Common use of Control by Board of Directors Clause in Contracts

Control by Board of Directors. Any distribution activities undertaken by Alex. Xxxxx pursuant to this Agreement, as well as any other activities undertaken by Alex. Xxxxx on behalf of the Fund pursuant hereto, shall at all times be subject to any directives of the Board of Directors of the Fund. The Board of Directors may agree, on behalf of the Fund, to amendments to this Agreement, provided that the Fund must obtain prior approval of the shareholders of the Fund to any amendment which would result in a material increase in the amount expended by the Fund.

Appears in 8 contracts

Samples: Distribution Agreement (Flag Investors Equity Partners Fund Inc), Distribution Agreement (Flag Investors Telephone Income Fund Inc), Distribution Agreement (Flag Investors Emerging Growth Fund Inc)

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Control by Board of Directors. Any distribution activities undertaken by Alex. Xxxxx pursuant to this Agreement, as well as any other activities undertaken by Alex. Xxxxx on behalf of the Fund pursuant hereto, shall at all times be subject to any directives of the Board of Directors of the Fund. The Board of Directors may agree, on behalf of the Fund, to amendments to this Agreement, provided that the Fund must obtain prior approval of the shareholders of the Fund to any amendment which would result in a material increase in the amount expended by the Fund.

Appears in 7 contracts

Samples: Agreement (Flag Investors Real Estate Securities Fund Inc), Distribution Agreement (Flag Investors Emerging Growth Fund Inc), Distribution Agreement (Flag Investors Maryland Intermediate Tax Free Fund Inc/)

Control by Board of Directors. Any distribution activities undertaken by Alex. Xxxxx pursuant to this Agreement, as well as any other activities undertaken by Alex. Xxxxx on behalf of the Fund pursuant hereto, shall at all times be subject to any directives of the Board of Directors of the Fund. The Board of Directors may agree, on behalf of the Fund, to amendments to this Agreement, provided that the Fund must obtain prior approval of the shareholders of the Fund to any such amendment which that would result in provide for a material increase in the amount expended by the FundFund must be approved by the shareholders of the Fund before becoming effective.

Appears in 2 contracts

Samples: Distribution Agreement (Managed Municipal Fund Inc), Distribution Agreement (Flag Investors Telephone Income Fund Inc)

Control by Board of Directors. Any distribution activities undertaken by Alex. Xxxxx pursuant to this Agreement, as well as any other activities undertaken by Alex. Xxxxx on behalf of the Fund pursuant heretothereto, shall at all times be subject to any directives of the Board of Directors of the Fund. The Board of Directors may agree, agree on behalf of the Fund, to amendments to this the Agreement, provided that the Fund must obtain prior approval of the shareholders of the Fund to any such amendment which that would result in provide for a material increase in the amount expended by the Fund, must be approved by Fund Shareholders before becoming effective.

Appears in 1 contract

Samples: Total Return U S Treasury Fund Inc

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Control by Board of Directors. Any distribution activities undertaken by Alex. Xxxxx pursuant to this Agreement, as well as any other activities undertaken by Alex. Xxxxx on behalf of the Fund pursuant hereto, shall at all times be subject to any directives of the Board of Directors of the Fund. The Board of Directors may agree, on behalf of the Fund, to amendments to this Agreement, provided that the Fund must obtain the prior approval of the shareholders of the Fund to any such amendment which would result in a material increase in the amount expended by the Fund.

Appears in 1 contract

Samples: Distribution Agreement (Flag Investors Telephone Income Fund Inc)

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