Lapse of voting right. A lapse of a voting right occurs at the time a pres- ently exercisable voting right is re- stricted or eliminated.
Lapse of voting right Sample Clauses
Related to Lapse of voting right
Exercise of Voting Rights Except as instructed otherwise by the Trustees of the Trust or the Adviser, the Subadviser shall at its discretion exercise or procure the exercise of any voting right attaching to investments of the Fund. The Adviser agrees and acknowledges that the Subadviser shall not be obligated to take any action with respect to any class action proceedings or other legal action concerning securities held in the Fund's portfolio, except to forward to the Adviser in a timely fashion any notice of such an action that the Subadviser may receive.
No Voting Rights Holder, as a Holder of this Warrant, will not have any voting rights until the exercise of this Warrant.
Voting Rights The holders of shares of Series A Preferred Stock shall have the following voting rights:
