Creation of New Series Clause Samples
The 'Creation of New Series' clause defines the process and authority for establishing additional series or classes within an entity, such as a company or investment fund. Typically, this clause outlines who has the power to create new series, the procedures to be followed, and any conditions or limitations that apply, such as board approval or compliance with governing documents. Its core function is to provide a clear mechanism for organizational growth or restructuring, ensuring that new series can be added efficiently and in accordance with established rules, thereby supporting flexibility and scalability.
Creation of New Series. The Issuer shall not create a new Series of Notes without the prior written consent of the Funding Agent.
Creation of New Series. The Trustees establish a new series of shares designated “T▇▇▇▇▇▇▇▇ Strategic Municipal Income Fund” effective December 17, 2008. The new series will have the relative rights and preferences described in Section 3.2 of the Agreement and Declaration of Trust. The Trustees further establish and designate ten classes of shares of T▇▇▇▇▇▇▇▇ Strategic Municipal Income Fund, each having an unlimited number of shares: the Class A Shares, the Class B Shares, the Class C Shares, the Class D Shares, the Class I Shares, the Class R1 Shares, the Class R2 Shares, the Class R3 Shares, the Class R4 Shares and the Class R5 Shares, respectively. Additional classes of shares of the Fund may be established and designated by the Trustees from time to time by supplement to this Amendment and Supplement. Shares of each Class so created will represent interests in the same assets of the Fund, and will be identical in all respects except as described below:
Creation of New Series. Subject to Section 5.4 of the Master Agreement, in accordance with Section 2.6 of the Master Agreement, the Board established the New Series, which is a “Series” for purposes of the Master Agreement. For all purposes of the Act, this Separate Series Agreement together with the series agreements of all other “Series” established by the Partnership and the Master Agreement constitute the “partnership agreement” of the Partnership within the meaning of the Act, and all parties to this Separate Series Agreement hereby agree to be bound by all the terms of the Master Agreement. This Separate Series Agreement is incorporated by reference into the Master Agreement. The terms and provisions of this Separate Series Agreement may have the effect of altering, supplementing or amending the terms and provisions of the Master Agreement. To the extent that any of the terms or provisions of this Separate Series Agreement conflict with any of the terms or provisions of the Master Agreement, the terms of the Master Agreement shall control.
Creation of New Series. The Trustees establish a new series of shares designated “T▇▇▇▇▇▇▇▇ Core Plus Bond Fund” effective May 17, 2023. The new series will have the relative rights and preferences described in Section 3.2 of the Declaration of Trust.
Creation of New Series. The Trustees establish a new series of shares designated “▇▇▇▇▇▇▇▇▇ International ESG Fund” effective May 19, 2015. The new series will have the relative rights and preferences described in Section 3.2 of the Agreement and Declaration of Trust.
Creation of New Series. The Trustees establish a new series of shares designated “T▇▇▇▇▇▇▇▇ Summit Fund” effective December 3, 2018. The new series will have the relative rights and preferences described in Section 3.2 of the Agreement and Declaration of Trust.
Creation of New Series. The undersigned Trustees establish a new series of shares designated “T▇▇▇▇▇▇▇▇ Emerging Markets Managed Account Fund” effective December 7, 2022. The new series will have the relative rights and preferences described in Section 3.2 of the Declaration of Trust.
Creation of New Series. The Manager may establish new Series (each, a “New Series”) as determined by the Manager, without the consent of any other Party or any other Person (in the sole and absolute discretion of the Manager). The terms of each New Series shall be as set forth in this Operating Agreement and a separate agreement establishing such New Series (a “Series Agreement”), but with such changes therein as determined by the Manager, without the consent of any other Party or any other Person (in the sole and absolute discretion of the Manager). For all purposes of the Act, this Operating Agreement together with each Series Agreement constitute the “limited liability company agreement” of the Company within the meaning of the Act. The creation of each New Series and the execution of Series Agreements in connection with such New Series shall not constitute an amendment of this Operating Agreement for purposes of Section ¶ 9.1. A Series Agreement or counterpart signature page thereto shall be executed by the Manager and by all of the Members associated with such New Series. Each Series will be deemed to be created upon such Series Agreement being duly executed (unless otherwise provided in the Act). As established from time to time in accordance with this Operating Agreement, additional Series may be designated as having separate rights, powers or duties with respect to specified property or obligations or profits and losses associated with specified property or obligations and, to the extent provided in this Operating Agreement or the Series Agreement of such Series, as having a separate business purpose than the Company or any other Series. A Person may be admitted as a Member of the Company associated with more than one Series. The Manager shall be the manager of the Company associated with each Series.
Creation of New Series. The Trustees establish a new series of shares designated “▇▇▇▇▇▇▇▇▇ Long/Short Equity Fund” effective September 13, 2016. The new series will have the relative rights and preferences described in Section 3.2 of the Agreement and Declaration of Trust.
Creation of New Series. The Trustees establish a new series of shares designated “▇▇▇▇▇▇▇▇▇ Liquidity Management Fund” effective December 8, 2014. The new series will have the relative rights and preferences described in Section 3.2 of the Agreement and Declaration of Trust.