Common use of Participation by Electronic Means by Board of Directors Clause in Contracts

Participation by Electronic Means by Board of Directors. Any Director may participate in a meeting of the Board of Directors or any committee thereof in person or by means of conference telephone or similar communications equipment by which all persons participating in the meeting can hear and speak to each other at the same time. Except for purposes of the Investment Company Act, such participation shall constitute presence in person at the meeting.

Participation by Electronic Means by Board of Directors. Any Director may participate in a meeting of the Board of Directors or any committee thereof in person or by means of video or telephone conference telephone or similar communications equipment by which all persons participating in the meeting can hear and speak to each other at the same time. Except for purposes of the Investment Company Act, such Such participation shall constitute presence in person at the meeting, including for purposes of the Investment Company Act to the extent permitted by applicable law or exemptive relief or similar no-action or interpretive guidance issued by the Securities and Exchange Commission or its staff.