Common use of Number and Qualification Clause in Contracts

Number and Qualification. As of the date hereof, the number of Trustees shall be five and the initial Trustees shall be the signatories hereto. 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 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)

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Number and Qualification. As Prior to a public offering of the date hereof, the number of Trustees shall Shares there may be five and the initial Trustees shall be the signatories heretoa 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 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 U.S. Realty Income Fund), Agreement and Declaration of Trust (Grubb & Ellis AGA Worldwide Realty Fund), Agreement and Declaration of Trust (Ing Clarion Global Real Estate Income Fund)

Number and Qualification. As Prior to a public offering of the date hereof, the number of Trustees shall Shares there may be five and the initial Trustees shall be the signatories heretoa 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. As of the date hereof, the number of Trustees shall be five seven and the initial Trustees shall be the signatories hereto. 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 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), Trust Agreement, Agreement and Declaration of Trust (Blackstone / GSO Secured Lending Fund)

Number and Qualification. As of the date hereof, the Trustees shall be the signatories hereto and the number of Trustees shall be five and the initial Trustees shall be number of person so signing until changed by the signatories heretoTrustees. 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 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 (Diameter Credit Co), Agreement and Declaration of Trust (Diameter Credit Co), Agreement and Declaration of Trust (Sixth Street Lending Partners)

Number and Qualification. As of the date hereof, the number of Trustees shall be five and the initial Trustees on the date hereof shall be the signatories hereto. 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 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 Real Estate Income Fund II), Agreement and Declaration of Trust (Blackstone Real Estate Income Master Fund), Agreement and Declaration of Trust (Blackstone Real Estate Income Fund)

Number and Qualification. As of the date hereof, the number of Trustees shall be five seven and the initial Trustees Trustees, as of the date hereof, shall be the signatories hereto. 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 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 of Trust, Agreement and Declaration of Trust (Blackstone Secured Lending Fund)

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Number and Qualification. As of the date hereof, the number of Trustees shall be five three and the initial Trustees shall be the signatories hereto. 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 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 of Trust (Onex Direct Lending BDC Fund), Agreement and Declaration of Trust (Onex Falcon Direct Lending BDC Fund)

Number and Qualification. As of the date hereof, the number of Trustees shall be five (5) and the initial Trustees shall be the signatories hereto. 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 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 2 contracts

Samples: Agreement and Declaration of Trust (AGTB Private BDC), Agreement and Declaration of Trust (AGTB Private BDC)

Number and Qualification. As Prior to a public offering of the date hereof, the number of Trustees shall Shares there may be five and the initial Trustees shall be the signatories heretoa 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 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)

Number and Qualification. As of the date hereof, the number of Trustees there shall be five Trustees of the Trust and the initial Trustees shall be the signatories heretoto this Declaration. Thereafter, the number of Trustees shall may be determined changed 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 fifteenthree. 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 1 contract

Samples: Agreement and Declaration of Trust (CPG FrontPoint MultiStrat Fund)

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