Common use of Action by the Trustees Clause in Contracts

Action by the Trustees. The Trustees shall act by majority vote at a meeting duly called or by written consent of a majority of the Trustees without a meeting or by telephone meeting provided a quorum of Trustees participate in any such telephone meeting, unless the 1940 Act requires that a particular action be taken only at a meeting at which the Trustees are present in person. At any meeting of the Trustees, three (3) of the Trustees shall constitute a quorum. Meetings of the Trustees may be called orally or in writing by the Chairman or by any two (2) other Trustees. Notice of the time, date and place of all meetings of the Trustees shall be given by the party calling the meeting to each Trustee by telephone, telefax, or telegram sent to his home or business address at least twenty-four (24) hours in advance of the meeting or by written notice mailed to his home or business address at least seventy-two (72) hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who executes a written waiver of notice with respect to the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the By-Laws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any one or more of their number their authority to approve particular matters or take particular actions on behalf of the Trust. Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a written consent or waiver and delivery thereof to the Trust may be accomplished by telefax.

Action by the Trustees. The Trustees shall act by majority vote at a meeting duly called or by written consent of (including at a majority of the Trustees without a meeting or by telephone meeting provided a quorum of Trustees participate in any such telephone telephonic meeting, unless the 1940 Act requires that a particular action be taken only at a meeting of Trustees in person) at which the a quorum is present or by written consent of a majority of Trustees are present in person(or such greater number as may be required by applicable law) without a meeting. At any meeting of the Trustees, three (3) A majority of the Trustees shall constitute a quorumquorum at any meeting. Meetings of the Trustees may be called orally or in writing by the Chairman of the Trustees or by any two (2) other Trustees. Notice of the time, date date, and place of all Trustees meetings of the Trustees shall be given by the party calling the meeting to each Trustee by telephone, telefaxfacsimile, or telegram other electronic mechanism sent to his home or business address at least twenty-four (24) hours in advance of the meeting or by written notice mailed to his home or business address at least seventy-two (72) hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who executes signs a written waiver of notice with respect to either before or after the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the By-Laws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any one Trustee or more of their number their Trustees authority to approve particular matters or take particular actions on behalf of the Trust. Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a Any written consent or waiver may be provided and delivery thereof delivered to the Trust may be accomplished by telefaxfacsimile or other similar electronic mechanism.

Action by the Trustees. The Trustees shall act by majority vote at a meeting duly called or by written consent of (including at a majority of the Trustees without a meeting or by telephone meeting provided a quorum of Trustees participate in any such telephone telephonic meeting, unless the 1940 Act requires that a particular action be taken only at a meeting at which the Trustees are present in person) at which a quorum is present or by written consent of a majority of the Trustees (or such greater number as may be required by applicable law) without a meeting. At any meeting of the Trustees, three (3) a majority of the Trustees shall constitute a quorum. Meetings of the Trustees may be called orally or in writing by the Chairman (as defined below) or by any two (2) other Trustees. Notice of the time, date and place of all meetings of the Trustees shall be given by the party calling the meeting to each Trustee by telephone, telefax, facsimile or telegram other electronic mechanism sent to his home or business address at least twenty-four (24) hours in advance of the meeting or by written notice mailed to his home or business address at least seventy-two (72) hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who executes a written waiver of notice with respect to the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the By-Laws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any one or more of their number their authority to approve particular matters or take particular actions on behalf of the Trust. Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a written consent or waiver and delivery thereof to the Trust may be accomplished by telefaxfacsimile or other similar electronic mechanism. Written consents must be filed with the records of the meetings of the Trustees. Any committee of the Trustees, including an executive committee, if any, may act with or without a meeting. A quorum for all meetings of any such committee shall be one-third of the members thereof. Unless provided otherwise in this Trust Instrument, any action of any such committee may be taken at a meeting by vote of a majority of the members present (a quorum being present) or without a meeting by written consent of all of the members. With respect to actions of the Trustees and any committee of the Trustees, Trustees who are Interested Persons in any action to be taken may be counted for quorum purposes under this Section and shall be entitled to vote to the extent not prohibited by the 1940 Act. For any committee of the Trustees composed of one Trustee, a quorum shall be one.

Action by the Trustees. The In any action taken by the Trustees hereunder, unless otherwise specified, the Trustees shall act by majority vote at a meeting duly called or by unanimous written consent of a majority of the Trustees without a meeting or by telephone meeting provided a quorum of Trustees participate in any such telephone meeting, unless the 1940 Act requires that a particular action be taken only at a meeting at which the Trustees are present in person. At any meeting of the Trustees, three (3) a majority of the Trustees shall constitute a quorum. Meetings of the Trustees may be called orally or in writing by the Chairman of the Board of Trustees or by any two (2) other Trustees. Notice of the time, date and place of all meetings of the Trustees shall be given by the party person calling the meeting to each Trustee by telephone, telefax, facsimile or telegram other electronic mechanism sent to his home or business address at least twenty-four (24) hours in advance of the meeting or by written notice mailed to his home or business address at least seventy-two (72) hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who executes a written waiver of notice with respect to the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the By-Laws Bylaws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any one or more of their number their authority to approve particular matters or take particular actions on behalf of the Trust. Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a written consent or waiver and delivery thereof to the Trust may be accomplished by telefaxfacsimile or other similar electronic mechanism.

Action by the Trustees. The In any action taken by the Trustees hereunder, unless otherwise specified, the Trustees shall act by majority vote at a meeting duly called or at which a quorum is present, by written consent of without a meeting signed by a majority of the Trustees without a meeting Trustees, or by telephone telephonic meeting provided a quorum of Trustees participate in any such telephone meeting, unless the 1940 Act requires that a particular action be taken only at a meeting at which the Trustees are present in person. At any meeting of the Trustees, three (3) a majority of the Trustees shall constitute a quorum. Meetings of the Trustees may be called orally or in writing by the Chairman of the Board of Trustees or by any two (2) other Trustees. Notice of the time, date and place of all meetings of the Trustees shall be given by the party person calling the meeting to each Trustee by telephone, telefax, facsimile or telegram other electronic mechanism sent to his home or business address at least twenty-four (24) hours in advance of the meeting or by written notice mailed to his home or business address at least seventy-two (72) hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who executes a written waiver of notice with respect to the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the By-Laws Bylaws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any one or more of their number their authority to approve particular matters or take particular actions on behalf of the Trust. Written consents or waivers of the Trustees may be executed in 8 86 one or more counterparts. Execution of a written consent or waiver and delivery thereof to the Trust may be accomplished by telefax.facsimile or other similar electronic mechanism. SECTION 4.05

Action by the Trustees. The Trustees shall act by majority vote at a meeting duly called or by written consent of a majority of the Trustees without a meeting or by telephone meeting provided a quorum of Trustees participate in any such telephone meeting, unless the 1940 Act requires that a particular action be taken only at a meeting at which the Trustees are present in person. At any meeting of the Trustees, three (3) one-third of the total number of Trustees then in office (but not less than two Trustees) shall constitute a quorum. Meetings of the Trustees may be called orally or in writing by the Chairman or by any two (2) other Trustees. Notice of the time, date and place of all meetings of the Trustees shall be given by the party calling the meeting to each Trustee by telephone, telefax, or telegram sent to his home or business address at least twenty-four (24) hours in advance of the meeting or by written notice mailed to his home or business address at least seventy-two (72) hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who executes a written waiver of notice with respect to the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the By-Laws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any one or more of their number their authority to approve particular matters or take particular actions on behalf of the Trust. Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a written consent or waiver and delivery thereof to the Trust may be accomplished by telefax.

Action by the Trustees. The Trustees shall act by majority vote at a meeting duly called or by written consent of a majority of the Trustees without a meeting or by telephone meeting provided a quorum of Trustees participate in any such telephone meetingor, unless the 1940 Act requires that a particular action be taken only at a meeting at which the Trustees are present in person, by written consent of Trustees having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all Trustees entitled to vote thereon were present and voted, or by telephone meeting or a meeting held by other means of remote communication. At any meeting of the Trustees, three one-third (31/3) of the Trustees then in office shall constitute a quorum. Meetings Regular meetings of the Trustees may be held at such times and places as the Trustees may from time to time determine, and if so determined, notices thereof need not be given. Special meetings of the Trustees may be called orally or in writing by the Chairman President or by any two (2) other a majority of the Trustees. Notice of the time, date and place of all meetings of the Trustees shall be given by the party calling the meeting to each Trustee by telephone, telefax, or telegram sent to his home or business address at least twenty-four (24) hours in advance of the meeting meetings by telephone, mail, Electronic Transmission or as otherwise provided in the By-laws or permitted by written notice mailed to his home or business address at least seventy-two (72) hours in advance of the meetingapplicable law. Notice need not be given to any Trustee who attends the a meeting without objecting to the lack of notice or who executes a written waiver of notice with respect to the meeting. Any meeting conducted by telephone shall be deemed to take place at , whether before or after the principal office of the Trust, as determined by the By-Laws or by the Trusteesmeeting. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any one or more of their number their authority to approve particular matters or take particular actions on behalf of the Trust. Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a written consent or waiver and delivery thereof to the Trust may be accomplished by telefaxElectronic Transmission.

Action by the Trustees. The Trustees shall act by majority vote ------------ ---------------------- at a meeting duly called or by written consent of a majority of the Trustees without a meeting or by telephone meeting provided a quorum of Trustees participate in any such telephone meeting, unless the 1940 Act requires that a particular action be taken only at a meeting at which the Trustees are present in person. At any meeting of the Trustees, three (3) of the Trustees shall constitute a quorum. Meetings of the Trustees may be called orally or in writing by the Chairman or by any two (2) other Trustees. Notice of the time, date and place of all meetings of the Trustees shall be given by the party calling the meeting to each Trustee by telephone, telefax, or telegram sent to his home or business address at least twenty-four (24) hours in advance of the meeting or by written notice mailed to his home or business address at least seventy-two (72) hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who executes a written waiver of notice with respect to the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the By-Laws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any one or more of their number their authority to approve particular matters or take particular actions on behalf of the Trust. Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a written consent or waiver and delivery thereof to the Trust may be accomplished by telefax.

Action by the Trustees. The In any action taken by the Trustees hereunder, unless otherwise specified herein or under the 1940 Act, the Trustees shall act by majority vote at a meeting duly called or by unanimous written consent of a majority of the Trustees without a meeting or by telephone meeting provided a quorum of Trustees participate in any such telephone meeting, unless the 1940 Act requires that a particular action be taken only at a meeting at which the Trustees are present in person. At any meeting of the Trustees, three (3) a majority of the Trustees shall constitute a quorum. Meetings of the Trustees may be called orally or in writing by the Chairman of the Board of Trustees or by any two (2) other Trustees. Notice of the time, date and place of all meetings of the Trustees shall be given by the party person calling the meeting to each Trustee by telephone, telefax, facsimile or telegram other electronic mechanism sent to his home or business address at least twenty-four (24) hours in advance of the meeting or by written notice mailed to his home or business address at least seventy-two (72) hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who executes a written waiver of notice with respect to the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the By-Laws Bylaws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any one or more of their number their authority to approve particular matters or take particular actions on behalf of the Trust. Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a written consent or waiver and delivery thereof to the Trust may be accomplished by telefaxfacsimile or other similar electronic mechanism.

Action by the Trustees. The Trustees shall act by majority vote at a meeting duly called or by written consent of (including at a majority of the Trustees without a meeting or by telephone meeting provided a quorum of Trustees participate in any such telephone telephonic meeting, unless the 1940 Act requires that a particular action be taken only at a meeting of the Trustees in person) at which the a quorum is present or by written consent of a majority of Trustees are present in person(or such greater number as may be required by applicable law) without a meeting. At any meeting of the Trustees, three (3) A majority of the Trustees shall constitute a quorumquorum at any meeting. Meetings of the Trustees may be called orally or in writing by the Chairman of the Trustees or by any two (2) other Trustees. Notice of the time, date and place of all Trustees meetings of the Trustees shall be given by the party calling the meeting to each Trustee by telephone, telefax, facsimile or telegram other electronic mechanism sent to his home or business address at least twenty-four (24) hours in advance of the meeting or by written notice mailed to his home or business address at least seventy-two (72) hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who executes signs a written waiver of notice with respect to either before or after the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the By-Laws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any one Trustee or more of their number their Trustees authority to approve particular matters or take particular actions on behalf of the Trust. Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a Any written consent or waiver may be provided and delivery thereof delivered to the Trust may be accomplished by telefaxfacsimile or other similar electronic mechanism.

Action by the Trustees. The Trustees shall act by majority vote at a meeting duly called or by written consent of (including at a majority of the Trustees without a telephonic meeting or by telephone meeting provided a quorum of Trustees participate in any such telephone meetingat which all participants can hear one another, unless the 1940 Act requires that a particular action be taken only at a meeting of the Trustees in person) at which the a quorum is present or by written consent of a majority of Trustees are present in person(or such greater number as may be required by applicable law) without a meeting. At any meeting of the Trustees, three (3) One-third of the Trustees shall constitute a quorumquorum at any meeting. Meetings of the Trustees may be called orally or in writing by the Chairman of the Trustees or by any two (2) other Trustees. Notice of the time, date and place of all Trustees meetings of the Trustees shall be given by the party calling the meeting to each Trustee by telephone, telefax, facsimile or telegram other electronic mechanism sent to his home or business address at least twenty-four (24) hours in advance of the meeting or by written notice mailed to his home or business address at least seventy-two (72) hours in advance of the meeting, unless, in case of exigency, the Chairman of the Trustees, the President or the Secretary shall prescribe any shorter notice period with the notice to be given personally by telephone, facsimile or other electronic mechanism to all of the Trustees at their respective residences or places of business. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who executes signs a written waiver of notice with respect to either before, at or after the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the By-Laws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any one Trustee or more of their number their Trustees authority to approve particular matters or take particular actions on behalf of the Trust. Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a Any written consent or waiver may be provided and delivery thereof delivered to the Trust may be accomplished by telefaxfacsimile or other similar electronic mechanism.

Action by the Trustees. Section 4.04 The Trustees shall act by majority vote at a meeting duly called or by unanimous written consent of a majority of the Trustees without a meeting or by telephone meeting provided a quorum of Trustees participate in any such telephone meeting, unless the 1940 Act requires that a particular action be taken only at a meeting at which the Trustees are present in person. At any meeting of the Trustees, three (3) a majority of the Trustees shall constitute a quorum. Meetings of the Trustees may be called orally or in writing by the Chairman of the Board of Trustees or by any two (2) other Trustees. Notice of the time, date and place of all meetings of the Trustees shall be given by the party calling the meeting to each Trustee by telephone, telefax, or telegram sent to his home or business address at least twenty-four (24) hours in advance of the meeting or by written notice mailed to his home or business address at least seventy-two (72) hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who executes a written waiver of notice with respect to the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the By-Laws Bylaws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any one or more of their number their authority to approve particular matters or take particular actions on behalf of the Trust. Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a written consent or waiver and delivery thereof to the Trust may be accomplished by telefax.

Action by the Trustees. The In any action taken by the Trustees hereunder, unless otherwise specified herein or under the 1940 Act, the Trustees shall act by majority vote at a meeting duly called or by unanimous written consent of a majority of the Trustees without a meeting or by telephone meeting provided a quorum of Trustees participate in any such telephone meeting, unless the 1940 Act requires that a particular action be taken only at a meeting at which the Trustees are present in person. At any meeting of the Trustees, three (3) one-third of the Trustees shall constitute a quorum; provided that the Trustees may increase the number if Trustees constituting a quorum. Meetings of the Trustees may be called orally or in writing by the Chairman or of the Board of Trustees, by any two (2) other TrusteesTrustees or by the Chairman, President, any Vice-President or Secretary of the Trust. Notice of the time, date and place of all meetings of the Trustees shall be given by the party person calling the meeting to each Trustee by telephone, telefax, facsimile or telegram other electronic mechanism sent to his home or business address at least twenty-four (24) hours in advance of the meeting or by written notice mailed to his home or business address at least seventy-two (72) hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who executes a written waiver of notice with respect to the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the By-Laws Bylaws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any one or more of their number their authority to approve particular matters or take particular actions on behalf of the Trust. Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a written consent or waiver and delivery thereof to the Trust may be accomplished by telefaxfacsimile or other similar electronic mechanism.

Action by the Trustees. The Trustees shall act by majority vote at a meeting duly called called, or by unanimous written consent of a majority of the Trustees without a meeting meeting, or by telephone meeting provided a quorum of Trustees participate in any such telephone meeting, unless the 1940 Act requires that a particular action be taken only at a meeting at which the Trustees are present in person. At any meeting of the Trustees, three (3) a majority of the Trustees shall constitute a quorum. Meetings of the Trustees may be called orally or in writing by the Chairman of the Board of Trustees or by any two (2) other Trustees. Notice of the time, date and place of all meetings of the Trustees shall be given by the party calling the meeting meeting, or the Secretary of the Trust to each Trustee by telephone, telefax, facsimile or telegram other electronic mechanism sent to his home or business address at least twenty-four (24) hours in advance of the meeting or by written notice mailed to his home or business address at least seventy-two (72) hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who executes a written waiver of notice with respect to the meeting. Any meeting conducted by telephone shall be deemed to take place at the principal office of the Trust, as determined by the By-Laws Bylaws or by the Trustees. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any one or more of their number their authority to approve particular matters or take particular actions on behalf of the Trust. Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a written consent or waiver and delivery thereof to the Trust may be accomplished by telefaxfacsimile or other similar electronic mechanism.

Action by the Trustees. The Trustees shall act by majority vote at a meeting duly called (including any meeting held by means of conference telephone, internet connection or similar communication equipment by written consent means of a majority of the Trustees without a meeting or by telephone meeting provided a quorum of Trustees participate in any such telephone meetingwhich all participants can hear one another, unless the 1940 Act requires that a particular action be taken only at a meeting of the Trustees in person) at which the a quorum is present or by written consent of a majority of Trustees are present in person(or such greater number as may be required by applicable law) without a meeting. At any meeting of the Trustees, three (3) A majority of the Trustees shall constitute a quorumquorum at any meeting. Meetings of the Trustees may be called orally or in writing by the Chairman of the Trustees, any two other Trustees, the President or Secretary. Regular meetings of the Trustees may be held without call or notice at a time and place fixed by the Bylaws or by any two (2) other resolution of the Trustees. Notice of the time, date and place of all other meetings of the Trustees shall be given by the party calling the meeting to each Trustee by telephone, telefax, facsimile or telegram other electronic mechanism sent to his home or business address at least twenty-four (24) hours in advance of the meeting or by written notice mailed to his home or business address at least seventy-two (72) hours in advance of the meeting. Notice need not be given to any Trustee who attends the meeting without objecting to the lack of notice or who executes signs a written waiver of notice with respect to either before, at or after the meeting. Any meeting conducted by telephone shall be deemed to take place at Notice or waiver of notice need not state the principal office purpose or purposes of the Trust, as determined by the By-Laws or by the Trusteesmeeting. Subject to the requirements of the 1940 Act, the Trustees by majority vote may delegate to any one Trustee or more of their number their Trustees authority to approve particular matters or take particular actions on behalf of the Trust. Written consents or waivers of the Trustees may be executed in one or more counterparts. Execution of a Any written consent or waiver may be provided and delivery thereof delivered to the Trust may be accomplished by telefaxfacsimile or other similar electronic mechanism.