Examples of Series Trustees in a sentence
The Trustees and Series Trustees in all instances shall act as principals, and are and shall be free from the control of the Shareholders.
The Trustees (and Series Trustees, solely to the extent consistent with their appointment) shall have full power and authority to do any and all acts and to make and execute any and all contracts and instruments that they may consider necessary or appropriate in connection with the management and operation of the Trust.
Shareholders shall have power to vote only: (i) to elect Trustees or Series Trustees, provided that a meeting of Shareholders has been called for that purpose; (ii) to remove Trustees or Series Trustees, provided that a meeting of Shareholders has been called for that purpose; (iii) with respect to the matters covered in Section 5.2 below; and(iv) approve such additional matters as may be required by law or as the Trustees, in their sole discretion, shall determine.
Neither the Shareholders of any Portfolio, nor the Trustees, nor any of the Trust’s Series Trustees, officers, employees or agents, whether past, present or future, shall be personally liable therefor.
In appointing any Series Trustee(s) and/or committee of Series Trustees, and notwithstanding Section 3.2(d) of this Trust Agreement, the Trustees may impose such terms and conditions regarding the removal of such Series Trustee(s) and/or the termination of any committee of such Series Trustee(s) as they deem appropriate.
Except to the extent required by any applicable provisions of the 1940 Act or under circumstances that would justify his removal for cause, no person ceasing to be a Trustee or Series 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 or Series Trustees upon such cessation.
The exercise by the Trustees or Series Trustees of their powers and discretion hereunder shall be binding upon all interested persons and entities.
The Trustees (and Series Trustees, solely to the extent consistent with their appointment) shall have full authority and absolute power and control over the assets of the Trust and the business of the Trust to the same extent as if they were the sole owners of the assets of the Trust and the business in their own right, including such authority, power and control to do all acts and things as they, in their discretion, shall deem proper to accomplish the purposes of this Trust.
Every note, bond, contract, instrument, certificate or undertaking and every other act or thing whatsoever issued, executed or done by or on behalf of the Trust, any Portfolio or the Trustees or any of them in connection with the Trust shall be conclusively deemed to have been issued, executed or done only by or for the Trust (or the Portfolio) or by or for the Trustees or Series Trustees in their official capacity with the Trust and not personally.
The assets belonging to each particular Portfolio shall be charged with the liabilities in respect of that Portfolio and all expenses, costs, charges and reserves attributable to that Portfolio (including, without limitation, the expenses and costs associated with the appointment and activities of any Series Trustee(s) for such Portfolio).