Combination of Series Sample Clauses
The Combination of Series clause defines the conditions under which two or more separate series, such as financial instruments or contractual obligations, may be merged or treated as a single entity. In practice, this clause outlines the procedural steps, approvals, and criteria required for combining series, such as obtaining consent from relevant parties or meeting specific financial thresholds. Its core function is to provide a clear framework for consolidating series, thereby streamlining administration and reducing complexity in managing multiple related obligations or assets.
Combination of Series. The Trustees shall have the authority, without the approval of the Shareholders of any Series unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series into assets and liabilities held with respect to a single Series.
Combination of Series. The Board of Trustees shall have the authority, without the approval of the Shareholders of any Series unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series into assets and liabilities held with respect to a single Series; PROVIDED that upon completion of such combination of Series, the proportionate interest of each Shareholder, in the assets and liabilities held with respect to the combined Series shall equal the proportionate interest of each such Shareholder in the assets and liabilities held with respect to each Series that was combined.
Combination of Series. The Trustees shall have the authority, without the approval of the Shareholders of any Series unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more series into assets and liabilities held with respect to a single series.
Combination of Series. The Board of Trustees shall have the authority, without the approval of the Shareholders of any Series or Class unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series or Class into assets and liabilities held with respect to a single Series or Class.
Combination of Series. The Directors shall have the authority, without the approval of the Shareholders of any Series (or Class) unless otherwise required by applicable law, to combine the assets and liabilities belonging to any two or more Series (or Classes) into assets and liabilities belonging to a single Series (or Class).
Combination of Series. The Trustees shall have the authority, without the approval of the Shareholders of any Series unless otherwise required by applicable federal law, to combine the assets and liabilities held with respect to any two or more Series into assets and liabilities held with respect to a single Series. Elimination of Series. At any time that there are no Shares outstanding of a Series (or class), the Trustees may abolish such Series (or class).
Combination of Series. 12 (i) Elimination of Series................................................................................12 SECTION 7.
Combination of Series. 7 (i) Elimination of Series. . . . . . . . . . . . . 7 (j) Transferability. . . . . . . . . . . . . . . . . 7 (k) Termination of a Series. . . .
Combination of Series. The Trustees shall have the authority, without the approval of the Shareholders of any series or class unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more series or classes into assets and liabilities held with respect to a single series or class. Each Certificate of Designation or Certificate of Termination, and any instrument amending a Certificate of Designation, shall have the status of an amendment to this Declaration and shall be filed as provided in Section 8 of Article IX hereof, but such filing shall not be a prerequisite to the effectiveness thereof.
Combination of Series. The Trustees shall have the authority to combine the assets and liabilities held with respect to any two or more Series (or classes) into assets and liabilities held with respect to a single Series (or class).