Common use of Amendment Procedure Clause in Contracts

Amendment Procedure. (a) Except as provided in subsection (b) of this Section 11.3, this Declaration may be amended, after a majority of the Trustees have approved a resolution therefor, by the affirmative vote of the holders of not less than a majority of the affected Shares. The Trustees also may amend this Declaration without any vote of Shareholders to divide the Shares of the Trust into one or more classes or additional classes, to change the name of the Trust or any class, to make any change that does not adversely affect the relative rights or preferences of any Shareholder, as they may deem necessary, to conform this Declaration to the requirements of the 1940 Act or any other applicable federal laws or regulations including pursuant to Section 6.2 or the requirements of the regulated investment company provisions of the Code, but the Trustees shall not be liable for failing to do so.

Appears in 13 contracts

Samples: Agreement and Declaration (Blackrock New Jersey Municipal Income Trust), Agreement and Declaration (Blackrock New York Municipal Income Trust), Agreement and Declaration (Advantage Advisers Multi - Sector Fund I)

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Amendment Procedure. (ab) Except as provided in subsection (b) of this Section 11.3, this Declaration may be amended, after a majority of the Trustees have approved a resolution therefor, by the affirmative vote of the holders of not less than a majority of the affected Shares. The Trustees also may amend this Declaration without any vote of Shareholders to divide the Shares of the Trust into one or more classes or additional classes, to change the name of the Trust or any class, to make any change that does not adversely affect the relative rights or preferences of any Shareholder, as they may deem necessary, to conform this Declaration to the requirements of the 1940 Act or any other applicable federal laws or regulations including pursuant to Section 6.2 or the requirements of the regulated investment company provisions of the Code, but the Trustees shall not be liable for failing to do so.

Appears in 3 contracts

Samples: Blackrock New York Municipal 2018 Term Trust, Blackrock California Municipal 2018 Term Trust, Blackrock Municipal 2018 Term Trust

Amendment Procedure. (a) Except as provided in subsection (b) of this Section 11.314.3, this Declaration may be amended, after a majority of the Trustees (including a majority of the independent Trustees if such a vote is required under the 0000 Xxx) have approved a resolution therefor, by the affirmative vote required by Section 13.4 of the holders of not less than a majority of the affected Sharesthis Declaration. The Trustees also may amend this Declaration without any vote of Shareholders to divide the Shares of the Trust into one or more classes or additional classes, to change the name of the Trust or any classTrust, to make any other change that does not adversely affect the relative rights or preferences of any Shareholder, as they may deem necessary, or to conform this Declaration to the requirements of the 1940 Act or any other applicable federal laws or regulations including pursuant to Section 6.2 or the requirements of the regulated investment company provisions of the Code6.2, but the Trustees shall not be liable for failing to do so.

Appears in 3 contracts

Samples: 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), Agreement and Declaration of Trust (Legg Mason Permal Global Active Strategies Master Fund)

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Amendment Procedure. (a) Except as provided in subsection (b) of this Section 11.3Other than Sections 11.2 and 11.6, this Declaration may be amended, after a majority of the Trustees have approved a resolution therefor, by the affirmative vote of the holders of not less than a majority of the affected Shares. The Trustees also may amend this Declaration without any vote of Shareholders to divide the Shares of the Trust into one or more classes or additional classes, to change the name of the Trust or any class, to make any change that does not adversely affect the relative rights or preferences of any Shareholder, as they may deem necessary, to conform this Declaration to the requirements of the 1940 Act or any other applicable federal laws or regulations including pursuant to Section 6.2 or the requirements of the regulated investment company provisions of the Code, but the Trustees shall not be liable for failing to do so.

Appears in 2 contracts

Samples: Agreement and Declaration (DLJ High Yield Bond Fund), Agreement and Declaration (DLJ High Yield Bond Fund)

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