Issuance of Series of Shares Clause Samples
The 'Issuance of Series of Shares' clause defines the company's authority and process for creating and distributing new series of shares within its share capital structure. Typically, this clause outlines the conditions under which the board of directors may authorize new series, the rights and preferences attached to each series, and any required approvals from shareholders or regulatory bodies. By establishing clear procedures and limitations for issuing new share series, this clause ensures flexibility in capital raising while protecting existing shareholders from unexpected dilution or changes in control.
Issuance of Series of Shares. If the Fund shall at any time issue shares in more than one series, this Agreement may be adopted, amended, continued or renewed with respect to a series as provided herein, notwithstanding that such adoption, amendment, continuance or renewal has not been effected with respect to any one or more other series of the Fund.
Issuance of Series of Shares. If the Trust shall at any time issue shares in more than one series, this Agreement may be adopted, amended, continued or renewed with respect to a series as provided herein, notwithstanding that such adoption, amendment, continuance or renewal has not been effected with respect to any one or more other series of the Trust.
Issuance of Series of Shares. This Agreement may be adopted, amended, continued or renewed with respect to an additional series of shares as provided herein, notwithstanding that such adoption, amendment, continuance or renewal has not been effected with respect to any one or more other series of shares of the Series.