Absence of Appraisal or Dissenters’ Rights Sample Clauses
The "Absence of Appraisal or Dissenters’ Rights" clause establishes that shareholders do not have the right to demand a formal valuation of their shares or to dissent from a corporate action in a way that would entitle them to receive payment for the fair value of their shares. In practice, this means that if the company undergoes a merger, sale, or other significant transaction, shareholders must accept the terms as set forth and cannot invoke statutory rights to challenge the transaction or seek a court-ordered appraisal. The core function of this clause is to prevent delays and disputes arising from dissenting shareholders, thereby ensuring smoother and more predictable execution of major corporate actions.
Absence of Appraisal or Dissenters’ Rights. No Shareholder shall be entitled, as a matter of right, to relief as a dissenting Shareholder in respect of any proposal or action involving the Trust or any Series or any Class thereof.
Absence of Appraisal or Dissenters’ Rights. No Shareholder shall be entitled, as a matter of right, to an appraisal by the Delaware Court of Chancery or otherwise of the fair value of the Shareholder’s Shares or to any other relief as a dissenting Shareholder in respect of any proposal or action involving the Trust or any class of Shares or otherwise.