Common use of General Direct Actions Clause in Contracts

General Direct Actions. No Shareholder may maintain a General Direct Action unless holders of at least ten percent (10%) of the outstanding Shares of the respective Series or class join in the bringing of such action. In addition, a Shareholder may bring a General Direct Action only if the following conditions are met:

Appears in 10 contracts

Samples: Agreement and Declaration of Trust (Axxes Private Markets Fund), Agreement and Declaration (Flat Rock Enhanced Income Fund), Agreement and Declaration (Flat Rock Core Income Fund)

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