Common use of Elimination of Series or Class Clause in Contracts

Elimination of Series or Class. At any time that there are Shares outstanding of any particular Series or class previously established and designated, the Board of Trustees may, without the approval of the Shareholders of the Fund, any Series or class, dissolve, terminate and/or liquidate that Series or class.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Dynamic Alternatives Fund), Agreement and Declaration of Trust (Dynamic Alternatives Fund), Trust Agreement (Dynamic Alternatives Fund)

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Elimination of Series or Class. At any time that there are no Shares outstanding of any particular Series or class Class previously established and designated, the Board of Trustees may, without the approval may by resolution of a majority of the Shareholders then Board of the Fund, any Series or class, dissolve, terminate and/or liquidate Trustees abolish that Series or classClass and rescind the establishment and designation thereof.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (BBH Trust)

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