Common use of Purpose of Trust Clause in Contracts

Purpose of Trust. The purpose of the Trust is to conduct, operate and carry on the business of a closed-end management investment company registered under the 1940 Act. In furtherance of the foregoing, it shall be the purpose of the Trust to do everything necessary, suitable, convenient or proper for the conduct, promotion and attainment of any businesses and purposes which at any time may be incidental or may appear conducive or expedient for the accomplishment of the business of a management investment company registered under the 1940 Act and which may be engaged in or carried on by a trust organized under the Delaware Act, and in connection therewith the Trust shall have the power and authority to engage in the foregoing and may exercise all of the powers conferred by the laws of the State of Delaware upon a Delaware statutory trust.

Appears in 8 contracts

Samples: Trust Agreement (Thornburg Durable Allocation & Income Trust), Trust Agreement (Thornburg Strategic Income Opportunities Trust), Trust Agreement (Thornburg Strategic Income Opportunities Trust)

AutoNDA by SimpleDocs

Purpose of Trust. The purpose of the Trust is to conduct, operate and carry on the business of a closed-end management investment company registered under the 1940 Act. In furtherance of the foregoing, it shall be the purpose of the Trust to do everything necessary, suitable, convenient or proper for the conduct, promotion and attainment of any businesses and purposes which at any time may be incidental or may appear conducive or expedient for the accomplishment of the business of a closed-end management investment company registered under the 1940 Act and which may be engaged in or carried on by a trust organized under the Delaware Act, and in connection therewith the Trust shall have the power and authority to engage in the foregoing and may exercise all of the powers conferred by the laws of the State of Delaware upon a Delaware statutory trust.

Appears in 8 contracts

Samples: Trust Agreement (MainStay CBRE Global Infrastructure Megatrends Term Fund), Trust Agreement (MainStay CBRE Global Infrastructure Megatrends Fund), Agreement and Declaration of Trust (Private Advisors Alternative Strategies Master Fund)

Purpose of Trust. The purpose of the Trust is to conduct, operate and carry on the business of a closed-end management investment company registered under the 1940 Act. In furtherance of the foregoing, it shall be the purpose of the Trust to do everything necessary, suitable, convenient or proper for the conduct, promotion and attainment of any businesses and purposes which at any time may be incidental or may appear conducive or expedient for the accomplishment of the business of a an closed-end management investment company registered under the 1940 Act and which may be engaged in or carried on by a trust organized under the Delaware Act, and in connection therewith the Trust shall have the power and authority to engage in the foregoing and may exercise all of the powers conferred by the laws of the State of Delaware upon a Delaware statutory trust.

Appears in 4 contracts

Samples: Agreement and Declaration of Trust (NYLI MacKay DefinedTerm Muni Opportunities Fund), Agreement and Declaration of Trust (MainStay MacKay DefinedTerm Municipal Opportunities Fund), Trust Agreement (MainStay MacKay DefinedTerm Municipal Opportunities Fund)

Purpose of Trust. The purpose of the Trust is to conduct, operate and carry on the business of a closed-end management investment company registered under the 1940 Act. In furtherance of the foregoing, it shall be the purpose of the Trust to do everything necessary, suitable, convenient or proper for the conduct, promotion and attainment of any businesses and purposes which at any time may be incidental or may appear conducive or expedient for the accomplishment of the business of a management investment company registered under the 1940 Act and which may be engaged in or carried on by a trust organized under the Delaware Act, and in connection therewith the Trust shall have the power and authority to engage in the foregoing and may exercise all of the powers conferred by the laws of the State of Delaware upon a Delaware statutory trust.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Eagle Growth & Income Opportunities Fund), Agreement and Declaration of Trust (THL Credit Senior Loan Fund)

AutoNDA by SimpleDocs

Purpose of Trust. The purpose of the Trust is to conduct, operate and carry on the business of a closed-end closed -end management investment company registered under the 1940 Act. In furtherance of the foregoing, it shall be the purpose of the Trust to do everything necessary, suitable, convenient or proper for the conduct, promotion and attainment of any businesses and purposes which at any time may be incidental or may appear conducive or expedient for the accomplishment of the business of a an closed -end management investment company registered under the 1940 Act and which may be engaged in or carried on by a trust organized under the Delaware Act, and in connection therewith the Trust shall have the power and authority to engage in the foregoing and may exercise all of the powers conferred by the laws of the State of Delaware upon a Delaware statutory trust.

Appears in 1 contract

Samples: Amended and Restated Agreement and Declaration of Trust (MainStay MacKay DefinedTerm Municipal Opportunities Fund)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!