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Common use of Vacancies and Appointment of Trustees Clause in Contracts

Vacancies and Appointment of Trustees. In case of the declination to serve, death, resignation, retirement or removal of a Trustee, or a Trustee is otherwise unable to serve, or an increase in the number of Trustees, a vacancy shall occur. Whenever a vacancy in the Board of Trustees shall occur, until such vacancy is filled, the other Trustees shall have all the powers hereunder and the certification of the other Trustees of such vacancy shall be conclusive. In the case of an existing vacancy, the remaining Trustees may fill such vacancy by appointing such other person as they in their discretion shall see fit, or may leave such vacancy unfilled or may reduce the number of Trustees to not less than two (2)

Appears in 64 contracts

Samples: Agreement and Declaration of Trust (Old Mutual Advisor Funds Ii), Agreement and Declaration of Trust (Aim Summit Fund), Agreement and Declaration of Trust (Aim Bond Funds Inc)

Vacancies and Appointment of Trustees. In case of the declination to serve, death, resignation, retirement or removal of a Trustee, or a Trustee is otherwise unable to serve, or an increase in the number of Trustees, a vacancy shall occur. Whenever a vacancy in the Board of Trustees shall occur, until such vacancy is filled, the other Trustees shall have all the powers hereunder and the certification determination of the other Trustees of such vacancy shall be conclusive. In the case of an existing any vacancy, the remaining Trustees may fill such vacancy by appointing such other person as they in their discretion shall see fit, or may leave such vacancy unfilled or may reduce the number of Trustees to not less than two (2)

Appears in 50 contracts

Samples: Agreement and Declaration of Trust (Invesco Dynamic Credit Opportunity Fund), Trust Agreement (Invesco Dynamic Credit Opportunity Fund), Agreement and Declaration of Trust (Aim Variable Insurance Funds (Invesco Variable Insurance Funds))

Vacancies and Appointment of Trustees. In case of the declination to serve, death, resignation, retirement or removal of a Trustee, or a Trustee is otherwise unable to serve, or an increase in the number of Trustees, a vacancy shall occur. Whenever a vacancy in the Board of Trustees shall occur, until such vacancy is filled, the other Trustees shall have all the powers hereunder and the certification determination of the other Trustees of such vacancy shall be conclusive. In the case of an existing vacancy, the remaining Trustees may fill such vacancy by appointing such other person as they in their discretion shall see fit, or may leave such vacancy unfilled or may reduce the number of Trustees to not less than two (2)

Appears in 43 contracts

Samples: Agreement and Declaration of Trust (Aim Sector Funds), Agreement and Declaration of Trust (Aim Treasurers Series Trust), Agreement and Declaration of Trust (Aim Investment Securities Funds)

Vacancies and Appointment of Trustees. In A vacancy shall occur in case of the declination to serve, death, resignation, retirement or removal of a Trustee, or a Trustee is otherwise unable to serve, or an increase in the number of Trustees, a vacancy shall occur. Whenever a vacancy in the Board of Trustees shall occur, until such vacancy is filled, the other Trustees shall have all the powers hereunder and the certification of the other Trustees of such vacancy shall be conclusive. In the case of an existing vacancy, the remaining Trustees may fill such vacancy by appointing appointment of such other person as they in their discretion shall see fit, or may leave such vacancy unfilled or may reduce the number of Trustees to not less than two (2)

Appears in 12 contracts

Samples: Trust Agreement (Growth Portfolio/Ca/), Trust Agreement (Global High Income Portfolio), Trust Agreement (Global Investment Portfolio)

Vacancies and Appointment of Trustees. In case of the declination to serve, death, resignation, retirement or removal of a Trustee, or a Trustee is otherwise unable to serve, or an increase in the number of Trustees, a vacancy shall occur. Whenever a vacancy in the Board of Trustees shall occur, until such vacancy is filled, the other Trustees shall have all the powers hereunder and the certification of the other Trustees of such vacancy shall be conclusive. In the case of an existing vacancy, the remaining Trustees may fill such vacancy by appointing such other person as they in their discretion shall see fit, or may leave such vacancy unfilled or may reduce the number of Trustees to not less than two three (23)

Appears in 3 contracts

Samples: Trust Agreement (Aim Investment Securities Funds Inc), Trust Agreement (Aim Funds Group/De), Trust Agreement (Short Term Investments Trust)

Vacancies and Appointment of Trustees. In case of the declination to serve, death, resignation, retirement or removal of a Trustee, or a Trustee is otherwise unable to serve, or an increase in the number size of the Board of Trustees, a vacancy shall occur. Whenever a vacancy in the Board of Trustees shall occur, until such vacancy is filled, the other Trustees shall have all the powers hereunder and the certification determination of the other Trustees of such vacancy shall be conclusive. In the case of an existing any vacancy, the remaining Trustees may fill such vacancy by appointing such other person as they in their discretion shall see fit, or may leave such vacancy unfilled or may reduce size of the number Board of Trustees to not less than two (2)

Appears in 3 contracts

Samples: Trust Agreement (Invesco Management Trust), Trust Agreement (Invesco Management Trust), Trust Agreement (Invesco Securities Trust)

Vacancies and Appointment of Trustees. In case of the declination to serve, death, resignation, retirement or removal of a Trustee, or a Trustee is otherwise unable to serve, or an increase in the number of Trustees, a vacancy shall occur. Whenever a vacancy in the Board of Trustees shall occur, until such vacancy is filled, the other Trustees shall have all the powers hereunder and the certification determination of the other Trustees of such vacancy shall be conclusive. In the case of an existing vacancy, the remaining Trustees may fill such vacancy by appointing such other person as they in their discretion shall see fit, or may leave such vacancy unfilled or may reduce the number of Trustees to not less than two three (23)

Appears in 2 contracts

Samples: Trust Agreement (Bancroft Fund LTD), Trust Agreement (Ellsworth Fund LTD)

Vacancies and Appointment of Trustees. In case of the declination to serve, death, resignation, retirement or removal of a Trustee, or a Trustee is otherwise unable to serve, or an increase in the number of Trustees, a vacancy shall occur. Whenever a vacancy in the Board of Trustees shall occur, until such vacancy is filled, the other Trustees shall have all the powers hereunder and the certification of the other Trustees of such vacancy shall be conclusive. In the case of an existing vacancy, the remaining Trustees may fill such vacancy by appointing such other person as they in their discretion shall see fit, or may leave such vacancy unfilled or may reduce the number of Trustees to not less than two (2)reduce

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Aim Equity Funds Inc)