Common use of Establishment and Designation of Series and Classes Clause in Contracts

Establishment and Designation of Series and Classes. If so authorized, the establishment and designation of any Series (or class) shall be effective upon the execution by a majority of the Trustees of an instrument setting forth such establishment and designation and the relative rights and preferences of the Shares of such Series (or class), or as otherwise provided in such instrument. Each instrument referred to in this paragraph shall have the status of an amendment to this Declaration. Shares of any Series (or class) hereafter established pursuant to this Section 6, unless otherwise provided in the instrument establishing such Series (or class), shall have the following relative rights and preferences:

Appears in 7 contracts

Samples: Trust Agreement (Gottex Multi-Alternatives Fund -- Class II), Agreement and Declaration of Trust (Gottex Multi-Alternatives Master Fund), Agreement and Declaration of Trust (Gottex Multi-Asset Endowment Fund -- Class II)

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