Common use of Quorum; Required Vote Clause in Contracts

Quorum; Required Vote. One-third of the Outstanding Shares of each Series or Class, or one-third of the Outstanding Shares of the Trust, entitled to vote in person or by proxy shall be a quorum for the transaction of business at a Shareholders' meeting with respect to such Series or Class, or with respect to the entire Trust, respectively. Any lesser number shall be sufficient for adjournments. Any adjourned session of a Shareholders' meeting may be held within a reasonable time without further notice. Except when a larger vote is required by law, this Trust Instrument, or the By-laws, a majority of the Outstanding Shares voted in person or by proxy shall decide any matters to be voted on with respect to the entire Trust and a plurality of such Outstanding Shares shall elect a Trustee; provided, that if this Trust Instrument or applicable law permits or requires that Shares be voted on any matter by individual Series or Classes, then a majority of the outstanding Shares of that Series or Class (or, if required by law, a Majority Shareholder Vote of that Series or Class) voted in person or by proxy voted on the matter shall decide that matter insofar as that Series or Class is concerned. Shareholders may act as to the Trust or any Series or Class by the written consent of a majority (or such greater amount as may be required by applicable law) of the Outstanding Shares of the Trust or of such Series or Class, as the case may be.

Quorum; Required Vote. One-third of the Outstanding Shares of each affected Series or Class, or one-third (33 1/3%) of the Outstanding Shares of the Trust, entitled to vote in person or by proxy shall be a quorum for the transaction of business at a Shareholders' meeting with respect to such Series or Class, or with respect to the entire Trust, respectively. Any lesser number shall be sufficient for adjournments. Any adjourned session of a Shareholders' meeting may be held within a reasonable time without further notice. Except when a larger vote is required by law, this Trust Instrument, Declaration or the By-laws, a majority of the Outstanding Shares voted voting at a Shareholders' meeting in person or by proxy shall decide any matters to be voted on upon with respect to the entire Trust and a plurality of such Outstanding Shares shall elect a Trustee; provided, that if this Trust Instrument Declaration or applicable law permits or requires that Shares be voted on any matter by individual Series or Classes, then a majority of the outstanding Outstanding Shares of that Series or Class (or, if required by law, voting at a Majority Shareholder Vote of that Series or Class) voted Shareholders' meeting in person or by proxy voted on the matter shall decide that matter insofar as that Series or Class is concerned. Shareholders may act as to the Trust or any Series or Class by the written consent of a majority (or such greater other amount as may be required by applicable law) of the Outstanding Shares of the Trust or of such Series or Class, as the case may be.

Quorum; Required Vote. One-third of the Outstanding Shares of each Series or Class, or one-third of the Outstanding Shares of the Trust, entitled to vote in person or by proxy shall be a quorum for the transaction of business at a Shareholders' ’ meeting with respect to such Series or Class, or with respect to the entire Trust, respectively. Any lesser number shall be sufficient for adjournments. Any adjourned session of a Shareholders' ’ meeting may be held within a reasonable time without further notice. Except when a larger vote is required by law, this Trust Instrument, Instrument or the By-lawsBylaws, a majority of the Outstanding Shares voted in person or by proxy shall decide any matters to be voted on upon with respect to the entire Trust and a plurality of such Outstanding Shares shall elect a Trustee; provided, that if this Trust Instrument or applicable law permits or requires that Shares be voted on any matter by individual Series or Classes, then a majority of the outstanding Outstanding Shares of that Series or Class (or, if required by law, a Majority Shareholder Vote of that Series or Class) voted in person or by proxy voted on the matter shall decide that matter insofar as that Series or Class is concerned. Shareholders may act as to the Trust or any Series or Class by the written consent of a majority (or such greater amount as may be required by applicable law) of the Outstanding Shares of the Trust or of such Series or Class, as the case may be.

Quorum; Required Vote. One-third (33 1/3%) of the Outstanding Shares of each affected Series or Class, or one-third (33 1/3%) of the Outstanding Shares of the Trust, entitled to vote in person or by proxy shall be a quorum for the transaction of business at a Shareholders' meeting with respect to such Series or Class, or with respect to the entire Trust, respectively. Any lesser number shall be sufficient for adjournments. Any adjourned session of a Shareholders' meeting may be held within a reasonable time without further notice. Except when a larger vote is required by applicable law, this Trust Instrument, Declaration or the By-laws, a majority of the Outstanding Shares voted voting at a Shareholders' meeting in person or by proxy shall decide any matters to be voted on upon with respect to the entire Trust and a plurality of such Outstanding Shares shall elect a Trustee; provided, that if this Trust Instrument Declaration or applicable law permits or requires that Shares be voted on any matter by individual Series or Classes, then a majority of the outstanding Outstanding Shares of that Series or Class (or, if required by law, voting at a Majority Shareholder Vote of that Series or Class) voted Shareholders' meeting in person or by proxy voted on the matter shall decide that matter insofar as that Series or Class is concerned. Shareholders may act as to the Trust or any Series or Class by the written consent of a majority (or such greater other amount as may be required by applicable law) of the Outstanding Shares of the Trust or of such Series or Class, as the case may be.

Quorum; Required Vote. One-third (33 1/3%) of the Outstanding Shares of each affected Series or Class, or one-third (33 1/3%) of the Outstanding Shares of the Trust, entitled to vote in person or by proxy shall be a quorum for the transaction of business at a Shareholders' ’ meeting with respect to such Series or Class, or with respect to the entire Trust, respectively. Any lesser number shall be sufficient for adjournments. Any adjourned session of a Shareholders' ’ meeting may be held within a reasonable time without further notice. Except when a larger vote is required by law, this Trust Instrument, Declaration or the By-laws, a majority of the Outstanding Shares voted voting at a Shareholders’ meeting in person or by proxy shall decide any matters to be voted on upon with respect to the entire Trust and a plurality of such Outstanding Shares shall elect a Trustee; provided, that if this Trust Instrument Declaration or applicable law permits or requires that Shares be voted on any matter by individual Series or Classes, then a majority of the outstanding Outstanding Shares of that Series or Class (or, if required by law, voting at a Majority Shareholder Vote of that Series or Class) voted Shareholders’ meeting in person or by proxy voted on the matter shall decide that matter insofar as that Series or Class is concerned. Shareholders may act as to the Trust or any Series or Class by the written consent of a majority (or such greater other amount as may be required by applicable law) of the Outstanding Shares of the Trust or of such Series or Class, as the case may be.

Quorum; Required Vote. One-third of the Outstanding Shares of each Series or Class, or one-third of the Outstanding Shares of the Trust, entitled to vote in person or by proxy shall be a quorum for the transaction of business at a Shareholders' ’ meeting with respect to such Series or Class, or with respect to the entire Trust, respectively. Any lesser number shall be sufficient for adjournments. Any adjourned session of a Shareholders' ’ meeting may be held within a reasonable time without further notice. Except when a larger vote is required by law, this Trust Instrument, Declaration or the By-laws, a majority of the Outstanding Shares voted voting at a Shareholders’ meeting in person or by proxy shall decide any matters to be voted on upon with respect to the entire Trust and a plurality of such Outstanding Shares shall elect a Trustee; provided, that if this Trust Instrument Declaration or applicable law permits or requires that Shares be voted on any matter by individual Series or Classes, then a majority of the outstanding Outstanding Shares of that Series or Class (or, if required by law, voting at a Majority Shareholder Vote of that Series or Class) voted Shareholders’ meeting in person or by proxy voted on the matter shall decide that matter insofar as that Series or Class is concerned. Shareholders may act as to the Trust or any Series or Class by the written consent of a majority (or such greater other amount as may be required by applicable law) of the Outstanding Shares of the Trust or of such Series or Class, as the case may be.

Quorum; Required Vote. One-third of the Outstanding --------------------- Shares of each Series or Class, or one-third of the Outstanding Shares of the Trust, entitled to vote in person or by proxy shall be a quorum for the transaction of business at a Shareholders' meeting with respect to such Series or Class, or with respect to the entire Trust, respectively. Any lesser number shall be sufficient for adjournments. Any adjourned session of a Shareholders' meeting may be held within a reasonable time without further notice. Except when a larger vote is required by law, this Trust Instrument, Declaration or the By-laws, a majority of the Outstanding Shares voted voting at a Shareholders' meeting in person or by proxy shall decide any matters to be voted on upon with respect to the entire Trust and a plurality of such Outstanding Shares shall elect a Trustee; provided, that if this Trust Instrument Declaration or applicable law permits or requires that Shares be voted on any matter by individual Series or Classes, then a majority of the outstanding Outstanding Shares of that Series or Class (or, if required by law, voting at a Majority Shareholder Vote of that Series or Class) voted Shareholders' meeting in person or by proxy voted on the matter shall decide that matter insofar as that Series or Class is concerned. Shareholders may act as to the Trust or any Series or Class by the written consent of a majority (or such greater other amount as may be required by applicable law) of the Outstanding Shares of the Trust or of such Series or Class, as the case may be.