Common use of Establishment of Classes Clause in Contracts

Establishment of Classes. The establishment of any Class of the Trust shall be effective upon the adoption by the Board of Trustees of a resolution that sets forth the establishment and designation of or otherwise identifies such Class, whether directly in such resolution or by reference to, or approval of, another document that sets forth the establishment and designation of, or otherwise identifies, such Class (including any Registration Statement). The relative rights and preferences of the Classes shall be as set forth in a resolution adopted by the Board of Trustees or by reference to, or approval of, another document that sets forth the relative rights and preferences of such Class.

Appears in 4 contracts

Samples: Agreement And (Manulife Private Credit Fund), Agreement and Declaration of Trust (Manulife Private Credit Fund), Agreement and Declaration of Trust (John Hancock GA Senior Loan Trust)

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