Common use of Assets Belonging to Sub-Trusts Clause in Contracts

Assets Belonging to Sub-Trusts. All consideration received by the Trust for the issue or sale of Shares of a particular Sub-Trust or any classes thereof, all assets in which the consideration is invested, and proceeds from the sale, exchange or liquidation thereof, all income earnings, profits and proceeds from those assets and any items allocated to the Sub-Trust or class thereof by the Trustees shall be held in trust by the Trustees for the benefit of the Shareholders of that Sub-Trust or class thereof shall irrevocably belong to that Sub-Trust (and be allocable to any classes thereof) and shall be recorded on the books of account of the Trust as assets belonging to that Sub-Trust. The Trustees may, in a manner they deem fair and equitable, allocate among the Sub-Trusts any items which are not readily identifiable to any one particular Sub-Trust (and allocable to any classes thereof). Each allocation shall be binding upon the Shareholders of the Trust.

Assets Belonging to Sub-Trusts. All consideration received by the Trust for the issue or sale of Shares of a particular Sub-Trust or any classes thereof, all assets in which the consideration is invested, and proceeds from the sale, exchange or liquidation thereof, all income earnings, profits and proceeds from those assets and any items allocated to the Sub-Trust or class thereof by the Trustees shall be held in trust by the Trustees for the benefit of the Shareholders of that Sub-Trust or class thereof shall irrevocably belong to that Sub-Trust (and be allocable to any classes thereof) and shall be recorded on the books of account of the Trust as assets belonging to that Sub-Trust. The Trustees may, in a manner they deem fair and equitable, allocate among the Sub-Trusts any items which are not readily identifiable to any one particular Sub-Trust (and allocable to any classes thereof)thereon. Each allocation shall be binding upon the Shareholders of the Trust.

Assets Belonging to Sub-Trusts. All consideration received by the Trust for the issue or sale of Shares of a particular Sub-Trust or any classes thereof, all assets in which the consideration is invested, and proceeds from the sale, exchange or liquidation thereof, all income earnings, profits and proceeds from those assets and any items allocated to the Sub-Trust or class thereof by the Trustees shall be held in trust by the Trustees for the benefit of the Shareholders of that Sub-Trust or class thereof thereof, shall irrevocably belong to that Sub-Trust (and be allocable to any classes thereof) ), and shall be recorded on the books of account of the Trust as assets belonging to that Sub-Trust. The Trustees may, in a manner they deem fair and equitable, allocate among the Sub-Trusts any items which are not readily identifiable to any one particular Sub-Trust (and allocable to any classes thereof). Each allocation shall be binding upon the Shareholders of the Trust.