Common use of Derivative and Direct Actions Clause in Contracts

Derivative and Direct Actions. (a) Subject to the Delaware Act, no Shareholder may bring a derivative or similar action or proceeding in the right of the Trust or any Series to recover a judgment in its favor (a "derivative action") unless each of the following conditions is met:

Appears in 23 contracts

Samples: Agreement and Declaration (Pioneer ILS Interval Fund), Agreement and Declaration (Pioneer Series Trust Xii), Agreement and Declaration (Pioneer Series Trust III)

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Derivative and Direct Actions. (a) Subject to the Delaware Act, no Shareholder may bring a derivative or similar action or proceeding in the right of the Trust or any Series Class to recover a judgment in its favor (a "derivative action") unless each of the following conditions is met:

Appears in 5 contracts

Samples: Agreement and Declaration of Trust (Global X Venture Fund), Agreement and Declaration (City National Rochdale Strategic Credit Fund), Agreement and Declaration (City National Rochdale Select Strategies Fund)

Derivative and Direct Actions. (a) Subject to the Delaware Act, no Shareholder may bring a derivative or similar action or proceeding in the right of the Trust or any Series to recover a judgment in its favor (a "derivative action") unless each of the following conditions is met:

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Pioneer NextShares Series Trust I), Agreement and Declaration of Trust (Precidian ETF Trust II)

Derivative and Direct Actions. (a) Subject to the Delaware Act, no Shareholder may bring a derivative or similar action or proceeding in the right of the Trust or any Series Class to recover a judgment in its favor (a "derivative action") unless each of the following conditions is met:

Appears in 2 contracts

Samples: Agreement and Declaration (Pioneer Multi-Asset Income Trust), Agreement and Declaration of Trust (Pioneer Securitized Income Fund)

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Derivative and Direct Actions. (a) Subject to the Delaware Act, no Shareholder Holder may bring a derivative or similar action or proceeding in the right of the Trust or any Series to recover a judgment in its favor (a "derivative action") unless each of the following conditions is met:

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Pioneer CoreTrust I)

Derivative and Direct Actions. (a) Subject to the Delaware Statutory Trust Act, no Shareholder may bring a derivative or similar action or proceeding in the right of the Trust or any Series Class to recover a judgment in its favor (a "derivative action") unless each of the following conditions is met:

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Weiss Strategic Interval Fund)

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