Common use of EXERCISE OF VOTING AND OTHER RIGHTS Clause in Contracts

EXERCISE OF VOTING AND OTHER RIGHTS. Except with the agreement (which may be evidenced by resolution) or on the specific instructions of the Trustees of the Trust, the Sub-Adviser or the Manager, the Portfolio Manager shall not exercise or procure the exercise of any voting right attaching to investments of the Trust or any Fund, and shall not exercise or procure the exercise of any rights of the Trust with respect to any class action proceedings or other legal action concerning investments of the Funds.

Appears in 3 contracts

Samples: Portfolio Management Agreement (Allianz Funds Multi-Strategy Trust), Portfolio Management Agreement (Allianz Funds Multi-Strategy Trust), Portfolio Management Agreement (Allianz Funds Multi-Strategy Trust)

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EXERCISE OF VOTING AND OTHER RIGHTS. Except with the agreement (which may be evidenced by resolution) or on the specific instructions of the Trustees of the Trust, the Sub-Adviser or the ManagerAdviser, the Portfolio Manager shall not exercise or procure the exercise of any voting right attaching to investments of the Trust or any FundPortfolio, and shall not exercise or procure the exercise of any rights of the Trust with respect to any class action proceedings or other legal action concerning investments of the FundsPortfolios.

Appears in 1 contract

Samples: Portfolio Management Agreement (Allianz Global Investors Managed Accounts Trust)

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