Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nine. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 44 contracts
Sources: Trust Agreement (Blackrock New York Municipal 2022 Term Trust), Agreement and Declaration of Trust (Mbia Capital Claymore Managed Duration New Jersey Mun Tru), Agreement and Declaration of Trust (Blackrock New York Municipal 2018 Term Trust)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than ninefifteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 36 contracts
Sources: Agreement and Declaration of Trust (Blackstone Senior Floating Rate Term Fund), Agreement and Declaration of Trust (Blackstone Senior Floating Rate Term Fund), Agreement and Declaration of Trust (BlackRock Private Investments Fund)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two (2) or more than ninefifteen (15). No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 19 contracts
Sources: Agreement and Declaration of Trust (Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust), Agreement and Declaration of Trust (Guggenheim Active Allocation Fund), Agreement and Declaration of Trust (Guggenheim Strategic Opportunities Fund)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nineeight. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 16 contracts
Sources: Agreement and Declaration of Trust (Madison Covered Call & Equity Strategy Fund), Agreement and Declaration of Trust (Center Coast MLP & Infrastructure Fund), Agreement and Declaration of Trust (Claymore/Guggenheim Strategic Opportunities Fund)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nineeleven. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 14 contracts
Sources: Agreement and Declaration of Trust (BlackRock Preferred & Equity Advantage Trust), Agreement and Declaration of Trust (BlackRock Long-Term Municipal Advantage Trust), Agreement and Declaration of Trust (Highland Credit Strategies Fund)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined no less than three or more than fifteen, provided, however, that the number of Trustees may be increased or decreased by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nine. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 11 contracts
Sources: Agreement and Declaration of Trust (Blackrock New Jersey Strategic Municipal Trust), Agreement and Declaration of Trust (Blackrock 2012 Term Trust), Agreement and Declaration of Trust (Blackrock 2012 Term Trust)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than ninethirteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 72 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 10 contracts
Sources: Trust Agreement (Entrust Multi-Strategy Fund), Trust Agreement (EnTrust Multi-Strategy Master Fund), Agreement and Declaration of Trust (AIP Macro Registered Fund P)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nine. No reduction reduc tion in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination nomina tion and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 9 contracts
Sources: Agreement and Declaration of Trust (BlackRock Strategic Opportunity Trust), Agreement and Declaration of Trust (Blackrock New York Municipal Bond Trust), Agreement and Declaration of Trust (Blackrock Florida Municipal Bond Trust)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in officeTrustees, provided that the number of Trustees shall be no less than two one or more than ninefifteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 7 contracts
Sources: Trust Agreement (BlackRock 2038 Municipal Target Term Trust), Amended and Restated Agreement and Declaration of Trust (BlackRock 2037 Municipal Target Term Trust), Agreement and Declaration of Trust (BlackRock Science & Technology Trust III)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two three or more than ninethirteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 72 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 6 contracts
Sources: Agreement and Declaration of Trust (Morgan Creek Global Funds), Agreement and Declaration of Trust (Morgan Creek Global Equity Long/Short Institutional Fund), Trust Agreement (Morgan Creek Global Equity Long/Short Fund)
Number and Qualification. Prior to a public offering of Shares Shares, there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by such number, not less than three nor more than fifteen, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nine. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and shall not older than 80 years of age at the time of nomination and not be under a legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 6 contracts
Sources: Trust Agreement (Global Real Estate Investments Fund), Trust Agreement (Alpine Rising Dynamic Dividend Fund), Agreement and Declaration of Trust (Global Real Estate Opportunity Trust)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nineten. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 6 contracts
Sources: Agreement and Declaration of Trust (Guggenheim Equal Weight Enhanced Equity Income Fund), Agreement and Declaration of Trust (Guggenheim Dynamic Opportunities Fund), Agreement and Declaration of Trust (GUGGENHEIM LTD DURATION TOTAL RETURN TRUST)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nineseven. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 5 contracts
Sources: Agreement and Declaration of Trust (Advent/Claymore Enhanced Growth & Income Fund), Agreement and Declaration of Trust (Advent Claymore Convertible Securities & Income Fund), Agreement and Declaration of Trust (Ts&w / Claymore Tax-Advantaged Balanced Fund)
Number and Qualification. Prior to a public offering of Shares Shares, there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, ; provided that the number of Trustees shall be no less than two or more than ninethree. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 4 contracts
Sources: Agreement and Declaration of Trust (Central Park Group Multi-Event Fund), Agreement and Declaration of Trust (UBS Enso Fund), Agreement and Declaration of Trust (Central Park Group Multi-Event Fund)
Number and Qualification. Prior to a public offering of Shares ------------------------ there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nine. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 4 contracts
Sources: Agreement and Declaration of Trust (Blackrock Florida Municipal Income Trust), Agreement and Declaration of Trust (Blackrock New York Municipal Income Trust), Agreement and Declaration of Trust (Blackrock Municipal Income Trust)
Number and Qualification. Prior to a public offering of Shares Shares, there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by such number, not less than three or more than fifteen, as shall be set forth in a written instrument signed or adopted by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nine. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and shall not older than 80 years of age at the time of nomination and not be under a legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 3 contracts
Sources: Agreement and Declaration of Trust (Alpine Global Premier Properties Fund), Agreement and Declaration of Trust (Alpine Global Dynamic Dividend Fund), Agreement and Declaration of Trust (Alpine Total Dynamic Dividend Fund)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than ninethirteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 72 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 3 contracts
Sources: Agreement and Declaration of Trust (Pine Grove Alternative Institutional Fund), Trust Agreement (Pine Grove Alternative Institutional Fund), Trust Agreement (Pine Grove Alternative Fund)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two (2) or more than ninenine (9). No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his or her term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 3 contracts
Sources: Agreement and Declaration of Trust (Octagon XAI CLO Income Fund), Agreement and Declaration of Trust (XAI Octagon Credit Trust), Second Amended and Restated Agreement and Declaration of Trust (XAI Octagon Floating Rate Alternative Income Term Trust)
Number and Qualification. Prior to a public offering of Shares Shares, there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, ; provided that the number of Trustees shall be no less than two or more than nine. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 3 contracts
Sources: Agreement and Declaration of Trust (Advantage Advisers Multi - Sector Fund I), Agreement and Declaration of Trust (Advantage Advisers Multi - Sector Fund I), Agreement and Declaration of Trust (Advantage Advisers Multi - Sector Fund I)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nine. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination nomina tion and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 3 contracts
Sources: Agreement and Declaration of Trust (Blackrock Limited Duration Income Trust), Agreement and Declaration of Trust (Blackrock Maryland Municipal Bond Trust), Agreement and Declaration of Trust (Blackrock California Municipal Bond Trust)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in officeTrustees, provided that the number of Trustees shall be no less than two or more than ninefifteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 2 contracts
Sources: Agreement and Declaration of Trust (BlackRock Health Sciences Trust II), Agreement and Declaration of Trust (BlackRock Capital Allocation Trust)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than ninefifteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.. [Signature Page Follows]
Appears in 2 contracts
Sources: Amended and Restated Agreement and Declaration of Trust (Claymore Exchange-Traded Fund Trust), Amended and Restated Agreement and Declaration of Trust (Claymore Exchange-Traded Fund Trust 2)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two one or more than ninefifteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 72 years of age at the time of nomination (except currently serving Trustees who may be renominated until the age of 75) and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 2 contracts
Sources: Agreement and Declaration of Trust (Legg Mason Permal Global Active Strategies TEI Fund), Agreement and Declaration of Trust (Legg Mason Permal Global Active Strategies Fund)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nine. No reduction reduc- tion in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination nomina tion and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 2 contracts
Sources: Agreement and Declaration of Trust (Blackrock California Municipal Income Trust Ii), Agreement and Declaration of Trust (Blackrock Municipal Income Trust Ii)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, ; provided that the number of Trustees shall be no less than two (2) or more than ninefifteen (15). No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his or her term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 twenty-one (21) years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 2 contracts
Sources: Trust Agreement (Pershing Square USA, Ltd.), Agreement and Declaration of Trust (Pershing Square USA, Ltd.)
Number and Qualification. Prior to a public offering of Shares Shares, there may be a sole Trustee. ThereafterTrustee and thereafter, the number of Trustees shall be determined no less than three or more than fifteen, provided, however, that the number of Trustees may be increased or decreased by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nine. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 70 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 2 contracts
Sources: Agreement and Declaration of Trust (DLJ High Yield Bond Fund), Agreement and Declaration of Trust (DLJ High Yield Bond Fund)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nineseventeen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 75 years of age at the time of nomination (unless otherwise agreed to by a majority of the Trustees then in office) and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Sources: Trust Agreement (J.P. Morgan Access Multi-Strategy Fund II)
Number and Qualification. Prior to a public offering of Shares Shares, there may be a sole Trustee. ThereafterTrustee and thereafter, the number of Trustees shall be determined no less than one or more than fifteen, provided, however, that the number of Trustees may be increased or decreased by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nine. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 70 years of age at the time of nomination appointment or election and not under legal disability. Trustees need not own Shares or reside in any particular jurisdiction and may succeed themselves in office.
Appears in 1 contract
Sources: Agreement and Declaration of Trust (Baron Capital Funds Trust)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nineeight. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years 21years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Sources: Agreement and Declaration of Trust (Javelin Exchange-Traded Trust)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. ThereafterAfter organization of the Fund, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in officeoffice or by resolution of the Board of Trustees, provided that the number of Trustees shall be no less than two three or more than nineten. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Sources: Agreement and Declaration of Trust (Pomona Investment Fund)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nine. No reduction reduc- tion in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Sources: Agreement and Declaration of Trust (Blackrock New York Municipal Income Trust Ii)
Number and Qualification. Prior to a public offering of ------------------------ Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nine. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Sources: Agreement and Declaration of Trust (Blackrock California Municipal Income Trust)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two one or more than ninefifteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 72 years of age at the time of nomination (except currently serving Trustees who may be re-nominated until the age of 75) and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Sources: Agreement and Declaration of Trust (Legg Mason Permal Global Active Strategies Master Fund)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nine. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 years of age at the time of nomination nomina- tion and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Sources: Agreement and Declaration of Trust (Blackrock Managed Duration Trust)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nineeight. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 72 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Sources: Agreement and Declaration of Trust (Claymore/Raymond James SB-1 Equity Fund)
Number and Qualification. Prior to a public offering of Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, ; provided that the number of Trustees shall be no less than two or more than ninefifteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his or her term. An individual nominated as a Trustee shall shall, at the time of nomination, be at least 21 years of age and not older than 80 75 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Sources: Trust Agreement (Little Harbor MultiStrategy Composite Fund)
Number and Qualification. Prior to a public offering of Shares Shares, there may be a sole Trustee. ThereafterTrustee and thereafter, the number of Trustees shall be determined no less than three or more than seven, provided, however, that the number of Trustees may be increased or decreased by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than two or more than nine. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 80 70 years of age at the time of nomination and not under legal disability. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Sources: Agreement and Declaration of Trust (Credit Suisse Opportunity Funds)