Authorization of Issuance of Interest. The issuance by each Portfolio of Shares in exchange for the investment by each Fund has been duly authorized by the Master Trust's Board of Trustees. When issued in accordance with the terms of this Agreement, the Shares will be validly issued, fully paid and non-assessable by the Portfolio.
Appears in 6 contracts
Sources: Master Feeder Participation Agreement (Usaa Mutual Fund Inc), Master Feeder Participation Agreement (Usaa Mutual Fund Inc), Master Feeder Participation Agreement (American Aadvantage Funds)
Authorization of Issuance of Interest. The issuance by each the Portfolio of Shares the Interest in exchange for the investment Investment by each the Fund of its Assets has been duly authorized by all necessary action on the Master Trust's part of the Board of TrusteesTrustees of the Portfolio Trust. When issued in accordance with the terms of this Agreement, the Shares Interest will be validly issued, fully paid and non-assessable by the PortfolioPortfolio Trust.
Appears in 3 contracts
Sources: Third Party Feeder Fund Agreement (Dreyfus Premier Stock Funds), Third Party Feeder Fund Agreement (Dreyfus Premier Stock Funds), Third Party Feeder Fund Agreement (Merrimac Series)
Authorization of Issuance of Interest. The issuance by each the Portfolio of Shares the Interests in exchange for the investment Investment by each the Fund of its assets has been duly authorized by all necessary action on the Master Trust's part of the Board of TrusteesTrustees of the Portfolio. When issued in accordance with the terms of this Agreement, the Shares Interests will be validly issued, fully paid and non-assessable by the Portfolio.
Appears in 2 contracts
Sources: Master Feeder Participation Agreement (Ssga Funds), Master Feeder Participation Agreement (Ssga Funds)
Authorization of Issuance of Interest. The issuance by each the Portfolio of Shares an Interest in exchange for the investment Investment by each Fund of its assets has been duly authorized by all necessary action on the part of the Board of Trustees of the Master Trust's Board of Trustees. When issued in accordance with the terms of this Agreement, the Shares Interest will be validly issued, fully paid and non-assessable by the Portfolio.
Appears in 2 contracts
Sources: Master Feeder Participation Agreement (State Street Master Funds), Master Feeder Participation Agreement (American Aadvantage Funds)
Authorization of Issuance of Interest. The issuance by each the Portfolio of Shares an Account in exchange for the investment Investment by each Fund of its assets has been duly authorized by all necessary action on the Master Trust's part of the Board of TrusteesTrustees of the Portfolio. When issued in accordance with the terms of this Agreement, the Shares Account will be validly issued, fully paid and non-assessable by the Portfolio.
Appears in 1 contract
Sources: Master Feeder Participation Agreement (American Aadvantage Funds)
Authorization of Issuance of Interest. The issuance by each the ------------------------------------- Portfolio of Shares the Interest in exchange for the investment Investment by each the Fund of its Assets has been duly authorized by all necessary action on the Master Trust's part of the Board of TrusteesTrustees of the Portfolio Trust. When issued in accordance with the terms of this Agreement, the Shares Interest will be validly issued, fully paid and non-assessable by the PortfolioPortfolio Trust.
Appears in 1 contract
Sources: Third Party Feeder Fund Agreement (Merrimac Series)