Common use of Annual and Regular Meetings Clause in Contracts

Annual and Regular Meetings. Annual and regular meetings of the Board of Trustees may be held without call or notice and at such places at such times as the Board of Trustees may from time to time determine provided that notice of the first regular meeting following any such determination shall be given to absent Trustees. Members of the Board of Trustees or any committee designated thereby may participate in a meeting of such Board or committee 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. Participation by such means shall constitute presence in person at a meeting; provided, however, that the Board of Trustees shall not enter into, renew, or perform any contract or agreement, written or oral, whereby a person undertakes regularly to serve or act as investment adviser with respect to any series of the Trust unless the terms of such contract or agreement and any renewal thereof have been approved by the vote of a majority of Trustees who are not parties to such contract or agreement or interested persons of any such party, which votes shall be cast at a meeting called for the purpose of voting on such approval at which such persons are physically present.

Annual and Regular Meetings. Annual and regular meetings of the Board of Trustees Managers may be held without call or notice and at such places at such times as the Board of Trustees Managers may from time to time determine provided that notice of the first regular meeting following any such determination shall be given to absent TrusteesManagers. Members of the Board of Trustees Managers or any committee designated thereby may participate in a meeting of such Board or committee 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. Participation by such means shall constitute presence in person at a meeting; provided, however, that the Board of Trustees Managers shall not enter into, renew, or perform any contract or agreement, written or oral, whereby a person undertakes regularly to serve or act as investment adviser with respect to any series of the Trust Company unless the terms of such contract or agreement and any renewal thereof have been approved by the vote of a majority of Trustees Managers who are not parties to such contract or agreement or interested persons of any such party, which votes shall be cast at a meeting called for the purpose of voting on such approval at which such persons are physically present.