Common use of Transfer by a Shareholder Clause in Contracts

Transfer by a Shareholder. (a) No Shareholder shall have the right to sell, pledge, transfer or assign their Shares, except (i) with respect those Shares that have been transferred or have vested in another person by operation of law (i.e., the result of the death, bankruptcy, insolvency, adjudicated incompetence or dissolution of the Shareholder); or (ii) with the written consent of the Board of Trustees or its designee (which may be withheld in its sole and absolute discretion).

Appears in 9 contracts

Samples: Agreement and Declaration of Trust (OneAscent Private Markets Access Fund), Agreement and Declaration (Peak Income Plus Fund), Agreement and Declaration (Opportunistic Credit Interval Fund)

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Transfer by a Shareholder. (a) No Shareholder shall have the right to sell, pledge, transfer or assign their Shares, except (i) with respect those Shares that have been transferred or have vested in another person by operation of law (i.e., the result of the death, bankruptcy, insolvency, adjudicated incompetence or dissolution of the Shareholder); ) or (ii) with the written consent of the Board of Trustees or its designee (which may be withheld in its sole and absolute discretion).

Appears in 8 contracts

Samples: Agreement and Declaration (Denali Structured Return Strategy Fund), Agreement and Declaration of Trust (Catalyst Strategic Income Opportunities Fund), Agreement and Declaration (List Income Opportunities Fund)

Transfer by a Shareholder. (a) No Shareholder shall have the right to sell, pledge, transfer or assign their his Shares, except (i) with respect those Shares that have been transferred or have vested in another person by operation of law (i.e., the result of the death, bankruptcy, insolvency, adjudicated incompetence or dissolution of the Shareholder); or (ii) with the written consent of the Board of Trustees or its designee (which may be withheld in its sole and absolute discretion).

Appears in 7 contracts

Samples: Modern Capital Funds Trust (Modern Capital Funds Trust), Agreement and Declaration of Trust (A3 Alternative Credit Fund), Agreement and Declaration of Trust (Simplify Exchange Traded Funds)

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Transfer by a Shareholder. (a) i. No Shareholder shall have the right to sell, pledge, transfer or assign their his Shares, except (i) with respect those Shares that have been transferred or have vested in another person by operation of law (i.e., the result of the death, bankruptcy, insolvency, adjudicated incompetence or dissolution of the Shareholder); or (ii) with the written consent of the Board of Trustees or its designee (which may be withheld in its sole and absolute discretion).

Appears in 1 contract

Samples: Agreement and Declaration of Trust (BCM Focus Funds)

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