Legal Title. Legal title to all the Trust Property shall be vested in the Trust as a separate legal entity except that the Trustees shall have power to cause legal title to any Trust Property to be held by or in the name of one or more of the Trustees, or in the name of any other Person as nominee, custodian or pledgee, on such terms as the Trustees may determine, provided that the interest of the Trust therein is appropriately protected. To the extent any Trust Property is titled in the name of one or more Trustees, the right, title and interest of such Trustees in the Trust Property shall vest automatically in each person who may hereafter become a Trustee upon his due election and qualification. Upon the ceasing of any person to be a Trustee for any reason, such person shall automatically cease to have any right, title or interest in any of the Trust Property, and the right, title and interest of such Trustee in the Trust Property shall vest automatically in the remaining Trustees. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.
Appears in 38 contracts
Samples: Onex Direct Lending BDC (Onex Direct Lending BDC Fund), Agreement and Declaration (Kennedy Lewis Capital Co), Agreement and Declaration (Kennedy Lewis Capital Co)
Legal Title. Legal title to all the Trust Property shall be vested in the Trust Trustees as a separate legal entity joint tenants except that the Trustees shall have power to cause legal title to any Trust Property to be held by or in the name of one or more of the Trustees, or in the name of the Trust or any Series of the Trust, or in the name of any other Person as nominee, custodian or pledgee, on such terms as the Trustees may determine, provided that the interest of the Trust therein is deemed appropriately protected. To the extent any Trust Property is titled in the name of one or more Trustees, the The right, title and interest of such the Trustees in the Trust Property and the Property of each Series of the Trust shall vest automatically in each person Person who may hereafter become a Trustee upon his due election and qualificationTrustee. Upon the ceasing termination of any person to be the term of office, resignation, removal or death of a Trustee for any reason, such person he shall automatically cease to have any right, title or interest in any of the Trust Property, and the right, title and interest of such Trustee in the Trust Property shall vest automatically in the remaining Trustees. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.
Appears in 11 contracts
Samples: Agreement and Declaration (John Hancock Preferred Income Fund Iii), Agreement and Declaration of Trust (John Hancock Tax-Advantaged Dividend Income Fund), Agreement and Declaration (John Hancock Preferred Income Fund Iii)
Legal Title. Legal title to all of the Trust Property shall at all times be vested in the Trust as a separate legal entity entity, except that the Board of Trustees shall have the power to cause legal title to any Trust Property to be held by or in the name of one or more of the Trustees, or in the name of any other Person as nominee, custodian or pledgee, on such terms as the Trustees may determine, provided that the interest of the Trust therein is appropriately protected. To In the extent event that title to any part of the Trust Property is titled vested in the name of one or more Trustees, the right, title and interest of such the Trustees in the Trust Property shall vest automatically in each person who may hereafter become a Trustee upon his due election and qualification. Upon the ceasing of any person to be a Trustee for any reason, such person shall automatically cease to have any right, title or interest in any of the Trust Property, and the right, title and interest of such Trustee in the Trust Property shall vest automatically in the remaining Trustees. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.
Appears in 9 contracts
Samples: Agreement and Declaration of Trust (BlackRock 2038 Municipal Target Term Trust), Agreement and Declaration of Trust (BlackRock 2037 Municipal Target Term Trust), Agreement and Declaration of Trust (BlackRock Science & Technology Trust III)
Legal Title. Legal title to all of the Trust Property shall be vested in the Trust as a separate legal entity except that the Trustees shall have power to cause legal title to any Trust Property to be held by or in the name of one or more of the Trustees, or in the name of any other Person as nominee, custodian or pledgee, on such terms as the Trustees may determine, provided that the interest of the Trust therein is appropriately protected. To the extent any Trust Property is titled in the name of one or more Trustees, the right, title and interest of such Trustees in the Trust Property shall vest automatically in each person who may hereafter become a Trustee upon his due election and qualification. Upon the ceasing of any person to be a Trustee for any reason, such person shall automatically cease to have any right, title or interest in any of the Trust Property, and the right, title and interest of such Trustee in the Trust Property shall vest automatically in the remaining Trustees. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.
Appears in 6 contracts
Samples: Agreement and Declaration (Middle Market Apollo Institutional Private Lending), Agreement and Declaration (Middle Market Apollo Institutional Private Lending), Agreement and Declaration (Diameter Credit Co)
Legal Title. Legal title to all the Trust Property shall be vested in the Trust Trustees as a separate legal entity joint tenants except that the Trustees shall have power to cause legal title to any Trust Property to be held by or in the name of one or more of the Trustees, or in the name of the Trust, or any Series thereof, or in the name of any other Person as nominee, custodian or pledgee, on such terms as the Trustees may determine, provided that the interest of the Trust or any Series thereof therein is appropriately protected. To the extent any Trust Property is titled in the name of one or more Trustees, the The right, title and interest of such the Trustees in the Trust Property shall vest automatically in each person who may hereafter become a Trustee upon his due election and qualification. Upon the ceasing of any person to be a Trustee for any reason, such person shall automatically cease to have any right, title or interest in any of the Trust Property, and the right, title and interest of such Trustee in the Trust Property shall vest automatically in the remaining Trustees. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.
Appears in 5 contracts
Samples: Agreement and Declaration of Trust (Gabelli Blue Chip Value Fund), Agreement and Declaration of Trust (Gamco Mathers Fund), Agreement and Declaration of Trust (Mathers Fund Inc)
Legal Title. Legal title to all the Trust Property shall be vested in the Trust as a separate legal entity except that the Trustees shall have power to cause legal title to any Trust Property to be held by or in the name of one or more of the Trustees, or in the name of the Trust, or in the name of any other Person as nominee, custodian or pledgee, on such terms as the Trustees may determine, ; provided that the interest of the Trust therein is appropriately protected. To the extent any Trust Property is titled in the name of one or more Trustees, the right, title and interest of such the Trustees in the Trust Property shall vest automatically in each person who may hereafter become a Trustee upon his or her due election and qualification. Upon the ceasing of any person to be a Trustee for any reason, such person shall automatically cease to have any right, title or interest in any of the Trust Property, and the right, title and interest of such Trustee in the Trust Property shall vest automatically in the remaining Trustees. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.
Appears in 4 contracts
Samples: Agreement and Declaration of Trust (A&Q Masters Fund), Agreement and Declaration of Trust (A&Q Multi-Strategy Fund), Agreement and Declaration of Trust (O'Connor Fund of Funds: Masters)
Legal Title. Legal title to all the Trust Property shall be vested in the Trust Trustees as a separate legal entity joint tenants except that the Trustees shall have power to cause legal title to any Trust Property to be held by or in the name of one or more of the Trustees, or in the name of the Trust or any Series of the Trust, or in the name of any other Person as nominee, custodian or pledgee, on such terms as the Trustees may determine, provided that the interest of the Trust therein is deemed appropriately protected. To the extent any Trust Property is titled in the name of one or more Trustees, the The right, title and interest of such the Trustees in the Trust Property and the Property of each Series of the Trust shall vest automatically in each person Person who may hereafter become a Trustee upon his due election and qualificationTrustee. Upon the ceasing termination of any person to be the term of office, resignation, removal or death of a Trustee for any reasonTrustee, such person he shall automatically cease to have any right, title or interest in any of the Trust Property, and the right, title and interest of such Trustee in the Trust Property shall vest automatically in the remaining Trustees. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.
Appears in 4 contracts
Samples: Agreement and Declaration of Trust (John Hancock Preferred Income Fund Ii), Agreement and Declaration of Trust (John Hancock Preferred Income Fund), Agreement and Declaration (John Hancock Preferred Income Fund)
Legal Title. Legal title to all the Trust Property shall be vested in the Trust Trustees as a separate legal entity joint tenants except that the Trustees shall have power to cause legal title to any Trust Property to be held by or in the name of one or more of the Trustees, or in the name of the Trust or any Series of the Trust, or in the name of any other Person as nominee, custodian or pledgee, on such terms as the Trustees may determine, provided that the interest of the Trust therein is deemed appropriately protected. To the extent any Trust Property is titled in the name of one or more Trustees, the The right, title and interest of such the Trustees in the Trust Property and the Property of each Series of the Trust shall vest automatically in each person Person who may hereafter become a Trustee upon his due election and qualificationTrustee. Upon the ceasing termination of any person to be the term of office, resignation, removal or death of a Trustee for any reason, such person he or she shall automatically cease to have any right, title or interest in any of the Trust Property, and the right, title and interest of such Trustee in the Trust Property shall vest automatically in the remaining Trustees. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.
Appears in 3 contracts
Samples: Agreement and Declaration (John Hancock Multi Asset Credit Fund), Form of Agreement (Manulife Private Credit Plus Fund), Agreement and Declaration (John Hancock Asset-Based Lending Fund)
Legal Title. Legal title to all the Trust Property shall be vested in the Trust as a separate legal entity except that the Trustees shall have power to cause legal title to any Trust Property to be held by or in the name of one or more of the Trustees, or in the name of any other Person as nominee, custodian or pledgee, on such terms as the Trustees may determine, provided that the interest of the Trust therein is appropriately protected. To the extent any Trust Property is titled in the name of one or more Trustees, the right, title and interest of such Trustees in the Trust Property shall vest automatically in each person who may hereafter become a Trustee upon his or her due election and qualification. Upon the ceasing of any person to be a Trustee for any reason, such person shall automatically cease to have any right, title or interest in any of the Trust Property, and the right, title and interest of such Trustee in the Trust Property shall vest automatically in the remaining Trustees. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.
Appears in 2 contracts
Samples: Agreement and Declaration of Trust (AGTB Private BDC), Agreement and Declaration of Trust (AGTB Private BDC)
Legal Title. Legal title to all the Trust Property shall be vested in the Trust as a separate legal entity except that the Trustees shall have power to cause legal title to any Trust Property to be held by or in the name of one or more of the Trustees, or in the name of any other Person as nominee, custodian or pledgee, on such terms as the Trustees may determine; provided, provided that the interest of the Trust therein is appropriately protected. To the extent any Trust Property is titled in the name of one or more Trustees, the right, title and interest of such Trustees in the Trust Property shall vest automatically in each person who may hereafter become a Trustee upon his or her due election and qualification. Upon the ceasing of any person to be a Trustee for any reason, such person shall automatically cease to have any right, title or interest in any of the Trust Property, and the right, title and interest of such Trustee in the Trust Property shall vest automatically in the remaining Trustees. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.
Appears in 2 contracts
Samples: Agreement and Declaration of Trust (Carlyle Secured Lending III), Agreement and Declaration of Trust (Carlyle Secured Lending III)
Legal Title. Legal title to all the Trust Property shall be vested in the Trust Trustees as a separate legal entity joint tenants except that the Trustees shall have power to cause legal title to any Trust Property to be held by or in the name of one or more of the Trustees, or in the name of the Trust or any Series thereof, or in the name of any other Person as nominee, custodian or pledgee, on such terms as the Trustees may determine, provided that the interest of the Trust or any Series thereof therein is appropriately protected. To the extent any Trust Property is titled in the name of one or more Trustees, the The right, title and interest of such the Trustees in the Trust Property shall vest automatically in each person who may hereafter become a Trustee upon his due election and qualification. Upon the ceasing of any person to be a Trustee for any reason, such person shall automatically cease to have any right, title or interest in any of the Trust Property, and the right, title and interest of such Trustee in the Trust Property shall vest automatically in the remaining Trustees. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Credit Suisse Opportunity Funds)
Legal Title. Legal title to all the Trust Property shall be vested in the Trust Trustees as a separate legal entity joint tenants except that the Trustees shall have power to cause legal title to any Trust Property to be held by or in the name of one or more of the Trustees, or in the name of the Trust, or any Series thereof, or in the name of any other Person as nominee, custodian or pledgee, on such terms as the Trustees may determine, provided that the interest of the Trust or any Series thereof therein is appropriately protected. To the extent any Trust Property is titled in the name of one or more Trustees, the The right, title and interest of such the Trustees in the Trust Property shall vest automatically in each person who may hereafter become a Trustee upon his due election and qualification. Upon the ceasing of any person to be a Trustee for any reason, such person shall automatically cease to have any right, title or interest in any of the Trust Property, and the right, title and interest of such Trustee in the Trust Property shall vest automatically in the remaining Trustees. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.
Appears in 1 contract
Legal Title. Legal title to all the Trust Property shall be vested in the Trust Trustees as a separate legal entity joint tenants except that the Trustees shall have power to cause legal title to any Trust Property to be held by or in the name of one or more of the Trustees, or in the name of the Trust, or any Series thereof, or in the name of any other Person as nominee, custodian or pledgee, on such terms as the Trustees may determine, provided that the interest of the Trust or any Series thereof therein is appropriately appropriaetly protected. To the extent any Trust Property is titled in the name of one or more Trustees, the The right, title and interest of such the Trustees in the Trust Property shall vest automatically in each person who may hereafter become a Trustee upon his due election and qualification. Upon the ceasing of any person to be a Trustee for any reason, such person shall automatically cease to have any right, title or interest in any of the Trust Property, and the right, title and interest of such Trustee in the Trust Property shall vest automatically in the remaining Trustees. Such vesting and cessation of title shall be effective whether or not conveyancing documents have been executed and delivered.
Appears in 1 contract
