Common use of Approval of Board of Directors Clause in Contracts

Approval of Board of Directors. This Agreement shall have been adopted and the Reorganization shall have been approved by the Board of Trustees of SunAmerica Equity Funds, on behalf of the Acquired Fund, including a majority of the Trustees who are not "interested persons" of SunAmerica Equity Funds or SunAmerica Style Select Series, Inc. within the meaning of Section 2(a)(19) of the Investment Company Act, which shall have found, as required by Rule 17a-8(a), that (i) participation in the Reorganization is in the best interests of the Acquired Fund and (ii) the interests of the existing shareholders of the Acquired Fund will not be diluted as a result of the Reorganization.

Approval of Board of Directors. This Agreement shall have been adopted and the Reorganization shall have been approved by the Board of Trustees Directors of SunAmerica Equity FundsStyle Select Series, Inc., on behalf of the Acquired Acquiring Fund, including a majority of the Directors or Trustees who are not "interested persons" of SunAmerica Equity Funds or SunAmerica Style Select Series, Inc. within the meaning of as defined in Section 2(a)(19) of the Investment Company Act, which shall have found, as required by Rule 17a-8(a), that (i) participation in the Reorganization is in the best interests of the Acquired Acquiring Fund and (ii) the interests of the existing shareholders of the Acquired Acquiring Fund will not be diluted as a result of the Reorganization.