Common use of Class Designation Clause in Contracts

Class Designation. The Trustees, in their discretion from time to time, may authorize the reclassification of Shares of any Series into one or more Classes of Shares all the assets of which Series shall remain commingled and not allocated among the different Classes thereof. The Trustees shall have exclusive power without the requirement of Shareholder approval to establish and designate such separate and distinct Classes and to fix and determine the relative rights, terms, conditions and expenses applicable to each Class of Shares to the maximum extent permitted by the 0000 Xxx. The establishment and designation of any Class of Shares shall be effective upon the execution or approval by a majority of the Trustees of an instrument or resolution setting forth the establishment and designation of such Class (or when authorized to do so, by an officer of the Trust pursuant to the vote of a majority of the Trustees of the Trust). At any time that there are no Shares outstanding of any particular Class previously established and designated, the Trustees may, by an instrument or resolution executed or approved by a majority of the Trustees, abolish or alter that Class and the establishment and designation thereof.

Class Designation. The Trustees, in their discretion from time to time, may authorize the reclassification of Shares of any Series into one or more Classes of Shares Shares, all the assets of which Series shall remain commingled and not allocated among the different Classes thereof. The Trustees shall have exclusive power without the requirement of Shareholder approval to establish and designate such separate and distinct Classes and to fix and determine the relative rights, terms, conditions and expenses applicable to each Class of Shares to the maximum extent permitted by the 0000 Xxx. The establishment and designation of any Class of Shares shall be effective upon the execution or approval by a majority of the Trustees of an instrument or resolution setting forth the establishment and designation of such Class (or when authorized to do so, by an officer of the Trust pursuant to the vote of a majority of the Trustees of the Trust). At any time that there are no Shares outstanding of any particular Class previously established and designated, the Trustees may, by an instrument or resolution executed or approved by a majority of the Trustees, abolish or alter that Class and the establishment and designation thereof.

Class Designation. The Trustees, in their discretion from time ----------------- to time, may authorize the reclassification of Shares of any Series into one or more Classes of Shares all the assets of which Series shall remain commingled and not allocated among the different Classes thereof. The Trustees shall have exclusive power without the requirement of Shareholder approval to establish and designate such separate and distinct Classes and to fix and determine the relative rights, terms, conditions and expenses applicable to each Class of Shares to the maximum extent permitted by the 0000 Xxx1940 Act. The establishment and designation xxx xxsignation of any Class of Shares shall be effective upon the execution or approval by a majority of the Trustees of an instrument or resolution setting forth the establishment and designation of such Class (or when authorized to do so, by an officer of the Trust pursuant to the vote of a majority of the Trustees of the Trust). At any time that there are no Shares outstanding outstand ing of any particular Class previously established and designated, the Trustees may, by an instrument or resolution executed or approved by a majority of the Trustees, abolish or alter that Class and the establishment and designation thereof.

Class Designation. The Trustees, in their discretion from time to time, may authorize the reclassification of Shares of any Series into one or more Classes of Shares all the assets of which Series shall remain commingled and not allocated among the different Classes thereof. The Trustees shall have exclusive power without the requirement of Shareholder approval to establish and designate such separate and distinct Classes and to fix and determine the relative rights, terms, conditions and expenses applicable to each Class of Shares to the maximum extent permitted by the 0000 Xxx1940 Act. The establishment and designation of any Class of Shares Xxxxxx shall be effective upon the execution or approval by a majority of the Trustees of an instrument or resolution setting forth the establishment and designation of such Class (or when authorized to do so, by an officer of the Trust pursuant to the vote of a majority of the Trustees of the Trust). At any time that there are no Shares outstanding outstand ing of any particular Class previously established and designated, the Trustees may, by an instrument or resolution executed or approved by a majority of the Trustees, abolish or alter that Class and the establishment and designation thereof.

Class Designation. The Trustees, in their discretion from time to time, may authorize the reclassification of Shares of any Series into one or more Classes of Shares all the assets of which Series shall remain commingled and not allocated among the different Classes thereof. The Trustees shall have exclusive power without the requirement of Shareholder approval to establish and designate such separate and distinct Classes and to fix and determine the relative rights, terms, conditions and expenses applicable to each Class of Shares to the maximum extent permitted by the 0000 Xxx1940 Act. The establishment and designation of any Class of Shares shall Sharex xxxxx be effective upon the execution or approval by a majority of the Trustees of an instrument or resolution setting forth the establishment and designation of such Class (or when authorized to do so, by an officer of the Trust pursuant to the vote of a majority of the Trustees of the Trust). At any time that there are no Shares outstanding of any particular Class previously established and designated, the Trustees may, by an instrument or resolution executed or approved by a majority of the Trustees, abolish or alter that Class and the establishment and designation thereof.

Class Designation. The Trustees, in their discretion from time to time, may authorize the reclassification of Shares of any Series into one or more Classes of Shares all the assets of which Series shall remain commingled and not allocated among the different Classes thereof. The Trustees shall have exclusive power without the requirement of Shareholder approval to establish and designate such separate and distinct Classes and to fix and determine the relative rights, terms, conditions and expenses applicable to each Class of Shares to the maximum extent permitted by the 0000 Xxx1940 Act. The establishment and designation of any Class of Shares shall be xxxxx xe effective upon the execution or approval by a majority of the Trustees of an instrument or resolution setting forth the establishment and designation of such Class (or when authorized to do so, by an officer of the Trust pursuant to the vote of a majority of the Trustees of the Trust). At any time that there are no Shares outstanding of any particular Class previously established and designated, the Trustees may, by an instrument or resolution executed or approved by a majority of the Trustees, abolish or alter that Class and the establishment and designation thereof.

Class Designation. The Trustees, in their discretion from time to time, may authorize the reclassification of Shares of any Series into one or more Classes of Shares all the assets of which Series shall remain commingled and not allocated among the different Classes thereof. The Trustees shall have exclusive power without the requirement of Shareholder approval to establish and designate such separate and distinct Classes and to fix and determine the relative rights, terms, conditions and expenses applicable to each Class of Shares to the maximum extent permitted by the 0000 Xxx1940 Act. The establishment and designation of any Class of Shares shall be effective upon the execution or approval by a majority of the Trustees of an instrument or resolution setting forth the establishment and designation of such Class (or when authorized to do so, by an officer of the Trust pursuant to the vote of a majority of the Trustees of the Trust). At any time that there are no Shares outstanding of any particular Class previously established and designated, the Trustees may, by an instrument or resolution executed or approved by a majority of the Trustees, abolish or alter that Class and the establishment and designation thereof.. 6.4

Class Designation. The Trustees, in their discretion from time to time, may authorize the reclassification of Shares of any Series into one or more Classes of Shares Shares, all the assets of which Series shall remain commingled and not allocated among the different Classes thereof. The Trustees shall have exclusive power without the requirement of Shareholder approval to establish and designate such separate and distinct Classes and to fix and determine the relative rights, terms, conditions and expenses applicable to each Class of Shares to the maximum extent permitted by the 0000 Xxx. The establishment and designation of any Class of Shares shall be effective upon the execution or approval by a majority of the Trustees of an instrument or resolution setting forth the establishment and designation of such Class (or when authorized to do so, by an officer of the Trust pursuant to the vote of a majority of the Trustees of the Trust). At any time that there are no Shares outstanding of any particular Class previously established and designated, the Trustees may, by an instrument or resolution executed or approved by a majority maj ority of the Trustees, abolish or alter that Class and the establishment and designation thereof.