Common use of President and Vice Presidents Clause in Contracts

President and Vice Presidents. Subject to the powers of the Chairman, if there is such an officer, the president shall be the principal executive officer of the Trust. He or she may call meetings of the Board and of any Committee thereof when he or she deems it necessary and, in the absence of the Chairman, shall preside at all meetings of the Shareholders. Subject to the control of the Trustees, the Chairman and any Committees of the Trustees, within their respective spheres, as provided by the Trustees, the President shall at all times exercise a general supervision and direction over the affairs of the Trust. The President shall have the power to employ attorneys and counsel for the Trust and to employ such subordinate officers, agents, clerks and employees as he or she may find necessary to transact the business of the Trust. He or she shall also have the power to grant, issue, execute or sign such powers of attorney, proxies or other documents as may be deemed advisable or necessary in furtherance of the interests of the Trust. The President shall have such powers and duties as from time to time may be conferred upon or assigned to him or her by the Directors. In the absence or disability of the President, the Vice President or, if there be more than one Vice President, any Vice President designated by the Trustees shall perform all the duties and may exercise any of the powers of the President, subject to the control of the Trustees. Each Vice President shall perform such other duties as may be assigned to him or her from time to time by the Trustees or the President.

President and Vice Presidents. Subject to the powers of the Chairman, if there is such an officer, the president President shall be the principal executive officer of the Trust. He or she may call meetings of the Board and of any Committee thereof when he or she deems it necessary and, in the absence of the Chairman, shall preside at all meetings of the Shareholders. Subject to the control of the Trustees, the Chairman and any Committees of the Trustees, within their respective spheres, as provided by the Trustees, the President shall at all times exercise a general supervision and direction over the affairs of the Trust. The President shall have the power to employ attorneys and counsel for the Trust and to employ such subordinate officers, agents, clerks and employees as he or she may find necessary to transact the business of the Trust. He or she shall also have the power to grant, issue, execute or sign such powers of attorney, proxies or other documents as may be deemed advisable or necessary in furtherance of the interests of the Trust. The President shall have such powers and duties as from time to time may be conferred upon or assigned to him or her by the Directors. In the absence or disability of the President, the Vice President or, if there be more than one Vice President, any Vice President designated by the Trustees shall perform all the duties and may exercise any of the powers of the President, subject to the control of the Trustees. Each Vice President shall perform such other duties as may be assigned to him or her from time to time by the Trustees or the President.

President and Vice Presidents. Subject to the powers of the Chairman, if there is such an officer, the president The President shall be the principal chief executive officer of the Trust. He or she may call meetings of the Board and of any Committee thereof when he or she deems it necessary Trust and, in the absence of the Chairman, shall preside at all meetings of the Shareholders. Subject subject to the control of the Trustees, shall have general supervision, direction and control of the Chairman business of the Trust and any Committees of its employees and shall exercise such general powers of management as are usually vested in the office of President of a corporation. Subject to direction of the Trustees, within their respective spheresthe President shall each have power in the name and on behalf of the Trust to execute any and all loans, as provided documents, contracts, agreements, deeds, mortgages, registration statements, applications, requests, filings and other instruments in writing, and to employ and discharge employees and agents of the Trust. Unless otherwise directed by the Trustees, the President shall at have full authority and power, on behalf of all times exercise a general supervision and direction over the affairs of the Trust. The President shall have the power Trustees, to employ attorneys attend and counsel for to act and to vote, on behalf of the Trust and at any meetings of business organizations in which the Trust holds an interest, or to employ such subordinate officers, agents, clerks and employees as he or she may find necessary to transact the business of the Trust. He or she shall also have the power to grant, issue, execute or sign confer such powers of attorneyupon any other persons, by executing any proxies or other documents as may be deemed advisable or necessary in furtherance of the interests of the Trustduly authorizing such persons. The President shall have such powers further authorities and duties as the Trustees shall from time to time may be conferred upon or assigned to him or her by the Directorsdetermine. In the absence or disability of the President, the Vice President Vice-Presidents in order of their rank as fixed by the Trustees or, if there be more than one Vice Presidentand not ranked, any Vice the Vice-President designated by the Trustees Trustees, shall perform all of the duties and may exercise any of the powers of the President, and when so acting shall have all the powers of and be subject to all of the control restrictions upon the President. Subject to the direction of the Trustees. Each Vice , and of the President, each Vice-President shall perform have the power in the name and on behalf of the Trust to execute any and all instruments in writing, and, in addition, shall have such other duties and powers as may shall be assigned to him or her designated from time to time by the Trustees or by the President.

President and Vice Presidents. Subject to the powers of the Chairman, if there is be such an officer, the president President shall be the principal executive officer of the Trust. He or she may call meetings of the Board Trustees and of any Committee thereof when he or she deems it necessary and, in the absence of the Chairman, shall preside at all meetings of the Shareholders. Subject to the control of the Trustees, the Chairman and any Committees of the Trustees, within their respective spheres, as provided by the Trustees, the President shall at all times exercise a general supervision and direction over the affairs of the Trust. The President shall have the power to employ attorneys and counsel for the Trust and to employ such subordinate officers, agents, clerks and employees as he or she may find necessary to transact the business of the Trust. He or she shall also have the power to grant, issue, execute or sign such powers of attorney, proxies or other documents as may be deemed advisable or necessary in furtherance of the interests of the Trust. The President shall have such powers and duties as from time to time may be conferred upon or assigned to him or her by the Directors. In the absence or disability of the President, the Vice President or, if there be more than one Vice President, any Vice President designated by the Trustees shall perform all the duties and may exercise any of the powers of the President, subject to the control of the Trustees. Each Vice President shall perform such other duties as may be assigned to him or her from time to time by the Trustees or the President.

President and Vice Presidents. Subject to the powers of the Chairman, if there is such an officer, the president The President shall be the principal chief executive officer of the Trust. He or she may call meetings of the Board and of any Committee thereof when he or she deems it necessary Trust and, in the absence of the Chairman, shall preside at all meetings of the Shareholders. Subject subject to the control of the Trustees, shall have general supervision, direction and control of the Chairman business of the Trust and any Committees of its employees and shall exercise such general powers of management as are usually vested in the office of President of a corporation. Subject to direction of the Trustees, within their respective spheresthe President shall have power in the name and on behalf of the Trust to execute any and all loans, as provided documents, contracts, agreements, deeds, mortgages, registration statements, applications, requests, filings and other instruments in writing, and to employ and discharge employees and agents of the Trust. Unless otherwise directed by the Trustees, the President shall at have full authority and power, on behalf of all times exercise a general supervision and direction over the affairs of the Trust. The President shall have the power Trustees, to employ attorneys attend and counsel for to act and to vote, on behalf of the Trust and at any meetings of business organizations in which the Trust holds an interest, or to employ such subordinate officers, agents, clerks and employees as he or she may find necessary to transact the business of the Trust. He or she shall also have the power to grant, issue, execute or sign confer such powers of attorneyupon any other persons, by executing any proxies or other documents as may be deemed advisable or necessary in furtherance of the interests of the Trustduly authorizing such persons. The President shall have such powers further authorities and duties as the Trustees shall from time to time may be conferred upon or assigned to him or her by the Directorsdetermine. In the absence or disability of the President, the Vice President Vice-Presidents in order of their rank as fixed by the Trustees or, if there be more than one Vice Presidentand not ranked, any Vice the Vice-President designated by the Trustees Trustees, shall perform all of the duties and may exercise any of the powers of the President, and when so acting shall have all the powers of and be subject to all of the control restrictions upon the President. Subject to the direction of the Trustees. Each Vice , and of the President, each Vice-President shall perform have the power in the name and on behalf of the Trust to execute any and all instruments in writing, and, in addition, shall have such other duties and powers as may shall be assigned to him or her designated from time to time by the Trustees or by the President.

President and Vice Presidents. The President shall, subject to the control of the Board of Directors and, if there be one, the Chair of the Board of Directors, have general supervision of the business of the Fund and shall see that all orders and resolutions of the Board of Directors are carried into effect. Subject to the powers direction by the Board of Directors, the President or, when authorized by this Agreement, any Director or the other officers of the ChairmanFund shall execute all bonds, if there is such an officermortgages, the president shall be the principal executive officer contracts, documents and other instruments of the TrustFund. He In the absence or she may call meetings disability of the Chair of the Board and of any Committee thereof when he Directors, or she deems it necessary andif there be none, in the absence of the ChairmanPresident, shall preside at all meetings of the ShareholdersMembers and the Board of Directors. Subject to Unless the control Board of the Trustees, the Chairman and any Committees of the Trustees, within their respective spheres, as provided by the TrusteesDirectors shall otherwise designate, the President shall at all times exercise a general supervision and direction over be the affairs Chief Executive Officer of the TrustFund. The President shall have the power to employ attorneys also perform such other duties and counsel for the Trust and to employ may exercise such subordinate officers, agents, clerks and employees as he or she may find necessary to transact the business of the Trust. He or she shall also have the power to grant, issue, execute or sign such other powers of attorney, proxies or other documents as may be deemed advisable or necessary in furtherance of the interests of the Trust. The President shall have such powers and duties as from time to time may be conferred upon or assigned to him such officer by this Agreement or her by the Board of Directors. In At the request of the President or in the President’s absence or disability in the event of the President’s inability or refusal to act (and if there be no Chair of the Board of Directors), the Vice President, or the Vice Presidents if there is more than one (in the order designated by the Board of Directors), shall perform the duties of the President, the Vice President orand when so acting, if there be more than one Vice President, any Vice President designated by the Trustees shall perform have all the duties and may exercise any of the powers of and be subject to all the restrictions upon the President, subject to the control of the Trustees. Each Vice President shall perform such other duties and have such other powers and duties as may be assigned to him the Board of Directors, the Chair of the Board of Directors or her the President from time to time by may prescribe. The Vice President shall act under the Trustees supervision of the President. If there be no Chair of the Board of Directors and no Vice President, the Board of Directors shall designate the officer of the Fund who, in the absence of the President or in the event of the inability or refusal of the President to act, shall perform the duties of the President, and when so acting, shall have all the powers of and be subject to all the restrictions upon the President.