Common use of Establishment and Designation of Classes Clause in Contracts

Establishment and Designation of Classes. Unless another time is specified by the Trustees, the establishment and designation of any Class shall be effective upon the adoption by a majority of the Trustees of a resolution setting forth such establishment and designation and the preferences, powers, rights and privileges of the Shares of such Class, whether directly in such resolution or by reference to, or approval of, another document that sets forth such relative rights and preferences of such Class, including, without limitation, any registration statement of the Trust, or as otherwise provided in such resolution. Each such resolution shall be incorporated herein by reference upon adoption. Shares of each Class established pursuant to this Section 6, unless otherwise provided in the resolution establishing such Class, shall have the following relative rights and preferences:

Appears in 19 contracts

Samples: Agreement and Declaration of Trust (Wilshire Private Assets Fund), Agreement and Declaration of Trust (Wilshire Private Assets Tender Fund), Agreement and Declaration of Trust (Emerging Growth & Dividend Reinvestment Fund)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!