Common use of Action by the Trustees Clause in Contracts

Action by the Trustees. The Trustees shall act by majority vote of those present at a meeting duly called (including a meeting by telephonic or other electronic means, unless the 1940 Act requires that a particular action be taken only at a meeting of the Trustees in person) at which a quorum is present or by unanimous written consent of the Trustees (or by written consent of a majority of the Trustees if the President of the Trust determines that such exceptional circumstances exist, and are of such urgency, as to make unanimous written consent impossible or impractical, which determination shall be conclusive and binding on all Trustees and not otherwise subject to challenge) without a meeting. A majority of the Trustees shall constitute a quorum at any meeting. Meetings of the Trustees may be called orally or in writing by the President of the Trust or by any two Trustees. Notice of the time, date, and place of all meetings of the Trustees shall be given to each Trustee by telephone, facsimile, electronic-mail, or other electronic mechanism sent to his or her home or business address at least twenty-four hours in advance of the meeting or in person at another meeting of the Trustees or by written notice mailed to his or her home or business address at least seventy-two hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who signs a waiver of notice either before or after the meeting. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any Trustee or Trustees authority to approve particular matters or take particular actions on behalf of the Trust. Any written consent or waiver may be provided and delivered to the Trust by any means by which notice may be given to a Trustee.

Action by the Trustees. The Trustees shall act by majority vote of those present at a meeting duly called (including or by written consent of a majority of the Trustees without a meeting or by telephonic or other electronic meanstelephone meeting provided a quorum of Trustees participate in any such telephone meeting, unless the 1940 Act requires that a particular action be taken only at a meeting at which the Trustees are present in person. At any meeting of the Trustees in personTrustees, three (3) at which a quorum is present or by unanimous written consent of the Trustees (or by written consent of a majority of the Trustees if the President of the Trust determines that such exceptional circumstances exist, and are of such urgency, as to make unanimous written consent impossible or impractical, which determination shall be conclusive and binding on all Trustees and not otherwise subject to challenge) without a meeting. A majority of the Trustees shall constitute a quorum at any meetingquorum. Meetings of the Trustees may be called orally or in writing by the President of the Trust Chairman or by any two (2) other Trustees. Notice of the time, date, date and place of all meetings of the Trustees shall be given by the party calling the meeting to each Trustee by telephone, facsimile, electronic-mailtelefax, or other electronic mechanism telegram sent to his or her home or business address at least twenty-four (24) hours in advance of the meeting or in person at another meeting of the Trustees or by written notice mailed to his or her home or business address at least seventy-two (72) hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who signs executes a written waiver of notice either before or after with respect to the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the By-Laws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any Trustee one or Trustees more of their number their authority to approve particular matters or take particular actions on behalf of the Trust. Any Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a written consent or waiver may be provided and delivered delivery thereof to the Trust by any means by which notice may be given to a Trusteeaccomplished by telefax.

Action by the Trustees. The (a) Except as expressly provided in this Declaration, the Trustees shall act by majority vote of those present at a meeting duly called (including a meeting by telephonic or other electronic means, unless the 1940 Act requires that a particular action be taken only at a meeting of the Trustees in person) at which a quorum is present present, including a meeting held by conference telephone, teleconference or other electronic media or communication equipment by unanimous written consent means of which all persons participating in the Trustees (meeting can communicate with each other; or by written consent of a majority of the Trustees if the President of the Trust determines that (or such exceptional circumstances exist, and are of such urgency, greater number as to make unanimous written consent impossible or impractical, which determination shall may be conclusive and binding on all Trustees and not otherwise subject to challengerequired by applicable law) without a meeting. A majority of the Trustees shall constitute a quorum at any meeting. Meetings of the Trustees may be called orally or in writing by the President of the Trust or by any two Trusteesone of the Trustees or as set forth in the By-Laws. Notice of the time, date, date and place of all Trustees’ meetings of the Trustees shall be given to each Trustee by telephoneas set forth in the By-Laws; provided, facsimilehowever, electronic-mail, or other electronic mechanism sent to his or her home or business address at least twenty-four hours in advance of the meeting or in person at another meeting of that no notice is required if the Trustees provide for regular or by written notice mailed to his or her home or business address at least seventy-two hours in advance of the meetingstated meetings. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who signs a waiver of notice either before or after the meeting. Subject The Trustees shall have power to delegate from time to time to one or more of their number or to officers, employees, agents or independent contractors of the Trust the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Trustees or otherwise as the Trustees may deem expedient. Without limiting the foregoing, and notwithstanding any provisions herein to the requirements of the 1940 Actcontrary, the Trustees may by action of a majority vote may delegate to any Trustee or Trustees authority to approve particular matters or take particular actions on behalf of the Trustees then in office appoint committees consisting of one or more Trustees then in office and such other members as the Trustees shall approve, which committees may be empowered to act for and bind the Trust, as if the acts of such committees were the acts of all the Trustees then in office. Any written consent or waiver may be provided and delivered to the Trust by any means by which notice may be given to a Trusteefacsimile or other similar electronic mechanism.

Action by the Trustees. The Trustees shall act by majority vote of those present at a meeting duly called (including at a meeting by telephonic or other electronic meansmeeting, unless the 1940 Act requires that a particular action be taken only at a meeting of the Trustees in person) at which a quorum is present or by unanimous written consent of the Trustees (or by written consent of a majority of the Trustees if the President of the Trust determines that such exceptional circumstances exist, and are of such urgency, as to make unanimous written consent impossible or impractical, which determination shall be conclusive and binding on all Trustees and not otherwise subject to challenge) without a meetingpresent. A majority of the Trustees shall constitute a quorum at any meeting. Meetings of the Trustees may be called orally or in writing by the President Chairman of the Trust Trustees or by any two other Trustees. Notice of the time, date, date and place of all Trustees meetings of the Trustees shall be given to each Trustee by telephone, facsimile, electronic-mail, facsimile or other electronic mechanism sent to his or her home or business address at least twenty-four hours in advance of the meeting or in person at another meeting of the Trustees or by written notice mailed to his or her home or business address at least seventy-two hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who signs a waiver of notice either before or after the meeting. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any Trustee or Trustees authority to approve particular matters or take particular actions on behalf of the Trust. Any action required or permitted to be taken by the Board of Trustees, or a committee thereof, may be taken without a meeting if a majority of the members of the Board of Trustees (or such greater number as may be required by applicable law), or committee thereof, as the case may be, shall individually or collectively consent in writing to that action. Such action by written consent shall have the same force and effect as a majority vote of the Board of Trustees, or committee thereof, as the case may be. Such written consent or consents shall be filed with the minutes of the proceedings of the Board of Trustees, or committee thereof, as the case may be. Any written consent or waiver may be provided and delivered to the Trust by any means by which notice may be given to a Trusteefacsimile or other similar electronic mechanism.

Action by the Trustees. The In any action taken by the Trustees hereunder, unless otherwise specified, the Trustees shall act by majority vote of those present at a meeting duly called (including or by unanimous written consent without a meeting or by telephonic or other electronic meanstelephone meeting provided a quorum of Trustees participate in any such telephone meeting, unless the 1940 Act requires that a particular action be taken only at a meeting at which the Trustees are present in person. At any meeting of the Trustees in person) at which Trustees, a quorum is present or by unanimous written consent of the Trustees (or by written consent of a majority of the Trustees if the President of the Trust determines that such exceptional circumstances exist, and are of such urgency, as to make unanimous written consent impossible or impractical, which determination shall be conclusive and binding on all Trustees and not otherwise subject to challenge) without a meeting. A majority of the Trustees shall constitute a quorum at any meetingquorum. Meetings of the Trustees may be called orally or in writing by the President Chairman of the Trust Board of Trustees or by any two other Trustees. Notice of the time, date, date and place of all meetings of the Trustees shall be given by the person calling the meeting to each Trustee by telephone, facsimile, electronic-mail, facsimile or other electronic mechanism sent to his or her home or business address at least twenty-four hours in advance of the meeting or in person at another meeting of the Trustees or by written notice mailed to his or her home or business address at least seventy-two hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who signs executes a written waiver of notice either before or after with respect to the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the Bylaws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any Trustee one or Trustees more of their number their authority to approve particular matters or take particular actions on behalf of the Trust. Any Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a written consent or waiver may be provided and delivered delivery thereof to the Trust by any means by which notice may be given to a Trusteeaccomplished by facsimile or other similar electronic mechanism.

Action by the Trustees. The In any action taken by the Trustees hereunder, unless otherwise specified, the Trustees shall act by majority vote of those present at a meeting duly called (including a telephone meeting) duly called, provided a quorum of Trustees participate, or by written consent of a majority of the Trustees (or such higher number of Trustees as would be required to act on the matter if a meeting by telephonic or other electronic meanswere held) without a meeting, unless the 1940 Act requires that a particular action be taken only at a meeting at which the Trustees are present in person. At any meeting of the Trustees in person) at which Trustees, a quorum is present or by unanimous written consent of the Trustees (or by written consent of a majority of the Trustees if the President of the Trust determines that such exceptional circumstances exist, and are of such urgency, as to make unanimous written consent impossible or impractical, which determination shall be conclusive and binding on all Trustees and not otherwise subject to challenge) without a meeting. A majority of the Trustees shall constitute a quorum at any meetingquorum. Meetings of the Trustees may be called orally or in writing by the President Chairman of the Trust Board of Trustees or by any two other Trustees. Notice of the time, date, date and place of all meetings of the Trustees shall be given by the person calling the meeting or by the Secretary or Assistant Secretary of the Trust to each Trustee by telephone, facsimile, electronic-mail, facsimile or other electronic mechanism sent to his or her home or business address at least twenty-four hours in advance of the meeting or in person at another meeting of the Trustees or by written notice mailed to his or her home or business address at least seventy-two hours in advance of the meeting. Such notice may be waived by any Trustee. A notice of waiver need not specify the purpose of any meeting. Notice need not be given to any Trustee who attends the meeting without objecting prior thereto to the lack of notice or who signs executes a written waiver of notice either before or after with respect to the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the Bylaws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any Trustee one or Trustees more of their number their authority to approve particular matters or take particular actions on behalf of the Trust. Any Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a written consent or waiver may be provided and delivered delivery thereof to the Trust by any means by which notice may be given to a Trusteeaccomplished by facsimile or other similar electronic mechanism.

Action by the Trustees. The Except as provided below with respect to action taken by any Trustee or Trustees or committee pursuant to delegation by a majority vote of the Trustees, the Trustees shall act by majority the requisite vote of those present at a meeting duly called (including a meeting by telephonic or other electronic means, unless the 1940 Act requires that a particular action be taken only at a meeting of the Trustees in person) at which a quorum is present present, including a meeting held by conference telephone, teleconference or other electronic media or communication equipment by unanimous written consent means of which all persons participating in the Trustees (meeting can communicate with each other; or by written consent of a majority of the Trustees if the President of the Trust determines that (or such exceptional circumstances exist, and are of such urgency, greater number as to make unanimous written consent impossible or impractical, which determination shall may be conclusive and binding on all Trustees and not otherwise subject to challengerequired by applicable law) without a meeting. A majority of the Three Trustees shall constitute a quorum at any meeting. For purposes hereof the term “requisite vote” shall mean (a) a majority vote, if a majority of the Trustees then in office shall be present at the meeting or (b) a unanimous vote if less than a majority of the Trustees then in office shall be present at the meeting. Notwithstanding the foregoing, a majority of the Trustees present at a meeting, whether or not representing a quorum, may act to adjourn a meeting. Any action taken by a unanimous vote of the Trustees where less than a majority of the Trustees is present at a meeting shall be reported at the next meeting of the Trustees where at least a majority is present. Meetings of the Trustees may be called orally or in writing by the President of President, the Trust Chairman, or by any two one of the Trustees. Notice of the time, date, date and place of all Trustees’ meetings of the Trustees shall be given to each Trustee by telephoneas set forth in the By-laws; provided, facsimilehowever, electronic-mail, or other electronic mechanism sent to his or her home or business address at least twenty-four hours in advance of the meeting or in person at another meeting of that no notice is required if the Trustees provide for regular or by written notice mailed to his or her home or business address at least seventy-two hours in advance of the meetingstated meetings. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who signs a waiver of notice either before or after the meeting. Subject to the requirements of the 1940 Actapplicable law, the Trustees by majority vote may delegate to any Trustee or Trustees or committee (which may, in addition to or in lieu of Trustees, include officers of the Trust) authority to approve particular matters or take any particular actions on behalf of the TrustTrust including action for and binding upon the Trustees and the Trust with respect to the institution, prosecution, dismissal, settlement, review or investigation of any legal action, suit or proceeding pending or threatened. Approval of any particular matter or the taking of any particular action on behalf of the Trust pursuant to any such delegation shall be taken by a majority of the Trustees or committee to whom the authority is delegated (unless a single Trustee is delegated to act with respect thereto or unless the Trustees in delegating such responsibility shall specify a different standard or a different standard is otherwise required by applicable law). Any written consent or waiver may be provided and delivered to the Trust by any means by which notice may be given to a Trustee.facsimile or other similar electronic mechanism. /s/ Xxxxx X. Xxxxxx Xxxxx X. Xxxxxx as Trustee and not individually /s/ Xxxx X. Xxxxxxxx, Xx. Xxxx X. Xxxxxxxx, Xx. as Trustee and not individually /s/ Xxxxxx X. XxXxxxx Xxxxxx X. XxXxxxx as Trustee and not individually /s/ Xxxxxxx Xxxxxx Xxxxxxx Xxxxxx as Trustee and not individually /s/ Xxxxxxx X. Xxxxxxx Xxxxxxx X. Xxxxxxx as Trustee and not individually /s/ Xxxxxx X. Xxxxx Xxxxxx X. Xxxxx as Trustee and not individually /s/ Xxxxx X. Xxxxxxx Xxxxx X. Xxxxxxx as Trustee and not individually /s/ Xxxxx X. XxXxxxxx Xxxxx X. XxXxxxxx as Trustee and not individually /s/ Xxxx X. Xxxxx Xxxx X. Xxxxx as Trustee and not individually

Action by the Trustees. The Trustees shall act by majority vote of those present at a meeting duly called (including at a telephonic meeting by telephonic or other electronic meansat which all participants can hear one another, unless the 1940 Act requires that a particular action be taken only at a meeting of the Trustees in person) at which a quorum is present or by unanimous written consent of the Trustees (or by written consent of a majority of the Trustees if the President of the Trust determines that (or such exceptional circumstances exist, and are of such urgency, greater number as to make unanimous written consent impossible or impractical, which determination shall may be conclusive and binding on all Trustees and not otherwise subject to challengerequired by applicable law) without a meeting. A majority One-third of the Trustees shall constitute a quorum at any meeting. Meetings of the Trustees may be called orally or in writing by the President Chairman of the Trust Trustees or by any two other Trustees. Notice of the time, date, date and place of all Trustees meetings of the Trustees shall be given to each Trustee by telephone, facsimile, electronic-mail, facsimile or other electronic mechanism sent to his or her home or business address at least twenty-four hours in advance of the meeting or in person at another meeting of the Trustees or by written notice mailed to his or her home or business address at least seventy-two hours in advance of the meeting, unless, in case of exigency, the Chairman of the Trustees, the President or the Secretary shall prescribe any shorter notice period with the notice to be given personally by telephone, facsimile or other electronic mechanism to all of the Trustees at their respective residences or places of business. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who signs a waiver of notice either before before, at or after the meeting. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any Trustee or Trustees authority to approve particular matters or take particular actions on behalf of the Trust. Any written consent or waiver may be provided and delivered to the Trust by any means by which notice may be given to a Trusteefacsimile or other similar electronic mechanism.

Action by the Trustees. The Except as otherwise provided by law or as provided below with respect to action taken by any Trustee or Trustees or committee pursuant to delegation by a majority vote of the Trustees, the Trustees shall act by majority the requisite vote of those present at a meeting duly called (including a meeting by telephonic or other electronic means, unless the 1940 Act requires that a particular action be taken only at a meeting of the Trustees in person) at which a quorum is present present, including a meeting held by conference telephone, teleconference or other electronic media or communication equipment by unanimous written consent means of which all persons participating in the Trustees (meeting can communicate with each other; or by written consent of a majority of the Trustees if the President of the Trust determines that (or such exceptional circumstances exist, and are of such urgency, greater number as to make unanimous written consent impossible or impractical, which determination shall may be conclusive and binding on all Trustees and not otherwise subject to challengerequired by applicable law) without a meeting. A majority of the Three Trustees shall constitute a quorum at any meeting. For purposes hereof the term “requisite vote” shall mean (a) a majority vote, if a majority of the Trustees then in office shall be present at the meeting or (b) a unanimous vote if less than a majority of the Trustees then in office shall be present at the meeting. Notwithstanding the foregoing, a majority of the Trustees present at a meeting, whether or not representing a quorum, may act to adjourn a meeting. Any action taken by a unanimous vote of the Trustees where less than a majority of the Trustees is present at a meeting shall be reported at the next meeting of the Trustees where at least a majority is present. Meetings of the Trustees may be called orally or in writing by the President of President, the Trust Chairman, or by any two one of the Trustees. Notice of the time, date, date and place of all Trustees’ meetings of the Trustees shall be given to each Trustee by telephoneas set forth in the By-laws; provided, facsimilehowever, electronic-mailthat no notice is required if the Trustees provide for regular or stated meetings. In the absence of a quorum, or other electronic mechanism sent to his or her home or business address at least twenty-four hours in advance of the meeting or in person at another meeting a majority of the Trustees or by written notice mailed present may adjourn the meeting from time to his or her home or business address at least seventy-two hours in advance of the meetingtime until a quorum shall be present. Notice of an adjourned meeting need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who signs a waiver of notice either before or after the meetinggiven. Subject to the requirements of the 1940 Actapplicable law, the Trustees by majority vote may delegate to any Trustee or Trustees or committee (which may, in addition to or in lieu of Trustees, include officers of the Trust) authority to approve particular matters or take any particular actions on behalf of the TrustTrust including action for and binding upon the Trustees and the Trust with respect to the institution, prosecution, dismissal, settlement, review or investigation of any legal action, suit or proceeding pending or threatened. Approval of any particular matter or the taking of any particular action on behalf of the Trust pursuant to any such delegation shall be taken by a majority of the Trustees or committee to whom the authority is delegated (unless a single Trustee is delegated to act with respect thereto or unless the Trustees in delegating such responsibility shall specify a different standard or a different standard is otherwise required by applicable law). Any written consent or waiver may be provided and delivered to the Trust by any means by which notice may be given to a Trustee.facsimile or other similar electronic mechanism. /s/ Xxxxx X. Xxxxxx /s/ Xxxxxx X. Xxxxx Xxxxx X. Xxxxxx Xxxxxx X. Xxxxx as Trustee and not individually as Trustee and not individually /s/ Xxxx X. Xxxxxxxx, Xx. /s/ Xxxxx X. Xxxxxxx Xxxx X. Xxxxxxxx, Xx. Xxxxx X. Xxxxxxx as Trustee and not individually as Trustee and not individually /s/ Xxxxxx X. XxXxxxx /s/ Xxxxx X. XxXxxxxx Xxxxxx X. XxXxxxx Xxxxx X. XxXxxxxx as Trustee and not individually as Trustee and not individually /s/ Xxxxxxx Xxxxxx /s/ Xxxx X. Xxxxx Xxxxxxx Xxxxxx Xxxx X. Xxxxx as Trustee and not individually as Trustee and not individually /s/ Xxxxxxx X. Xxxxxxx Xxxxxxx X. Xxxxxxx as Trustee and not individually

Action by the Trustees. The In any action taken by the Trustees hereunder, unless otherwise specified herein or under the 1940 Act, the Trustees shall act by majority vote of those present at a meeting duly called (including or by unanimous written consent without a meeting or by telephonic or other electronic meanstelephone meeting provided a quorum of Trustees participate in any such telephone meeting, unless the 1940 Act requires that a particular action be taken only at a meeting at which the Trustees are present in person. At any meeting of the Trustees in person) at which a quorum is present or by unanimous written consent of the Trustees (or by written consent of a majority of the Trustees if the President of the Trust determines that such exceptional circumstances existTrustees, and are of such urgency, as to make unanimous written consent impossible or impractical, which determination shall be conclusive and binding on all Trustees and not otherwise subject to challenge) without a meeting. A majority one-third of the Trustees shall constitute a quorum at any meetingquorum; provided that the Trustees may increase the number if Trustees constituting a quorum. Meetings of the Trustees may be called orally or in writing by the President Chairman of the Trust or Board of Trustees, by any two Trusteesother Trustees or by the Chairman, President, any Vice-President or Secretary of the Trust. Notice of the time, date, date and place of all meetings of the Trustees shall be given by the person calling the meeting to each Trustee by telephone, facsimile, electronic-mail, facsimile or other electronic mechanism sent to his or her home or business address at least twenty-four hours in advance of the meeting or in person at another meeting of the Trustees or by written notice mailed to his or her home or business address at least seventy-two hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who signs executes a written waiver of notice either before or after with respect to the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the Bylaws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any Trustee one or Trustees more of their number their authority to approve particular matters or take particular actions on behalf of the Trust. Any Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a written consent or waiver may be provided and delivered delivery thereof to the Trust by any means by which notice may be given to a Trusteeaccomplished by facsimile or other similar electronic mechanism.