Common use of Quorum; Required Vote Clause in Contracts

Quorum; Required Vote. The holders of a majority of the Outstanding Shares of each Series or Class, or a majority 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 Declaration or the By-laws, a majority of the Shares voting at a Shareholders’ meeting in person or by proxy shall decide any matters to be voted upon with respect to the entire Trust and a plurality of such Shares shall elect a Trustee; provided, that if this Declaration or applicable law permits or requires that Shares be voted on any matter by individual Series or Classes, then a majority of the Shares of that Series or Class (or, if required by law, a majority of the Shares outstanding and entitled to vote of that Series or Class) voting at a Shareholders’ meeting in person or by proxy on the matter shall decide that matter insofar as that Series or Class is concerned; and provided further that if this Declaration (including any terms of a class of preferred Shares) or applicable law requires that the Shareholders of one or more specific Classes elect one or more Trustees, such Trustees shall be elected by a plurality of the Shares of such Class, except when a larger vote is required as aforesaid.

Quorum; Required Vote. The holders Except when a larger quorum is required by applicable law, by the Bylaws or by this Declaration of Trust, a majority of the Outstanding Shares of each Series or Class, or a majority of the Outstanding Shares of the Trust, entitled to vote in person or by proxy issued and outstanding shall be constitute a quorum for the transaction of business at a Shareholders’ meeting with respect or at any adjournment or postponement thereof. When any one or more Series (or Classes) is to vote as a single Series (or Class) separate from any other Shares, a majority of the Shares of each such Series (or Class, or with respect to the entire Trust, respectively. Any lesser number ) issued and outstanding shall be sufficient for adjournments. Any adjourned session of constitute a quorum at a Shareholders’ meeting may be held within a reasonable time without further noticeor any adjournment or postponement thereof of that Series (or Class). Except when a larger vote is required by any provision of this Declaration of Trust, the Bylaws or by applicable law, this Declaration or the By-lawswhen a quorum is present at any meeting, a majority of the Shares voting at a Shareholders’ meeting in person or by proxy voted shall decide any matters to be voted upon with respect to the entire Trust questions and a plurality of such the Shares voted shall elect a Trustee; provided, that if that, where any provision of law or of this Declaration or applicable law permits or of Trust requires that Shares be voted on the holders of any matter by individual Series shall vote as a Series (or Classesthat holders of a Class shall vote as a Class), then a majority of the Shares of that Series or Class (or, if required by law, a majority of the Shares outstanding and entitled to vote of that Series or Class) voting at a Shareholders’ meeting in person or by proxy voted on the matter (or a plurality with respect to the election of a Trustee) shall decide that matter insofar as that Series (or Class Class) is concerned; and provided further that if this Declaration (including any terms of a class of preferred Shares) or applicable law requires that the Shareholders of one or more specific Classes elect one or more Trustees, such Trustees shall be elected by a plurality of the Shares of such Class, except when a larger vote is required as aforesaid.

Quorum; Required Vote. The holders of a A majority of the Outstanding Shares of ----------------------- each Series or ClassSeries, or a majority 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 ClassSeries, 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 Declaration of Trust or the By-lawsBylaws, a majority Majority of the Outstanding Shares voting at a Shareholders’ meeting voted in person or by proxy shall decide any matters to be voted upon with respect to the entire Trust (or, if required by law, a Majority Shareholder Vote of the entire Trust) and a plurality of such Outstanding Shares shall elect a Trustee; provided, that if this Declaration of Trust or applicable law permits or requires that Shares be voted on any matter by individual Series or ClassesSeries, then a majority of the Outstanding Shares of that Series or Class (or, if required by law, a majority of the Shares outstanding and entitled to vote Majority Shareholder Vote of that Series or ClassSeries) voting at a Shareholders’ meeting voted in person or by proxy voted on the matter shall decide that matter insofar as that Series or Class is concerned; and provided further that if . Shareholders may act as to the Trust or any Series by the written consent of a majority (or such greater amount as may be required by applicable law, this Declaration (including any terms of a class of preferred SharesTrust, or the Bylaws) or applicable law requires that the Shareholders of one or more specific Classes elect one or more Trustees, such Trustees shall be elected by a plurality of the Outstanding Shares of the Trust or of such ClassSeries, except when a larger vote is required as aforesaidthe case may be.

Quorum; Required Vote. The holders Holders of a majority of the Outstanding Shares of each Series or Class, or a majority of the Outstanding Shares of the Trust, Series or Class, as applicable, representing one-third of the votes entitled to vote be cast at the meeting 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, respectivelymeeting. 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 Declaration Declaration, the Bylaws or the By-lawsTrustees, holders of Shares representing a majority of the Shares voting votes cast at a Shareholders’ meeting in person or by proxy shall decide any matters to be voted upon with respect to the entire Trust and except that a plurality of such Shares votes cast shall elect a Trustee; provided, that if this Declaration or applicable law permits or requires that Shares be voted on any matter by individual Series or Classes, then holders, except when a majority larger vote is required by law, this Declaration, the Bylaws or the Trustees, of the Shares of that Series or Class (or, if required by law, representing a majority of the Shares outstanding and entitled to vote of that Series or Class) voting votes cast at a Shareholders’ meeting in person or by proxy on the matter shall decide that matter insofar as that Series or Class is concerned; and provided further , except that if this Declaration (including any terms of a class of preferred Shares) or applicable law requires that the Shareholders of one or more specific Classes elect one or more Trustees, such Trustees shall be elected by a plurality of such votes cast shall elect a Series Trustee. With respect to any matter presented to the Shareholders for approval, the Shareholders may act as to the Trust or any Series or Class by the written consent of holders of Shares of such the Trust, Series or Class, except when as the case may be, representing a larger majority (or such other amount as may be required by applicable law) of the votes entitled to be cast on the matter subject to such consent. Such consent shall be treated for all purposes as a vote is required as aforesaidtaken at a meeting of Shareholders.