Common use of Disinterested Trustees Clause in Contracts

Disinterested Trustees. AVIF agrees that its Board shall at all times consist of trustees a majority of whom (the “Disinterested Trustees”) are not interested persons of AVIF within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board shall at all times consist of trustees a majority of whom (the “"Disinterested Trustees”") are not interested persons of AVIF within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board of Trustees shall at all times consist of trustees a majority of whom (the “"Disinterested Trustees”") are not interested persons of AVIF within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (bBoard;(b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies vacancies; or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF (IVIF) agrees that its Board shall at all times consist of trustees a majority of whom (the “Disinterested Trustees”) are not interested persons of AVIF (IVIF) within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board of Trustees shall at all times consist of trustees a majority of whom (the “Disinterested Trustees”) are not interested persons of AVIF (the "Disinterested Trustees") within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies vacancies; or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board shall at all times consist of trustees a majority of whom (the “"Disinterested Trustees”") are not interested persons of AVIF within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies vacancies; or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board of Trustees shall at all times consist of trustees a majority of whom (the “"Disinterested Trustees”") are not interested persons of AVIF within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any directortrustee, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies vacancies; or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board of Trustees shall at all times consist of trustees a majority of whom (the “"Disinterested Trustees”") are not interested persons of AVIF within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any directortrustee, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (bBoard;(b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies vacancies; or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board of Trustees shall at all times consist of trustees a majority of whom (the “Disinterested Trustees”) are not interested persons of AVIF within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (bBoard;(b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies vacancies; or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board of Trustees shall at all times consist of trustees Trustees a majority of whom (the “"Disinterested Trustees”") are not interested persons of AVIF within the meaning of Section 2(a)(19) of the 1940 Act and the rules Rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any directorTrustee, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies vacancies; or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF Fund agrees that its Board shall at all times consist of trustees a majority of whom (the “"Disinterested Trustees”") are not interested persons of AVIF Fund within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF (IVIF) agrees that its Board shall at all times consist of trustees a majority of whom (the “"Disinterested Trustees”") are not interested persons of AVIF (IVIF) within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board of Trustees shall at all times consist of trustees a majority of whom (the “"Disinterested Trustees”") are not interested persons of AVIF within the meaning of Section 2(a)(19) of the 1940 Act and the rules Rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any directortrustee, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies vacancies; or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board of Trustees shall at all times consist of trustees a majority of whom (the “Disinterested Trustees”) are not interested persons of AVIF within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SECSEC (the "Disinterested Trustees"), except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any directortrustee, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (bBoard;(b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies vacancies; or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board shall at all times consist of trustees a majority of whom (the “Disinterested Trustees”) are not interested persons of AVIF within the meaning of Section 2(a)(192 (a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board of Trustees shall at all times consist of trustees a majority of whom (the “"Disinterested Trustees”") are not interested persons of AVIF within the meaning of Section 2(a)(192( a)( 19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (bBoard;{b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies vacancies; or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF AVIP agrees that its Board shall at all times consist of trustees a majority of whom (the “"Disinterested Trustees”") are not interested persons of AVIF AVIP within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the ofthe SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this ofthis condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board shall at all times consist of trustees a majority of whom (the “"Disinterested Trustees”") are not interested persons of AVIF within the meaning of Section 2(a)(192(a)( 19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board shall at all times consist of trustees a majority of whom (the “Disinterested Trustees”) are not interested persons of AVIF within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days clays if a vote of shareholders is required to fill the vacancy or vacancies or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board shall at all times consist of trustees a majority of whom (the “Disinterested Trustees”) are not interested persons of AVIF AVIP within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board of Trustees shall at all times consist of trustees a majority of whom (the “"Disinterested Trustees”") are not interested persons of AVIF within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies vacancies; or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board of Trustees shall at all times consist of trustees a majority of whom (the “"Disinterested Trustees”") are not interested persons of AVIF within the meaning of Section 2(a)(19) of the 1940 Act and the rules Rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies vacancies; or (c) for such longer period as the SEC may prescribe by order upon application.

Disinterested Trustees. AVIF agrees that its Board of Trustees shall at all times consist of trustees a majority of whom (the “Disinterested Trustees”) are not interested persons of AVIF within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board; (b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies vacancies; or (c) for such longer period as the SEC may prescribe by order upon application.