Common use of Lead Independent Trustee Clause in Contracts

Lead Independent Trustee. If the Chairman is an “interested person” of the Trust, as defined in the Investment Company Act of 1940 (the “1940 Act”), the Trustees who are not such interested persons of the Trust (“Independent Trustees”) shall appoint one of their number to be Lead Independent Trustee, who shall have such duties as may be assigned by the Independent Trustees from time to time.

Appears in 47 contracts

Samples: By Laws (Calamos Dynamic Convertible & Income Fund), By Laws (Calamos Global Convertible & Dynamic Income Trust), By Laws (Calamos Global Convertible & Dynamic Income Trust)

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Lead Independent Trustee. If the Chairman is an "interested person" of the Trust, as defined in the Investment Company Act of 1940 (the "1940 Act"), the Trustees who are not such interested persons of the Trust ("Independent Trustees") shall appoint one of their number to be Lead Independent Trustee, who shall have such duties as may be assigned by the Independent Trustees from time to time.

Appears in 10 contracts

Samples: By Laws (Calamos Advisors Trust/Il), By Laws (Calamos Global Dynamic Income Fund), By Laws (Calamos Strategic Total Return Fund)

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