Common use of Number, Election and Tenure Clause in Contracts

Number, Election and Tenure. The number of Trustees constituting the Board of Trustees may be fixed from time to time by a written instrument signed, or by resolution approved at a duly constituted meeting, by a majority of the Board of Trustees; provided, however, that the number of Trustees shall in no event be less than one (1) nor more than fifteen (15). The initial Trustee shall be Xxxx X.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Align Alternative Access Fund), Trust Agreement (Denali Structured Return Strategy Fund), Declaration of Trust (Denali Structured Return Strategy Fund)

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Number, Election and Tenure. The number of Trustees constituting the Board of Trustees may be fixed from time to time by a written instrument signed, or by resolution approved at a duly constituted meeting, by a majority of the Board of Trustees; , provided, however, that the number of Trustees shall in no event be less than one (1) nor more than fifteen (15). The initial Trustee shall be Xxxx Bxxxxxx X.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Modern Capital Funds Trust)

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Number, Election and Tenure. The number of Trustees constituting the Board of Trustees may be fixed from time to time by a written instrument signed, or by resolution approved at a duly constituted meeting, by a majority of the Board of Trustees; , provided, however, that the number of Trustees shall in no event be less than one (1) nor more than fifteen (15). The initial Trustee shall be Xxxx Xxxxxxx X.

Appears in 1 contract

Samples: Declaration of Trust (Collaborative Investment Series Trust)

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