Common use of Action by Trustees Clause in Contracts

Action by Trustees. Except as otherwise provided by applicable provisions of the 1940 Act or other applicable law, this Trust Agreement or the Bylaws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Portfolio or Class thereof may be taken by (a) a majority vote of the Trustees present at a meeting of Trustees (a quorum, consisting of at least·one-half of the Trustees then in office, being present), within or without Delaware, including any meeting held by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other at the same time, and participation by such means shall constitute presence at a meeting; or (b) a consent or consents in writing, setting forth the action so taken, and signed by a majority of the Trustees.

Appears in 4 contracts

Samples: Agreement and Declaration of Trust (Trust for Advised Portfolios), Agreement and Declaration of Trust (Trust for Advised Portfolios), Trust Agreement (Trust for Advised Portfolios)

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Action by Trustees. Except as otherwise provided by applicable provisions of the 1940 Act or other applicable law, this Declaration of Trust Agreement or the BylawsBy-Laws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Portfolio Sub-Trust or Class class thereof may be taken by (a) a majority vote of the Trustees present at a meeting of Trustees (a quorum, consisting of at least·oneleast one-half of the Trustees then in office, being present), within or without Delaware, including any meeting held by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other at the same time, and participation by such means shall constitute presence in person at a meeting; , or (b) a consent or by written consents in writing, setting forth the action so taken, and signed by of a majority of the TrusteesTrustees then in office (or such larger or different number as may be required by the 1940 Act or other applicable law).

Appears in 4 contracts

Samples: Master Trust Agreement (Usaa Mutual Funds Trust), Master Trust Agreement (Usaa Mutual Funds Trust), Master Trust Agreement (Lend Lease Funds)

Action by Trustees. Except as otherwise provided by applicable provisions of the 1940 Act or other applicable law, this Declaration of Trust Agreement or the BylawsBy-Laws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Portfolio Sub-Trust or Class class thereof may be taken by (a) a majority vote of the Trustees present at a meeting of Trustees (a quorum, consisting of at least·oneleast one-half of the Trustees then in office, being present), within or without DelawareMassachusetts, including any meeting held by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other at the same time, and participation by such means shall constitute presence in person at a meeting; , or (b) a consent or by written consents in writing, setting forth the action so taken, and signed by of a majority of the TrusteesTrustees then in office (or such larger or different number as may be required by the 1940 Act or other applicable law).

Appears in 3 contracts

Samples: Trust Agreement (Stockjungle Com), Trust Agreement (Stockjungle Com), Master Trust Agreement (Smith Barney Multiple Discipline Account Trust)

Action by Trustees. Except as otherwise provided by applicable provisions of the 1940 Act or other applicable law, this Trust Agreement or the Bylaws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Portfolio or Class thereof may be taken by (a) a majority vote of the Trustees present at a meeting of Trustees (a quorum, consisting of at least·oneleast one-half of the Trustees then in office, being present), within or without Delaware, including any meeting held by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other at the same time, and participation by such means shall constitute presence in person at a meeting, or by written consents of a majority of the Trustees then in office; or (b) without a vote, if a consent or consents in writing, setting forth the action so taken, and shall be signed by a majority of the Trustees.

Appears in 3 contracts

Samples: Trust Agreement (Intrepid Capital Management Funds Trust), Trust Agreement (Skyhawk Capital Management Funds Trust), Trust Agreement (Hillier Capital Management Funds Trust)

Action by Trustees. Except as otherwise provided by applicable provisions of the 1940 Act or other applicable law, this Trust Agreement or the Bylaws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Portfolio or Class thereof may be taken by (a) a majority vote of the Trustees present at a meeting of Trustees (a quorum, consisting of at least·oneleast one-half of the Trustees then in office, being present), within or without Delaware, including any meeting held by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other at the same time, and participation by such means shall constitute presence in person at a meeting, or by written consents of a majority of the Trustees then in office; or (b) without a vote if a consent or consents in writing, setting forth the action so taken, and shall be signed by a majority of the Trustees.

Appears in 2 contracts

Samples: Trust Agreement (EntrepreneurShares Series Trust), Agreement and Declaration of Trust (Lotsoff Capital Management Equity Trust)

Action by Trustees. Except as otherwise provided by applicable provisions of the 1940 Act or other applicable law, this Trust Agreement or the Bylaws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Portfolio or Class thereof may be taken by (a) a majority vote of the Trustees present at a meeting of Trustees (a quorum, consisting of at least·oneleast one-half of the Trustees then in office, being present), within or without Delaware, including any meeting held by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other at the same time, and participation by such means shall constitute presence at a meeting; or (b) a consent or consents in writing, setting forth the action so taken, and signed by a majority of the Trustees.participation

Appears in 1 contract

Samples: Trust Agreement (EntrepreneurShares Series Trust)

Action by Trustees. Except as otherwise provided by applicable provisions of the 1940 Act or other applicable law, this Trust Agreement or the Bylaws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Portfolio or Class thereof may be taken by (a) a majority vote of the Trustees present at a meeting of Trustees (a quorum, consisting of at least·oneleast one-half of the Trustees then in office, being present), within or without Delaware, including any meeting held by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other at the same time, and participation by such means shall constitute presence at a meeting; or (b) a consent or consents in writing, setting forth the action so taken, and signed by a majority of the Trustees.

Appears in 1 contract

Samples: Trust Agreement (Advisor Managed Portfolios)

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Action by Trustees. Except as otherwise provided by applicable provisions of the 1940 Act or other applicable law, this Amended Declaration of Trust Agreement or the BylawsBy-Laws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Portfolio Sub-Trust or Class class thereof may be taken by (a) a majority vote of the Trustees present at a meeting of Trustees (a quorum, consisting of at least·one-half least a majority of the Trustees then in office, being present), within or without Delaware, including any meeting held by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other at the same time, and participation by such means shall constitute presence in person at a meeting; , or (b) a consent or by written consents in writing, setting forth the action so taken, and signed by of a majority of the TrusteesTrustees then in office (or such larger or different number as may be required by the 1940 Act or other applicable law).

Appears in 1 contract

Samples: Agreement and Declaration of Trust (LKCM Fund)

Action by Trustees. Except as otherwise provided by applicable provisions of the 1940 Act or other applicable law, this Declaration of Trust Agreement or the BylawsBy-Laws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Portfolio Sub-Trust or Class class thereof may be taken by (a) a majority vote of the Trustees present at a meeting of Trustees (a quorum, consisting of at least·oneleast one-half of the Trustees then in office, being present), within or without Delaware, including any meeting held by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other at the same time, and participation by such means shall constitute presence in person at a meeting; , or (b) a consent or by written consents in writing, setting forth the action so taken, and signed by of a majority of the TrusteesTrustees then in office and entitled to vote on such action (or such larger or different number as may be required by the 1940 Act or other applicable law).

Appears in 1 contract

Samples: Master Trust Agreement (USAA ETF Trust)

Action by Trustees. Except as otherwise provided by applicable provisions of the 1940 Act or other applicable law, this Declaration of Trust Agreement or the BylawsBy-Laws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Portfolio Sub-Trust or Class thereof may be taken by (a) a majority vote of the Trustees present at a meeting of Trustees (a quorum, consisting of at least·oneleast one-half of the Trustees then in office, being present), within or without Delaware, including any meeting held by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other at the same time, and participation by such means shall constitute presence in person at a meeting; , or (b) a consent or by written consents in writing, setting forth the action so taken, and signed by of a majority of the TrusteesTrustees then in office (or such larger or different number as may be required by the 1940 Act or other applicable law).

Appears in 1 contract

Samples: Master Trust Agreement (Victory Portfolios Iii)

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