Common use of Dissolution or Termination Clause in Contracts

Dissolution or Termination. Any particular Series shall be dissolved and terminated upon the occurrence of the applicable dissolution events set forth in Article VIII, Section 1 hereof. Upon dissolution of a particular Series, the Trustees shall wind up the affairs of such Series in accordance with Article VIII, Section 1 hereof. The Board of Trustees shall terminate any particular Class: (i) upon approval by a majority of votes cast at a meeting of the Shareholders of such Class, provided a quorum of Shareholders of such Class are present, or by action of the Shareholders of such Class by written consent without a meeting pursuant to Article V, Section 3; or

Appears in 2 contracts

Sources: Agreement and Declaration of Trust (MidBridge Private Markets Fund), Trust Agreement (MBC Total Private Markets Access Fund)

Dissolution or Termination. Any particular Series shall be dissolved and terminated upon the occurrence of the applicable dissolution events set forth in Article VIII, Section 1 hereof. Upon dissolution of a particular Series, the Trustees shall wind up the affairs of such Series in accordance with Article VIII, VIII Section 1 hereofhereof and thereafter, rescind the establishment and designation thereof. The Board of Trustees shall terminate any particular Class: Class and rescind the establishment and designation thereof: (i) upon approval by a majority of votes cast at a meeting of the Shareholders of such Class, provided a quorum of Shareholders of such Class are present, or by action of the Shareholders of such Class by written consent without a meeting pursuant to Article V, Section 3; or

Appears in 1 contract

Sources: Agreement and Declaration of Trust (Franklin Strategic Series)