Common use of Reserves Clause in Contracts

Reserves. The Trustees may set apart, from time to time, out of any funds of the Trust or Series or out of funds allocable to a Class thereof a reserve or reserves for any proper purpose, and may abolish any such reserve.

Appears in 78 contracts

Sources: Trust Agreement (PowerShares Exchange-Traded Self-Indexed Fund Trust), Trust Agreement (Hartford Funds Exchange-Traded Trust), Trust Agreement (Hartford Funds Master Fund)

Reserves. The Trustees may set apart, from time to time, out of any funds of the Trust or Series or out of funds allocable to a Class thereof a reserve or reserves for any proper purpose, and may abolish any such reserve.

Appears in 16 contracts

Sources: Agreement and Declaration of Trust (Global X Venture Fund), Agreement and Declaration of Trust (Virtus Global Credit Opportunities Fund), Agreement and Declaration of Trust (Virtus Global Credit Opportunities Fund)

Reserves. The Trustees may set apart, from time to time, out of any funds of the Trust or Series or out of funds allocable to a Class thereof a reserve or reserves for any proper purpose, and may abolish any such reserve.

Appears in 3 contracts

Sources: Agreement and Declaration of Trust (BNY Mellon ETF Trust II), Agreement and Declaration of Trust (BNY Mellon ETF Trust II), Trust Agreement (BNY Mellon ETF Trust II)

Reserves. The Trustees may set apart, from time to time, out of any funds of the Trust or Series or out of funds allocable to a Class thereof a reserve or reserves for any proper purpose, and may abolish any such reserve.

Appears in 2 contracts

Sources: Agreement and Declaration of Trust (FNEX Ventures), Trust Agreement (PRISM Multi Strategy Fund)

Reserves. The Trustees may set apart, from time to time, out of any funds of the Trust or Series or out of funds allocable to a Class thereof a reserve or reserves for any proper purpose, and may abolish any such reserve.

Appears in 1 contract

Sources: Trust Agreement (Pioneer CoreTrust I)

Reserves. The Trustees may set apart, from time to time, out of any funds of the Trust or Series or out of funds allocable to a Class thereof a reserve or reserves for any proper purpose, and may abolish any such reserve.

Appears in 1 contract

Sources: Trust Agreement (Transamerica AUIM Opportunistic Bond)