Common use of Ownership of Assets of the Trust Clause in Contracts

Ownership of Assets of the Trust. (a) Legal title to all of the Trust Property shall at all times be vested in the Trust as a separate legal entity, except that the Trustees may cause legal title to any Trust Property to be held by, or in the name of, one or more of the Trustees acting for and on behalf of the Trust, or in the name of any Person as nominee acting for and on behalf of the Trust. No Shareholder shall be deemed to have a severable ownership interest in any individual asset of the Trust or of any Series or Class, or any right of partition or possession thereof, but each Shareholder shall have, except as otherwise provided for herein, a proportionate undivided beneficial interest in each Series or Class of Shares which are owned by such Shareholder. The Trust, or at the determination of the Trustees, one or more of the Trustees or a nominee acting for and on behalf of the Trust, shall be deemed to hold legal title and beneficial ownership of any income earned on securities held by the Trust which have been issued by any business entities formed, organized, or existing under the laws of any jurisdiction, including the laws of any foreign country.

Ownership of Assets of the Trust. (a) Legal title to in and beneficial ownership of all of the assets of the Trust Property shall at all times be considered as vested in the Trust as a separate legal entityTrust, except that the Trustees may cause legal title to in and beneficial ownership of any Trust Property to be held by, or in the name of, of one or more of the Trustees acting for and on behalf of the Trust, or in the name of any Person person as nominee acting for and on behalf of the Trust. No Shareholder shall be deemed to have a severable ownership interest in any individual asset of the Trust or of any Series or ClassTrust, or any right of partition or possession thereof, but each Shareholder shall have, except as otherwise provided for herein, a proportionate undivided beneficial interest in each Series or Class of the Trust. The Shares which are owned by such Shareholdershall be personal property giving only the rights specifically set forth in this Trust Instrument. The Trust, or at the determination of the Trustees, one or more of the Trustees or a nominee acting for and on behalf of the Trust, shall be deemed to hold legal title and beneficial ownership of any income earned on securities held by of the Trust which have been issued by any business entities formed, organized, or existing under the laws of any jurisdiction, including the laws of any foreign country.

Ownership of Assets of the Trust. (a) Legal title to in and beneficial ownership of all of the assets of the Trust Property shall at all times be considered as vested in the Trust as a separate legal entityTrust, except that the Trustees may cause legal title to in and beneficial ownership of any Trust Property to be held by, or in the name of, of one or more of the Trustees acting for and on behalf of the Trust, or in the name of any Person person as nominee acting for and on behalf of the Trust. No Shareholder shall be deemed to have a severable ownership interest in any individual asset of the Trust or of any Series or Class, or any right of partition or possession thereof, but each Shareholder shall have, except as otherwise provided for herein, a proportionate undivided beneficial interest in each Series or Class the Shares of Shares which are owned by such ShareholderShareholders. The Shares shall be personal property giving only the rights specifically set forth in this Trust Instrument. The Trust, or at the determination of the Trustees, one or more of the Trustees or a nominee acting for and on behalf of the Trust, shall be deemed to hold legal title and beneficial ownership of any income earned on securities held by of the Trust which have been issued by any business entities formed, organized, or existing under the laws of any jurisdiction, including the laws of any foreign country.

Ownership of Assets of the Trust. (a) Legal title to all of the Trust Property shall at all times be vested in the Trust as a separate legal entity, except that the Trustees may cause legal title to any Trust Property to be held by, or in the name of, of one or more of the Trustees acting for and on behalf of the Trust, or in the name of any Person person as nominee acting for and on behalf of the Trust. No Shareholder shall be deemed to have a severable ownership interest in any individual asset of the Trust or of any Series or Class, or any right of partition or possession thereof, but each Shareholder shall have, except as otherwise provided for herein, a proportionate undivided beneficial interest in each Series or Class the Shares of Shares which are owned by such Shareholder. The Trust, or at the determination of the Trustees, one or more of the Trustees or a nominee acting for and on behalf of the Trust, shall be deemed to hold legal title and beneficial ownership of any income earned on securities held by of the Trust which have been issued by any business entities formed, organized, or existing under the laws of any jurisdiction, including the laws of any foreign country.

Ownership of Assets of the Trust. (a) Legal title to in and beneficial ownership of all of the assets of the Trust Property shall at all times be considered as vested in the Trust as a separate legal entityTrust, except that the Trustees may cause legal title to in and beneficial ownership of any Trust Property to be held by, or in the name of, of one or more of the Trustees acting for and on behalf of the Trust, or in the name of any Person person as nominee acting for and on behalf of the Trust. No Shareholder shall be deemed to have a severable ownership interest in any individual asset of the Trust or of any Series or Class, or any right of partition or possession thereof, but each Shareholder shall have, except as otherwise provided for herein, a proportionate undivided beneficial interest in each Series or Class of the Trust. The Shares which are owned by such Shareholdershall be personal property giving only the rights specifically set forth in this Trust Instrument. The Trust, or at the determination of the Trustees, Trustees one or more of the Trustees or a nominee acting for and on behalf of the Trust, shall be deemed to hold legal title and beneficial ownership of any income earned on securities held by of the Trust which have been issued by any business entities formed, organized, or existing under the laws of any jurisdiction, including the laws of any foreign country.

Ownership of Assets of the Trust. (a) Legal title to in and beneficial ownership of all of the assets of the Trust Property shall at all times be considered as vested in the Trust as a separate legal entityTrust, except that the Trustees may cause legal title to in and beneficial owner­ship of any Trust Property to be held by, or in the name of, of one or more of the Trustees acting for and on behalf of the Trust, or in the name of any Person person as nominee acting for and on behalf of the Trust. No Shareholder shall be deemed to have a severable ownership interest in any individual asset of the Trust or of any Series or Class, or any right of partition or possession thereof, but each Shareholder shall have, except as otherwise provided for herein, a proportionate undivided beneficial interest in each Series or Class the Shares of Shares which are owned by such ShareholderShareholders. The Shares shall be personal property giving only the rights specifically set forth in this Trust Instrument. The Trust, or at the determination of the Trustees, one or more of the Trustees or a nominee acting for and on behalf of the Trust, shall be deemed to hold legal title and beneficial ownership of any income earned on securities held by of the Trust which have been issued by any business entities formed, organized, or existing under the laws of any jurisdiction, including the laws of any foreign country.

Ownership of Assets of the Trust. (a) Legal title to in and beneficial ownership of all of the assets of the Trust Property shall at all times be considered as vested in the Trust as a separate legal entityTrust, except that the Trustees may cause legal title to in and beneficial ownership of any Trust Property to be held by, or in the name of, of one or more of the Trustees acting for and on behalf of the Trust, or in the name of any Person person as nominee acting for and on behalf of the Trust. No Shareholder shall be deemed to have a severable ownership interest in any individual asset of the Trust or of any Series or Class, or any right of partition or possession thereof, but each Shareholder shall have, except as otherwise provided for herein, a proportionate undivided beneficial interest in each Series or Class the Shares of Shares which are owned by such ShareholderShareholders. The Shares shall be personal property giving only the rights specifically set forth in this Trust Instrument. The Trust, or at the determination of the Trustees, one or more of the Trustees or a nominee acting for and on behalf of the Trust, shall be deemed to hold legal title and beneficial ownership of any income earned on securities held by of the Trust which have been issued by any business entities formed, organized, or existing under the laws of any jurisdiction, including the laws of any foreign country.

Ownership of Assets of the Trust. (a) Legal title to in and beneficial ownership of all of the assets of the Trust Property shall at all times be considered as vested in the Trust as a separate legal entityTrust, except that the Trustees may cause legal title to in and beneficial ownership of any Trust Property to be held by, or in the name of, of one or more of the Trustees acting for and on behalf of the Trust, or in the name of any Person person as nominee acting for and on behalf of the Trust. No Shareholder shall be deemed to have a severable ownership interest in any individual asset of the Trust or of any Series Portfolio or Class, or any right of partition or possession thereof, but each Shareholder shall have, except as otherwise provided for herein, a proportionate undivided beneficial interest in each Series Portfolio or Class the Shares of Shares which are owned by such ShareholderShareholders. The Shares shall be personal property giving only the rights specifically set forth in this Declaration of Trust. The Trust, or at the determination of the Trustees, one or more of the Trustees or a nominee acting for and on behalf of the Trust, shall be deemed to hold legal title and beneficial ownership of any income earned on securities held by of the Trust which have been issued by any business entities formed, organized, or existing under the laws of any jurisdiction, including the laws of any foreign country.. Section 3.8

Ownership of Assets of the Trust. (a) Legal title to in and beneficial ownership of all of the assets of the Trust Property shall at all times be considered as vested in the Trust as a separate legal entityTrust, except that the Trustees may cause legal title to in and beneficial owner­ship of any Trust Property to be held by, or in the name of, of one or more of the Trustees acting for and on behalf of the Trust, or in the name of any Person person as nominee acting for and on behalf of the Trust. No Shareholder Unitholder shall be deemed to have a severable ownership interest in any individual asset of the Trust or of any Series or ClassTrust, or any right of partition or possession thereof, but each Shareholder Unitholder shall have, except as otherwise provided for herein, a proportionate undivided beneficial interest in each Series or Class of Shares which are owned by such Shareholderthe Units. The Units shall be personal property giving only the rights specifically set forth in this Trust Instrument. The Trust, or at the determination of the Trustees, one or more of the Trustees or a nominee acting for and on behalf of the Trust, shall be deemed to hold legal title and beneficial ownership of any income earned on securities held by of the Trust which have been issued by any business entities formed, organized, or existing under the laws of any jurisdiction, including the laws of any foreign country.

Ownership of Assets of the Trust. (a) Legal title to in and beneficial ownership of all of the assets of the Trust Property shall at all times be considered as vested in the Trust as a separate legal entityTrust, except that the Trustees may cause legal title to in and beneficial ownership of any Trust Property to be held by, or in the name of, of one or more of the Trustees acting for and on behalf of the Trust, or in the name of any Person person as nominee acting for and on behalf of the Trust. No Shareholder shall be deemed to have a severable ownership interest in any individual asset of the Trust or of any Series Portfolio or Class, or any right of partition or possession thereof, but each Shareholder shall have, except as otherwise provided for herein, a proportionate undivided beneficial interest in each Series Portfolio or Class the Shares of Shares which are owned by such ShareholderShareholders. The Shares shall be personal property giving only the rights specifically set forth in this Declaration of Trust. The Trust, or at the determination of the Trustees, one or more of the Trustees or a nominee acting for and on behalf of the Trust, shall be deemed to hold legal title and beneficial ownership of any income earned on securities held by of the Trust which have been issued by any business entities formed, organized, or existing under the laws of any jurisdiction, including the laws of any foreign country.

Ownership of Assets of the Trust. (a) Legal title to in and beneficial ownership of all of the assets of the Trust Property shall at all times be considered as vested in the Trust as a separate legal entityTrust, except that the Trustees may cause legal title to in and beneficial ownership of any Trust Property to be held by, or in the name of, of one or more of the Trustees acting for and on behalf of the Trust, or in the name of any Person person as nominee acting for and on behalf of the Trust. No Shareholder shall be deemed to have a severable ownership interest in any individual asset of the Trust or of any Series or Class, or any right of partition or possession thereof, but each Shareholder shall have, except as otherwise provided for herein, a proportionate undivided beneficial interest in each Series or Class the Shares of Shares which are owned by such ShareholderShareholders. The Shares shall be personal property giving only the rights specifically set forth in this Trust Instrument. The Trust, or at the determination of the Trustees, one or more of the Trustees or a nominee acting for and on behalf of the Trust, shall be deemed to hold legal title and beneficial ownership of any income earned on securities held by of the Trust which have been issued by any business entities formed, organized, or existing under the laws of any jurisdiction, including the laws of any foreign country.. 2.22

Ownership of Assets of the Trust. (a) Legal title to in and beneficial ownership of all of the assets of the Trust Property shall at all times be considered as vested in the Trust as a separate legal entityTrust, except that the Trustees may cause legal title to in and beneficial ownership of any Trust Property to be held by, or in the name of, of one or more of the Trustees acting for and on behalf of the Trust, or in the name of any Person person as nominee acting for and on behalf of the Trust. No Shareholder Unitholder shall be deemed to have a severable ownership interest in any individual asset of the Trust or of any Series or ClassTrust, or any right of partition or possession thereof, but each Shareholder Unitholder shall have, except as otherwise provided for herein, a proportionate undivided beneficial interest in each Series or Class of Shares which are owned by such Shareholderthe Units. The Units shall be personal property giving only the rights specifically set forth in this Trust Instrument. The Trust, or at the determination of the Trustees, one or more of the Trustees or a nominee acting for and on behalf of the Trust, shall be deemed to hold legal title and beneficial ownership of any income earned on securities held by of the Trust which have been issued by any business entities formed, organized, or existing under the laws of any jurisdiction, including the laws of any foreign country.

Ownership of Assets of the Trust. (a) Legal title to in and beneficial ownership of all of the assets of the Trust Property shall at all times be considered as vested in the Trust as a separate legal entityTrust, except that the Trustees may cause legal title to in and beneficial owner-ship of any Trust Property to be held by, or in the name of, of one or more of the Trustees acting for and on behalf of the Trust, or in the name of any Person person as nominee acting for and on behalf of the Trust. No Shareholder shall be deemed to have a severable ownership interest in any individual asset of the Trust or of any Series or ClassTrust, or any right of partition or possession thereof, but each Shareholder shall have, except as otherwise provided for herein, a proportionate undivided beneficial interest in each Series or Class of the Trust. The Shares which are owned by such Shareholdershall be personal property giving only the rights specifically set forth in this Trust Instrument. The Trust, or at the determination of the Trustees, one or more of the Trustees or a nominee acting for and on behalf of the Trust, shall be deemed to hold legal title and beneficial ownership of any income earned on securities held by of the Trust which have been issued by any business entities formed, organized, or existing under the laws of any jurisdiction, including the laws of any foreign country.