Common use of Number and Qualification Clause in Contracts

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 duly adopted resolution of the Board of Trustees or 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 two or more than fifteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.

Appears in 8 contracts

Samples: Agreement and Declaration (Booster Income Opportunities Fund), Agreement and Declaration of Trust (Steadfast Structured Growth Fund), Agreement and Declaration of Trust (Connetic Venture Capital Access Fund)

AutoNDA by SimpleDocs

Number and Qualification. Prior to a the public offering of Shares Shares, there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a duly adopted resolution of the Board of Trustees or by a written instrument signed fixed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two three or more than fifteenthirteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his termthe Trustee’s term unless the Trustee is specifically removed pursuant to Section 3.3(b) and (d) hereof at the time of decrease. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 72 years of age at the time of nomination. At the time of nomination and election, a Trustee shall not be under any legal disability. Trustees need not own Shares and may succeed themselves in office.

Appears in 8 contracts

Samples: Agreement and Declaration of Trust (Alti Private Equity Access & Commitments Fund), Forum Real Estate (Forum Real Estate Income Fund), Agreement and Declaration of Trust (Forum CRE Income Fund)

Number and Qualification. Prior to a public offering As of Shares there may the date hereof, the number of Trustees shall be a sole Trusteefive and the initial Trustees shall be the signatories hereto. Thereafter, the number of Trustees shall be determined by a duly adopted resolution of the Board of Trustees or 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 two or more than fifteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.

Appears in 5 contracts

Samples: Agreement and Declaration of Trust (Blackstone / GSO Floating Rate Enhanced Income Fund), Agreement and Declaration of Trust (Blackstone / GSO Strategic Credit Fund), Agreement and Declaration of Trust (Blackstone / GSO Floating Rate High 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 duly adopted resolution of the Board of Trustees or 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 two or more than fifteensuch number as a majority of more than two-thirds of the Trustees then in office shall determine. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.

Appears in 4 contracts

Samples: Agreement and Declaration of Trust (Grubb & Ellis AGA Worldwide Realty Fund), Agreement and Declaration of Trust (Grubb & Ellis AGA U.S. Realty Income Fund), Agreement and Declaration of Trust (Ing Clarion Real Estate Income Fund)

Number and Qualification. Prior to a public offering As of Shares there may the date hereof, the Trustees shall be a sole Trusteethe signatories hereto and the number of Trustees shall be the number of person so signing until changed by the Trustees. Thereafter, the number of Trustees shall be determined by a duly adopted resolution of the Board of Trustees or 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 two or more than fifteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.

Appears in 3 contracts

Samples: Agreement and Declaration (Diameter Credit Co), Agreement and Declaration of Trust (Diameter Credit Co), Agreement and Declaration (Sixth Street Lending Partners)

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 duly adopted resolution of the Board of Trustees or 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 two or more than fifteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his or her term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (BlackRock Private Credit Fund), Agreement and Declaration of Trust (BlackRock Private Credit Fund), Agreement and Declaration of Trust (BlackRock Private Credit Fund)

Number and Qualification. Prior to a public offering As of Shares there may the date hereof, the number of Trustees shall be a sole Trusteeseven and the initial Trustees shall be the signatories hereto. Thereafter, the number of Trustees shall be determined by a duly adopted resolution of the Board of Trustees or 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 two or more than fifteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Blackstone / GSO Secured Lending Fund), Agreement and Declaration of Trust, Agreement and Declaration of Trust (Blackstone / GSO Secured Lending Fund)

Number and Qualification. Prior to a public offering As of Shares there may the date hereof, the number of Trustees shall be a sole Trusteethree and the initial Trustees shall be the signatories hereto. Thereafter, the number of Trustees shall be determined by a duly adopted resolution of the Board of Trustees or 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 two or more than fifteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.

Appears in 2 contracts

Samples: Onex Direct Lending BDC (Onex Direct Lending BDC Fund), Agreement and Declaration of Trust (Onex Falcon Direct Lending BDC Fund)

AutoNDA by SimpleDocs

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 duly adopted resolution of the Board of Trustees or 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 two 3 or more than fifteen25. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his termterm unless the Trustee is specifically removed pursuant to Section 2.3 of this Article II at the time of decrease. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Salient Midstream & MLP Fund), Federated Covered Call Treasury Fund

Number and Qualification. Prior to a public offering As of Shares there may the date hereof, the number of Trustees shall be a sole Trusteeseven and the Trustees, as of the date hereof, shall be the signatories hereto. Thereafter, the number of Trustees shall be determined by a duly adopted resolution of the Board of Trustees or 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 two or more than fifteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.

Appears in 2 contracts

Samples: Agreement and Declaration, Agreement and Declaration of Trust (Blackstone Secured Lending 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 duly adopted resolution of the Board of Trustees or 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 two or more than fifteen(2). No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his termterm unless the Trustee is specifically removed pursuant to Section 2.3 at the time of decrease. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (SharesPost 100 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 duly adopted resolution of the Board of Trustees or 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 two 3 or more than fifteen25. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his termterm unless the Trustee is specifically removed pursuant to Section 2.3 of this Article II at the time of decrease. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 [80] years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.

Appears in 1 contract

Samples: Federated Enhanced Treasury 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 duly adopted resolution of the Board of Trustees or 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 two or more than fifteen(2). No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his termterm unless the Trustee is specifically removed pursuant to Section 2.3 of this Article II at the time of decrease. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Ivy High Income Opportunities Fund)

Time is Money Join Law Insider Premium to draft better contracts faster.