Exchange and Conversion Privilege Sample Clauses

Exchange and Conversion Privilege. The Trustees shall have the authority to provide that the holders of Shares of any Series or Class shall have the right to exchange or convert their Shares for Shares of one or more other Series of Shares or Class of Shares of the Trust in accordance with such requirements and procedures as may be established by the Trustees.
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Exchange and Conversion Privilege. The Trustees shall have the authority to provide from time to time that the holders of Shares of any Class shall have the right to convert or exchange said Shares for or into Shares of one or more other Classes or classes of other registered investment companies affiliated with the Trust in accordance with such requirements and procedures as may be established by the Trustees from time to time and, when applicable, in accordance with the 1940 Act. The Trustees shall have the authority to establish procedures and requirements, in accordance with the 1940 Act, if applicable, and disclosed to Shareholders, that provide for the automatic conversion of Shares of any Class for or into Shares of one or more other Classes of the Trust at their respective net asset values to facilitate the auction process for Shares on the NASDAQ Private Market Alternatives Platform.
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Exchange and Conversion Privilege. The Trustees shall have the authority to provide from time to time that the holders of Shares of any Class shall have the right to convert or exchange said Shares for or into Shares of one or more other Classes or classes of other registered investment companies affiliated with the Trust in accordance with such requirements and procedures as may be established by the Trustees from time to time and, when applicable, in accordance with the 1940 Act.
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Related to Exchange and Conversion Privilege

  • Conversion Privilege (a) Subject to and upon compliance with the provisions of this Article 14, each Holder of a Note shall have the right, at such Holder’s option, to convert all or any portion (if the portion to be converted is $1,000 principal amount or an integral multiple thereof) of such Note (i) subject to satisfaction of the conditions described in Section 14.01(b), at any time prior to the close of business on the Business Day immediately preceding February 1, 2024 under the circumstances and during the periods set forth in Section 14.01(b), and (ii) regardless of the conditions described in Section 14.01(b), on or after February 1, 2024 and prior to the close of business on the Business Day immediately preceding the Maturity Date, in each case, at an initial conversion rate of 37.3413 shares of Common Stock (subject to adjustment as provided in this Article 14, the “Conversion Rate”) per $1,000 principal amount of Notes (subject to, and in accordance with, the settlement provisions of Section 14.02, the “Conversion Obligation”).

  • Conversion Rights The Holder shall have the right to convert the principal amount and interest due under this Note into Shares of the Borrower's Common Stock as set forth below.

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