Common use of Dissolution or Termination Clause in Contracts

Dissolution or Termination. Any particular Series or Class shall be dissolved upon the occurrence of the applicable dissolution events set forth in Article VIII, Section 1 hereof. Upon dissolution of a particular Series or Class, the Trustees shall wind up the affairs of such Series or Class in accordance with Article VIII, Section 1 hereof and thereafter, rescind the establishment and designation thereof. Upon the rescission of the establishment and designation of any particular Series, every Class of such Series shall thereby be terminated and its establishment and designation rescinded. Each resolution of the Board of Trustees pursuant to this Section 6(i) shall be incorporated herein by reference upon adoption.

Appears in 4 contracts

Samples: Agreement and Declaration of Trust (Manor Investment Funds Inc), Agreement and Declaration of Trust (Manor Investment Funds Inc), Agreement and Declaration of Trust (Manor Investment Funds Inc)

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Dissolution or Termination. Any particular Series or Class shall be dissolved upon the occurrence of the applicable dissolution events set forth in Article VIII, Section 1 hereof. Upon dissolution of a particular Series or Class, the Trustees shall wind up the affairs of such Series or Class in accordance with Article VIII, VIII Section 1 hereof and thereafter, rescind the establishment and designation thereof. Upon the rescission of the establishment and designation of any particular Series, every Class of such Series shall thereby be terminated and its establishment and designation rescinded. Each resolution of the Board of Trustees pursuant to this Section 6(i) shall be incorporated herein by reference upon adoption.

Appears in 4 contracts

Samples: Agreement (Cheswold Lane Funds), Agreement and Declaration (Cheswold Lane Funds), Agreement and Declaration (Templeton Global Opportunities Trust)

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