Common use of Approval of Amendments Clause in Contracts

Approval of Amendments. Any material amendments to this Agreement shall be approved by vote of the holders of a majority of the outstanding voting securities (as defined in the Investment Company Act) of the Fund, except that an increase in the Administrative Component of the Management Fee need not be approved by any vote of the outstanding voting securities of the Fund but may be implemented if approved by a majority of the Board of Trustees of the Trust and separately by a majority of the Trustees who are not parties to this Agreement or interested persons (as defined in the Investment Company Act) of any party to this Agreement, which need not be cast in person at a meeting called for the purpose of voting on such approval.