Common use of Required Conditions Clause in Contracts

Required Conditions. No Shareholder may maintain a General Direct Action unless holders of at least ten percent (10%) of the outstanding Shares or, if less than all outstanding series or classes are alleged to have been harmed in connection with the General Direct Action, ten percent (10%) of the Shares in the respective series, class or classes alleged to have been harmed, join in the bringing of such action. In addition, a Shareholder may bring a General Direct Action only if the following conditions are met:

Appears in 8 contracts

Samples: Agreement and Declaration (Hamilton Lane Private Infrastructure Fund), Private Markets Fund (Apollo S3 Private Markets Fund), Declaration and Agreement (Coller Secondaries Private Equity Opportunities Fund)

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Required Conditions. No Shareholder may maintain a General Direct Action unless holders of at least ten percent (10%) of the outstanding Shares or, if less than all outstanding series or classes are alleged to have been harmed in connection with the General Direct Action, ten percent (10%) % of the Shares in the respective series, class or classes alleged to have been harmed, join in the bringing of such action. In addition, a Shareholder may bring a General Direct Action only if the following conditions are met:

Appears in 2 contracts

Samples: Declaration and Agreement (Entoro Gray Swan Fund), Declaration and Agreement (Entoro Gray Swan Fund)

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