Common use of Election and Term Clause in Contracts

Election and Term. Each Trustee, whether currently a Trustee or hereafter becoming a Trustee, shall serve as a Trustee of the Trust and of each Sub-Trust hereunder during the lifetime of this Trust and until its termination as hereinafter provided except as such Trustee sooner dies, retires, resigns or is removed. Subject to Section 16(a) of the 1940 Act, the Trustees may elect their own successors, designate new and additional Trustees, and may, pursuant to Section 3.1(f) hereof, appoint Trustees to fill vacancies.

Appears in 5 contracts

Samples: Master Trust Agreement (Russell Investment Funds), Master Trust Agreement (Russell Investment Co), Master Trust Agreement (Russell Investment Funds)

AutoNDA by SimpleDocs

Election and Term. The Trustees shall be elected by Shareholders of the Trust. Each Trustee, whether currently a Trustee named above or hereafter becoming a Trusteetrustee, shall serve as a Trustee of the Trust and of each Sub-Series of the Trust hereunder during the lifetime of this Trust and until its termination as hereinafter provided except as such Trustee sooner dies, retires, resigns or is removed. Subject to Section 16(a) of the 1940 Act, the Trustees may elect their own successors, designate new and additional Trustees, successors and may, pursuant to Section 3.1(f3.1(e) hereof, hereof appoint Trustees to fill vacancies.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Rochester Fund Municipals), Agreement and Declaration of Trust (Rochester Portfolio Series), Agreement and Declaration of Trust (Rochester Fund Series)

Election and Term. Each Trustee, whether currently a Trustee or hereafter becoming a Trustee, shall serve as a Trustee of the Trust and of each Sub-Trust hereunder during the lifetime of this Trust and until its termination as hereinafter provided except as such Trustee sooner dies, retires, resigns or is removed. Subject to Section 16(a) of the 1940 Act, the Trustees may elect their own successors, designate new and additional Trustees, successors and may, pursuant to Section 3.1(f) hereof, appoint Trustees to fill vacancies.

Appears in 2 contracts

Samples: Master Trust Agreement (Artio Global Investment Funds), Master Trust Agreement (Julius Baer Investment Funds)

Election and Term. Each Trustee, whether currently a Trustee serving as of the date hereof or hereafter becoming a Trustee, shall serve as a Trustee of the Trust and of each Sub-Trust hereunder during the lifetime of this Trust and until its termination as hereinafter provided except as such Trustee sooner dies, retires, resigns or is removed. Subject to Section 16(a) of the 1940 Act, the Trustees may elect their own successors, designate new and additional Trustees, successors and may, pursuant to Section 3.1(f3.1(e) hereof, appoint Trustees to fill vacancies.

Appears in 1 contract

Samples: Master Trust Agreement (Glenmede Portfolios)

AutoNDA by SimpleDocs

Election and Term. Each Trustee, whether currently a Trustee or hereafter becoming a Trustee, shall serve as a Trustee of the Trust and of each Sub-Trust hereunder during the lifetime of this Trust and until its termination as hereinafter provided except as such Trustee sooner dies, retires, resigns or is removed. Subject to Section 16(a) of the 1940 Act, the Trustees may elect their own successors, designate new and additional Trustees, successors and may, pursuant to Section 3.1(f) hereof, appoint Trustees to fill vacancies.

Appears in 1 contract

Samples: Master Trust Agreement (Russell Frank Investment Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!