Common use of Authority of the Independent Committee Clause in Contracts

Authority of the Independent Committee. Except as set forth by the express provisions of this Trust Agreement (or the independent director requirements established by the NYSE Amex LLC and the Xxxxxxxx-Xxxxx Act of 2002, as amended), pursuant to Section 3806(a) of the Delaware Trust Statute, the Independent Committee shall have and may exercise on the Trust’s behalf, only such powers and rights necessary, proper, convenient or advisable to effectuate and carry out the following objectives:

Appears in 3 contracts

Samples: Trust Agreement (Nuveen Long/Short Commodity Total Return Fund), Trust Agreement (Nuveen Diversified Commodity Fund), Trust Agreement (Nuveen Long/Short Commodity Total Return Fund)

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Authority of the Independent Committee. Except as set forth by the express provisions of this Trust Agreement (or the independent director requirements established by the NYSE Amex LLC Arca, Inc. and the Xxxxxxxx-Xxxxx Act of 2002, as amended), pursuant to Section 3806(a) of the Delaware Trust Statute, the Independent Committee shall have and may exercise on the Trust’s behalf, behalf only such powers and rights necessary, proper, convenient or advisable to effectuate and carry out the following objectives:

Appears in 2 contracts

Samples: Trust Agreement (Nuveen Diversified Commodity Fund), Trust Agreement (Nuveen Long/Short Commodity Total Return Fund)

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