Number and Qualification. As of the date hereof, the number of Trustees shall be four (4) and such Trustees shall be the signatories hereto. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, or by resolution approved at a duly constituted meeting, provided that the number of Trustees shall be no less than two or more than thirteen. 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. Trustees need not own Shares and may succeed themselves in office.
Appears in 5 contracts
Sources: Agreement and Declaration of Trust (TPG Private Markets Fund), Agreement and Declaration of Trust (iDirect Private Credit Fund, L.P.), Agreement and Declaration of Trust (Morgan Stanley Private Markets & Alternatives Fund)
Number and Qualification. As of the date hereof, the number of Trustees shall be four (4) [·] and such Trustees shall be the signatories hereto. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, or by resolution approved at a duly constituted meeting, provided that the number of Trustees shall be no less than two or more than thirteen. 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. Trustees need not own Shares and may succeed themselves in office.
Appears in 2 contracts
Sources: Agreement and Declaration of Trust (USVC Venture Capital Access Fund), Agreement and Declaration of Trust (USVC Venture Capital Access Fund)
Number and Qualification. As of the date hereof, the number of Trustees shall be four (4) five and such Trustees the Trustees, as of the date hereof, shall be the signatories hereto. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, or by resolution approved at a duly constituted meetingoffice in accordance with the Trust’s by-laws, provided that the number of Trustees shall be no less than two one or more than thirteenfifteen. 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. Trustees need not own Shares and may succeed themselves in office.
Appears in 2 contracts
Sources: Agreement and Declaration of Trust (Stellus Private Credit BDC), Agreement and Declaration of Trust (Stellus Private Credit BDC)
Number and Qualification. As of the date hereof, hereof the number of Trustees shall be four (4) and such Trustees five, who shall be the signatories hereto. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, or by resolution approved at a duly constituted meeting, provided that the number of Trustees shall be no less than two or more than thirteenthree. 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 not be under legal disability at the time of nomination. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Sources: Agreement and Declaration of Trust (THL Credit Senior Loan Fund)
Number and Qualification. As of the date hereof, the number of Trustees shall be four (4) five and such Trustees the Trustees, as of the date hereof, shall be the signatories hereto. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, or by resolution approved at a duly constituted meetingoffice in accordance with the Trust’s By-Laws, provided that the number of Trustees shall be no less than two or more than thirteenone. 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. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Sources: Agreement and Declaration of Trust (Kennedy Lewis Capital Co)
Number and Qualification. As of the date hereof, the number of Trustees shall be four (4) three and such Trustees the Trustees, as of the date hereof, shall be the signatories hereto. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, or by resolution approved at a duly constituted meetingoffice in accordance with the Trust’s by-laws, provided that the number of Trustees shall be no less than two one or more than thirteenfifteen. 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. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Sources: Agreement and Declaration of Trust (Investcorp US Institutional Private Credit Fund)
Number and Qualification. As of the date hereof, the number of Trustees shall be four (4) three and such Trustees shall be the signatories hereto. Thereafter, the number of Trustees shall be determined by a written instrument signed by a majority of the Trustees then in office, or by resolution approved at a duly constituted meeting, provided that the number of Trustees shall be no less than two or more than thirteen. 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. Trustees need not own Shares and may succeed themselves in office.
Appears in 1 contract
Sources: Agreement and Declaration of Trust (USVC Venture Capital Access Fund)