Common use of Number, Election, Term, Removal and Resignation Clause in Contracts

Number, Election, Term, Removal and Resignation. (a) The initial Board of Trustees shall be comprised of the Trustees entering into this Declaration of Trust on the date first written above, who shall hold office until the initial holder of a Share executes a consent in writing to elect a Board of Trustees that holds office in accordance with paragraph (c) of this Section 1. The initial Trustees shall (i) execute and file or cause to be filed the Certificate of Trust with the office of the Secretary of State of the State of Delaware and (ii) adopt the By-Laws. In accordance with Section 3801 of the DSTA, each Trustee shall become a Trustee and be bound by this Declaration of Trust and the By-Laws when such Person signs this Declaration of Trust as a trustee and/or is duly elected or appointed, qualified and serving on the Board of Trustees in accordance with the provisions hereof and the By-Laws, so long as such signatory or other Person continues in office in accordance with the terms hereof.

Appears in 12 contracts

Samples: Agreement and Declaration of Trust (Franklin Custodian Funds), Agreement and Declaration (Delaware Enhanced Global Dividend & Income Fund), Agreement and Declaration of Trust (Franklin Global Trust)

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Number, Election, Term, Removal and Resignation. (a) The initial Board of Trustees shall be is comprised of the Trustees entering into this Declaration of Trust on the date first written aboveof the initial adoption of this Declaration of Trust, who shall hold office until the initial holder of a Share executes a consent in writing to elect Shareholder(s) elect(s) a Board of Trustees comprised of Trustees that holds hold office in accordance with paragraph (c) of this Section 1. The initial Trustees Each Trustee shall (i) execute and file or cause to be filed the Certificate this Declaration of Trust with the office or a counterpart to this Declaration of the Secretary of State of the State of Delaware and (ii) adopt the By-LawsTrust. In accordance with Section 3801 of the DSTA, each Trustee shall become a Trustee and be bound by this Declaration of Trust and the By-Laws Bylaws when such Person signs this Declaration of Trust as a trustee Trustee and/or is duly elected or appointed, qualified qualified, and serving on the Board of Trustees in accordance with the provisions hereof and the By-LawsBylaws, so long as such signatory or other Person continues in office in accordance with the terms hereof.

Appears in 6 contracts

Samples: Agreement And (USQ Core Real Estate Fund), Agreement and Declaration of Trust (GuideMark Alternative Lending Income Fund), Agreement and Declaration (GuideMark Alternative Lending Income Fund)

Number, Election, Term, Removal and Resignation. (a) The initial Board of Trustees shall be comprised of the Trustees Trustee entering into this Declaration of Trust on the date first written above, who shall hold office until the initial holder of a Share executes a consent in writing to elect a Board of Trustees that holds office in accordance with paragraph subsection (c) of this Section 1. The initial Trustees Trustee shall (i) execute and file or cause to be filed the Certificate of Trust with the office of the Secretary of State of the State of Delaware and (ii) adopt the By-Laws. In accordance with Section 3801 of the DSTA, each Trustee shall become a Trustee and be bound by this Declaration of Trust and the By-Laws when such Person signs this Declaration of Trust as a trustee and/or is duly elected or appointed, qualified and serving on the Board of Trustees in accordance with the provisions hereof and the By-Laws, so long as such signatory or other Person continues in office in accordance with the terms hereof.

Appears in 5 contracts

Samples: Roundhill ETF Trust, Volatility Shares Trust, Bitwise Funds Trust

Number, Election, Term, Removal and Resignation. (a) The initial Board of Trustees shall be comprised of the Trustees Trustee entering into this Declaration of Trust on the date first written above, who shall hold office until the initial holder of a Share executes a consent in writing to elect a Board of Trustees that holds office in a accordance with paragraph (c) of this Section 1. The initial Trustees Trustee shall (i) execute and file or cause to be filed the Certificate of Trust with the office of the Secretary of State of the State of Delaware and (ii) adopt the By-LawsBylaws. In accordance with Section 3801 of the DSTA, each Trustee a Person shall become a Trustee and be bound by this Declaration of Trust and the By-Laws Bylaws when such Person signs this Declaration of Trust Trust, or a counterpart to this Declaration of Trust, as a trustee Trustee, and/or is duly elected or appointed, qualified and serving on the Board of Trustees in accordance with the provisions hereof of this Declaration of Trust and the By-LawsBylaws, so long as such signatory or other Person continues in office in accordance with the terms hereof.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Bennett Group Master Funds), Agreement and Declaration of Trust (Bennett Global Funds)

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Number, Election, Term, Removal and Resignation. (a) The initial Board of Trustees shall be comprised of the Trustees Trustee entering into this Declaration of Trust on the date first written above, who shall hold office until the initial holder of a Share executes a consent in writing to elect a Board of Trustees that holds office in accordance with paragraph (c) of this Section 1. The initial Trustees Trustee shall (i) execute and file or cause to be filed the Certificate of Trust with the office of the Secretary of State of the State of Delaware and (ii) adopt the By-Laws. In accordance with Section 3801 of the DSTA, each Trustee shall become a Trustee and be bound by this Declaration of Trust and the By-Laws when such Person signs this Declaration of Trust as a trustee and/or is duly elected or appointed, qualified and serving on the Board of Trustees in accordance with the provisions hereof and the By-Laws, so long as such signatory or other Person continues in office in accordance with the terms hereof.

Appears in 1 contract

Samples: Academy Funds Trust

Number, Election, Term, Removal and Resignation. (a) The initial Board of Trustees shall be comprised of the Trustees Trustee entering into this Declaration of Trust on the date first written above, who shall hold office until the initial holder of a Share executes a consent in writing to elect a Board of Trustees that holds office in accordance with paragraph subsection (c) of this Section 1. The initial Trustees Trustee shall (i) execute and file or cause to be filed the Certificate of Trust with the office of the Secretary of State of the State of Delaware and (ii) adopt the By-Laws. In accordance with Section 3801 of the DSTA, each Trustee shall become a Trustee and be bound by this Declaration of Trust and the By-Laws when such Person signs this Declaration of Trust as a trustee Trustee and/or is duly elected or appointed, qualified and serving on the Board of Trustees in accordance with the provisions hereof and the By-Laws, so long as such signatory or other Person continues in office in accordance with the terms hereof.

Appears in 1 contract

Samples: Madison ETFs Trust

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