Rights and Duties. The Shareholders shall have the following rights, powers, privileges, duties and liabilities: (a) The Shareholders shall have the right to obtain from the Sponsor information on all things affecting the Trust, provided that such information is for a purpose reasonably related to the Shareholder’s interest as a beneficial owner of the Trust. (b) The Shareholders shall receive the share of the distributions provided for in this Trust Agreement in the manner and at the times provided for in this Trust Agreement. (c) Except for the Shareholders’ transfer rights set forth in Article IV and the Shareholders’ redemption rights set forth in Article V hereof, Shareholders shall have the right to demand a redemption of their Shares only upon the dissolution and winding up of the Trust and only to the extent of funds available therefor, as provided in Section 12.2. In no event shall a Shareholder be entitled to demand or receive property other than cash upon the dissolution and winding up of the Trust. No Shareholder shall have priority over any other Shareholder as to distributions. The Shareholder shall not have any right to bring an action for partition against the Trust. (d) Shareholders holding Shares representing at least a majority (over 50%) of the Shares may vote to appoint a successor ▇▇▇▇▇▇▇ as provided in Section 6.10 or to continue the Trust as provided in Section 12.1(a)(iv). Except as set forth above, the Shareholders shall have no voting or other rights with respect to the Trust.
Appears in 7 contracts
Sources: Trust Agreement (Fidelity Wise Origin Bitcoin Fund), Trust Agreement (Fidelity Ethereum Fund), Trust Agreement (Fidelity Ethereum Fund)
Rights and Duties. The Shareholders shall have the following rights, powers, privileges, duties and liabilities:
(a) The Shareholders shall have the right to obtain from the Sponsor information on all things affecting the Trust, provided that such information is for a purpose reasonably related to the Shareholder’s interest as a beneficial owner of the Trust.
(b) The Shareholders shall receive the share of the distributions provided for in this Trust Agreement in the manner and at the times provided for in this Trust Agreement.
(c) Except for the Shareholders’ transfer rights set forth in Article IV and the Shareholders’ redemption rights set forth in Article V hereof, Shareholders shall have the right to demand a redemption of their Shares only upon the dissolution and winding up of the Trust and only to the extent of funds available therefor, as provided in Section 12.2. In no event shall a Shareholder be entitled to demand or receive property other than cash upon the dissolution and winding up of the Trust. No Shareholder shall have priority over any other Shareholder as to distributions. The Shareholder shall not have any right to bring an action for partition against the Trust.
(d) Shareholders holding Shares representing at least a majority (over 50%) of the Shares may vote to appoint a successor ▇S▇▇▇▇▇▇ as provided in Section 6.10 or to continue the Trust as provided in Section 12.1(a)(iv). Except as set forth above, the Shareholders shall have no voting or other rights with respect to the Trust.
Appears in 6 contracts
Sources: Trust Agreement (CoinShares XRP ETF), Trust Agreement (Canary Marinade Solana ETF), Trust Agreement (Canary XRP ETF)
Rights and Duties. The Shareholders shall have the following rights, powers, privileges, duties and liabilities:
(a) The Shareholders shall have the right to obtain from the Sponsor Manager information on all things affecting the TrustFund, provided that such information is for a purpose reasonably related to the Shareholder’s interest as a beneficial owner of the TrustFund.
(b) The Shareholders shall receive the share of the distributions provided for in this Trust Agreement in the manner and at the times provided for in this Trust Agreement.
(c) Except for the Shareholders’ transfer rights set forth in Article IV ARTICLE III and the Shareholders’ redemption rights set forth in Article V hereofARTICLE IV hereof (if authorized), Shareholders shall have be entitled to be withdraw from the right Fund only subsequent to demand a redemption of their Shares only upon the dissolution and winding up and liquidation of the Trust Fund and only to the extent of funds available therefor, as provided in Section 12.2SECTION 10.2. In no event shall a Shareholder be entitled to demand or receive property other than cash upon the winding up, liquidation and dissolution and winding up of the TrustFund. No Shareholder shall have priority over any other Shareholder as to distributions. The Shareholder shall not have any right to bring an action for partition against the TrustFund.
(d) Shareholders holding Shares representing at least a majority (over 50%) of the Shares may vote to appoint a successor ▇▇▇▇▇▇▇ Manager as provided in Section 6.10 SECTION 5.10 or to continue the Trust Fund as provided in Section 12.1(a)(ivSECTION 10.1(a)(ii). Except as set forth above, the Shareholders shall have no voting or other rights with respect to the TrustFund.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Grayscale CoinDesk Crypto 5 ETF), Limited Liability Company Agreement (Grayscale Digital Large Cap Fund LLC)
Rights and Duties. The Shareholders shall have the following rights, powers, privileges, duties and liabilities:
(a) The Shareholders shall have the right to obtain from the Sponsor information on all things affecting the Trust, provided that such information is for a purpose reasonably related to the Shareholder’s interest as a beneficial owner of the Trust.
(b) The Shareholders shall receive the share of the distributions provided for in this Trust Agreement in the manner and at the times provided for in this Trust Agreement.
(c) Except for the Shareholders’ transfer rights set forth in Article IV and the Shareholders’ redemption rights set forth in Article V hereof, Shareholders shall have the right to demand a redemption of their Shares only upon the dissolution and winding up of the Trust and only to the extent of funds available therefor, as provided in Section Section 12.2. In no event shall a Shareholder be entitled to demand or receive property other than cash upon the dissolution and winding up of the Trust. No Shareholder shall have priority over any other Shareholder as to distributions. The Shareholder shall not have any right to bring an action for partition against the Trust.
(d) Shareholders holding Shares representing at least a majority (over 50%) of the Shares may vote to appoint a successor ▇▇▇▇▇▇▇ as provided in Section 6.10 or to continue the Trust as provided in Section Section 12.1(a)(iv). Except as set forth above, the Shareholders shall have no voting or other rights with respect to the Trust.
Appears in 1 contract
Sources: Declaration of Trust and Trust Agreement (Grayscale Ethereum Trust (ETH))
Rights and Duties. The Shareholders shall have the following rights, powers, privileges, duties and liabilities:
(a) The Shareholders shall have the right to obtain from the Sponsor Manager information on all things affecting the TrustFund, provided that such information is for a purpose reasonably related to the Shareholder’s interest as a beneficial owner of the TrustFund.
(b) The Shareholders shall receive the share of the distributions provided for in this Trust Agreement in the manner and at the times provided for in this Trust Agreement.
(c) Except for the Shareholders’ transfer rights set forth in Article IV ARTICLE III and the Shareholders’ redemption rights set forth in Article V hereofARTICLE IV hereof (if authorized), Shareholders shall have be entitled to be withdraw from the right Fund only subsequent to demand a redemption of their Shares only upon the dissolution and winding up and liquidation of the Trust Fund and only to the extent of funds available therefor, as provided in Section 12.2SECTION 10.2. In no event shall a Shareholder be entitled to demand or receive property other than cash upon the winding up, liquidation and dissolution and winding up of the TrustFund. No Shareholder shall have priority over any other Shareholder as to distributions. The Shareholder shall not have any right to bring an action for partition against the TrustFund.
(d) Shareholders holding Shares representing at least a majority (over 50%) of the Shares may vote to appoint a successor ▇▇▇▇▇▇▇ Manager as provided in Section 6.10 SECTION 5.10 or to continue the Trust Fund as provided in Section 12.1(a)(ivSECTION 10.1(a)(ii). Except as set forth above, the Shareholders shall have no voting or other rights with respect to the TrustFund.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Grayscale Digital Large Cap Fund LLC)
Rights and Duties. The Shareholders shall have the following rights, powers, privileges, duties and liabilities:
(a) The Shareholders shall have the right to obtain from the Sponsor information on all things affecting the Trust, provided that such information is for a purpose reasonably related to the Shareholder’s interest as a beneficial owner of the Trust.
(b) The Shareholders shall receive the share of the distributions provided for in this Trust Agreement in the manner and at the times provided for in this Trust Agreement.
(c) Except for the Shareholders’ transfer rights set forth in Article IV and the Shareholders’ redemption rights set forth in Article V hereof, Shareholders shall have the right to demand a redemption of their Shares only upon the dissolution and winding up of the Trust and only to the extent of funds available therefor, as provided in Section 12.2. In no event shall a Shareholder be entitled to demand or receive property other than cash upon the dissolution and winding up of the Trust. No Shareholder shall have priority over any other Shareholder as to distributions. The Shareholder shall not have any right to bring an action for partition against the Trust.
(d) Shareholders holding Shares representing at least a majority (over 50%) of the Shares may vote to appoint a successor ▇▇▇▇▇▇▇ Sponsor as provided in Section 6.10 or to continue the Trust as provided in Section 12.1(a)(iv). Except as set forth above, the Shareholders shall have no voting or other rights with respect to the Trust.
Appears in 1 contract
Sources: Declaration of Trust and Trust Agreement (Grayscale Bitcoin Trust (BTC))