Trust Shareholders definition
Examples of Trust Shareholders in a sentence
Upon liquidation or termination of a Series or Class thereof of the Trust, Shareholders of such Series or Class thereof shall be entitled to receive a pro rata share of the net assets of such Series.
To the extent that, at law or equity, a Trustee or officer of the Trust has fiduciary duties or liabilities related thereto to the Trust, Shareholders or any other person, such Trustee or officer shall not be liable for their good faith reliance upon this Declaration of Trust.
Shares purchased by the Servicer on behalf of shareholders of the Trust ("Shareholders") will be registered with the Servicer, as the Trust's transfer agent, in the Servicer's name or in the name of the Servicer's nominee.
For the avoidance of any doubt and notwithstanding anything to the contrary in this Declaration of Trust, Shareholders shall have no separate right to vote with respect to the termination of the Trust or a Series or Class of Shares if the Trustees (including the Continuing Trustees) exercise their right to terminate the Trust or such Series or Class pursuant to this Section 4.
Notwithstanding the foregoing, if, at the time of any Event of Withdrawal, the Manager is the sole manager of the Trust, Shareholders by Majority Vote shall have the right to agree to continue the business of the Trust (such continued Trust to be referred to herein as the “Reconstituted Trust”) and to select, effective as of the date of such event, one or more successor Managers.
You further agree to deliver to Shareholders such additional materials that are legally required to be delivered to Trust Shareholders, including but not limited to statements showing their positions in the Funds, tax notices, proxy solicitation materials and periodic reports.
Upon liquidation or termination of a series of the Master Trust, Shareholders in such series or class shall be entitled to receive a pro rata share of the Trust Estate belonging to such series or in the case of a class, belonging to such series and allocable to such class.
None of the Trust, Shareholders or Trustees shall take any action or file any tax return inconsistent with such tax treatment.
For the avoidance of any doubt and notwithstanding anything to the contrary in this Declaration of Trust, Shareholders shall have no separate right to vote with respect to the dissolution of the Trust or a Series or Class of Shares if the Trustees (including the Continuing Trustees) exercise their right to dissolve the Trust or such Series or Class pursuant to clauses (ii) and (y) of this Section 1.
This Agreement may be amended, modified or supplemented in such manner as may be mutually agreed upon in writing by the parties; provided, however, that following the approval of this Agreement by Current Trust Shareholders, no such amendment may have the effect of changing the provisions for determining the number of Successor Trust Shares to be paid to Current Trust Shareholders under this Agreement to the detriment of Current Trust Shareholders without their further approval.