Common use of Number, Election and Tenure Clause in Contracts

Number, Election and Tenure. The number of Trustees shall be the number of persons signing this Agreement until changed by the Trustees from time to time pursuant to Section 4.3, but shall at all times be at least one (1). Each Trustee shall serve during the continued lifetime of the Trust until the next meeting of Shareholders called for the purpose of electing Trustees and until the election and qualification of his or her successor or, if sooner, until he or she dies, declines to serve, resigns, retires, is removed or is incapacitated as herein provided. Shareholders shall not be entitled to elect Trustees except as required by the 1940 Act. To the extent required by the 1940 Act, the Shareholders shall elect the Trustees on such dates as the Trustees may fix from time to time. Any Trustee may resign at any time by an instrument signed by him and delivered to any officer of the Trust or to a meeting of the Trustees. Such resignation shall be effective upon receipt unless specified to be effective at some other time. Except to the extent expressly provided in a written agreement with the Trust, no Trustee resigning and no Trustee removed shall have any right to any compensation for any period following the effective date of his or her resignation or removal, or any right to damages on account of such removal. The Shareholders may elect Trustees at any meeting of Shareholders called by the Trustees for that purpose. Any Trustee may be removed by action of a majority of the Trustees with or without cause. Any Trustee may be removed with or without cause at any meeting of Shareholders by a vote of two-thirds of the total combined net asset value of all Shares of the Trust issued and outstanding. A meeting of Shareholders for the purpose of electing or removing one or more Trustees shall be called as provided in the By-Laws.

Number, Election and Tenure. The number of Trustees shall initially be one who shall be Xxxxxxx X. Xxxxxxxx. Hereafter, the number of persons signing this Agreement until changed by the Trustees from time to time pursuant to Section 4.3, but shall at all times be at least one (1)and no more than fifteen as determined, from time to time, by the Trustees pursuant to Section 3 of this Article IV. Each Trustee shall serve during the continued lifetime of the Trust until he or she dies, resigns, is declared bankrupt or incompetent by a court of appropriate jurisdiction, or is removed, or, if sooner, until the next meeting of Shareholders called for the purpose of electing Trustees and until the election and qualification of his or her successor or, if sooner, until he or she dies, declines to serve, resigns, retires, is removed or is incapacitated as herein providedsuccessor. Shareholders shall not be entitled to elect In the event that less than the majority of the Trustees except as required holding office have been elected by the 1940 Act. To the extent required by the 1940 ActShareholders, the Shareholders Trustees then in office shall elect call a Shareholders' meeting for the Trustees on such dates as the Trustees may fix from time to timeelection of Trustees. Any Trustee may resign at any time by an written instrument signed by him and delivered to any officer office of the Trust or to a meeting of the Trustees. Such resignation shall be effective upon receipt unless specified to be effective at some other time. Except to the extent expressly provided in a written agreement with the Trust, no Trustee resigning and no Trustee removed shall have any right to any compensation for any period following the effective date of his or her resignation or removal, or any right to damages on account of such removal. The Shareholders may elect Trustees at any meeting of Shareholders called by the Trustees for that purpose. Any Trustee may be removed by action of a majority of the Trustees with or without cause. Any Trustee may be removed with or without cause at any meeting of Shareholders by a vote of two-thirds of or the total combined net asset value of all outstanding Shares of the Trust issued and outstanding. A meeting of Shareholders for the purpose of electing or removing one or more Trustees shall be called as provided in the By-LawsTrust.

Number, Election and Tenure. The number of Trustees shall initially be two, who shall be Frank W. Giordano and S. Jane Rose. Hereafter, the number of persons signing this Agreement until changed Trustees xxxxx xx xxx xxxes be at xxxxx xxo and no more than fifteen as determined, from time to time, by the Trustees from time to time pursuant to Section 4.3, but shall at all times be at least one (1)3 of this Article IV. Each Trustee shall serve during the continued lifetime of the Trust until he or she dies, resigns, is declared bankrupt or incompetent by a court of appropriate jurisdiction, or is removed, or, if sooner, until the next meeting of Shareholders called for the purpose of electing Trustees and until the election and qualification of his or her successor or, if sooner, until he or she dies, declines to serve, resigns, retires, is removed or is incapacitated as herein providedsuccessor. Shareholders shall not be entitled to elect In the event that less than the majority of the Trustees except as required holding office have been elected by the 1940 Act. To the extent required by the 1940 ActShareholder, the Shareholders Trustees then in office shall elect call a Shareholders' meeting for the Trustees on such dates as the Trustees may fix from time to timeelection of Trustees. Any Trustee may resign at any time by an written instrument signed by him and delivered to any officer of the Trust or to a meeting of the Trustees. Such resignation shall be effective upon receipt unless specified to be effective at some other time. Except to the extent expressly provided in a written agreement with the Trust, no Trustee resigning and no Trustee removed shall have any right to any compensation for any period following the effective date of his or her resignation or removal, or any right to damages on account of such removal. The Shareholders may elect Trustees at any meeting of Shareholders called by the Trustees for that purpose. Any Trustee may be removed by action of a majority of the Trustees with or without cause. Any Trustee may be removed with or without cause at any meeting of Shareholders by a vote of two-thirds of the total combined net asset value of all outstanding Shares of the Trust issued and outstanding. A meeting of Shareholders for the purpose of electing or removing one or more Trustees shall be called as provided in the By-LawsTrust.

Number, Election and Tenure. The number of Trustees shall be the number established under or pursuant to the Prior Declaration of persons signing this Agreement until changed Trust or such number as is determined, from time to time, by the Trustees from time to time pursuant to Section 4.3, 3 of this Article IV but shall at all times be at least one (1)one. Each Trustee shall serve during the continued lifetime of the Trust until the next meeting of Shareholders called for the purpose of electing Trustees and until the election and qualification of his or her successor or, if sooner, until he or she dies, declines to serve, resigns, retires, is removed or is incapacitated as herein provided. Shareholders shall not be entitled to elect In the event that less than the majority of the Trustees except as required holding office have been elected by the 1940 Act. To Shareholders, to the extent required by the 1940 Act, the Shareholders shall elect but only to such extent, the Trustees on such dates as then in office shall call a Shareholders' meeting for the Trustees may fix from time to timeelection of Trustees. Any Trustee may resign at any time by an instrument signed by him and delivered to any officer of the Trust or to a meeting of the Trustees. Such resignation shall be effective upon receipt unless specified to be effective at some other time. Except to the extent expressly provided in a written agreement with the Trust, no Trustee resigning and no Trustee removed shall have any right to any compensation for any period following the effective date of his or her resignation or removal, or any right to damages on account of such removal. The Shareholders may elect Trustees at any meeting of Shareholders called by the Trustees for that purpose. Any Trustee may be removed by action of a majority of the Trustees with or without cause. Any Trustee may be removed with or without cause at any meeting of Shareholders by a vote of two-thirds of the total combined net asset value of all outstanding Shares of the Trust issued and outstanding. A meeting of Shareholders for the purpose of electing or removing one or more Trustees shall be called as provided in the By-LawsTrust.

Number, Election and Tenure. The number of Trustees shall initially be one, who shall be Xxxx X. Xxxxxxx. Hereafter, the number of persons signing this Agreement until changed by the Trustees from time to time pursuant to Section 4.3, but shall at all times be at least one (1)and no more than fifteen as determined, from time to time, by the Trustees pursuant to Section 3 of this Article IV. Each Trustee shall serve during the continued lifetime of the Trust until he or she dies, resigns, is declared bankrupt or incompetent by a court of appropriate jurisdiction, or is removed, or, if sooner, until the next meeting of Shareholders called for the purpose of electing Trustees and until the election and qualification of his or her successor or, if sooner, until he or she dies, declines to serve, resigns, retires, is removed or is incapacitated as herein providedsuccessor. Shareholders shall not be entitled to elect In the event that less than the majority of the Trustees except as required holding office have been elected by the 1940 Act. To the extent required by the 1940 ActShareholders, the Shareholders Trustees then in office shall elect call a Shareholders' meeting for the Trustees on such dates as the Trustees may fix from time to timeelection of Trustees. Any Trustee may resign at any time by an written instrument signed by him and delivered to any officer of the Trust or to a meeting of the Trustees. Such resignation shall be effective upon receipt unless specified to be effective at some other time. Except to the extent expressly provided in a written agreement with the Trust, no Trustee resigning and no Trustee removed shall have any right to any compensation for any period following the effective date of his or her resignation or removal, or any right to damages on account of such removal. The Shareholders may elect Trustees at any meeting of Shareholders called by the Trustees for that purpose. Any Trustee may be removed by action of a majority of the Trustees with or without cause. Any Trustee may be removed with or without cause at any meeting of Shareholders by a vote of two-thirds of the total combined net asset value of all outstanding Shares of the Trust issued and outstanding. A meeting of Shareholders for the purpose of electing or removing one or more Trustees shall be called as provided in the By-LawsTrust.

Number, Election and Tenure. The number of Trustees shall initially be two, who shall be Franx X. Xxxxxxxx xxx S. Jane Xxxx. Xxreafter, the number of persons signing this Agreement until changed by the Trustees from time to time pursuant to Section 4.3, but shall at all times be at least one (1)two and no more than fifteen as determined, from time to time, by the Trustees pursuant to Section 3 of this Article IV. Each Trustee shall serve during the continued lifetime of the Trust until he or she dies, resigns, is declared bankrupt or incompetent by a court of appropriate jurisdiction, or is removed, or, if sooner, until the next meeting of Shareholders called for the purpose of electing Trustees and until the election and qualification of his or her successor or, if sooner, until he or she dies, declines to serve, resigns, retires, is removed or is incapacitated as herein providedsuccessor. Shareholders shall not be entitled to elect In the event that less than the majority of the Trustees except as required holding office have been elected by the 1940 Act. To the extent required by the 1940 ActShareholder, the Shareholders Trustees then in office shall elect call a Shareholders' meeting for the Trustees on such dates as the Trustees may fix from time to timeelection of Trustees. Any Trustee may resign at any time by an written instrument signed by him and delivered to any officer of the Trust or to a meeting of the Trustees. Such resignation shall be effective upon receipt unless specified to be effective at some other time. Except to the extent expressly provided in a written agreement with the Trust, no Trustee resigning and no Trustee removed shall have any right to any compensation for any period following the effective date of his or her resignation or removal, or any right to damages on account of such removal. The Shareholders may elect Trustees at any meeting of Shareholders called by the Trustees for that purpose. Any Trustee may be removed by action of a majority of the Trustees with or without cause. Any Trustee may be removed with or without cause at any meeting of Shareholders by a vote of two-thirds of the total combined net asset value of all outstanding Shares of the Trust issued and outstanding. A meeting of Shareholders for the purpose of electing or removing one or more Trustees shall be called as provided in the By-LawsTrust.