Common use of Term and Election Clause in Contracts

Term and Election. The term of office of a Trustee shall continue until death, resignation, removal, bankruptcy, adjudicated incompetence or other incapacity to perform the duties of the office of a Trustee. Subject to the provisions of the 1940 Act, the Trustees at any time may elect Trustees to fill vacancies in the number of Trustees. Each Trustee elected shall hold office until his or her successor shall have been elected and shall have qualified.

Appears in 28 contracts

Samples: Agreement and Declaration of Trust (Calamos Aksia Private Equity & Alternatives Fund), Agreement and Declaration of Trust (StepStone Private Credit Income Fund), Agreement and Declaration of Trust (Accordant ODCE Index Fund)

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Term and Election. The term of office of a Trustee shall continue until death, resignation, removal, bankruptcy, adjudicated incompetence or other incapacity to perform the duties of the office office, or removal, of a Trustee. Subject to the provisions of the 1940 Act, the Trustees at any time may elect Trustees to fill vacancies in the number of Trustees. Each Trustee elected shall hold office until his or her successor shall have been elected and shall have qualified.

Appears in 10 contracts

Samples: Agreement and Declaration of Trust (Morgan Creek Global Equity Long/Short Institutional Fund), Trust Agreement (Morgan Creek Global Equity Long/Short Fund), Trust Agreement (J.P. Morgan Access Multi-Strategy Fund II)

Term and Election. Each Trustee elected shall hold office until his or her successor shall have been elected and shall have qualified. The term of office of a Trustee shall continue until terminate and a vacancy shall occur in the event of the death, resignation, removal, bankruptcy, adjudicated incompetence or other incapacity to perform the duties of the office office, or removal, of a Trustee. Subject to the provisions of the 1940 Act, the Trustees at any time may elect Trustees to fill vacancies in the number of Trustees. Each Trustee elected shall hold office until his or her successor shall have been elected and shall have qualified.

Appears in 4 contracts

Samples: Trust Agreement (Blackrock Allocation Target Shares), Second Amended and Restated Agreement and Declaration of Trust (Blackrock Allocation Target Shares), Agreement and Declaration of Trust (Blackrock Bond Allocation Target Shares)

Term and Election. The term of office of a Trustee shall continue until death, resignation, removal, bankruptcy, adjudicated incompetence or other incapacity to perform the duties of the office office, or removal, of a such Trustee. Subject to the provisions of the 1940 Act, the Trustees at any time may elect Trustees to fill vacancies in the number of Trustees. Each Trustee elected shall hold office until his or her successor shall have been elected and shall have qualified.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Legg Mason Permal Global Active Strategies TEI Fund), Agreement and Declaration of Trust (Legg Mason Permal Global Active Strategies Fund), Agreement and Declaration of Trust (Legg Mason Permal Global Active Strategies Master Fund)

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Term and Election. The term of office of a Trustee shall continue until death, resignation, removaldeclaration of bankruptcy or incompetency by a court of appropriate jurisdiction, bankruptcy, adjudicated incompetence or other incapacity to perform the duties of the office removal of a Trustee. Subject to the provisions of the 1940 Act, the Trustees at any time may elect Trustees appoint individuals to fill vacancies in on the number Board of Trustees. Each Trustee elected shall hold office until his or her successor shall have been duly elected and shall have qualified.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Weiss Strategic Interval Fund)

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