Common use of Termination of the Trust or Any Class Clause in Contracts

Termination of the Trust or Any Class. (a) Unless terminated as provided herein, the Trust shall continue in perpetuity. The Trust may be dissolved, and any Class may be terminated, at any time by the Trustees without Shareholder authorization or approval by written notice to the Shareholders or, in the case of the termination of any Class, to the Shareholders of such Class. Any action to dissolve the Trust shall be deemed to be an action to terminate each Class.

Appears in 4 contracts

Samples: Agreement And (Manulife Private Credit Fund), Agreement and Declaration of Trust (Manulife Private Credit Fund), Agreement and Declaration of Trust (John Hancock GA Senior Loan Trust)

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Termination of the Trust or Any Class. (a) Unless terminated as provided herein, the Trust shall continue in perpetuitywithout limitation of time. The Trust may be dissolved, and any Class may be terminated, dissolved at any time by the Trustees without Shareholder authorization or approval by written notice to the Shareholders. Any Class may be terminated and/or liquidated at any time by the Trustees by written notice to the Shareholders or, in the case of the termination of any Class, to the Shareholders of such Class. Any action to dissolve the Trust shall be deemed to be an action to terminate each Class.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust of Fairway Private Markets Fund (Fairway Private Markets Fund), Agreement and Declaration (Fairway Private Equity & Venture Capital Opportunities Fund), Agreement and Declaration of Trust (Fairway Private Equity Venture Capital Fund)

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