Common use of Article 11 Clause in Contracts

Article 11. Without limiting the provisions of Section 12.1, the Board of Trustees of the Trust may, by resolution duly adopted, without shareholder approval (except as otherwise required by Article 11 or required by applicable law), amend Article 11 to (a) reflect any amendments thereto which the Board of Trustees of the Trust is entitled to adopt pursuant to the terms of Article 11 without shareholder approval or (b) add additional series of AMPS or additional shares of a series of AMPS (and terms relating thereto) to the series and AMPS described herein, provided that the Board of Trustees shall not authorize, create or issue an additional series of AMPS unless it has received assurance from Moody’s, F▇▇▇▇ Ratings and from any other Rating Agency then rating the AMPS that such authorization, creation or issuance will not impair such Rating Agency’s then current rating thereof. Each such additional series and all such additional AMPS shall be governed by the terms of Article 11.

Appears in 1 contract

Sources: Bylaws (PIMCO Floating Rate Strategy Fund)

Article 11. Without limiting the provisions of Section 12.1, the Board of Trustees of the Trust may, by resolution duly adopted, without shareholder approval (except as otherwise required by Article 11 or required by applicable law), amend Article 11 to (a) reflect any amendments thereto which the Board of Trustees of the Trust is entitled to adopt pursuant to the terms of Article 11 without shareholder approval or (b) add additional series of AMPS or additional shares of a series of AMPS (and terms relating thereto) to the series and AMPS described herein, provided that the Board of Trustees shall not authorize, create or issue an additional series of AMPS unless it has received assurance from Moody’s, F▇▇▇▇ Ratings ’s and from any other Rating Agency then rating the AMPS that such authorization, creation or issuance will not impair such Rating Agency’s then current rating thereof. Each such additional series and all such additional AMPS shall be governed by the terms of Article 11.

Appears in 1 contract

Sources: Bylaws (Pimco Corporate & Income Opportunity Fund)