Beneficial Interest. The beneficial interest in the Trust shall be divided into an unlimited number of transferable shares, and each share shall have no par value per share or such other amount as the Trustees may establish. All Shares issued in accordance with the terms hereof, including, without limitation, Shares issued in connection with a dividend in Shares or a split of Shares, shall be fully paid and nonassessable when the consideration determined by the Trustees (if any) therefor shall have been received by the Trust.
Appears in 21 contracts
Samples: Agreement and Declaration of Trust (Principal Real Estate Income Fund), Agreement and Declaration of Trust (Reaves Global Utility & Energy Income Fund), Agreement and Declaration (Principal Real Estate Income Fund)
Beneficial Interest. The beneficial interest in the Trust shall be divided into an unlimited number of transferable sharesshares of beneficial interest, and each share shall have no par value $.001 per share or such other amount as the Trustees may establishshare. All Shares issued in accordance with the terms hereof, including, without limitation, Shares issued in connection with a dividend in Shares or a split of Shares, shall be fully paid and nonassessable when the consideration determined by the Trustees (if any) therefor shall have been received by the Trust.
Appears in 12 contracts
Samples: Agreement and Declaration of Trust (MainStay CBRE Global Infrastructure Megatrends Term Fund), And Restated Agreement and Declaration of Trust (MainStay MacKay DefinedTerm Municipal Opportunities Fund), Agreement and Declaration of Trust (Blackstone Senior Floating Rate Term Fund)
Beneficial Interest. The beneficial interest in the Trust shall be divided into an unlimited number of transferable sharesshares of beneficial interest, and each share shall have no par value $0.001 per share or such other amount as the Trustees share. Such Shares of beneficial interest may establishbe issued in different classes and/or series of beneficial interests. All Shares issued in accordance with the terms hereof, including, without limitation, Shares issued in connection with a dividend in Shares or a split of Shares, shall be fully paid and nonassessable when the consideration determined by the Trustees (if any) therefor shall have been received by the Trust.
Appears in 11 contracts
Samples: Onex Direct Lending BDC (Onex Direct Lending BDC Fund), Agreement and Declaration of Trust (AGTB Private BDC), Agreement and Declaration
Beneficial Interest. The beneficial interest in the Trust shall be divided into an unlimited number of transferable sharesshares of beneficial interest, and each share shall have no par value $0.001 per share or such other amount as the Trustees may establishshare. All Shares issued in accordance with the terms hereof, including, without limitation, Shares issued in connection with a dividend in Shares or a split or reverse split of Shares, shall be fully paid and nonassessable when the consideration determined by the Trustees (if any) therefor shall have been received by the Trust.
Appears in 8 contracts
Samples: Agreement and Declaration of Trust (Thornburg Durable Allocation & Income Trust), Agreement and Declaration of Trust (Thornburg Strategic Income Opportunities Trust), Agreement and Declaration of Trust (Thornburg Strategic Income Opportunities Trust)
Beneficial Interest. The beneficial interest in the Trust shall be divided into an unlimited number of transferable sharesshares of beneficial interest, and each share shall have no par value $0.01 per share or such other amount as the Trustees share. Such Shares of beneficial interest may establishbe issued in different classes and/or series of beneficial interests. All Shares issued in accordance with the terms hereof, including, without limitation, Shares issued in connection with a dividend in Shares or a split of Shares, shall be fully paid and nonassessable when the consideration determined by the Trustees (if any) therefor shall have been received by the Trust.
Appears in 8 contracts
Samples: Agreement and Declaration of Trust (BIP Ventures Evergreen BDC), Agreement and Declaration of Trust (Wellings Real Estate Income Fund), Agreement and Declaration of Trust (Investcorp US Institutional Private Credit Fund)
Beneficial Interest. The beneficial interest in of the Trust Shareholders hereunder shall be divided into an unlimited number of transferable sharesshares of undivided beneficial interest, and each share shall have no without par value per share or such other amount as the Trustees may establishvalue. All Shares issued in accordance with the terms hereof, including, without limitation, Shares issued in connection with a dividend in Shares or a split of Shares, shall be fully paid and nonassessable when the consideration determined by the Trustees (if any) therefor shall have been received by the Trust.
Appears in 8 contracts
Samples: Agreement and Declaration of Trust (A&Q Masters Fund), Agreement and Declaration of Trust (A&Q Multi-Strategy Fund), Agreement and Declaration of Trust (O'Connor Fund of Funds: Masters)
Beneficial Interest. The beneficial interest in the Trust shall be divided into an unlimited number of transferable sharesshares of beneficial interest, and each share shall have no par value $.001 per share or such other amount as the Trustees may establishshare. All Shares issued in accordance with the terms hereof, including, without limitation, Shares issued in connection with a dividend or distribution in Shares or a split of Shares, shall be fully paid and nonassessable when the consideration determined by the Trustees (if any) therefor shall have been received by the Trust.
Appears in 6 contracts
Samples: Agreement and Declaration of Trust (Private Advisors Alternative Strategies Fund), Agreement and Declaration (Private Advisors Alternative Strategies Master Fund), Agreement and Declaration of Trust (Private Advisors Alternative Strategies Master Fund)
Beneficial Interest. The beneficial interest in the Trust shall be divided into an unlimited number of transferable sharesshares of beneficial interest, and each share shall have no par value $.001 per share or such other amount as the Trustees share. Such shares of beneficial interest may establishbe issued in different classes and/or series of beneficial interests. All Shares issued in accordance with the terms hereof, including, without limitation, Shares issued in connection with a dividend in Shares or a split of Shares, shall be fully paid and nonassessable when the consideration determined by the Trustees (if any) therefor shall have been received by the Trust.
Appears in 3 contracts
Samples: Agreement and Declaration of Trust (Blackstone Real Estate Income Fund II), Agreement and Declaration of Trust (Blackstone Real Estate Income Master Fund), Agreement and Declaration of Trust (Blackstone Real Estate Income Fund)
Beneficial Interest. The beneficial interest in the Trust shall be divided into an unlimited number of transferable sharesshares of beneficial interest, and each share shall have no par value $0.001 per share or such other amount as the Trustees may establishshare. All Shares issued in accordance with the terms hereof, including, without limitation, Shares issued in connection with a dividend in Shares or a split of Shares, shall be fully paid and nonassessable when the consideration determined by the Trustees (if any) therefor shall have been received by the Trust.
Appears in 2 contracts
Samples: Agreement and Declaration of Trust (Eagle Growth & Income Opportunities Fund), Agreement and Declaration of Trust (THL Credit Senior Loan Fund)
Beneficial Interest. The beneficial interest in the Trust shall be divided into an unlimited number of transferable sharesshares of beneficial interest, and each share shall have no par value $ .001 per share or such other amount as the Trustees may establishshare. All Shares issued in accordance with the terms hereof, including, without limitation, Shares issued in connection with a dividend in Shares or a split of Shares, shall be fully paid and nonassessable when the consideration determined by the Trustees (if any) therefor shall have been received by the Trust.
Appears in 1 contract
Samples: Agreement and Declaration (MainStay MacKay DefinedTerm Municipal Opportunities Fund)
Beneficial Interest. The the beneficial interest in the Trust shall be divided into an unlimited number of transferable shares, and each share shall have no par value per share or such other amount as the Trustees may establish. All Shares issued in accordance with the terms hereof, including, without limitation, Shares issued in connection with a dividend in Shares or a split of Shares, shall be fully paid and nonassessable when the consideration determined by the Trustees (if any) therefor shall have been received by the Trust.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Utility Income Trust)
Beneficial Interest. The beneficial interest in the Trust shall be divided into an unlimited number of transferable sharesshares of beneficial interest, and each share shall have no par value $.001 per share or such other amount as the Trustees share. Such Shares of beneficial interest may establishbe issued in different classes and/or series of beneficial interests. All Shares issued in accordance with the terms hereof, including, without limitation, Shares issued in connection with a dividend in Shares or a split of Shares, shall be fully paid and nonassessable when the consideration determined by the Trustees (if any) therefor shall have been received by the Trust.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Blackstone / GSO Floating Rate Enhanced Income Fund)
Beneficial Interest. (a) The beneficial interest in of the Trust beneficiaries shall be divided into an unlimited number of transferable shares, and each share shall have no all without par value per share or such other amount as the value. The Trustees may establishdivide Shares into one or more Classes. All Shares issued in accordance with the terms hereof, including, without limitation, Shares issued in connection with a dividend or distribution in Shares or a split of Shares, shall be fully paid and and, except as provided in the last sentence of Section 3.8, nonassessable when the consideration determined by the Trustees (if any) therefor shall have been received by the Trust.
Appears in 1 contract
Samples: Investment Advisory Agreement (Vertical Capital Income Fund)
