Elimination of Series or Class. At any time that there are no Shares outstanding of any particular Series previously established and designated, the Trustees may abolish and rescind the establishment and designation of that Series by vote or written consent of a majority of the then Trustees. At any time that there are no Shares outstanding of any particular class previously established and designated of a Multi-Class Series, the Trustees may abolish that class and rescind the establishment and designation thereof by vote or written consent of a majority of the then Trustees.
Appears in 20 contracts
Sources: Agreement and Declaration of Trust (Natixis ETF Trust II), Agreement and Declaration of Trust (Loomis Sayles Alternative Asset Based Solutions Income Fund), Trust Agreement (Natixis ETF Trust)
Elimination of Series or Class. At any time that there are no Shares outstanding of any particular Series previously established and designated, the Trustees may abolish that Series and rescind the establishment and designation of that Series by vote or written consent of a majority of thereof, such action to be effected in the then Trusteesmanner provided above. At any time that there are no Shares outstanding of any particular class previously established and designated Class of a Multi-Class SeriesShares, the Trustees may abolish that class Class and rescind the establishment and designation thereof by vote or written consent of a majority of thereof, such action to be effected in the then Trusteesmanner provided above.
Appears in 2 contracts
Sources: Restatement of Amended Agreement and Declaration of Trust (CDC Nvest Companies Trust I), Agreement and Declaration of Trust (Nvest Companies Trust I)
Elimination of Series or Class. At any time that there are no Shares outstanding of any particular Series previously established and designated, the Trustees may abolish and rescind the establishment and designation of that Series by vote or written consent (which may be obtained and/or given by electronic means) of a majority of the then Trustees. At any time that there are no Shares outstanding of any particular class previously established and designated of a Multi-Class Series, the Trustees may abolish that class and rescind the establishment and designation thereof by vote or written consent (which may be obtained and/or given by electronic means) of a majority of the then Trustees.
Appears in 1 contract
Sources: Agreement and Declaration of Trust (Loomis Sayles Alternative Asset Based Solutions Income Fund)