Common use of Trust Only Clause in Contracts

Trust Only. It is the intention of the Trustees to create a statutory trust pursuant to the Delaware Act, thus only creating the relationship of Trustee and beneficiary between the Trustees and each Shareholder from time to time. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, or any form of legal relationship other than a statutory trust pursuant to the Delaware Act. Nothing in this Declaration shall be construed to make the Shareholders, either by themselves or with the Trustees, partners, or members of a joint stock association.

Appears in 16 contracts

Samples: Agreement and Declaration of Trust (Dividend & Income Fund), Dividend and Income Fund (Dividend & Income Fund), Agreement and Declaration (Dividend Capital Realty Income Allocation Fund)

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Trust Only. The Trust shall be a Delaware statutory trust organized under the Delaware Act. It is the intention of the Trustees to create a statutory trust pursuant to the Delaware Act, thus only creating the relationship of Trustee Trustees and beneficiary between the Trustees and each Shareholder from time to time. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, bailment or any form of legal relationship other than a statutory trust pursuant to the Delaware Acttrust. Nothing in this Declaration shall be construed to make the Shareholders, either by themselves or with the Trustees, partners, partners or members of a joint stock association.

Appears in 11 contracts

Samples: Private Markets Fund (Apollo S3 Private Markets Fund), Declaration and Agreement (Coller Secondaries Private Equity Opportunities Fund), Amended and Restated Agreement (MassMutual Access Pine Point Fund)

Trust Only. It is the intention of the Trustees to create a statutory trust pursuant to the Delaware Act, thus only creating the relationship of Trustee and beneficiary between the Trustees and each Shareholder from time to time. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, bailment or any form of legal relationship other than a Delaware statutory trust pursuant to the Delaware Acttrust. Nothing in this Declaration shall be construed to make the Shareholders, either by themselves or with the Trustees, partners, partners or members of a general partnership, limited partnership, joint stock associationassociation or any form of legal relationship other than a Delaware statutory trust.

Appears in 4 contracts

Samples: Agreement and Declaration (Middle Market Apollo Institutional Private Lending), Agreement and Declaration of Trust (Diameter Credit Co), Agreement and Declaration (Sixth Street Lending Partners)

Trust Only. The Trust shall be a Delaware statutory trust. It is the intention of the Trustees to create a statutory trust pursuant to the Delaware Act, thus only creating the relationship of the Trustee and beneficiary between the Trustees and each Shareholder from time to time. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, bailment or any form of legal relationship other than a statutory trust pursuant to the Delaware Act. Nothing in this Declaration shall be construed to make the Shareholders, either by themselves or with the Trustees, partners, partners or members of a joint stock association.

Appears in 2 contracts

Samples: Agreement And (Transamerica Idex Mutual Funds), Aegon/Transamerica Series Trust

Trust Only. The Trust shall be a Delaware business trust organized under the Delaware Act. It is the intention of the Trustees to create a statutory trust pursuant to the Delaware Act, thus only creating the relationship of Trustee and beneficiary between the Trustees and each Shareholder from time to time. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, bailment or any form of legal relationship other than a statutory trust pursuant to the Delaware Acttrust. Nothing in this Declaration shall be construed to make the Shareholders, either by themselves or with the Trustees, partners, partners or members of a joint stock association.

Appears in 2 contracts

Samples: Declaration and Agreement (Lord Abbett Investment Trust), Declaration and Agreement (Lord Abbett Blend Trust)

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Trust Only. It is the intention of the Trustees to create a statutory trust pursuant to the Delaware Act, thus only creating the relationship of Trustee and beneficiary between the Trustees and each Shareholder from time to time. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, bailment or any form of legal relationship other than a Delaware statutory trust pursuant to the Delaware Acttrust. Nothing in this Declaration of Trust shall be construed to make the Shareholders, either by themselves or with the Trustees, partners, partners or members of a general partnership, limited partnership, joint stock associationassociation or any form of legal relationship other than a Delaware statutory trust.

Appears in 1 contract

Samples: Agreement and Declaration (PGIM Private Credit Fund)

Trust Only. The Trust shall be of the type commonly termed a Delaware business trust organized under the Delaware Act. It is the intention of the Trustees to create a statutory trust pursuant to the Delaware Act, thus only creating the relationship of Trustee and beneficiary between the Trustees and each Shareholder from time to time. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, bailment or any form of legal relationship other than a statutory trust pursuant to the Delaware Acttrust. Nothing in this Declaration shall be construed to make the Shareholders, either by themselves or with the Trustees, partners, partners or members of a joint stock association.

Appears in 1 contract

Samples: Declaration and Agreement (Lord Abbett Tax Free Income Trust)

Trust Only. It is the intention of the Trustees to create a statutory trust pursuant to the Delaware Act, thus only creating the relationship of Trustee and beneficiary between the Trustees and each Shareholder from time to time. It is not the intention of the Trustees to create a general partnership, limited partnership, joint stock association, corporation, bailment, bailment or any form of legal relationship other than a Delaware statutory trust pursuant to the Delaware Acttrust. Nothing in this Declaration of Trust shall be construed to make the Shareholders, either by themselves or with the Trustees, partners, partners or members of a general partnership, limited partnership, joint stock association.association or any form of legal relationship other than a Delaware statutory trust. ​

Appears in 1 contract

Samples: Agreement and Declaration of Trust (PGIM Private Credit Fund)

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