Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than one. No reduction in the number of Trustees shall have the effect of removing any Trustee from office unless the Trustee is specifically removed pursuant to Section 4.2 at the time of decrease. An individual nominated as a Trustee shall be at least twenty-one years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office. The Trustees shall serve during the existence of the Fund until its termination as herein provided, except that any Trustee may resign or be removed as herein provided.
Appears in 6 contracts
Samples: Agreement and Declaration of Trust (Federated Hermes Project & Trade Finance Tender Fund), Agreement and Declaration of Trust (Hedge Fund Guided Portfolio Solution), Agreement and Declaration of Trust (Thrivent Church Loan & Income Fund)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than one. No reduction in the number of Trustees shall have the effect of removing any Trustee from office unless the Trustee is specifically removed pursuant to Section 4.2 at the time of decrease. An individual nominated as a Trustee shall be at least twenty-one years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office. The Trustees shall serve during the existence of the Fund Trust until its termination as herein provided, except that any Trustee may resign or be removed as herein provided.
Appears in 4 contracts
Samples: Agreement and Declaration of Trust (Manulife Private Credit Fund), Agreement and Declaration of Trust (Manulife Private Credit Fund), Amended and Restated Agreement and Declaration of Trust (John Hancock GA Senior Loan Trust)
