Common use of Nominating and Governance Committee Clause in Contracts

Nominating and Governance Committee. The Trustees may appoint a nominating and governance committee (the “Nominating and Governance Committee”) to consist of not less than three Trustees. The duties of the Nominating and Governance Committee will be to review the governance of the Trust. Questions arising in any meeting of the Nominating and Governance Committee shall be decided by a majority of the votes cast. Decisions may be taken by written consent signed by all of the members of the Nominating and Governance Committee. Any member of the Nominating and Governance Committee may call a meeting of the Nominating and Governance Committee upon not less than 48 hours’ notice. Where for any reason a member of the Nominating and Governance Committee is disqualified from voting on or participating in a decision (and no such member shall be disqualified with respect to any matter referred to in subsection 4.7.7), any other Trustee who is disinterested and is not already a member of the Nominating and Governance Committee may be designated by the Trustees to act as an alternate. Notwithstanding the appointment of the Nominating and Governance Committee, the Trustees may consider and approve any matter which the Nominating and Governance Committee has the authority to consider or approve.

Nominating and Governance Committee. The Trustees may appoint a nominating and governance committee (the “Nominating and Governance Committee”) to consist of not less than three Trustees. The duties of the Nominating and Governance Committee will be to review the governance of the Trust. Questions arising in any meeting of the Nominating and Governance Committee shall be decided by a majority of the votes cast. Decisions may be taken by written consent signed by all of the members of the Nominating and Governance Committee. Any member of the Nominating and Governance Committee may call a meeting of the Nominating and Governance Committee upon not less than 48 hours’ notice. Where for any reason a member of the Nominating and Governance Committee is disqualified from voting on or participating in a decision (and no such member shall be disqualified with respect to any matter referred to in subsection 4.7.7section 4.7.6), any other Trustee who is disinterested and is not already a member of the Nominating and Governance Committee may be designated by the Trustees to act as an alternate. Notwithstanding the appointment of the Nominating and Governance Committee, the Trustees may consider and approve any matter which the Nominating and Governance Committee has the authority to consider or approve.