Division of Series or Classes. The Trustees shall have the authority, without the approval of the Shareholders of any Series or Class unless otherwise required by applicable federal law, to divide the assets and liabilities held with respect to any Series or Class into assets and liabilities held with respect to an additional one or more Series or Classes and in connection therewith to cause some or all of the Shareholders of such Series or Class to be admitted as Shareholders of such additional one or more Series or Classes.
Appears in 248 contracts
Sources: Agreement and Declaration of Trust (Federated Hermes Adviser Series), Agreement and Declaration of Trust (American Beacon Institutional Funds Trust), Agreement and Declaration of Trust (Federated Hermes Adviser Series)
Division of Series or Classes. The Trustees shall have the authority, without the approval of the Shareholders of any Series or Class Class, irrespective of any adverse affect upon a Shareholder, unless otherwise required by applicable federal law, to divide the assets and liabilities held with respect to any Series or Class into assets and liabilities held with respect to an additional one or more Series or Classes and in connection therewith to cause some or all of the Shareholders of such Series or Class to be admitted as Shareholders of such additional one or more Series or Classes.
Appears in 6 contracts
Sources: Agreement and Declaration of Trust (1290 Funds), Agreement and Declaration of Trust, Trust Agreement (Symmetry Panoramic Trust)