Common use of Action by the Trustees Clause in Contracts

Action by the Trustees. The Trustees shall act by majority vote at a meeting duly called or by unanimous written consent without a meeting or by telephone consent provided a quorum of Trustees participates in any such telephonic meeting, unless the 1940 Act requires that a particular action be taken only at a meeting in person of the Trustees.

Action by the Trustees. The Trustees shall act by majority vote at a meeting duly called or by unanimous written consent without a meeting or by telephone consent meeting provided a quorum of Trustees participates participate in any such telephonic telephone meeting, unless the 1940 Act requires that a particular action be taken only at a . At any meeting in person of the Trustees, a majority of the Trustees shall constitute a quorum. Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a written consent or waiver and delivery thereof to the Trust may be accomplished by telefax.