Common use of Persons Required to Provide Information; Interpretation Clause in Contracts

Persons Required to Provide Information; Interpretation. (a) Each Person who owns Shares either beneficially or of record shall provide to the Trust such information as the Trust may request as is necessary for the Trust to apply the provisions in this Article 15. (b) Upon approval by a majority of the Board of Trustees, the Board of Trustees may adopt policies, procedures or resolutions to supply any omission, cure any ambiguity or correct or supplement any defective or inconsistent provisions contained in this Article 15. Any interpretation of any term or provision contained in this Article 15 made by the Trustees in good faith shall be conclusive and binding upon all Shareholders of the Trust.

Appears in 5 contracts

Samples: Bylaws (Putnam Premier Income Trust), Bylaws (Putnam Master Intermediate Income Trust), Bylaws (Putnam Premier Income Trust)

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