Common use of Delegation of Power to Other Trustees Clause in Contracts

Delegation of Power to Other Trustees. Subject to the provisions of the 1940 Act, any Trustee may, by power of attorney, delegate his power for a period not exceeding six (6) months at any one time to any other Trustee or Trustees; provided that in no case shall less than two (2) Trustees personally exercise the powers granted to the Trustees under the Declaration except as herein otherwise expressly provided.

Appears in 69 contracts

Samples: Agreement and Declaration of Trust (John Hancock Tax-Advantaged Global Shareholder Yield Fund), Agreement and Declaration (Eaton Vance Floating-Rate 2022 Target Term Trust), Agreement and Declaration of Trust (Eaton Vance Floating-Rate 2024 Target Term Trust)

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Delegation of Power to Other Trustees. Subject to the provisions of the 1940 Act, any Any Trustee may, by power of attorney, delegate his power for a period not exceeding six (6) months at any one time to any other Trustee or Trustees; provided that in no case shall less fewer than two (2) Trustees personally exercise the powers granted to the Trustees under the this Declaration except as herein otherwise expressly provided.

Appears in 30 contracts

Samples: Agreement and Declaration of Trust (John Hancock Preferred Income Fund), Agreement and Declaration (John Hancock Preferred Income Fund Iii), Agreement and Declaration of Trust (John Hancock Funds II)

Delegation of Power to Other Trustees. Subject to the provisions of the 1940 Act, any Trustee may, by power of attorney, delegate his power for a period not exceeding six (6) months at any one time to any other Trustee or Trustees; provided that in no case shall less than two (2) Trustees personally exercise the powers granted grated to the Trustees under the Declaration except as herein otherwise expressly provided.

Appears in 13 contracts

Samples: Eaton Vance New Jersey Municipal Income Trust (Eaton Vance New Jersey Municipal Income Trust), Eaton Vance (Eaton Vance California Municipal Income Trust), Eaton Vance (Eaton Vance Insured Municipal Bond Fund)

Delegation of Power to Other Trustees. Subject to the provisions of the 1940 Act, any Any Trustee may, by power of attorney, delegate his power for a period not exceeding six (6) months at any one time to any other Trustee or Trustees; provided that in no case shall less fewer than two (2) Trustees personally exercise the powers granted to the Trustees under the this Declaration of Trust except as herein otherwise expressly providedprovided herein.

Appears in 8 contracts

Samples: Ultimus Managers Trust (Ultimus Managers Trust), Ultimus Managers Trust (Ultimus Managers Trust), Empyreal Investment Trust (Empyreal Investment Trust)

Delegation of Power to Other Trustees. Subject to the provisions of the 1940 Act, any Trustee may, by power of attorney, delegate his power for a period not exceeding six (6) months at any one time to any other Trustee or Trustees; provided that in no case shall less than two (2) Trustees personally exercise the powers granted to the Trustees under the Declaration Declaration, except as herein otherwise expressly provided.

Appears in 1 contract

Samples: Highland Capital Fixed Income Fund

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Delegation of Power to Other Trustees. Subject to the provisions of the 1940 Act, any Any Trustee may, by power of attorney, delegate his power for a period not exceeding six (6) months at any one time to any other Trustee or Trustees; provided that in no case shall less fewer than two (2) Trustees personally exercise the powers granted to the Trustees under the Declaration of Trust except as herein otherwise expressly providedprovided herein or by resolution of the Board of Trustees.

Appears in 1 contract

Samples: Lsa Variable Series Trust

Delegation of Power to Other Trustees. Subject to the provisions of requirements imposed by the 1940 ActAct and other applicable law, any Trustee may, by power of attorney, delegate his power for a period not exceeding six (6) months at any one time to any other Trustee or Trustees; provided that in no case shall less fewer than two (2) Trustees personally exercise the powers granted to the Trustees under the Declaration except as herein otherwise expressly providedprovided herein.

Appears in 1 contract

Samples: Investment Advisory Agreement (MFS Government Securities Fund)

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