shares of the Trust to the same extent as if he or she were not a Trustee, officer or agent; and the Trustees may issue and sell or cause to be issued and sold Shares to and buy such Shares from any such person of any firm or company in which he is interested, subject only to the general limitations herein contained as to the sale and purchase of such Shares; and all subject to any restrictions which may be contained in the By-Laws.
Trustees and Officers as Shareholders. Subject, in all cases, to applicable, law, any Trustee, officer, or agent of the Trust may acquire, own, and dispose of Shares to the same extent as if he or she were not a Trustee, officer, or agent; and the Trustees may issue and sell or cause to be issued and sold Shares to and buy such Shares from any such Person or any firm or company in which he or she is interested, subject only to the general limitations herein contained as to the sale and purchase of such Shares; and all subject to any restrictions which may be contained in the By-Laws.
Trustees and Officers as Shareholders. 11 SECTION 4.4. ACTION BY THE TRUSTEES....................................................................11 SECTION 4.5. CHAIRMAN OF THE BOARD OF TRUSTEES.........................................................11 SECTION 4.6. PRINCIPAL TRANSACTIONS....................................................................11
Trustees and Officers as Shareholders. 13 ARTICLE V........................................................................................................
Trustees and Officers as Shareholders. 18 ARTICLE V
Trustees and Officers as Shareholders. 7 ARTICLE IV -------------------------------------------------------------------------------- INVESTMENT ADVISER, DISTRIBUTOR AND TRANSFER AGENT 7 SECTION 4.1. INVESTMENT ADVISER 7 SECTION 4.2. DISTRIBUTOR 7 SECTION 4.3. TRANSFER AGENT 8 SECTION 4.4. PARTIES TO CONTRACT 8
Trustees and Officers as Shareholders. Except as hereinafter provided, no officer, Trustee or Member of the Advisory Board of the Trust, and no member, officer, director or trustee of the Investment Adviser or of the distributor, and no Investment Adviser or Distributor of the Trust, shall take long or short positions in the securities issued by the Trust.
(1) The foregoing provision shall not prevent the Distributor from purchasing from the Trust Shares if such purchases are limited (except for reasonable allowances for clerical errors, delays and errors of transmission and cancellation of orders) to purchases for the purpose of filling orders for Shares received by the Distributor and provided that orders to purchase from the Trust are entered with the Trust or the Custodian promptly upon receipt by the Distributor of purchase orders for Shares, unless the Distributor is otherwise instructed by its customer.
(2) The foregoing provision shall not prevent the Distributor from purchasing Shares as agent for the account of the Trust.
(3) The foregoing provision shall not prevent the purchase from the Trust or from the Distributor of Shares by any officer, Trustee or member of the Advisory Board of the Trust or by any member, officer, director or trustee of the Investment Adviser or of the Distributor at a price not lower than the net asset value of the Shares at the moment of such purchase, provided that any such sales are only to be made pursuant to a uniform offer described in the Trust's current prospectus.
(4) The foregoing provision shall not prevent the Investment Adviser, the Distributor, or any of their officers, directors or trustees from purchasing Shares prior to the effective date of the Registration Statement relating to the Shares under the Securities Act of 1933, as amended. -------------------------------------------------------------------------------- ARTICLE IV INVESTMENT ADVISER, DISTRIBUTOR AND TRANSFER AGENT
Trustees and Officers as Shareholders. Except as hereinafter provided, no officer, Trustee or member of any advisory board of the Trust, and no member, partner, or officer, director or trustee of the investment adviser, administrator or of the distributor, and no investment adviser, administrator or distributor of the Trust, shall take long or short positions in the securities issued by the Trust. The foregoing provision shall not prevent:
