Board of Trustees of the Trust Sample Clauses
The 'Board of Trustees of the Trust' clause defines the governing body responsible for overseeing the management and administration of the trust's assets and affairs. Typically, this clause outlines how trustees are appointed, their powers and duties, and the procedures for decision-making within the board. For example, it may specify the minimum number of trustees required, voting procedures, and how vacancies are filled. The core function of this clause is to establish a clear governance structure for the trust, ensuring accountability and effective management of trust property.
Board of Trustees of the Trust. Without limiting the right of the Board of Trustees of the Trust to issue directives, the Board of Trustees shall take into consideration any views or opinions that may be expressed by the Adviser of Sub-Adviser in formulating policies, procedures and directives. The Sub-Adviser shall not be obligated to conform its activities to any directive of the Board of Trustees of the Trust to the extent that compliance with such directive would be in contravention of any law, rule or regulation applicable to the Sub-Adviser.
Board of Trustees of the Trust. This Amended and Restated Agreement may be terminated at any time, without penalty, by a majority of the Independent Trustees or by persons having voting rights in respect of the Trust by the vote stated in Section 11.
Board of Trustees of the Trust. The In c urr e d Cl a i m s means all medical, indemnity, legal, investigative, and other related expenses on all reported claims and all incurred but not reported claims as determined by the actuary for the Fund Year. N et Contr ib ut ion s means actual Contributions paid in each Fund Year by each Member to the Trust modified by the experience modification factor (as calculated according to the