Establishment and Designation of Series or Classes Sample Clauses
The "Establishment and Designation of Series or Classes" clause defines the process by which a company can create and identify distinct groups of shares, each with specific rights, preferences, or restrictions. Typically, this clause outlines the authority of the board or shareholders to establish new series or classes, and details the procedures for designating their characteristics, such as voting rights, dividend entitlements, or liquidation preferences. Its core function is to provide flexibility in structuring equity, allowing the company to tailor share offerings to different investor needs or strategic objectives.
Establishment and Designation of Series or Classes. The establishment and designation of any Series or Class of Shares shall be effective upon the resolution by a majority of the then Board of Trustees, adopting a resolution which sets forth such establishment and designation and the relative rights and preferences of such Series or class. Each such resolution shall be incorporated herein by reference upon adoption. Each Series shall be separate and distinct from any other Series and shall maintain separate and distinct records on the books of the Trust, and the assets and liabilities belonging to any such Series shall be held and accounted for separately from the assets and liabilities of the Trust or any other Series. Shares of each Series or class established pursuant to this Section 4.2, unless otherwise provided in the resolution establishing such Series, shall have the following relative rights and preferences:
Establishment and Designation of Series or Classes. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Series, the Trustees hereby establish and designate the “▇▇▇▇▇▇▇▇ OASIS FUND” Series of Shares. The Shares of these Series and any Shares of any further Series or Class that may from time to time be established and designated by the Trustees shall (unless the Trustees otherwise determine with respect to some further Series or Class at the time of establishing and designating the same) have the following relative rights and preferences:
Establishment and Designation of Series or Classes. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Series, the Trustees hereby establish and designate one Series of Shares: the "Core Fund". The Shares of this Series and any Shares of any further Series or Class that may from time to time be established and designated by the Trustees shall (unless the Trustees otherwise determine with respect to some further Series or Class at the time of establishing and designating the same) have the following relative rights and preferences:
Establishment and Designation of Series or Classes. The establishment and designation of any Series or class of Shares shall be effective upon the resolution by a majority of the then Trustees, setting forth such establishment and designation and the relative rights an preferences of such Series or class, or as otherwise provided in such resolution. Shares of each Series or class established pursuant to this Section 6, unless otherwise provided in the resolution establishing such Series or class, shall have the following relative rights and preferences:
Establishment and Designation of Series or Classes. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Series and Classes, the Trustees hereby establish and designate the following Series and Classes: “Diamond Hill Small Cap Fund,” “Diamond Hill Small-Mid Cap Fund,” “Diamond Hill Mid Cap Fund,” “Diamond Hill Large Cap Fund,” “Diamond Hill Large Cap Concentrated Fund,” “Large Cap Concentrated ETF”, “Diamond Hill Select Fund,” “Diamond Hill Long-Short Fund,” “Diamond Hill International Fund,” “Diamond Hill Short Duration Securitized Bond Fund,” “Diamond Hill Core Bond Fund,” “Diamond Hill Core Plus Bond Fund,” and “Diamond Hill Securitized Total Return Fund,” and the following classes of Shares: Investor Class, Class I, Class Y, and ETF Shares. The Trust shall maintain separate and distinct records for each Series and hold and account for the assets thereof separately from the other assets of the Trust or of any other Series. A Series may issue any number of Shares and need not issue Shares. Notwithstanding anything contained herein to the contrary, the Trustees may in their sole discretion determine to issue Shares of any Series or Class only in lots of such aggregate number of Shares as shall be determined by the Trustees, to be called creation units or such other term as the Trustees shall determine (as so defined, “Creation Units”), and in connection with the issuance of such Creation Units, to charge such transaction fees or other fees as the Trustees shall determine, provided however that the Trustees may from time to time, in their sole discretion determine to alter the number of Shares constituting a Creation Unit. Each Share of a Series shall represent an equal beneficial interest in the net assets of such Series. Each holder of Shares of a Series or Class shall be entitled to receive their pro rata share of all distributions made with respect to such Series or Class. Upon redemption of their Shares, such Shareholder shall be paid solely out of the funds and property of such Series. The Trustees may change the name of any Series or Class. At any time that there are no Shares outstanding of any particular Series (or Class) previously established and designated, the Trustees may by a majority vote abolish that Series (or Class) and rescind the establishment and designation thereof. The Shares of those Series and Classes listed above, and any Shares of any further Series or Class that may from time to time be established and designated by the T...
Establishment and Designation of Series or Classes. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Series, the Trustees hereby establish and designate the “SYCUAN US VALUE FUND” Series of Shares. The Shares of these Series and any Shares of any further Series or Class that may from time to time be established and designated by the Trustees shall (unless the Trustees otherwise determine with respect to some further Series or Class at the time of establishing and designating the same) have the following relative rights and preferences: ____________________________________________________________________________________
Establishment and Designation of Series or Classes. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Series, the Trustees hereby establish and designate one Series of Shares: the "▇▇▇▇▇ Balanced Fund." The Shares of these Series and any Shares of any further Series or Class that may from time to time be established and designated by the Trustees shall (unless the Trustees otherwise determine with respect to some further Series or Class at the time of establishing and designating the same) have the following relative rights and preferences:
Establishment and Designation of Series or Classes. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Series, the Trustees hereby establish and designate four Series of Shares: the "Starwood Strategic Fund", the "Laidlaw Fund," the "First Lexingt▇▇ ▇▇▇anced Fund" and the "Taxable Money Market Fund." The Shares of these Series and any Shares of any further Series or Class that may from time to time be established and designated by the Trustees shall (unless the Trustees otherwise determine with respect to some further Series or Class at the time of establishing and designating the same) have the following relative rights and preferences:
Establishment and Designation of Series or Classes. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Series, the Trustees hereby establish and designate one Series of Shares: the "Star Select REIT-Plus Fund." The Shares of this Series and any Shares of any further Series or Class that may from time to time be established and designated by the Trustees shall (unless the Trustees otherwise determine with respect to some further Series or Class at the time of establishing and designating the same) have the following relative rights and preferences:
Establishment and Designation of Series or Classes. Without limiting the authority of the Trustees set forth in Section 4.1 to establish and designate any further Series, the Trustees hereby establish and designate six Series of Shares: the "Foxhall Balanced Growth Portfolio," "Wells S&P REIT Inde▇ ▇▇▇tfolio," "Amerigo Portfolio," "▇▇▇omac OTC Plus Portfolio," "Access U.S.