Common use of Independent or Disinterested Trustee Clause in Contracts

Independent or Disinterested Trustee. A Trustee who is not an "interested person" (as that term is defined under the 1940 Act or any rules or interpretation thereunder) of the Trust shall be deemed to be independent and disinterested under the Delaware Act and other applicable Delaware law when making any determinations or taking any action as a Trustee. Service by a person as a trustee or a director of one or more trusts, corporations or other entities of a fund complex shall not be considered in determining whether a trustee is independent or disinterested under the Delaware Act and other applicable Delaware law.

Appears in 4 contracts

Samples: Agreement and Declaration of Trust (Old Mutual Insurance Series Fund), Trust Agreement (PBHG Insurance Series Fund Inc), Trust Agreement (Old Mutual Advisor Funds)

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Independent or Disinterested Trustee. A Trustee who is not an "interested person" (as that term is defined under the 1940 Act or any rules or interpretation thereunder) of the Trust shall be deemed to be independent and or disinterested under the Delaware Act and other applicable Delaware law when making any determinations or taking any action as a Trustee. Service by a person as a trustee or a director of one or more trusts, corporations or other entities of a fund complex shall not be considered in determining whether a trustee is independent or disinterested under the Delaware Act and any other applicable Delaware law.. ARTICLE V

Appears in 1 contract

Samples: Trust Agreement (Old Mutual Funds III)

Independent or Disinterested Trustee. A Trustee who is not an "interested person" (as that term is defined under the 1940 Act or any rules or interpretation thereunder) of the Trust shall be deemed to be independent and disinterested under the Delaware Act and other applicable Delaware law when making any determinations or taking any action as a Trustee. Service by a person as a trustee or a director of one or more trusts, corporations or other entities of a fund complex shall not be considered in determining whether a trustee is independent or disinterested under the Delaware Act and other applicable Delaware law.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Old Mutual Advisor Funds Ii)

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Independent or Disinterested Trustee. A Trustee who is not an "interested person" (as that term is defined under the 1940 Act or any rules or interpretation thereunder) of the Trust shall be deemed to be independent and or disinterested under the Delaware Act and other applicable Delaware law when making any determinations or taking any action as a Trustee. Service by a person as a trustee or a director of one or more trusts, corporations or other entities of a fund complex shall not be considered in determining whether a trustee is independent or disinterested under the Delaware Act and any other applicable Delaware law.

Appears in 1 contract

Samples: Trust Agreement (Old Mutual Funds III)

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