No Accounting Sample Clauses
The "No Accounting" clause establishes that one party is not required to provide detailed financial records or statements to the other party regarding certain transactions or payments under the agreement. In practice, this means that the party receiving payments or handling funds does not have to submit periodic reports or breakdowns of how the money was used or distributed. This clause is typically used to simplify administrative processes and reduce the burden of ongoing financial reporting, thereby streamlining the relationship and minimizing disputes over accounting details.
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No Accounting. Except to the extent required by the 1940 Act or, if determined to be necessary or appropriate by the other Trustees under circumstances which would justify his or her removal for cause, no person ceasing to be a Trustee for reasons including, but not limited to, death, resignation, retirement, removal or incapacity (nor the estate of any such person) shall be required to make an accounting to the Shareholders or remaining Trustees upon such cessation.
No Accounting. Except under circumstances which would justify his removal for cause, no person ceasing to be a Trustee as a result of his death, resignation, retirement, removal or incapacity (nor the estate of any such person) shall be required to make an accounting to the Shareholders or remaining Trustees upon such cessation.
No Accounting. No transfer of Shares, whether voluntary, involuntary or by operation of law, shall entitle the transferor or transferee to demand or obtain immediate valuation, accounting or payment of the transferred Shares.
No Accounting. No persons or estate of such person who has ceased acting as Trustee shall be required to make an accounting to the Trustees or Shareholders unless required by the 1940 Act or justified by circumstances calling for removal for cause.
No Accounting. 4 Section 3.2 Powers of the Trustees............................4
No Accounting. Except to the extent required by the 1940 Act or under circumstances which would justify his removal for cause, no person ceasing to be a Trustee as a result of his death, resignation, retirement, removal or incapacity (nor the estate of any such person) shall be required to make an accounting to the Shareholders or remaining Trustees upon such cessation. ____________________________________________________________________________________
No Accounting. 10 ARTICLE IV
No Accounting. 3 Section 3.2
No Accounting. Except to the extent required by the 1940 Act or, if determined to be necessary or appropriate by the other Trustees under circumstances which
No Accounting. 5 Section 2.9 Ownership of the Trust................................. 5 ARTICLE III -- POWERS OF TRUSTEES........................................ 5 Section 3.1 General................................................ 5 Section 3.2 Investments............................................ 5 Section 3.3