Common use of Dividends, Distributions, Redemptions, and Repurchases Clause in Contracts

Dividends, Distributions, Redemptions, and Repurchases. No dividend or distribution including any distribution paid in connection with termination of the Trust or of any Series (or class) with respect to, or any redemption or repurchase of, the Shares of any Series (or class) shall be effected by the Trust other than from the assets held with respect to such Series, nor shall any Shareholder of any Series otherwise have any right or claim against the assets held with respect to any other Series except to the extent that such Shareholder has such a right or claim hereunder as a Shareholder of such other Series. The Trustees shall have full discretion to determine which items shall be treated as income and which items as capital; and each such determination and allocation shall be conclusive and binding upon the Shareholders in absence of manifest error.

Appears in 119 contracts

Samples: Agreement and Declaration (Vanguard Charlotte Funds), Agreement and Declaration (Vanguard Specialized Funds), Vanguard World Fund (Vanguard World Fund)

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Dividends, Distributions, Redemptions, and Repurchases. No dividend or distribution including including, without limitation, any distribution paid in connection with upon termination of the Trust or of any Series (or class) with respect to, or any redemption or repurchase of, the Shares of any Series (or class) shall be effected by the Trust other than from the assets held with respect to such Series, nor shall any Shareholder of any Series otherwise have any right or claim against the assets held with respect to any other Series except to the extent that such Shareholder has such a right or claim hereunder as a Shareholder of such other Series. The Trustees shall have full discretion to determine which items shall be treated as income and which items as capital; and each such determination and allocation shall be conclusive and binding upon the Shareholders in absence of manifest error.

Appears in 10 contracts

Samples: Agreement and Declaration (WST Investment Trust), Agreement and Declaration of Trust (Congressional Effect Family of Funds), Agreement and Declaration of Trust (BPV Family of Funds)

Dividends, Distributions, Redemptions, and Repurchases. No dividend or distribution including including, without limitation, any distribution paid in connection with upon termination of the Trust or of any Series (or class) with respect to, or any redemption or repurchase of, the Shares of any Series (or class) shall be effected by the Trust other than from the assets held with respect to such Series, nor shall any Shareholder shareholder of any Series otherwise have any right or claim against the assets held with respect to any other Series except to the extent that such Shareholder has such a right or claim hereunder as a Shareholder of such other Series. The Trustees shall have full discretion to determine which items shall be treated as income and which items as capital; and each such determination and allocation shall be conclusive and binding upon the Shareholders in absence of manifest error.

Appears in 9 contracts

Samples: Agreement and Declaration of Trust (Ubs Funds), Agreement and Declaration of Trust (Ubs Funds), Agreement and Declaration of Trust (Ubs Funds)

Dividends, Distributions, Redemptions, and Repurchases. No dividend or distribution including including, without limitation, any distribution paid in connection with upon termination of the Trust or of any Series (or class) with respect to, or any redemption or repurchase of, the Shares of any Series (or class) shall be effected by the Trust other than from the assets held with respect to such Series, nor shall any Shareholder of any Series otherwise have any right or claim against the assets held with respect to any other Series except to the extent that such Shareholder has such a right or claim hereunder as a Shareholder of such other Series. The Trustees shall have full discretion to determine which items shall be treated as income and which items as capital; capital and each such determination and allocation shall be conclusive and binding upon the Shareholders in absence of manifest error.

Appears in 4 contracts

Samples: Agreement and Declaration of Trust (U.S. One Trust), And Restated Agreement and Declaration of Trust (Exchange Traded Concepts Trust), Agreement and Declaration of Trust (Russell Exchange Traded Funds Trust)

Dividends, Distributions, Redemptions, and Repurchases. No dividend or distribution including any distribution paid in connection with termination of the Trust or of any Series (or class) with respect to, or any redemption or repurchase of, the Shares of any Series (or class) shall be effected by the Trust other than from the assets held with respect to such Series, nor shall any Shareholder of any Series otherwise have any right or claim against the assets held with respect to any other Series except to the extent that such Shareholder has such a right or claim hereunder as a Shareholder of such other Series. The Trustees shall have full discretion to determine which items shall be treated as income and which items as capital; and each such determination and allocation shall be conclusive and binding upon the Shareholders in absence of manifest error.. (d)

Appears in 3 contracts

Samples: Agreement and Declaration (Vanguard Tax-Managed Funds), Instrument (Vanguard Montgomery Funds), Instrument (Vanguard Morgan Growth Fund)

Dividends, Distributions, Redemptions, and Repurchases. No dividend or ------------------------------------------------------------ distribution including including, without limitation, any distribution paid in connection with upon termination of the Trust or of any Series (or class) with respect to, or any redemption or repurchase of, the Shares of any Series (or class) shall be effected by the Trust other than from the assets held with respect to such Series, nor shall any Shareholder of any Series otherwise have any right or claim against the assets held with respect to any other Series except to the extent that such Shareholder has such a right or claim hereunder as a Shareholder of such other Series. The Trustees shall have full discretion to determine which items shall be treated as income and which items as capital; and each such determination and allocation shall be conclusive and binding upon the Shareholders in absence of manifest error.

Appears in 1 contract

Samples: Agreement and Declaration (Vanguard Asset Allocation Fund Inc)

Dividends, Distributions, Redemptions, and Repurchases. No ------------------------------------------------------ dividend or distribution including including, without limitation, any distribution paid in connection with upon termination of the Trust or of any Series (or class) with respect to, or any redemption or repurchase of, the Shares of any Series (or class) shall be effected by the Trust other than from the assets held with respect to such Series, nor shall any Shareholder of any Series otherwise have any right or claim against the assets held with respect to any other Series except to the extent that such Shareholder has such a right or claim hereunder as a Shareholder of such other Series. The Trustees shall have full discretion to determine which items shall be treated as income and which items as capital; capital and each such determination and allocation shall be conclusive and binding upon the Shareholders in absence of manifest error.

Appears in 1 contract

Samples: Agreement and Declaration (Vanguard Montgomery Funds)

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Dividends, Distributions, Redemptions, and Repurchases. No ------------------------------------------------------ dividend or distribution including including, without limitation, any distribution paid in connection with upon termination of the Trust or of any Series (or class) with respect to, or any redemption or repurchase of, the Shares of any Series (or class) shall be effected by the Trust other than from the assets held with respect to such Series, nor shall any Shareholder of any Series otherwise have any right or claim against the assets held with respect to any other Series except to the extent that such Shareholder has such a right or claim hereunder as a Shareholder of such other Series. The Trustees shall have full discretion to determine which items shall be treated as income and which items as capital; and each such determination and allocation shall be conclusive and binding upon the Shareholders in absence of manifest error.

Appears in 1 contract

Samples: First Mutual Funds

Dividends, Distributions, Redemptions, and Repurchases. No dividend ------------------------------------------------------ or distribution including including, without limitation, any distribution paid in connection with upon termination of the Trust or of any Series (or class) with respect to, or any redemption or repurchase of, the Shares of any Series (or class) shall be effected by the Trust other than from the assets held with respect to such Series, nor shall any Shareholder of any Series otherwise have any right or claim against the assets held with respect to any other Series except to the extent that such Shareholder has such a right or claim hereunder as a Shareholder of such other Series. The Trustees shall have full discretion to determine which items shall be treated as income and which items as capital; and each such determination and allocation shall be conclusive and binding upon the Shareholders in absence of manifest error.

Appears in 1 contract

Samples: Brazos Mutual Funds

Dividends, Distributions, Redemptions, and Repurchases. No dividend or distribution including including, without limitation, any distribution paid in connection with upon termination of the Trust or of any Series (or class) with respect to, or any redemption or repurchase of, the Shares of any Series (or class) shall be effected by the Trust other than from the assets held with respect to such Series, nor shall any Shareholder of any Series otherwise have any right or claim against the assets held with respect to any other Series except to the extent that such Shareholder has such a right or claim hereunder as a Shareholder of such other Series. The Trustees shall have full discretion to determine which items shall be treated as income and which items as capital; and each such determination and allocation shall be conclusive and binding upon the Shareholders in absence of manifest error.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Olden Lane Funds Trust)

Dividends, Distributions, Redemptions, and Repurchases. No dividend or -------------------------------------------------------- distribution including including, without limitation, any distribution paid in connection with upon termination of the Trust or of any Series (or class) with respect to, or any redemption or repurchase of, the Shares of any Series (or class) shall be effected by the Trust other than from the assets held with respect to such Series, nor shall any Shareholder of any Series otherwise have any right or claim against the assets held with respect to any other Series except to the extent that such Shareholder has such a right or claim hereunder as a Shareholder of such other Series. The Trustees shall have full discretion to determine which items shall be treated as income and which items as capital; and each such determination and allocation shall be conclusive and binding upon the Shareholders in absence of manifest error.

Appears in 1 contract

Samples: Vanguard Fixed Income Securities Fund Inc

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