Qualified Directors definition
Examples of Qualified Directors in a sentence
In addition, all material amendments to this Agreement must be approved by vote of the Fund's Board of Directors, and by a vote of a majority of the Qualified Directors, cast in person at a meeting called for the purpose of voting on the approval.
This Agreement is terminable with respect to the Common Shares or the Advisor Shares without penalty (a) on sixty (60) days' written notice, by a vote of a majority of the Fund's Qualified Directors or by vote of a majority (as defined in the ▇▇▇▇ ▇▇▇) of the outstanding Common Shares or Advisor Shares, as applicable, or (b) on ninety (90) days' written notice by Counsellors Securities.
In addition, this Agreement may at any time be terminated without penalty by the Distributor, by a vote of a majority of Qualified Directors or by vote of a majority of the outstanding voting securities of the Fund upon not less than sixty days prior written notice to the other party.
The Plans or the provisions of this Agreement relating to such Plans may be terminated at any time by the vote of a majority of the Plan Funds' Boards of Directors, including Qualified Directors, or by a vote of a majority of the outstanding shares of the Plan Funds, on sixty (60) days' written notice, without payment of any penalty.
The Plans and provisions of any agreement relating to such Plans must be approved annually by a vote of the Plan Funds' Directors, including such persons who are not interested persons of the Plan Funds and who have no financial interest in the Plans or any related agreement ("Qualified Directors").
All material amendments to this Plan must in any event be approved by a vote of a majority of the Board, and of the Qualified Directors, cast in person at a meeting called for such purpose.
In addition, this Agreement may at any time be terminated without penalty by The Distributor, by a vote of a majority of Qualified Directors or by vote of a majority of the outstanding voting securities of the Fund upon not less than sixty days prior written notice to the other party.
This Plan may be terminated at any time without penalty with respect to the Class by vote of a majority of the Qualified Directors or by vote of the majority of the outstanding voting securities of the Class.
This Plan shall continue in effect indefinitely, provided that such continuance is approved at least annually by a vote of a majority of the Directors, and of the Qualified Directors, cast in person at a meeting called for such purpose.
In addition, all material amendments to this Agreement must be approved by a vote of the Corporation's Board of Directors, and by a vote of a majority of the Qualified Directors, cast in person at a meeting called for the purpose of voting on the approval.