General Liabilities. Any general liabilities, expenses, costs, charges or reserves of the Trust or any Portfolio that are not readily identifiable as belonging to a particular Portfolio or any particular Class thereof shall be allocated and charged by the Trustees, between or among any one or more of the Portfolios or Classes in such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. Each allocation of liabilities, expenses, costs, charges and reserves by the Trustees shall be conclusive and binding upon the Shareholders of all Portfolios for all purposes in the absence of manifest error.
Appears in 6 contracts
Samples: Agreement and Declaration (Equinox Funds Trust), Agreement and Declaration (Equinox Funds Trust), Agreement and Declaration (Rivus Bond Fund)
General Liabilities. Any general liabilities, expenses, costs, charges or reserves of the Trust or any Portfolio that are not readily identifiable as belonging to a particular Portfolio or any particular Class thereof shall be allocated and charged by the Trustees, between or among any one or more of the Portfolios or Classes in such manner and on such basis as the Trustees in their sole discretion deem fair and equitable. Each allocation of liabilities, expenses, costs, charges and reserves by the Trustees shall be conclusive and binding upon the Shareholders of all Portfolios for all purposes in the absence of manifest error.
Appears in 6 contracts
Samples: The Agreement and Declaration (CRM Mutual Fund Trust), Agreement and Declaration of Trust (Wt Mutual Fund), Agreement and Declaration (Wt Mutual Fund)
