Number and Qualification. Prior to the offering of Shares in accordance with the Prospectus there may be a Sole Trustee. For the avoidance of doubt, such Sole Trustee shall constitute the initial Board of Trustees of the Trust and may exercise all powers and authority granted to a Trustee and the Board of Trustees hereunder. As of the date hereof, the number of Trustees shall be five (5), 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, 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 6 contracts
Sources: Trust Agreement (StepStone Private Equity Strategies Fund), Agreement and Declaration of Trust (StepStone Private Equity Strategies Fund), Agreement and Declaration of Trust (StepStone Private Credit Co-Investment Fund)
Number and Qualification. Prior to the offering of Shares in accordance with the Prospectus Prospectus, there may be a Sole Trustee. For the avoidance of doubt, such Sole Trustee shall constitute the initial Board of Trustees of the Trust and may exercise all powers and authority granted to a Trustee and the Board of Trustees hereunder. As The initial Sole Trustee of the date hereof, the number of Trustees Trust shall be five (5), and such Trustees shall be the signatories heretoE▇▇▇ ▇▇▇▇▇. 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 one (1) and no more than thirteenfifteen (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. Trustees need not own Shares and may succeed themselves in office.
Appears in 3 contracts
Sources: Agreement and Declaration of Trust (Calamos Aksia Hedged Strategies Fund), Agreement and Declaration of Trust (Calamos Aksia Hedged Strategies Fund), Agreement and Declaration of Trust (Calamos Aksia Private Equity & Alternatives Fund)
Number and Qualification. Prior to the offering of Shares in accordance with the Prospectus Prospectus, there may be a Sole Trustee. For the avoidance of doubt, such Sole Trustee shall constitute the initial Board of Trustees of the Trust and may exercise all powers and authority granted to a Trustee and the Board of Trustees hereunder. As of the date hereof, the number of Trustees shall be five (5), ) 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, provided that the number of Trustees shall be no less than two or one (1) and no more than thirteenfifteen (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. Trustees need not own Shares and may succeed themselves in office.
Appears in 3 contracts
Sources: Agreement and Declaration of Trust (Accordant ODCE Index Fund), Agreement and Declaration of Trust (Calamos Aksia Alternative Credit & Income Fund), Agreement and Declaration of Trust (Calamos-Avenue Opportunities Fund)