Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee. Thereafter, the number of Trustees shall be such number, not less than three nor more than fifteen, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. 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 shall not be under a legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 6 contracts
Samples: Agreement and Declaration of Trust (Global Real Estate Investments Fund), Trust Agreement (Global Real Estate Investments Fund), Agreement and Declaration of Trust (Global Real Estate Opportunity Trust)
Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee. Thereafter, the number of Trustees shall be such number, not less than three nor or more than fifteen, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. 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 shall not be under a legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 3 contracts
Samples: Agreement and Declaration of Trust (Alpine Total Dynamic Dividend Fund), Agreement and Declaration of Trust (Alpine Global Premier Properties Fund), Agreement and Declaration of Trust (Alpine Global Dynamic Dividend Fund)
Number and Qualification. Prior to a public offering of Shares, Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be such number, not less than three nor more than fifteen, as shall be set forth in determined by a written instrument signed or adopted by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two (2) or more than nine (9). 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 at the time of nomination and shall not be under a legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 3 contracts
Samples: Agreement and Declaration of Trust (Octagon XAI CLO Income Fund), Agreement and Declaration of Trust (XAI Octagon Credit Trust), Second Amended and Restated Agreement and Declaration of Trust (XAI Octagon Floating Rate Alternative Income Term Trust)
Number and Qualification. Prior to a public offering of Shares, Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be such number, not less than three nor more than fifteen, as shall be set forth in a written instrument signed or adopted determined by a majority of the Trustees, provided that the number of Trustees then in officeshall 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 shall not be older than 80 years of age at the time of nomination and not under a legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 2 contracts
Samples: Agreement and Declaration of Trust (BlackRock Health Sciences Trust II), Agreement and Declaration of Trust (BlackRock Capital Allocation Trust)
Number and Qualification. Prior to a public offering of Shares, there may be a sole Trustee. Thereafter, the The number of Trustees shall be such number as are in office on the date hereof and, thereafter, shall be such number, not less than three nor two or more than fifteen, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. 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 shall not be older than 80 years of age at the time of nomination and not under a legal disability. Trustees need not own Shares and may succeed themselves in office. The Trustees may elect from their number a Chairman who shall serve at the pleasure of the Trustees.
Appears in 2 contracts
Samples: Trust Agreement (Blackrock Allocation Target Shares), Second Amended and Restated Agreement and Declaration of Trust (Blackrock Allocation Target Shares)
Number and Qualification. Prior to a public any offering of Shares, there may be a sole Trustee. ThereafterTrustee and thereafter, the number of Trustees shall be such number, not less than three nor two or more than fifteennine, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office. 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 shall not be older than 80 years of age at the time of nomination and not under a legal disability. Trustees need not own Shares and may succeed themselves in office. The Trustees may elect from their number a Chairman who shall serve at the pleasure of the Trustees.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Blackrock Bond Allocation Target Shares)
