Combination of Series Sample Clauses
The Combination of Series clause defines the conditions under which two or more separate series, such as financial instruments or contractual obligations, may be merged or treated as a single entity. In practice, this clause outlines the procedural steps, approvals, and criteria required for combining series, such as obtaining consent from relevant parties or meeting specific financial thresholds. Its core function is to provide a clear framework for consolidating series, thereby streamlining administration and reducing complexity in managing multiple related obligations or assets.
Combination of Series. The Trustees shall have the authority, without the approval of the Shareholders of any Series unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series into assets and liabilities held with respect to a single Series.
Combination of Series. The Board of Trustees shall have the authority, without the approval of the Shareholders of any Series unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series into assets and liabilities held with respect to a single Series; PROVIDED that upon completion of such combination of Series, the proportionate interest of each Shareholder, in the assets and liabilities held with respect to the combined Series shall equal the proportionate interest of each such Shareholder in the assets and liabilities held with respect to each Series that was combined.
Combination of Series. The Trustees shall have the authority, without the approval of the Shareholders of any Series unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more series into assets and liabilities held with respect to a single series.
Combination of Series. The Board of Trustees shall have the authority, without the approval of the Shareholders of any Series unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series into assets and liabilities held with respect to a single Series; provided that upon completion of such combination of Series, the proportionate interest of each Shareholder of each Series that is combined, in the assets and liabilities held with respect to the combined Series shall equal the proportionate interest that each such Shareholder held in the assets and liabilities held with respect to the particular Series that is combined.
Combination of Series. The Directors shall have the authority, without the approval of the Shareholders of any Series (or Class) unless otherwise required by applicable law, to combine the assets and liabilities belonging to any two or more Series (or Classes) into assets and liabilities belonging to a single Series (or Class).
Combination of Series. The Trustees shall have the authority, without the approval of the Shareholders of any Series unless otherwise required by applicable federal law, to combine the assets and liabilities held with respect to any two or more Series into assets and liabilities held with respect to a single Series. Elimination of Series. At any time that there are no Shares outstanding of a Series (or class), the Trustees may abolish such Series (or class).
Combination of Series. The Board of Directors shall have the authority, without the approval of the Investors of any Series unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series into assets and liabilities held with respect to a single Series; provided that upon completion of such combination of Series, the proportionate interest of each Investor of each Series that is combined, in the assets and liabilities held with respect to the combined Series shall equal the proportionate interest that each such Investor held in the assets and liabilities held with respect to the particular Series that was combined.
Combination of Series. 12 (i) Elimination of Series ................................................................12 Section 7.
Combination of Series. 10 (i) DISSOLUTION OR TERMINATION .......................10
Combination of Series. The Trustees shall have the authority to combine the assets and liabilities held with respect to any two or more Series (or classes) into assets and liabilities held with respect to a single Series (or class).