Common use of Elimination of Classes Clause in Contracts

Elimination of Classes. In addition to the rights granted to the Trustees in Section 8.2 to terminate a Class, at any time that there are no Shares outstanding of any particular Class previously established, the Trustees may terminate such Class and rescind the establishment thereof.

Appears in 3 contracts

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