Common use of Action by Trustees Clause in Contracts

Action by Trustees. Except as otherwise provided by the 1940 Act or other applicable law, this Declaration of Trust or the By-Laws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Sub-Trust or class thereof may be taken by a majority 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 in person at a meeting, or by written consents of a majority of the Trustees 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 (Usaa Mutual Funds Trust)

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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 By-LawsBylaws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Sub-Trust Portfolio 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 consents in writing, or setting forth the action so taken, and signed by written consents of a majority of the Trustees then in office (or such larger or different number as may be required by the 1940 Act or other applicable law)Trustees.

Appears in 4 contracts

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

Action by Trustees. Except as otherwise provided by the 1940 Act or other applicable law, this Declaration of Trust or the By-Laws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Sub-Trust or class thereof may be taken by a majority 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 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 by written consents of a majority of the Trustees 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: Master Trust Agreement (Smith Barney Multiple Discipline Account Trust), Stockjungle Com, Stockjungle Com

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 By-LawsBylaws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Sub-Trust Portfolio 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 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 office; or (b) without a vote, if a consent or such larger or different number as may consents in writing, setting forth the action so taken, shall be required signed by a majority of the 1940 Act or other applicable law)Trustees.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Intrepid Capital Management Funds Trust), Agreement and Declaration of Trust (Hillier Capital Management Funds Trust), Skyhawk Capital Management Funds 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 By-LawsBylaws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Sub-Trust Portfolio 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 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 office; or (b) without a vote if a consent or such larger or different number as may consents in writing, setting forth the action so taken, shall be required signed by a majority of the 1940 Act or other applicable law)Trustees.

Appears in 2 contracts

Samples: Entrepreneurshares Series Trust (EntrepreneurShares Series Trust), Lotsoff Capital Management Equity Trust

Action by Trustees. Except as otherwise provided by the 1940 Act or other applicable law, this Declaration of Trust or the By-Laws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Sub-Trust or class thereof may be taken by a majority of the Trustees present at a meeting of Trustees (a quorum, consisting of at least one-half 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 by written consents of a majority of the Trustees then in office (or such larger or different number as may be required by the 1940 Act or other applicable law).

Appears in 2 contracts

Samples: LKCM Fund Agreement (LKCM Fund), Agreement and Declaration of Trust (Uam Funds Trust)

Action by Trustees. Except as otherwise provided by the 1940 Act or other applicable law, this Declaration of Trust or the By-Laws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Sub-Trust or class thereof may be taken by a majority 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 in person at a meeting, or by written consents of a majority of the Trustees 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)

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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 By-LawsBylaws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Sub-Trust Portfolio 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 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 consents in writing, or setting forth the action so taken, and signed by written consents of a majority of the Trustees then in office (or such larger or different number as may be required by the 1940 Act or other applicable law)Trustees.

Appears in 1 contract

Samples: Agreement and Declaration Of (Advisor Managed Portfolios)

Action by Trustees. Except as otherwise provided by the 1940 Act or other applicable law, this Amended Declaration of Trust or the By-Laws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Sub-Trust or class thereof may be taken by a majority of the Trustees present at a meeting of Trustees (a quorum, consisting of at least one-half 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 by written consents of a majority of the Trustees 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: Funds Amended Agreement (LKCM Fund)

Action by Trustees. Except as otherwise provided by the 1940 Act or other applicable law, this Declaration of Trust or the By-Laws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Sub-Trust or class Class thereof may be taken by a majority 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 in person at a meeting, or by written consents of a majority of the Trustees 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)

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 By-LawsBylaws, any action to be taken by the Trustees on behalf of or with respect to the Trust or any Sub-Trust Portfolio 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 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 such larger or different number as may be required by the 1940 Act or other applicable law).participation

Appears in 1 contract

Samples: Entrepreneurshares Series Trust (EntrepreneurShares Series Trust)

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