Action by the. Trust under paragraph (a) above may be taken either (i) by vote of a majority of the Trustees, or (ii) by the affirmative vote of a majority of the outstanding shares of the Fund. Termination of this Agreement pursuant to this Section 5 shall be without the payment of any penalty.
Appears in 2 contracts
Sources: Subadviser Agreement (Preferred Group of Mutual Funds), Subadviser Agreement (Preferred Group of Mutual Funds)