Common use of Required Approval Clause in Contracts

Required Approval. This plan shall not take effect until it, together with any related agreement, has been approved by a vote of at least a majority of the Fund’s Trustees as well as a vote of at least a majority of the Trustees of the Fund who are not interested persons (as defined in the Act) of the Fund and who have no direct or indirect financial interest in the operation of this Plan or in any related agreement (the “Disinterested Trustees”), cast in person at a meeting called for the purpose of voting on this Plan or any related agreement.

Appears in 15 contracts

Samples: Phoenix Investment Series Fund (Phoenix Investment Series Fund), Phoenix Series Fund (Phoenix Series Fund), Phoenix Equity Trust (Phoenix Equity Trust)

AutoNDA by SimpleDocs

Required Approval. This plan shall not take effect until it, together with any related agreement, has been approved by a vote of at least a majority of the Fund’s Trustees as well as a vote of at least a majority of the Trustees of the Fund who are not interested persons (as defined in the Act) of the Fund and who have no direct or indirect financial interest in the operation of this Plan or in any related agreement (the “Disinterested Trustees”), cast in person at a meeting called for the purpose of voting on this Plan or any related agreementagreement and this Plan.

Appears in 13 contracts

Samples: Virtus Variable Insurance Trust (Virtus Variable Insurance Trust), Virtus Variable Insurance Trust (Virtus Variable Insurance Trust), Virtus Variable Insurance Trust (Virtus Variable Insurance Trust)

Required Approval. This plan shall not take effect until it, together with any related agreement, has been approved by a vote of at least a majority of the Fund’s 's Trustees as well as a vote of at least a majority of the Trustees of the Fund who are not interested persons (as defined in the Act) of the Fund and who have no direct or indirect financial interest in the operation of this Plan or in any related agreement (the "Disinterested Trustees"), cast in person at a meeting called for the purpose of voting on this Plan or any related agreementagreement and this Plan.

Appears in 8 contracts

Samples: Virtus Equity Trust (Virtus Equity Trust), Virtus Alternative Solutions Trust (Virtus Alternative Solutions Trust), Virtus Retirement Trust (Virtus Retirement Trust)

Required Approval. This plan shall not take effect until it, together with any related agreement, has been approved by a vote of at least a majority of the Fund’s 's Trustees as well as a vote of at least a majority of the Trustees of the Fund who are not interested persons (as defined in the Act) of the Fund and who have no direct or indirect financial interest in the operation of this Plan or in any related agreement (the "Disinterested Trustees"), cast in person at a meeting called for the purpose of voting on this Plan or any related agreement.

Appears in 6 contracts

Samples: Virtus Opportunities Trust (Virtus Opportunities Trust), Phoenix Asset Trust, Phoenix Investment Trust 06

AutoNDA by SimpleDocs

Required Approval. This plan shall not take effect until it, together with any related agreement, has been approved by a vote of at least a majority of the FundTrust’s Trustees as well as a vote of at least a majority of the Trustees of the Fund who are not interested persons (as defined in the Act) of the Fund Trust and who have no direct or indirect financial interest in the operation of this Plan or in any related agreement (the “Disinterested Independent Trustees”), cast in person at a meeting called for the purpose of voting on this Plan or any related agreement.

Appears in 4 contracts

Samples: Virtus Asset Trust (Virtus Asset Trust), Virtus Asset Trust (Virtus Asset Trust), Virtus Asset Trust (Virtus Asset Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!