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.
Appears in 8 contracts
Sources: Trust Agreement (Franklin Mutual Recovery Fund), Trust Agreement (Templeton China World Fund Inc), Trust Agreement (Assetmark Funds)
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 provided that upon completion of such combination of Series, the proportionate interest of each Shareholder, in the combined assets and liabilities held with respect to the combined Series shall equal the proportionate interest of each such Shareholder in the aggregate of the assets and liabilities held with respect to each the Series that was were combined.
Appears in 6 contracts
Sources: Trust Agreement (Manor Investment Funds Inc), Trust Agreement (Manor Investment Funds Inc), Trust Agreement (Manor Investment Funds Inc)
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 provided, however, that upon completion of such combination of Series, the proportionate interest of each Shareholder, Shareholder in the combined assets and liabilities held with respect to the combined Series shall equal the proportionate interest of each such Shareholder in the aggregate of assets and liabilities held with respect to each the Series that was were combined.
Appears in 5 contracts
Sources: Agreement and Declaration of Trust (Keystone Mutual Funds), Agreement and Declaration of Trust (MGI Funds), Agreement and Declaration of Trust (MGI Funds)
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 provided that upon completion of such combination of Series, the proportionate interest of each Shareholder, in the combined assets and liabilities held with respect to the combined Series shall equal the proportionate interest of each such Shareholder in the aggregate of assets and liabilities held with respect to each the Series that was were combined.
Appears in 4 contracts
Sources: Agreement and Declaration of Trust (Gartmore Mutual Funds), Agreement and Declaration of Trust (Gartmore Variable Insurance Trust), Trust Agreement (Exchange Traded Spreads Trust)
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 combined assets and liabilities held with respect to the combined Series shall equal the proportionate interest of each such Shareholder in the aggregate of the assets and liabilities held with respect to each the Series that was were combined.
Appears in 3 contracts
Sources: Trust Agreement (Templeton Global Opportunities Trust), Agreement and Declaration of Trust (Templeton Global Investment Trust), Trust Agreement (Templeton Global Opportunities Trust)
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 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.. --------------------------------------------------------------------------------
Appears in 2 contracts
Sources: Agreement and Declaration of Trust (Gartmore Variable Insurance Trust Iii), Agreement and Declaration of Trust (Gartmore Mutual Funds Iii)