Common use of Classes of a Series Clause in Contracts

Classes of a Series. The Trustees may in their discretion, without a vote of Shareholders, classify or reclassify any unissued Shares of any Series, or any Shares of any Series previously issued and reacquired by the Trust (including in either case any Shares of the Xxxxx China-U.S. Growth Fund established and designated by Section 6.2. hereof), whether or not the Shares of such Series had theretofore been divided into Classes, into any number of additional Classes of such Series. The different Classes of a Series shall represent interests in the Trust Property of that Series, and shall be identical, except that the Trustees may provide that (i) expenses related directly or indirectly to the distribution of the Shares of a particular Class (as shall be determined by the Trustees) shall be borne solely by such Class, and (ii) Shares of the separate Classes may be subject to different sales charges, rights of redemption and the price, terms and manner of redemption, special and relative rights as to dividends and other distributions and on liquidation, and may be made convertible, either after the lapse of time or upon the occurrence of specific events, and either automatically or at the election of the holder thereof, into Shares of a different Class of the same Series.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Alger China-Us Growth Fund), Agreement and Declaration of Trust (Alger China-Us Growth Fund), Alger Funds

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Classes of a Series. The Trustees may in their discretion, without a vote of Shareholders, classify or reclassify any unissued Shares of any Series, or any Shares of any Series previously issued and reacquired by the Trust (including in either case any Shares of the Xxxxx China-U.S. Global China Growth Fund established and designated by Section 6.2. SECTION 6.2 hereof), whether or not the Shares of such Series had theretofore been divided into Classes, into any number of additional Classes of such Series. The different Classes of a Series shall represent interests in the Trust Property of that Series, and shall be identical, except that the Trustees may provide that (i) expenses related directly or indirectly to the distribution of the Shares of a particular Class (as shall be determined by the Trustees) shall be borne solely by such Class, and (ii) Shares of the separate Classes may be subject to different sales charges, rights of redemption and the price, terms and manner of redemption, special and relative rights as to dividends and other distributions and on liquidation, and may be made convertible, either after the lapse of time or upon the occurrence of specific events, and either automatically or at the election of the holder thereof, into Shares of a different Class of the same Series.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Global China Growth Fund)

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