Common use of Combination of Classes Clause in Contracts

Combination of Classes. The Board of Trustees shall have the authority, without the approval, vote or consent of the Shareholders of any Class, unless otherwise required by applicable law, to combine, merge or otherwise consolidate the Shares of two or more Classes of Shares with and/or into a single Class of Shares, with such designation, preference, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications, terms and conditions of redemption and other characteristics as the Trustees may determine; provided, however, that the Trustees shall provide written notice to the affected Shareholders of any such transaction. The transaction may be effected through share-for-share exchanges, transfers or sales of assets, Shareholder in-kind redemptions and purchases, exchange offers, or any other method approved by the Trustees.

Combination of Classes. The Board of Trustees shall have the authority, without the approval, vote vote, or consent of the Shareholders of any Class, unless otherwise required by applicable law, to combine, merge merge, or otherwise consolidate the Shares of two or more Classes of Shares with and/or into a single Class of Shares, with such designation, preference, conversion conversion, or other rights, voting powers, restrictions, limitations as to dividends, qualifications, terms and conditions of redemption redemption, and other characteristics as the Trustees may determine; provided, however, that the Trustees shall provide written notice to the affected Shareholders of any such transaction. The transaction may be effected through share-for-share exchanges, transfers transfers, or sales of assets, Shareholder in-kind redemptions and purchases, exchange offers, or any other method approved by the Trustees.