Common use of Compliance Section Clause in Contracts

Compliance Section. 15(f). The Acquiring Trust agrees that, for the minimum time periods specified in Section 15(f) of the 1940 Act it shall take (or refrain from taking, as the case may be) such actions as are necessary to ensure that: (i) at least seventy-five percent (75%) of the trustees of the Acquiring Fund shall not be "interested persons" (as that term is defined in the ▇▇▇▇ ▇▇▇) of the Acquiring Fund's investment adviser or the Acquired Fund's investment adviser; (ii) no "unfair burden" (as that term is defined in Section 15(f)(2)(B) of the ▇▇▇▇ ▇▇▇) shall be imposed on the Acquiring Fund; and (iii) each vacancy among the trustees of the Acquiring Fund which must be filled by a person who is an interested person neither of the Acquiring Fund's investment adviser nor of the Acquired Fund's investment adviser so as to comply with Section 15(f) of the 1940 Act, as if such Section were applicable, shall be filled in the manner specified by Section 16(b)