Common use of Supplemental Offering of Class or Series Shares Clause in Contracts

Supplemental Offering of Class or Series Shares. The Fund from time to time may create and sell additional Investor Shares or additional classes or series of Shares if the Manager in its sole discretion determines that the best interests of the Fund so require. The Manager is authorized to determine or alter any or all of the powers, rights, qualifications, limitations or restrictions granted or imposed upon any such series or supplemental Shares or the offering thereof, and to fix, alter or reduce the number of Shares comprising any such class or series, and to provide for the rights and terms of redemption or conversion of the Shares of any such class or series. Any such Shares may be offered to such persons and on such terms and conditions as the Fund may determine.

Supplemental Offering of Class or Series Shares. The Fund from time to time may create and sell additional Investor Shares or additional classes Classes or series Series of Shares if the Manager in its sole discretion determines that the best interests of the Fund so require. The Manager is authorized to determine or alter any or all of the powers, rights, qualifications, limitations or restrictions granted or imposed upon any such series Class or Series or supplemental Investor Shares or the offering thereof, and to fix, alter or reduce the number of Investor Shares comprising any such class Class or seriesSeries, and to provide for the rights and terms of redemption or conversion of the Investor Shares of any such class Class or seriesSeries. Any such Investor Shares may be offered to such persons and on such terms and conditions as the Fund may determine.