Dissolution of the Trust or Termination of a Class. (a) The Trust shall have perpetual existence, except that the Trust shall be dissolved upon approval by vote of the Board followed by a vote of Shareholders as set forth in Section 9.1; provided that if the affirmative vote of at least seventy-five percent (75%) of the Board approves the dissolution, no vote of Shareholders shall be required to dissolve the Trust.
Dissolution of the Trust or Termination of a Class. (a) Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be dissolved at any time by the Trustees (without Shareholder approval). Any Class may be terminated at any time by the Trustees (without Shareholder approval). In addition, the dissolution of the Trust shall automatically terminate each Class.
Dissolution of the Trust or Termination of a Class. (a) The Trust shall have perpetual existence, except that the Trust shall be dissolved upon (1) approval of the Board and Shareholders in accordance with the requirements of Section 9.1(a) above, or (2) the occurrence of a dissolution or termination event pursuant to the Delaware Act.
Dissolution of the Trust or Termination of a Class. (a) Unless earlier dissolved or unless the term is extended, in each case as provided in this Section 9.2(a), the Trust shall continue its operations in the ordinary course until no later than the close of business on December 1, 2024, provided that the Trustees may take such steps prior to December 1, 2024 as they deem appropriate in anticipation of ceasing operations in the ordinary course on such date, including any actions permitted by Section 9.2(b). Notwithstanding the foregoing, (i) the Trust may be dissolved at any time prior to the close of business on December 1, 2024 or (ii) the term of the Trust may be extended beyond December 1, 2024 for one period that in no event may exceed six months, by action of the Trustees and upon provision of at least sixty (60) days prior written notice to affected Shareholders, without a vote of the Shareholders of the Trust. In addition, the Trust may be dissolved by the affirmative vote of the Shareholders entitled to vote of at least sixty-six and two-thirds percent (66 2/3%) of the outstanding Common Shares, unless dissolution has been previously approved, adopted or authorized by the affirmative vote of at least two-thirds of the total number of Trustees fixed in accordance with this Agreement or the Bylaws, in which case the affirmative vote of the holders of at least a majority of the outstanding Common Shares shall be required, provided however that if there are then outstanding Preferred Shares, such vote with respect to dissolution of the Trust shall be by the affirmative vote of the shareholders entitled to vote of at least sixty-six and two-thirds percent (66 2/3%) of the outstanding Common Shares and Preferred Shares voting as a single class, unless such action has previously been approved, adopted or authorized by the affirmative vote of two-thirds of the Trustees, in which case the affirmative vote of the holders of at least a majority of the outstanding Common Shares and Preferred Shares voting as a single class shall be required.
