Common use of No Management or Control Clause in Contracts

No Management or Control. Limited Liability; Exercise of Rights through an Authorized Participant 30 SECTION 7.2 Rights and Duties 30 SECTION 7.3 Limitation of Liability 31 SECTION 7.4 Derivative Actions 31 SECTION 7.5 Appointment of Agents 32 SECTION 7.6 Business of Shareholders 32 SECTION 7.7 Authorization of Prospectus 32 ARTICLE VIII BOOKS OF ACCOUNT AND REPORTS 33 SECTION 8.1 Books of Account 33 SECTION 8.2 Annual Updates, Quarterly Updates and Account Statements 33 SECTION 8.3 Tax Information 33 SECTION 8.4 Calculation of SOL Holdings 34 SECTION 8.5 Maintenance of Records 34 ARTICLE IX FISCAL YEAR 34 SECTION 9.1 Fiscal Year 34 ARTICLE X AMENDMENT OF TRUST AGREEMENT; MEETINGS 34 SECTION 10.1 Amendments to the Trust Agreement 34 SECTION 10.2 Meetings of the Trust 35 SECTION 10.3 Action Without a Meeting 36 ARTICLE XI TERM 36 SECTION 11.1 Term 36 ARTICLE XII TERMINATION 36 SECTION 12.1 Events Requiring Dissolution of the Trust 36 SECTION 12.2 Distributions on Dissolution 38 SECTION 12.3 Termination; Certificate of Cancellation 38 ARTICLE XIII MISCELLANEOUS 39 SECTION 13.1 Governing Law 39 SECTION 13.2 Provisions In Conflict With Law or Regulations 39 SECTION 13.3 Merger and Consolidation 40 SECTION 13.4 Construction 40 SECTION 13.5 Notices 40 SECTION 13.6 Counterparts; Electronic Signatures 41 SECTION 13.7 Binding Nature of Trust Agreement 41 SECTION 13.8 No Legal Title to Trust Estate 41 SECTION 13.9 Creditors 41 SECTION 13.10 Integration 42 SECTION 13.11 Goodwill; Use of Name 42 SECTION 13.12 Patriot Act Compliance 42 SECTION 13.13 Corporate Transparency Act 42 EXHIBIT A — Form of Certificate of Trust of Canary Marinade Solana ETF This FIRST AMENDED AND RESTATED TRUST AGREEMENT of CANARY MARINADE SOLANA ETF is made and entered into as of October 9, 2025 (“Trust Agreement”), by and among Canary Capital Group LLC, a Delaware limited liability company (“Sponsor”), CSC Delaware Trust Company, a Delaware corporation, as trustee (“Trustee”), and the SHAREHOLDERS from time to time hereunder.

Appears in 1 contract

Sources: Trust Agreement (Canary Marinade Solana ETF)

No Management or Control. Limited Liability; Exercise of Rights through an Authorized a Participant 30 29 SECTION 7.2 Rights and Duties 30 SECTION 7.3 Limitation of Liability 31 30 SECTION 7.4 Derivative Actions 31 SECTION 7.5 Appointment of Agents 32 31 SECTION 7.6 Business of Shareholders 32 SECTION 7.7 Authorization of Prospectus Memorandum 32 ARTICLE VIII BOOKS OF ACCOUNT AND REPORTS 33 32 SECTION 8.1 Books of Account 33 32 SECTION 8.2 Annual Updates, Quarterly Updates and Account Statements 33 SECTION 8.3 Tax Information 33 SECTION 8.4 Calculation of SOL Bitcoin Holdings 34 33 SECTION 8.5 Maintenance of Records 34 ARTICLE IX FISCAL YEAR 34 SECTION 9.1 Fiscal Year 34 ARTICLE X AMENDMENT OF TRUST AGREEMENT; MEETINGS 34 35 SECTION 10.1 Amendments to the Trust Agreement 34 35 SECTION 10.2 Meetings of the Trust 35 36 SECTION 10.3 Action Without a Meeting 36 ARTICLE XI TERM 36 37 SECTION 11.1 Term 36 ARTICLE XII 37 TERMINATION 36 37 SECTION 12.1 Events Requiring Dissolution of the Trust 36 37 SECTION 12.2 Distributions on Dissolution 38 SECTION 12.3 Termination; Certificate of Cancellation 38 ARTICLE XIII 39 MISCELLANEOUS 39 39 SECTION 13.1 Governing Law 39 SECTION 13.2 Provisions In Conflict With Law or Regulations 39 40 SECTION 13.3 Merger and Consolidation 40 SECTION 13.4 Construction 40 41 SECTION 13.5 Notices 40 41 SECTION 13.6 Counterparts; Electronic Signatures 41 SECTION 13.7 Binding Nature of Trust Agreement 41 SECTION 13.8 No Legal Title to Trust Estate 41 SECTION 13.9 Creditors 41 SECTION 13.10 Integration 42 SECTION 13.11 Goodwill; Use of Name 42 SECTION 13.12 Patriot Act Compliance 42 SECTION 13.13 Corporate Transparency Act 42 EXHIBIT A — Form of Certificate of Trust of Canary Marinade Solana ETF This FIRST AMENDED AND RESTATED TRUST AGREEMENT of CANARY MARINADE SOLANA ETF is made and entered into as of October 9, 2025 (“Trust Agreement”), by and among Canary Capital Group LLC, a Delaware limited liability company (“Sponsor”), CSC Delaware Trust Company, a Delaware corporation, as trustee (“Trustee”), and the SHAREHOLDERS from time to time hereunder.42

Appears in 1 contract

Sources: Declaration of Trust and Trust Agreement (Grayscale Bitcoin Trust (BTC))

No Management or Control. Limited Liability; Exercise of Rights through an Authorized Participant 30 26 SECTION 7.2 Rights and Duties 30 26 SECTION 7.3 Limitation of Liability 31 27 SECTION 7.4 Derivative Actions 31 27 SECTION 7.5 Appointment of Agents 32 28 SECTION 7.6 Business of Shareholders 32 28 SECTION 7.7 Authorization of Prospectus 32 28 ARTICLE VIII BOOKS OF ACCOUNT AND REPORTS 33 28 SECTION 8.1 Books of Account 33 28 SECTION 8.2 Annual Updates, Quarterly Updates and Account Statements 33 29 SECTION 8.3 Tax Information 33 29 SECTION 8.4 Calculation of SOL Ether Holdings 34 29 SECTION 8.5 Maintenance of Records 34 29 ARTICLE IX FISCAL YEAR 34 30 SECTION 9.1 Fiscal Year 34 30 ARTICLE X AMENDMENT OF TRUST AGREEMENT; MEETINGS 34 30 SECTION 10.1 Amendments to the Trust Agreement 34 30 SECTION 10.2 Meetings of the Trust 35 31 SECTION 10.3 Action Without a Meeting 36 31 ARTICLE XI TERM 36 31 SECTION 11.1 Term 36 31 ARTICLE XII TERMINATION 36 32 SECTION 12.1 Events Requiring Dissolution of the Trust 36 32 SECTION 12.2 Distributions on Dissolution 38 33 SECTION 12.3 Termination; Certificate of Cancellation 38 33 ARTICLE XIII MISCELLANEOUS 39 34 SECTION 13.1 Governing Law 39 34 SECTION 13.2 Provisions In Conflict With Law or Regulations 39 34 SECTION 13.3 Merger and Consolidation 40 35 SECTION 13.4 Construction 40 35 SECTION 13.5 Notices 40 35 SECTION 13.6 Counterparts; Electronic Signatures 41 36 SECTION 13.7 Binding Nature of Trust Agreement 41 36 SECTION 13.8 No Legal Title to Trust Estate 41 36 SECTION 13.9 Creditors 41 36 SECTION 13.10 Integration 42 36 SECTION 13.11 Goodwill; Use of Name 42 36 SECTION 13.12 Patriot Act Compliance 42 37 SECTION 13.13 Corporate Transparency Act 42 37 EXHIBIT A — Form of Certificate of Trust of Canary Marinade Solana ETF Fidelity Ethereum Fund This FIRST SECOND AMENDED AND RESTATED TRUST AGREEMENT of CANARY MARINADE SOLANA ETF FIDELITY ETHEREUM FUND is made and entered into as of October 9July 21, 2025 (“Trust Agreement”), by and among Canary Capital Group FD Funds Management LLC, a Delaware limited liability company (“Sponsor”), CSC Delaware Trust Company, a Delaware corporation, as trustee (“Trustee”), and the SHAREHOLDERS from time to time hereunder.

Appears in 1 contract

Sources: Trust Agreement (Fidelity Ethereum Fund)