Common use of Approval by Trustees Clause in Contracts

Approval by Trustees. This Agreement will not take effect until approved by a majority vote of both (a) the full Board of Trustees of the Trust and (b) those Trustees who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plan or in this Agreement (the 'Independent Trustees'), cast in person at a meeting called for the purpose of voting on this Agreement.

Appears in 2 contracts

Samples: Distribution Related Services Agreement (Mitchell Hutchins Kidder Peabody Investment Trust Ii), Shareholder Servicing Agreement (Mitchell Hutchins Kidder Peabody Investment Trust Ii)

AutoNDA by SimpleDocs

Approval by Trustees. This Agreement will not take effect until approved by a majority vote of both (a) the full Board of Trustees of the Trust and (b) those Trustees who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plan or in this Agreement (the 'Independent Trustees'), cast in person at a meeting called for the purpose of voting on this Agreement."Independent

Appears in 2 contracts

Samples: Shareholder Servicing Agreement (Mitchell Hutchins Kidder Peabody Investment Trust Iii), Shareholder Servicing Agreement (Mitchell Hutchins Kidder Peabody Investment Trust)

Approval by Trustees. This Agreement will not take effect until approved by a majority vote of both (a) the full Board of Trustees of the Trust and (b) those Trustees who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plan or in this Agreement (the '"Independent Trustees'"), cast in person at a meeting called for the purpose of voting on this Agreement.

Appears in 2 contracts

Samples: Distribution Related Services Agreement (Mitchell Hutchins Kidder Peabody Investment Trust), Distribution Related Services Agreement (Mitchell Hutchins Kidder Peabody Investment Trust Iii)

Approval by Trustees. This Agreement will not take effect with respect to a Fund until approved by a majority vote of both (a) the full Board of Trustees of the Trust and (b) those Trustees who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plan or in this Agreement (the '"Independent Trustees'"), cast in person at a meeting called for the purpose of voting on this Agreement.

Appears in 1 contract

Samples: Lehman Brothers Institutional Funds Group Trust

AutoNDA by SimpleDocs

Approval by Trustees. This Agreement will not take effect until approved by a majority vote of both (a) the full Board of Trustees of the Trust and (b) those Trustees who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plan or in this Agreement (the 'Independent Trustees'), cast in person at a meeting called for the purpose of voting on this Agreement.Trust

Appears in 1 contract

Samples: Distribution Related Services Agreement (Mitchell Hutchins Kidder Peabody Investment Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!