Common use of Shareholder Claims Clause in Contracts

Shareholder Claims. As used herein, a “direct Shareholder claim" shall refer to (i) a claim based upon alleged violations of a Shareholder’s individual rights independent of any harm to the Trust, including a Shareholder’s voting rights under Article 10, rights to receive a dividend payment as may be declared from time to time, rights to inspect books and records, or other similar rights personal to the Shareholder and independent of any harm to the Trust; and (ii) a claim for which a direct shareholder action is expressly provided under the U.S. federal securities laws. Any claim asserted by a Shareholder that is not a direct Shareholder claim, including without limitation any claims purporting to be brought on behalf of the Trust or involving any alleged harm to the Trust, shall be considered a “derivative claim" as used herein.

Appears in 7 contracts

Samples: Bylaws (Putnam Master Intermediate Income Trust), Bylaws (Putnam Premier Income Trust), Bylaws (Putnam Managed Municipal Income Trust)

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Shareholder Claims. As used herein, a direct Shareholder claim" claim shall refer to (i) a claim based upon alleged violations of a Shareholder’s Shareholders individual rights independent of any harm to the Trust, including a Shareholder’s Shareholders voting rights under Article 10, rights to receive a dividend payment as may be declared from time to time, rights to inspect books and records, or other similar rights personal to the Shareholder and independent of any harm to the Trust; Trust and (ii) a claim for which a direct shareholder action is expressly provided under the U.S. federal securities laws. Any claim asserted by a Shareholder that is not a direct Shareholder claim, including without limitation any claims purporting to be brought on behalf of the Trust or involving any alleged harm to the Trust, shall be considered a derivative claim" claim as used herein.

Appears in 2 contracts

Samples: Bylaws (Putnam Managed Municipal Income Trust), Bylaws (Putnam Master Intermediate Income Trust)

Shareholder Claims. As used herein, a direct Shareholder claim" claim shall refer to (i) a claim based upon alleged violations of a Shareholder’s Shareholders individual rights independent of any harm to the Trust, including a Shareholder’s Shareholders voting rights under Article 10, rights to receive a dividend payment as may be declared from time to time, rights to inspect books and records, or other similar rights personal to the Shareholder and independent of any harm to the Trust; and (ii) a claim for which a direct shareholder action is expressly provided under the U.S. federal securities laws. Any claim asserted by a Shareholder that is not a direct Shareholder claim, including without limitation any claims purporting to be brought on behalf of the Trust or involving any alleged harm to the Trust, shall be considered a derivative claim" claim as used herein.

Appears in 1 contract

Samples: Bylaws (Putnam Premier Income Trust)

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Shareholder Claims. As used herein, a direct Shareholder claim" claim shall refer to (i) a claim based upon alleged violations of a Shareholder’s Shareholders individual rights independent of any harm to the Trust, including a Shareholder’s Shareholders voting rights under Article 10, rights to receive a dividend payment as may be declared from time to time, rights to inspect books and records, or other similar rights personal to the Shareholder and independent of any harm to the Trust; and (ii) a claim for which a direct shareholder action is expressly provided under the U.S. federal securities laws. Any claim asserted by a Shareholder that is not a direct Shareholder claim, including without limitation any claims purporting to be brought on behalf of the Trust or involving any alleged harm to the Trust, shall be considered a derivative claim" claim as used herein.. ARTICLE

Appears in 1 contract

Samples: Bylaws (Putnam Managed Municipal Income Trust)

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