Change of Dissolution Date. (a) The Trust may be dissolved prior to May 31, 2020 only upon approval of not less than a majority of the Trustees. Shareholders of the Trust shall not be entitled to vote with respect thereto. (b) Notwithstanding Section 11.1(a), prior to May 31, 2020 a majority of the Trustees, with the approval by a Majority Shareholder Vote, may approve an extension of the dissolution date of the Trust to a date after May 31, 2020 (the “Extended Dissolution Date”) for a period of not more than two years or such shorter term as may be reasonably determined. The Extended Dissolution Date may similarly be extended one or more times by a majority of the Trustees with the approval by a Majority Shareholder Vote.
Appears in 3 contracts
Samples: Agreement and Declaration of Trust (Blackstone Senior Floating Rate Term Fund), Agreement and Declaration of Trust (Blackstone / GSO Senior Floating Rate Term Fund), Agreement and Declaration of Trust (Blackstone / GSO Senior Floating Rate Term Fund)
Change of Dissolution Date. (a) The Trust may be dissolved prior to May 31September 15, 2020 2027 only upon approval of not less than a majority of the Trustees. Shareholders of the Trust shall not be entitled to vote with respect thereto.
(b) Notwithstanding Section 11.1(a), prior to May 31September 15, 2020 2027 a majority of the Trustees, with the approval by a Majority Shareholder Vote, may approve an extension of the dissolution date of the Trust to a date after May 31September 15, 2020 2027 (the “Extended Dissolution Date”) for a period of not more than up to two years or such shorter term as may be reasonably determinedyears. The Extended Dissolution Date may similarly be extended one or more times by a majority of the Trustees with the approval by a Majority Shareholder Votevote.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Blackstone / GSO Strategic Credit Fund)
Change of Dissolution Date. (a) The Trust may be dissolved prior to May 31, 2020 (or, if applicable, the Extended Dissolution Date) only upon approval of not less than a majority of the Trustees. Shareholders of the Trust shall not be entitled to vote with respect thereto.
(b) Notwithstanding Section 11.1(a), prior to May 31, 2020 2022 a majority of the Trustees, with the approval by a Majority Shareholder Vote, may approve an extension of the dissolution date of the Trust to a date after May 31, 2020 2022 (the “Extended Dissolution Date”) for a period of not more than two five years or such shorter term as may be reasonably determined. The Extended Dissolution Date may similarly be extended one or more times by a majority of the Trustees with the approval by a Majority Shareholder Vote.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Blackstone Senior Floating Rate Term Fund)
