Common use of Reorganizations Clause in Contracts

Reorganizations. (a) Notwithstanding anything else contained herein but subject to applicable federal and state law and except as provided in Section 11.7, the Trustees may, without any Shareholder vote or approval, only upon approval of not less than 80% of the Trustees and 80% of the Continuing Trustees:

Appears in 6 contracts

Samples: Agreement and Declaration of Trust (Rochdale International Trade Fixed Income Fund), Advantage Fund Agreement (Highland Floating Rate Advantage Fund), Highland Special Situations Fund Ii Agreement (Highland Special Situations Fund II)

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Reorganizations. (a) Notwithstanding anything else contained herein but subject to applicable federal and state law and except as provided in Section 11.7, the Trustees may, without any Shareholder vote or approval, only upon approval of not less than 80% of the Trustees and 80% of the Continuing Trustees:

Appears in 5 contracts

Samples: Healthcare Fund Agreement (Highland Premium Long/Short Healthcare Fund), Fund Agreement (Highland Premium Dividend Fund), Equity Fund Agreement (Highland Premium Long/Short Equity Fund)

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