Common use of Termination of a Series Clause in Contracts

Termination of a Series. Any Series may be terminated by the affirmative vote of at least a majority of the Shares of such Series outstanding or, when authorized by a Series Majority Shareholder Vote, by an instrument in writing signed by a majority of the Trustees. Upon the termination of a Series, the Series shall carry on no business except for the purpose of winding up its affairs, and the Trustees shall proceed to wind up the affairs of the Series, having with respect to such Series all powers contemplated by Section VIII.1 of this Declaration in the event of the termination of the Trust. At any time that there are no Shares outstanding of any particular Series previously established, the Trustees may, by an instrument executed by a majority of their number, abolish the Series.

Termination of a Series. Any Series may be terminated by the affirmative vote of at least a majority two-thirds of the Shares of such Series outstanding or, when authorized by a Series Majority Shareholder Vote, by an instrument in writing signed by a majority of the Trustees. Upon the termination of a Series, the Series shall carry on no business except for the purpose of winding up its affairs, and the Trustees shall proceed to wind up the affairs of the Series, having with respect to such Series all powers contemplated by Section VIII.1 9.1 of this Declaration in the event of the termination of the Trust. At any time that there are no Shares outstanding of any particular Series previously established, the Trustees may, by an instrument executed by a majority of their number, abolish the Series.

Termination of a Series. Any Series series may be terminated by the affirmative vote of at least a majority two-thirds of the Shares of such Series outstanding or, when authorized by a Series Majority Shareholder Vote, by an instrument in writing signed by a majority of the Trustees. Upon the termination of a Series, the Series shall carry on no business except for the purpose of winding up its affairs, and the Trustees shall proceed to wind up the affairs of the Series, having with respect to such Series all powers contemplated by Section VIII.1 8.1 of this Declaration in the event of the termination of the Trust. At any time that there are no Shares outstanding of any particular Series previously established, the Trustees may, may by an instrument executed by a majority of their number, abolish the Series.