{"component": "clause", "props": {"groups": [{"snippet": "The current Series of the Trust are set forth on Schedule A hereto. The Trustees may from time to time authorize the division of Shares into additional Series. The relative rights, preferences, privileges, limitations, restrictions and other relative terms of any Series shall be established and designated by the Trustees, and may be modified by the Trustees from time to time, upon and subject to the following provisions:\n(i) Subject to variations between Classes of Shares of a Series, all Shares shall be identical except that there may be such variations as shall be fixed and determined by the Trustees from time to time between different Series, including, without limitation, as to qualifications for ownership, minimum purchase amounts, minimum account size, purchase price, fees and expenses, redemptions, conversions and exchanges, and special and relative rights as to dividends and on liquidation, and each Series shall have such business purpose or investment objective as shall be determined by the Trustees. Each Share of a Series shall represent a beneficial interest in the net assets allocated or belonging to such Series only, and such interest shall not extend to the assets of the Trust generally (except to the extent that General Assets (as defined below) are allocated to such Series). All references to Shares in this Declaration shall be deemed to include references to Shares of any or all Series as the context may require.\n(ii) The number of authorized Shares of each Series and the number of Shares of each Series that may be issued shall be unlimited. The Trustees may divide or combine any issued or unissued Shares of any Series into a greater or lesser number; classify or reclassify any issued or unissued Shares into one or more Series; terminate any one or more Series; change the name of a Series; and take such other action with respect to the Series as the Trustees may deem desirable.\n(iii) All consideration received by the Trust for the issue or sale of Shares of a particular Series, together with all assets in which such consideration is invested or reinvested, all income, earnings, profits and proceeds thereof, including any proceeds derived from the sale, exchange or liquidation of such assets, and any funds or payments derived from any reinvestment of such proceeds in whatever form the same may be (collectively, the \"Assets\"), shall irrevocably belong to that Series for all purposes, subject only to the rights of creditors of such Series, and shall be so recorded upon the books of the Trust. Such Assets, together with any General Assets (as hereinafter defined) allocated to that Series as provided in the following sentence, are herein referred to as \"Assets belonging to\" that Series. In the event that there are any assets, income, earnings, profits or proceeds thereof, funds or payments which are not readily identifiable as Assets belonging to any particular Series (collectively, the \"General Assets\"), the Trustees shall allocate such General Assets to and among any one or more of the Series created from time to time in such manner and on such basis as they deem fair and equitable; and any General Assets allocated to a particular Series shall be Assets belonging to that Series. Each such allocation by the Trustees shall be conclusive and binding upon the Shareholders of all Series for all purposes. Separate and distinct records shall be maintained for each Series and the Assets belonging to each Series shall be held and accounted for in such separate and distinct records separately from the Assets belonging to all other Series and the General Assets of the Trust not allocated to such Series.\n(iv) The Assets belonging to a particular Series shall be charged with the debts, liabilities and obligations of the Trust in respect of that Series and with all expenses, costs, charges and reserves attributable to that Series (collectively, the \"Liabilities\"), which Liabilities shall be recorded upon the books of the Trust. Such Liabilities together with any General Liabilities (as hereinafter defined) allocated to that Series as provided in the following sentence, are herein referred to as \"Liabilities belonging to\" that Series. In the event there are any debts, liabilities, obligations, expenses, costs, charges or reserves of the Trust that are not readily identifiable as belonging to any particular Series (collectively, the \"General Liabilities\"), the Trustees shall allocate and charge such General Liabilities to and among any one or more of the Series created from time to time in such manner and on such basis as they deem fair and equitable; and any General Liabilities so allocated to a particular Series shall belong to that Series. Each such allocation by the Trustees shall be conclusive and binding upon all concerned for all purposes. Without limiting the foregoing, but subject to the right of the Trustees to allocate General Liabilities as herein provided, the Liabilities belonging to a particular Series shall be enforceable only against the Assets belonging to such Series and not against the assets of the Trust generally or against the Assets belonging to any other Series, and none of the General Liabilities incurred, contracted for or otherwise existing with respect to the Trust generally or any Liabilities incurred, contracted for or otherwise existing with respect to any other Series shall be enforceable against the Assets belonging to such Series. Notice of this contractual limitation on liabilities among Series shall be set forth in the Certificate of Trust (whether originally or by amendment) as filed or to be filed with the Secretary of State of the State of Delaware pursuant to the Delaware Act, and upon the giving of such notice in the Certificate of Trust, the statutory provisions of ss.3804(a) of the Delaware Act relating to limitations on liabilities among Series (and the statutory effect under ss.3804(a) of setting forth such notice in the Certificate of Trust) shall become applicable to the Trust and each Series. Any Person extending credit to, contracting with or having any claim against any Series may look only to the Assets belonging to that Series to satisfy or enforce any Liability belonging to that Series. No Shareholder or former Shareholder of any Series, in such capacity, shall have a claim on or any right to any Assets belonging to any other Series or the Trust generally.", "snippet_links": [{"key": "series-of-the-trust", "type": "clause", "offset": [12, 31]}, {"key": "schedule-a", "type": "clause", "offset": [49, 59]}, {"key": "from-time-to-time", "type": "clause", "offset": [85, 102]}, {"key": "the-division", "type": "definition", "offset": [113, 125]}, {"key": "additional-series", "type": "definition", "offset": [141, 158]}, {"key": "relative-rights", "type": "clause", "offset": [164, 179]}, {"key": "other-relative", "type": "clause", "offset": [236, 250]}, {"key": "terms-of", "type": "clause", "offset": [251, 259]}, {"key": "by-the-trustees", "type": "clause", "offset": [307, 322]}, {"key": "subject-to-the", "type": "clause", "offset": [388, 402]}, {"key": "classes-of-shares", "type": "clause", "offset": [459, 476]}, {"key": "all-shares", "type": "clause", "offset": [490, 500]}, 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"offset": [1247, 1261]}, {"key": "allocated-to", "type": "definition", "offset": [1285, 1297]}, {"key": "references-to-shares", "type": "clause", "offset": [1316, 1336]}, {"key": "this-declaration", "type": "definition", "offset": [1340, 1356]}, {"key": "the-context", "type": "clause", "offset": [1429, 1440]}, {"key": "number-of-authorized-shares", "type": "clause", "offset": [1463, 1490]}, {"key": "number-of-shares-of", "type": "clause", "offset": [1514, 1533]}, {"key": "unissued-shares", "type": "definition", "offset": [1634, 1649]}, {"key": "name-of-a-series", "type": "clause", "offset": [1820, 1836]}, {"key": "other-action", "type": "definition", "offset": [1852, 1864]}, {"key": "with-respect-to", "type": "clause", "offset": [1865, 1880]}, {"key": "the-series", "type": "definition", "offset": [1881, 1891]}, {"key": "received-by-the-trust", "type": "definition", "offset": [1952, 1973]}, {"key": "the-issue", "type": "clause", "offset": [1978, 1987]}, {"key": "sale-of-shares", "type": "definition", "offset": [1991, 2005]}, {"key": "all-assets", "type": "definition", "offset": [2044, 2054]}, {"key": "the-sale", "type": "clause", "offset": [2198, 2206]}, {"key": "all-purposes", "type": "definition", "offset": [2428, 2440]}, {"key": "subject-only", "type": "definition", "offset": [2442, 2454]}, {"key": "the-rights-of-creditors", "type": "clause", "offset": [2458, 2481]}, {"key": "assets-belonging-to", "type": "definition", "offset": [2714, 2733]}, {"key": "in-the-event", "type": "clause", "offset": [2748, 2760]}, {"key": "fair-and-equitable", "type": "definition", "offset": [3134, 3152]}, {"key": "allocation-by", "type": "clause", "offset": [3262, 3275]}, {"key": "binding-upon", "type": "clause", "offset": [3313, 3325]}, {"key": "the-shareholders", "type": "clause", "offset": [3326, 3342]}, {"key": "separate-and-distinct", "type": "clause", "offset": [3375, 3396]}, {"key": "other-series", "type": "definition", "offset": [3595, 3607]}, {"key": "the-general", "type": "clause", "offset": [3612, 3623]}, {"key": "obligations-of-the-trust", "type": "clause", "offset": [3772, 3796]}, {"key": "in-respect-of", "type": "clause", "offset": [3797, 3810]}, {"key": "general-liabilities", "type": "clause", "offset": [4037, 4056]}, {"key": "liabilities-belonging-to", "type": "clause", "offset": [4173, 4197]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [4835, 4865]}, {"key": "right-of-the", "type": "clause", "offset": [4886, 4898]}, {"key": "the-liabilities", "type": "clause", "offset": [4960, 4975]}, {"key": "liabilities-incurred", "type": "clause", "offset": [5206, 5226]}, {"key": "to-the-trust", "type": "definition", "offset": [5278, 5290]}, {"key": "notice-of", "type": "clause", "offset": [5466, 5475]}, {"key": "limitation-on-liabilities", "type": "clause", "offset": [5493, 5518]}, {"key": "certificate-of-trust", "type": "definition", "offset": [5558, 5578]}, {"key": "secretary-of-state-of-the-state-of-delaware", "type": "clause", "offset": [5649, 5692]}, {"key": "pursuant-to-the", "type": "clause", "offset": [5693, 5708]}, {"key": "delaware-act", "type": "definition", "offset": [5709, 5721]}, {"key": "provisions-of", "type": "clause", "offset": [5801, 5814]}, {"key": "relating-to", "type": "definition", "offset": [5846, 5857]}, {"key": "limitations-on-liabilities", "type": "clause", "offset": [5858, 5884]}, {"key": "applicable-to", "type": "clause", "offset": [6012, 6025]}, {"key": "any-person", "type": "definition", "offset": [6053, 6063]}, {"key": "contracting-with", "type": "clause", "offset": [6085, 6101]}, {"key": "no-shareholder", "type": "clause", "offset": [6256, 6270]}, {"key": "former-shareholder", "type": "definition", "offset": [6274, 6292]}, {"key": "right-to", "type": "definition", "offset": [6355, 6363]}], "size": 79, "samples": [{"hash": "lFmCK64W0e4", "uri": "/contracts/lFmCK64W0e4#series", "label": "Agreement and Declaration of Trust (Pioneer Fundamental Growth Fund)", "score": 18.0, "published": true}, {"hash": "l77qo4lKhx8", "uri": "/contracts/l77qo4lKhx8#series", "label": "Trust Agreement (Pioneer Mid Cap Value Fund)", "score": 18.0, "published": true}, {"hash": "l4dNGceGsvt", "uri": "/contracts/l4dNGceGsvt#series", "label": "Trust Agreement (Pioneer Series Trust Ix)", "score": 18.0, "published": true}], "hash": "525a488dcb99bf5757793b49a7648f3a", "id": 1}, {"snippet": "The Class A Units authorized pursuant to Section 5.12(a) are all designated as a single series of Class A Units.", "snippet_links": [{"key": "class-a-units", "type": "clause", "offset": [4, 17]}, {"key": "pursuant-to-section", "type": "clause", "offset": [29, 48]}, {"key": "single-series", "type": "clause", "offset": [81, 94]}], "size": 6, "samples": [{"hash": "4jyCu98knwT", "uri": "/contracts/4jyCu98knwT#series", "label": "Limited Partnership Agreement (MPLX Lp)", "score": 27.3709793091, "published": true}, {"hash": "bLlqXSoujvy", "uri": "/contracts/bLlqXSoujvy#series", "label": "Purchase Agreement (MPLX Lp)", "score": 27.3244361877, "published": true}, {"hash": "a29U50KosFc", "uri": "/contracts/a29U50KosFc#series", "label": "Limited Partnership Agreement", "score": 27.0574951172, "published": true}], "hash": "27311214b43a7e8ffa7f5dae81c3276a", "id": 10}, {"snippet": "(a) Shares shall be issued in one or more Series having separate rights, powers or duties with respect to specified property or obligations or profits and losses associated with specified property or obligations and, to the extent provided in this Agreement and a Separate Series Agreement (as hereinafter defined), having a separate business purpose or investment objective. A Shareholder may be a member of one or more Series. Unless otherwise required by the 1940 Act, the Board of Directors may, in its sole discretion, establish a Series without consulting the Shareholders or any other person.\n(b) Expenses specific to a Series shall be allocated entirely to such Series. Expenses of the Company not attributable to any particular Series shall be allocated among the Series on an equitable basis approved by the Board of Directors (such as on the basis of relative net asset values of the Series).\n(c) The debts, liabilities and obligations incurred, contracted for or otherwise existing with respect to a particular Series shall be enforceable against the assets of such Series only, and not against the assets of the Company generally or any other Series thereof, and none of the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Company generally or any other Series shall be enforceable against the assets of such Series. The Company shall identify on its books and records the assets and liabilities attributable to each Series in accordance with section 18-215 of the Delaware Act.\n(d) The terms of each Series shall be as set forth in this Agreement (as the same may be amended from time to time) and a separate agreement (a \u201cSeparate Series Agreement\u201d), substantially in the form of Appendix B attached hereto, shall be executed by the Shareholders participating in the related Series. To the extent that a Separate Series Agreement conflicts with this Agreement, this Agreement shall control.\n(e) Notwithstanding any other provision contained in this Agreement, if the Board of Directors causes the Company to issue additional Shares, or establishes new Series of Shares, then the Board of Directors, without the act, vote or consent of the Shareholders or any other person, shall make such revisions to this Agreement and to the Certificate of Formation of the Company, as it deems necessary to reflect the issuance of such additional Shares or the establishment of such Series.", "snippet_links": [{"key": "issued-in", "type": "definition", "offset": [20, 29]}, {"key": "separate-rights", "type": "clause", "offset": [56, 71]}, {"key": "specified-property", "type": "definition", "offset": [106, 124]}, {"key": "profits-and-losses", "type": "clause", "offset": [143, 161]}, {"key": "associated-with", "type": "definition", "offset": [162, 177]}, {"key": "to-the-extent", "type": 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"offset": [786, 801]}, {"key": "by-the-board-of-directors", "type": "clause", "offset": [811, 836]}, {"key": "basis-of", "type": "clause", "offset": [853, 861]}, {"key": "asset-values", "type": "clause", "offset": [875, 887]}, {"key": "liabilities-and-obligations", "type": "definition", "offset": [919, 946]}, {"key": "the-assets", "type": "clause", "offset": [1059, 1069]}, {"key": "the-company-generally", "type": "clause", "offset": [1121, 1142]}, {"key": "other-series", "type": "definition", "offset": [1150, 1162]}, {"key": "expenses-incurred", "type": "definition", "offset": [1224, 1241]}, {"key": "with-respect-to-the-company", "type": "clause", "offset": [1280, 1307]}, {"key": "the-company-shall", "type": "clause", "offset": [1394, 1411]}, {"key": "books-and-records", "type": "definition", "offset": [1428, 1445]}, {"key": "assets-and-liabilities", "type": "clause", "offset": [1450, 1472]}, {"key": "in-accordance-with", "type": "definition", "offset": [1501, 1519]}, {"key": "section-18", "type": "clause", "offset": [1520, 1530]}, {"key": "delaware-act", "type": "definition", "offset": [1542, 1554]}, {"key": "terms-of-each-series", "type": "clause", "offset": [1564, 1584]}, {"key": "from-time-to-time", "type": "clause", "offset": [1653, 1670]}, {"key": "separate-agreement", "type": "clause", "offset": [1678, 1696]}, {"key": "form-of", "type": "clause", "offset": [1751, 1758]}, {"key": "appendix-b", "type": "definition", "offset": [1759, 1769]}, {"key": "by-the-shareholders", "type": "clause", "offset": [1805, 1824]}, {"key": "participating-in", "type": "definition", "offset": [1825, 1841]}, {"key": "related-series", "type": "definition", "offset": [1846, 1860]}, {"key": "conflicts-with-this-agreement", "type": "clause", "offset": [1909, 1938]}, {"key": "notwithstanding-any-other-provision", "type": "clause", "offset": [1974, 2009]}, {"key": "contained-in", "type": "definition", "offset": [2010, 2022]}, {"key": "to-issue", "type": "clause", "offset": [2084, 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A series may have a specific start and end date or it may be self-paced, permitting clients to proceed at their own speed.", "snippet_links": [{"key": "number-of-classes", "type": "clause", "offset": [8, 25]}, {"key": "sequential-order", "type": "clause", "offset": [57, 73]}, {"key": "end-date", "type": "clause", "offset": [114, 122]}], "size": 16, "samples": [{"hash": "f7rG1WDiSlQ", "uri": "/contracts/f7rG1WDiSlQ#series", "label": "Contract Y21 2109", "score": 24.8521556854, "published": true}, {"hash": "f1AEvmfTTVK", "uri": "/contracts/f1AEvmfTTVK#series", "label": "Contract Y21 2101", "score": 24.8316230774, "published": true}, {"hash": "9Duc4DVWKX9", "uri": "/contracts/9Duc4DVWKX9#series", "label": "Contract Y21 2113", "score": 24.8165645599, "published": true}], "hash": "1c21c0cc4cc525e1653c2e5ea26e3af1", "id": 4}, {"snippet": "Pursuant to Section 3806(b)(2) of the Act, the Trust shall issue one or more series of beneficial interests having the rights and preferences set forth in the Governing instrument of the Trust, as the same may be amended from time to time (each, a \u201cSeries\u201d or \u201cSub-Trust\u201d).", "snippet_links": [{"key": "pursuant-to-section", "type": "clause", "offset": [0, 19]}, {"key": "the-act", "type": "clause", "offset": [34, 41]}, {"key": "beneficial-interests", "type": "definition", "offset": [87, 107]}, {"key": "rights-and-preferences", "type": "clause", "offset": [119, 141]}, {"key": "governing-instrument", "type": "clause", "offset": [159, 179]}, {"key": "of-the-trust", "type": "clause", "offset": [180, 192]}, {"key": "from-time-to-time", "type": "clause", "offset": [221, 238]}], "size": 37, "samples": [{"hash": "l5pcljxJ5c0", "uri": "/contracts/l5pcljxJ5c0#series", "label": "Trust Agreement (Accredited Mortgage Loan Trust 2004-3)", "score": 21.0, "published": true}, {"hash": "jIQprDEDVXG", "uri": "/contracts/jIQprDEDVXG#series", "label": "Trust Agreement (Accredited Mortgage Loan Trust 2005-4)", "score": 21.0, "published": true}, {"hash": "j0a9Z1YyQBg", "uri": "/contracts/j0a9Z1YyQBg#series", "label": "Trust Agreement (Accredited Mortgage Loan REIT Trust)", "score": 21.0, "published": true}], "hash": "e08d2b2560223142b4fde544afe691fb", "id": 2}, {"snippet": "The term \"", "snippet_links": [{"key": "the-term", "type": "definition", "offset": [0, 8]}], "size": 14, "samples": [{"hash": "cpHvilDDqXc", "uri": "/contracts/cpHvilDDqXc#series", "label": "Support Agreement", "score": 31.1019535065, "published": true}, {"hash": "avB1mFv3dZU", "uri": "/contracts/avB1mFv3dZU#series", "label": "Deposit Agreement (Royal Bank of Scotland Group PLC)", "score": 21.0, "published": true}, {"hash": "5y4fZWdHeOP", "uri": "/contracts/5y4fZWdHeOP#series", "label": "Deposit Agreement (Royal Bank of Scotland Group PLC)", "score": 19.0, "published": true}], "hash": "f5ca964e8b5e5bbc569e756550fda64f", "id": 5}, {"snippet": "The Company shall deliver to the Trustee before any Redemption Date for the Bonds of 4.27% Series its calculation of the amount applicable to such redemption. The Trustee shall be under no duty to inquire into, may presume the correctness of, and shall be fully protected in acting upon, the Company\u2019s calculation of any redemption price of the Bonds of 4.27", "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "to-the-trustee", "type": "clause", "offset": [26, 40]}, {"key": "redemption-date", "type": "clause", "offset": [52, 67]}, {"key": "the-bonds", "type": "clause", "offset": [72, 81]}, {"key": "calculation-of-the-amount", "type": "clause", "offset": [102, 127]}, {"key": "applicable-to", "type": "clause", "offset": [128, 141]}, {"key": "trustee-shall", "type": "definition", "offset": [163, 176]}, {"key": "no-duty-to-inquire", "type": "clause", "offset": [186, 204]}, {"key": "price-of-the", "type": "clause", "offset": [332, 344]}], "size": 14, "samples": [{"hash": "hucGVWnVkmJ", "uri": "/contracts/hucGVWnVkmJ#series", "label": "Bond Purchase Agreement (Potomac Electric Power Co)", "score": 27.8323059082, "published": true}, {"hash": "5rhEfQcFbmU", "uri": "/contracts/5rhEfQcFbmU#series", "label": "Bond Purchase Agreement (Potomac Electric Power Co)", "score": 27.470911026, "published": true}, {"hash": "3XhDoWzMXFU", "uri": "/contracts/3XhDoWzMXFU#series", "label": "First Mortgage Bond (Potomac Electric Power Co)", "score": 24.470911026, "published": true}], "hash": "41837ae03eefb867a3c962c14e943bab", "id": 6}, {"snippet": "The Fund may create one or more Series and/or classes from time to time. With respect to any Series established by the Fund, the following provisions shall apply:\n(a) separate and distinct records shall be maintained for each Series, and the assets associated with any such Series shall be held and accounted for separately from the other assets of the Fund or any other Series;\n(b) the debts, liabilities, and obligations incurred, contracted for, or otherwise existing with respect to a particular Series shall be enforceable against the assets of such Series only, and not against the assets of the Fund generally or any other Series;\n(c) the Board, in its sole and absolute discretion, shall have authority to restrict allocations or transfers of Member Accounts to or from any Series; and\n(d) notwithstanding Section 18-215 of the Delaware Act, the failure of a Series to have any Member associated with it shall not be the basis for the dissolution of the Series and the winding up of its affairs unless in accordance with the provisions of Article VI.", "snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [54, 71]}, {"key": "with-respect-to", "type": "clause", "offset": [73, 88]}, {"key": "by-the-fund", "type": "clause", "offset": [112, 123]}, {"key": "separate-and-distinct", "type": "clause", "offset": [167, 188]}, {"key": "associated-with", "type": "definition", "offset": [249, 264]}, {"key": "assets-of-the-fund", "type": "clause", "offset": [339, 357]}, {"key": "other-series", "type": "definition", "offset": [365, 377]}, {"key": "the-board", "type": "clause", "offset": [642, 651]}, {"key": "sole-and-absolute-discretion", "type": "clause", "offset": [660, 688]}, {"key": "authority-to", "type": "definition", "offset": [701, 713]}, {"key": "transfers-of", "type": "clause", "offset": [738, 750]}, {"key": "member-accounts", "type": "definition", "offset": [751, 766]}, {"key": "section-18", "type": "clause", "offset": [814, 824]}, {"key": "delaware-act", "type": "definition", "offset": [836, 848]}, {"key": "failure-of-a", "type": "clause", "offset": [854, 866]}, {"key": "the-basis", "type": "clause", "offset": [925, 934]}, {"key": "dissolution-of-the-series", "type": "clause", "offset": [943, 968]}, {"key": "winding-up", "type": "clause", "offset": [977, 987]}, {"key": "in-accordance-with", "type": "definition", "offset": [1010, 1028]}, {"key": "article-vi", "type": "definition", "offset": [1047, 1057]}], "size": 10, "samples": [{"hash": "47zAKNFWt9O", "uri": "/contracts/47zAKNFWt9O#series", "label": "Limited Liability Company Operating Agreement (City National Rochdale High Yield Alternative Strategies Master Fund LLC)", "score": 28.2251873016, "published": true}, {"hash": "kwmhG9vW8OE", "uri": "/contracts/kwmhG9vW8OE#series", "label": "Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Fund LLC)", "score": 22.6427097321, "published": true}, {"hash": "5a8xNBMqiXf", "uri": "/contracts/5a8xNBMqiXf#series", "label": "Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Master Fund LLC)", "score": 22.6427097321, "published": true}], "hash": "0d1b52f8816cd0b81ee239baf2b8daf1", "id": 7}, {"snippet": "2005-OPT1 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: May 1, 2005 First Distribution Date: June 27, 2005 No. 1 Aggregate Certificate Principal Balance of the Class M-1 Certificates as of the Issue Date: $46,469,000 Denomination: $46,469,000 Master Servicer: Option One Mortgage Corporation Trustee: \u2587\u2587\u2587\u2587\u2587 Fargo Bank, N.A. Issue Date: May 12, 2005 CUSIP: 57643L HP 4 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. evidencing a beneficial ownership interest in a portion of a Trust Fund (the \u201cTrust Fund\u201d) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the \u201cMortgage Loans\u201d) formed and sold by THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-1 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-1 Certificates in REMIC II created pursuant to a Pooling and Servicing Agreement, dated as specified above (the \u201cAgreement\u201d), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the \u201cDepositor,\u201d which term includes any successor entity under the Agreement), the Master Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a \u201cDistribution Date\u201d), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-1 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-1 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-1 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Pass-Through Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the \u201cCertificates\u201d) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Collection Account and the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee duly executed by, the Holder hereof or such Holder\u2019s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any Person using \u201cPlan Assets\u201d to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trustee and any agent of the Depositor, the Master Servicer or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans at the time of purchase being less than 10% of the aggregate principal balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.", "snippet_links": [{"key": "through-rate", "type": "clause", "offset": [15, 27]}, {"key": "date-of", "type": "clause", "offset": [55, 62]}, {"key": "pooling-and-servicing-agreement", "type": "definition", "offset": [63, 94]}, {"key": "first-distribution-date", "type": "definition", "offset": [108, 131]}, {"key": "balance-of-the", "type": "clause", "offset": [185, 199]}, {"key": "class-m-1-certificates", "type": "definition", "offset": [200, 222]}, {"key": "issue-date", "type": "definition", "offset": [233, 243]}, {"key": "option-one-mortgage-corporation", "type": "definition", "offset": [300, 331]}, {"key": "distributions-in-reduction-of-the", "type": "clause", "offset": [408, 441]}, {"key": "outstanding-certificate-principal-balance", "type": "definition", "offset": [550, 591]}, 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18-218 of the Act. The terms of each Series shall be as set forth in this Agreement and in a separate Series Agreement for each Series as previously executed and attached hereto to as Exhibit A and incorporated herein by reference, but with any changes therein that the Board of Directors may determine in its sole discretion. Except as expressly provided otherwise in this Agreement, (i) the terms and provisions of a Series Agreement may have the effect of altering, supplementing and amending the terms and provisions hereof, and (ii) to the extent that any of the terms or provisions of a Series Agreement conflict with any of the terms or provisions of this Agreement as applied to the relevant Series, the terms or provisions of such Series Agreement shall control with respect to such Series.\n(b) No debt, liability, obligation or expense of a Series shall be a debt, liability, obligation or expense of any other Series. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to a Series shall be enforceable against the assets of such Series only and not against any other assets of the Company generally or any other Series, and none of the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Company generally or any other Series shall be enforceable against the assets of such Series. The records maintained for each Series shall account for the assets associated with such Series separately from the other assets of the Company, or any other Series, and assets associated with a Series may be held, directly or indirectly, including in the name of such Series, in the name of the Company, through a nominee or otherwise. Records maintained for a Series that reasonably identify its assets, including by specific listing, category, type, quantity, computational or allocational formula or procedure (including a percentage or share of any asset or assets) or by any other method where the identity of such assets is objectively determinable, will be deemed to account for the assets associated with such Series separately from the other assets of the Company or any other Series. The Board of Directors and the Company shall not commingle the assets of one Series with the assets of any other Series or the assets, if any, of the Company, generally. The Board of Directors may allocate assets, debts, liabilities, expenses or other obligations of the Company generally among the Series in such percentages and proportions as the Board of Directors may determine.\n(c) The Board of Directors may cause the Company and any Series to allocate any property to any Series. Any person or entity issued Shares shall be bound by the terms of this Agreement upon its execution of an instrument signifying its agreement to be bound by the terms of this Agreement which instrument may be a Subscription Agreement.", "snippet_links": [{"key": "series-ii", "type": "definition", "offset": [25, 34]}, {"key": "registered-series", "type": "definition", "offset": [67, 84]}, {"key": "limited-liability-company-interests", "type": "clause", "offset": [88, 123]}, {"key": "meaning-of", "type": "definition", "offset": [166, 176]}, {"key": "section-18", "type": "clause", "offset": [177, 187]}, {"key": "the-act", "type": "clause", "offset": [195, 202]}, {"key": "terms-of-each-series", "type": "clause", "offset": [208, 228]}, {"key": "in-this-agreement", "type": "clause", "offset": [251, 268]}, {"key": "agreement-for", "type": "clause", "offset": [294, 307]}, {"key": "exhibit-a", "type": "clause", "offset": [369, 378]}, {"key": "incorporated-herein-by-reference", "type": "clause", 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"/contracts/f0CDARlIM8Y#series", "label": "Limited Liability Company Agreement (Apollo Asset Backed Credit Co LLC)", "score": 35.35181427, "published": true}], "hash": "3e9e3c74ac2a58043cee18085224ae2e", "id": 9}], "next_curs": "Ck8SSWoVc35sYXdpbnNpZGVyY29udHJhY3RzcisLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ig9zZXJpZXMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["beneficial-interests-shareholders", "Beneficial Interests Shareholders"], ["series-and-classes-of-shares", "Series and Classes of Shares"], ["miscellaneous", "Miscellaneous"], ["shares-of-beneficial-interest", "Shares of Beneficial Interest"], ["definitions", "Definitions"]], "size": 451, "title": "Series", "children": [["series-designation", "Series Designation"], ["series-separateness", "Series Separateness"], ["series-generally", "Series Generally"], ["title-to-assets", "Title to Assets"], ["best-efforts", "Best Efforts"]], "id": "series", "related": [["the-debt-securities", "The Debt Securities", "The Debt Securities"], ["debt-securities", "Debt Securities", "Debt Securities"], ["denomination-of-debt-securities", "Denomination of Debt Securities", "Denomination of Debt Securities"], ["securities", "Securities", "Securities"], ["debentures", "Debentures", "Debentures"]], "related_snippets": [], "updated": "2026-07-01T04:28:54+00:00", "also_ask": ["What are the strategic advantages of defining a 'Series' in this agreement?", "Which essential elements must be included to ensure each Series is legally distinct and protected?", "What are the main legal risks if the Series structure is not properly drafted or maintained?", "How do Series provisions in this agreement compare to those in other jurisdictions or entity types?", "What factors do courts consider when determining the enforceability of Series separateness and liability shields?"], "drafting_tip": "Define the term 'Series' precisely to avoid ambiguity; specify the rights and obligations attached to each Series to ensure enforceability; clarify procedures for creating or modifying Series to prevent disputes.", "explanation": "The 'Series' clause defines the structure and organization of multiple related offerings or issuances under a single overarching agreement. It typically specifies how each series is distinguished, such as by unique terms, dates, or identifying numbers, and clarifies the rights and obligations that apply to each series individually. This clause is essential for managing multiple tranches or sets of securities, ensuring that each is treated separately for legal and administrative purposes, and preventing confusion or overlap between different series."}, "json": true, "cursor": ""}}