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Common use of Issuance and Repurchase of Shares Clause in Contracts

Issuance and Repurchase of Shares. Subject to the provisions of this Declaration and applicable law, the Trustees shall have the power to issue, sell, repurchase, redeem, retire, cancel, acquire, hold, resell, reissue, dispose of, transfer, and otherwise deal in, Shares, including Shares in fractional denominations, and to apply to any such repurchase, redemption, retirement, cancellation or acquisition of Shares any funds or property whether capital or surplus or otherwise, to the full extent now or hereafter not prohibited by the laws of the State of Delaware governing statutory trusts.

Appears in 25 contracts

Samples: Trust Agreement (Gabelli Healthcare & WellnessRx Trust), Agreement and Declaration of Trust (Gabelli Global Utility & Income Trust), Agreement and Declaration of Trust (Gabelli Dividend & Income Trust)

Issuance and Repurchase of Shares. Subject to the provisions of this Declaration and applicable law, the The Trustees shall have the power to issue, sell, repurchase, redeem, retire, cancel, acquire, hold, resell, reissue, dispose of, transfer, and otherwise deal in, Shares, including Shares in fractional denominations, and, subject to the more detailed provisions set forth in Articles VIII and IX, to apply to any such repurchase, redemption, retirement, cancellation or acquisition of Shares any funds or property whether capital or surplus or otherwise, to the full extent now or hereafter not prohibited permitted by the laws of the State of Delaware governing statutory trustsbusiness corporations.

Appears in 13 contracts

Samples: Agreement and Declaration of Trust (DLJ High Yield Bond Fund), Agreement and Declaration of Trust (DLJ High Yield Bond Fund), Agreement and Declaration of Trust (Blackrock New Jersey Strategic Municipal Trust)

Issuance and Repurchase of Shares. Subject to the provisions of this Declaration and applicable law, the Trustees shall have the power to issue, sell, repurchase, redeem, retire, cancel, acquire, hold, resell, reissue, dispose of, transfer, and otherwise deal in, Shares, including Shares in fractional denominations, and to apply to any such repurchase, redemption, retirement, cancellation or acquisition of Shares any funds or property whether capital or surplus or otherwise, to the full extent now or hereafter not prohibited permitted by the laws of the State of Delaware governing statutory trustsbusiness corporations.

Appears in 12 contracts

Samples: Trust Agreement (Gabelli Utility Trust), Third Amended and Restated Agreement and Declaration of Trust (Gabelli Utility Trust), Second Amended and Restated Agreement and Declaration of Trust (Gabelli Utility Trust)

Issuance and Repurchase of Shares. Subject to the provisions of this Declaration and applicable law, the The Trustees shall have the power to issue, sell, repurchase, redeem, retire, cancel, acquire, hold, resell, reissue, dispose of, transfer, and otherwise deal in, Shares, including Shares in fractional denominations, and, subject to the more detailed provisions set forth in Articles VIII and IX, to apply to any such repurchase, redemption, retirement, cancellation or acquisition of Shares Shares, any funds or property whether capital or surplus or otherwise, to the full extent now or hereafter not prohibited by permitted under the laws of the State of Delaware governing statutory trustsStatutory Trust Act.

Appears in 9 contracts

Samples: Agreement and Declaration of Trust (A&Q Masters Fund), Agreement and Declaration of Trust (A&Q Multi-Strategy Fund), Agreement and Declaration of Trust (O'Connor Fund of Funds: Masters)

Issuance and Repurchase of Shares. Subject to the provisions of this Declaration and applicable law, the Trustees shall have the power to issue, sell, repurchase, redeem, retire, cancel, acquire, hold, resell, reissue, dispose of, transfer, and otherwise deal in, Shares, including Shares in fractional denominations, and to apply to any such repurchase, redemption, retirement, cancellation or acquisition of Shares any funds or property whether capital or surplus or otherwise, to the full extent now or hereafter not prohibited permitted by the laws of the State of Delaware governing statutory trusts.

Appears in 6 contracts

Samples: Agreement and Declaration of Trust (Principal Real Estate Income Fund), Trust Agreement (Reaves Global Utility & Energy Income Fund), Agreement and Declaration of Trust (Principal Real Estate Income Fund)

Issuance and Repurchase of Shares. Subject to the provisions of this Declaration and applicable law, the The Trustees shall have the power to issue, sell, repurchase, redeem, retire, cancel, acquire, hold, resell, reissue, dispose of, transfer, and otherwise deal in, Shares, including Shares in fractional denominations, and and, subject to the more detailed provisions set forth in Article XII, to apply to any such repurchase, redemption, retirement, cancellation or acquisition of Shares any funds or property whether capital or surplus or otherwise, to the full extent now or hereafter not prohibited by permitted statutory trusts formed under the laws of the State of Delaware governing statutory trustsStatutory Trust Act.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Legg Mason Permal Global Active Strategies TEI Fund), Agreement and Declaration of Trust (Legg Mason Permal Global Active Strategies Fund), Agreement and Declaration of Trust (Legg Mason Permal Global Active Strategies Master Fund)

Issuance and Repurchase of Shares. Subject to the provisions of this Declaration and applicable law, the Trustees shall have the power to issue, sell, repurchase, redeem, retire, cancel, acquire, hold, resell, reissue, dispose of, transfer, and otherwise deal in, SharesShares of any class or classes or series thereof, including Shares in fractional denominations, and to apply to any such repurchase, redemption, retirement, cancellation or acquisition of Shares any funds or property whether capital or surplus or otherwise, to the full extent now or hereafter not prohibited by the laws of the State of Delaware governing statutory trusts.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Gabelli Go Anywhere Trust), Agreement and Declaration of Trust (Gabelli Global Small & Mid Cap Value Trust), Agreement and Declaration of Trust (Gabelli Go Anywhere Trust)

Issuance and Repurchase of Shares. Subject to the provisions of this Declaration and applicable law, the The Trustees shall have the power to issue, sell, repurchase, redeem, retire, cancel, acquire, hold, resell, reissue, dispose of, transfer, and otherwise deal in, Shares, including Shares in fractional denominations, and, subject to the more detailed provisions set forth in Articles VIII and IX, to apply to any such repurchase, redemption, retirement, cancellation or acquisition of Shares any funds or property whether capital or surplus or otherwise, to the full extent now or hereafter not prohibited permitted by the laws of the State of Delaware governing statutory trustsStatutory Trust Act.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (AIP Alternative Lending Fund A), Trust Agreement (AIP Alternative Lending Fund P), Trust Agreement (AIP Alternative Lending Fund A)

Issuance and Repurchase of Shares. Subject to the provisions of this Declaration and applicable law, the Trustees shall have the power to issue, sell, repurchase, redeem, retire, cancel, acquire, hold, resell, reissue, dispose of, transfer, and otherwise deal in, Shares, including Shares in fractional denominations, and to apply to any such repurchase, redemption, retirement, cancellation or acquisition of Shares any funds or property whether capital or surplus or otherwise, to the full extent now or hereafter not prohibited permitted by the laws of the State of Delaware governing statutory trustsDelaware.

Appears in 1 contract

Samples: Trust Agreement (Select Asset Fund Iii)

Issuance and Repurchase of Shares. Subject to the provisions of this Declaration and applicable law, the The Trustees shall have the power to issue, sell, repurchase, redeem, retire, cancel, acquire, hold, convert, resell, reissue, classify and/or reclassify, dispose of, transfer, and otherwise deal in, Shares, including Shares in fractional denominations, and, subject to the more detailed provisions set forth in Articles VIII and IX, to apply to any such repurchase, redemption, retirement, cancellation or acquisition of Shares any funds or property whether capital or surplus or otherwise, to the full extent now or hereafter not prohibited otherwise permitted by the laws of the State of Delaware governing statutory trustsStatutory Trust Act.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Accordant ODCE Index Fund)