Series Liabilities definition
Series Liabilities means as of any particular time any and all debts, obligations or other liabilities, contingent or otherwise, of or relating to a particular Series of the Trust.
Series Liabilities means, with respect to a series of Shares of a Class, the liabilities referable to that series of a Class, other than the Corporation Liabilities and Class Liabilities;
Series Liabilities shall have the meaning set forth in Section 5.1(d)(i).
Examples of Series Liabilities in a sentence
All Series Liabilities shall be enforceable against the Series Property of that Series only and not against the assets of the Company generally or the assets associated with any other Series.
All Series Liabilities shall be enforceable against the Series Property of that Series only and not against the assets associated with any other Series.
More Definitions of Series Liabilities
Series Liabilities means, in respect of any particular series of Trust Units, the liabilities of such series of Trust Units for the Distribution Period that are referable specifically to that series.
Series Liabilities means, in respect of any particular series of a Trust, the liabilities of a Trust at the relevant time that are referable specifically to that series;
Series Liabilities means as of any particular time any and all debts, obligations or other liabilities, contingent or otherwise, of or relating to a particular Series of the Trust. "Series Property" shall mean as of any particular time any and all property, real or personal, tangible or intangible, which at such time is owned or held by or for the account of a particular Series. "Shareholders" shall mean as of any particular time the holders of record of outstanding Shares of the Trust, any Series of the Trust or any Class of any Series, as applicable, at such time. "Shares" shall mean the transferable units of beneficial interest in the Trust or in a Series of the Trust and includes fractions of Shares as well as whole Shares, which Shares may be classified as relating to particular Series and Classes within a Series. All references to Shares shall be deemed to be Shares of any or all Series or Classes as the context may require. "Trust" shall mean the trust established pursuant to the Initial Declaration and the Certificate and continued pursuant to the terms of this Declaration. "Trustees" shall mean the trustees in office on the date hereof, so long as each such Person shall continue in office in accordance with the terms hereof, and all other Persons who at the time in question have been duly elected or appointed and have qualified as trustees in accordance with the provisions hereof and are then in office.
Series Liabilities means the liabilities of the Issuer in respect of this Series identified in the Accounting Records (by way of the prefixing of a unique numeral) as being attributable solely to this Series;