Common use of Suitability of Shareholders Clause in Contracts

Suitability of Shareholders. (a) During any public offering of its Shares and until the earlier of a Liquidity Event or the date the Trust is no longer subject to the Omnibus Guidelines, the Trust and those selling shares on its behalf shall, with respect to share offers and sales in which they are broker of record, assure that such shares are offered and sold pursuant only to prospective investors who, in each case, meet the income and net worth “Suitability Standards” as specified in the Trust’s prospectus for the Shares (as the same may be amended or supplemented from time to time) and the Omnibus Guidelines.

Appears in 4 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)

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