Election of Trustees. Upon the issuance of beneficial interests of the Trust, the initial shareholder of the Trust shall elect Trustees of the Trust; to the extent that persons so elected are different from the Initial Trustee, such persons shall replace the Initial Trustee as Trustees of the Trust.
Appears in 16 contracts
Samples: Agreement and Declaration of Trust (Phoenix Equity Series Fund), A Agreement (Phoenix Equity Series Fund), Agreement and Declaration (Phoenix Engemann Funds)
Election of Trustees. Upon the issuance of beneficial interests of the Trust, the Xxxxx/Xxxxxx Advisers, as initial shareholder of the Trust Trust, shall elect the Trustees of the Trust; to the extent that persons so elected are different from the Initial TrusteeTrustees, such persons shall replace the Initial Trustee Trustees as Trustees of the Trust.
Appears in 1 contract
Election of Trustees. Upon the issuance of beneficial interests of the Trust, the initial shareholder or shareholders of the Trust shall each elect the Trustees of the Trust; to the extent that persons so elected are different from the Initial Trustee, such persons shall replace the Initial Trustee as Trustees of the Trust.
Appears in 1 contract
Samples: Agreement (Clarion Investment Trust)
Election of Trustees. Upon the issuance of beneficial interests of the Trust, the initial shareholder of the Trust shall elect persons as Trustees of the Trust; to the extent that persons so elected are different from the Initial TrusteeTrustees, such persons shall replace the Initial Trustee Trustees as Trustees of the Trust.
Appears in 1 contract
Samples: Phoenix Seneca Funds
