Continuing Trustee; Definition. For purposes of this Declaration and the Bylaws, the term “Continuing Trustee” shall mean any member of the Board of Trustees who either (a) has been a member of the Board of Trustees for a period of at least thirty-six months (or since the commencement of the Trust’s operations, if less than thirty-six months) or (b) was nominated to serve as a member of the Board of Trustees by a majority of the Continuing Trustees then members of the Board of Trustees.
Appears in 58 contracts
Sources: Agreement and Declaration of Trust (DoubleLine Shiller CAPE Enhanced Income Fund), Agreement and Declaration of Trust (DoubleLine Shiller CAPE Enhanced Income Fund), Agreement and Declaration of Trust (DoubleLine Shiller CAPE Enhanced Income Fund)
Continuing Trustee; Definition. For purposes of this Declaration and the Bylaws, the term “"Continuing Trustee” " shall mean any member of the Board of Trustees who either (a) has been a member of the Board of Trustees for a period of at least thirty-six months (or since the commencement of the Trust’s 's operations, if less than thirty-six months) or (b) was nominated to serve as a member of the Board of Trustees by a majority of the Continuing Trustees then members of the Board of Trustees.
Appears in 25 contracts
Sources: Agreement and Declaration of Trust (Pimco Floating Rate Income Fund), Agreement and Declaration of Trust (Pimco New York Municipal Income Fund Iii), Agreement and Declaration of Trust (Nicholas Applegate Convertible & Income Fund Ii)
Continuing Trustee; Definition. For purposes of this Declaration and the Bylaws, the term “Continuing Trustee” shall mean any member of the Board of Trustees who either (a) has been a member of the Board of Trustees for a period of at least thirty-six months (or since the commencement of the Trust’s operations, if less than thirty-six months) date when Shares are first sold pursuant to a public offering or (b) was nominated to serve as a member of the Board of Trustees Trustees, or designated as a Continuing Trustee, by a majority of the Continuing Trustees then members of the Board of Trustees.
Appears in 11 contracts
Sources: Agreement and Declaration of Trust (PIMCO Municipal Credit Income Fund), Agreement and Declaration of Trust (PIMCO California Flexible Municipal Income Fund), Agreement and Declaration of Trust (PIMCO California Flexible Municipal Income Fund)
Continuing Trustee; Definition. For purposes of this Declaration and the Bylaws, the term “Continuing Trustee” shall mean any member of the Board of Trustees who either (a) has been a member of the Board of Trustees for a period of at least [thirty-six months months] (or since the commencement of the Trust’s operations, if less than thirty-six months) or (b) was nominated to serve as a member of the Board of Trustees by a majority of the Continuing Trustees then members of the Board of Trustees.
Appears in 2 contracts
Sources: Agreement and Declaration of Trust (PRCM Global EcoTrends Fund), Agreement and Declaration of Trust (Allianz RCM Global EcoTrends Fund)
Continuing Trustee; Definition. For purposes of this Declaration and the Bylaws, the term “"Continuing Trustee” " shall mean any member of the Board of Trustees who either (a) has been a member of the Board of Trustees for a period of at least thirty-six months (or since immediately after the commencement initial registered public offering of the Trust’s operations's Shares, if less than thirty-six months) or (b) was nominated to serve as a member of the Board of Trustees by a majority of the Continuing Trustees then members of the Board of Trustees.
Appears in 2 contracts
Sources: Agreement and Declaration of Trust (Aew Real Estate Income Fund), Agreement and Declaration of Trust (Aew Real Estate Income Fund)