series of Shares definition

series of Shares refers to the division of Shares representing any class into two or more series as provided in Article III, Section 1 hereof; and

series of Shares refers to the one or more separate investment portfolios of the Trust into which the assets and liabilities of the Trust may be divided and the Shares of the Trust representing the beneficial interest of Shareholders in such respective portfolios; and

series of Shares individually or collectively means the separately managed component(s) of the Trust (or, if the Trust shall have only one such component, then that one) as may be established from time to time by the Trustees pursuant to Section 5.11 hereof.

Examples of series of Shares in a sentence

• Separate registers shall be established and maintained for each class or series of Shares.

• Shareholders of a particular class or series of Shares shall not be entitled to vote on any matter that affects only one or more other classes or series of Shares.

• Each such register shall be conclusive as to who are the holders of the Shares of the applicable class or series of Shares and who shall be entitled to receive dividends or distributions or otherwise to exercise or enjoy the rights of Shareholders.

• In the event that a Fund establishes one or more series of Shares, in addition to those listed on the attached Schedule A, with respect to which it desires to have the Transfer Agent render services as transfer agent under the terms hereof, it shall so notify the Transfer Agent in writing, and if the Transfer Agent agrees in writing to provide such services, such series of Shares shall become a Portfolio hereunder by the parties amending the Schedule A to include the additional series.

• In the event that any Fund establishes one or more series of Shares in addition to those set forth on Appendix A hereto with respect to which it desires to have the Custodian render services as custodian under the terms hereof, it shall so notify the Custodian in writing, and if the Custodian agrees in writing to provide such services, such series of Shares shall become a Portfolio hereunder.

More Definitions of series of Shares

series of Shares refers to the designation of Shares as one or more series as provided in Section 6.1.

series of Shares means those shares within a class that have the same rights, preferences, privileges, and restrictions but that differ in one or more rights, preferences, privileges, or restrictions from other shares within the same class;

series of Shares shall refer to the division of Shares into two or more series as provided in Article VI hereof.

series of Shares refers to series of Shares established and designated under or in accordance with the provisions of Article IV.

series of Shares. The SMT Fund". The Shares of these Series and any Shares of any further Series or Class that may from time to time be established and designated by the Trustees shall (unless the Trustees otherwise determine with respect to some further Series or Class at the time of establishing and designating the same) have the following relative rights and preferences:

series of Shares means, as the context requires, the Series A Shares, the Series B Shares, the Series C Shares, or the Series N Shares or any other series of a Class of Shares of the Corporation authorized under the By-laws, as the case may be;

series of Shares refers to the one or more separate investment portfolios of the Trust into which the assets and liabilities of the Trust may be divided and the Shares of the Trust representing the beneficial interest of Shareholders in such respective portfolios; (j) "Class" or "Class of Shares" refers to the division of Shares representing any Series into two or more Classes as provided in Article III, Section 1 hereof; (k) A "direct" shareholder claim shall refer to (i) a claim based upon alleged violations of a Shareholder's individual rights distinct from any harm to the Trust or a Series or other individual Shareholders, including a particular Shareholder's voting rights, rights to a dividend payment, rights to inspect books and records, or other similar rights personal to the Shareholder and distinct from any harm to the Trust or a Series or other individual shareholders; and (ii) a claim for which a direct shareholder action is expressly provided under the U.S. federal securities laws; and (l) A "derivative" shareholder claim shall refer to any claim asserted by a Shareholder other than a "direct" claim, including, without limitation, any claims purporting to be brought on behalf of the Trust or a Series or other individual Shareholders involving any alleged harm to the Trust or a Series or to other individual Shareholders. ARTICLE II