Termination of Trust or Class. (a) Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust or any Class of the Trust may be terminated upon the affirmative vote of three-quarters (3/4) of the Trustees and written notice to the Shareholders of the Trust or such Class as the case may be.
Termination of Trust or Class. (a) Any series or class may be terminated (i) upon the merger or consolidation with, or the sale or disposition of all or substantially all of its assets to, another entity, if approved by the vote of the holders of two-thirds (2/3) of its outstanding shares, except that if the Board of Trustees recommends such merger, consolidation or sale or disposition of assets, the approval by vote of the holders of a majority of the series’ or class’ outstanding shares will be sufficient, (ii) by the vote of the holders of a majority of its outstanding shares, or (iii) by the Board by written notice to the series’ or class’ shareholders. The Trust may be terminated at any time by the Trustees by written notice to the Shareholders of the Trust or such Class as the case may be upon the affirmative vote of three-quarters (3/4) of the Trustees. Notwithstanding the foregoing or any other provision of this Declaration or the Bylaws other than subsection (c) of this Section 10.1, unless dissolved earlier, the term of the Trust shall expire on the 15th (fifteenth) anniversary of the effective date of the Trust’s registration statement on Form N-2 (the “Dissolution Date”) at which time the Trust and any series or Class thereof shall dissolve; provided, however, that prior to the expiration of Trust in accordance with this subsection (a), the term of the Trust may be extended to the 1st (first) anniversary of the Dissolution Date by an affirmative vote of not less than three-quarters (3/4) of the Trustees then in office if the Trustees believe that such extension is in the best interest of the Trust (the “Limited Term Provision”).
