Common use of Notice of, and Waiver of Notice for, Trustee and Trust Advisory Board Clause in Contracts

Notice of, and Waiver of Notice for, Trustee and Trust Advisory Board. Notice of the time and place (but not necessarily the purpose or all of the purposes) of any regular or special meeting will be given to the Trustee and the members of the Trust Advisory Board in person or by telephone, or via mail or facsimile or electronic mail transmission. Notice to the Trustee and the members of the Trust Advisory Board of any such regular or special meeting, if the meeting is to be held in-person rather than telephonically, will be deemed given sufficiently in advance when, at least ten (10) days before the meeting date, (i) if given by mail, the same is deposited in the United States mail, with postage thereon prepaid, (ii) if given by facsimile transmission or by e-mail, the same is transmitted by such means, or (iii) if personally delivered (including by overnight courier) or given by telephone, the same is handed, or the substance thereof is communicated over the telephone to the Trustee and the members of the Trust Advisory Board or to an adult member of his or her office staff or household. In the event that such meeting is to be held telephonically, as authorized by subsection 8(e)(i), the notice requirement in the preceding sentence shall be ten (10) days for notice by mail and 48 hours for facsimile transmission, email, personal delivery (including by overnight courier) or telephone. The Trustee and any member of the Trust Advisory Board may waive notice of any meeting and any adjournment thereof at any time before, during, or after it is held, as provided by law. Except as provided in the next sentence below, the waiver must be in writing, signed by the Trustee or the members of the Trust Advisory Board entitled to the notice, and filed with the minutes or records of the Trust. The attendance of the Trustee or a member of the Trust Advisory Board at a meeting shall constitute a waiver of notice of such meeting, except when the person attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened.