Common use of Delegation of Power to Other Trustees Clause in Contracts

Delegation of Power to Other Trustees. Any Trustee may, by power of attorney, delegate his or her power for a period not exceeding one (1) month at any one time to any other Trustee. Except where applicable law may require a Trustee to be present in person, a Trustee represented by another Trustee, pursuant to such power of attorney, shall be deemed to be present for purpose of establishing a quorum and satisfying the required majority vote.

Appears in 30 contracts

Samples: Evergreen Global Dividend Opportunity Fund, Metropolitan Series Fund Inc, Metropolitan Series Fund

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Delegation of Power to Other Trustees. Any Trustee may, by power of attorney, delegate his or her power for a period not exceeding one (1) month six months at any one time to any other Trustee. Except where applicable law may require a Trustee or Trustees; provided that in no case shall fewer than two Trustees personally exercise the powers granted to be present in person, a Trustee represented by another Trustee, pursuant to such power the Trustees under this Declaration of attorney, shall be deemed to be present for purpose of establishing a quorum and satisfying the required majority voteTrust except as otherwise expressly provided herein.

Appears in 8 contracts

Samples: Empyreal Investment Trust (Empyreal Investment Trust), Ultimus Managers Trust (Ultimus Managers Trust), Papp Investment Trust (Papp Investment Trust)

Delegation of Power to Other Trustees. Any Trustee may, by power of attorney, delegate his or her power for a period not exceeding one six (16) month months at any one time to any other Trustee. Except where applicable law may require a Trustee or Trustees; provided that in no case shall fewer than two (2) Trustees personally exercise the powers granted to be present in person, a Trustee represented by another Trustee, pursuant to such power of attorney, shall be deemed to be present for purpose of establishing a quorum and satisfying the required majority voteTrustees under this Declaration except as herein otherwise expressly provided.

Appears in 3 contracts

Samples: Agreement and Declaration (John Hancock Multi Asset Credit Fund), Form of Agreement (Manulife Private Credit Plus Fund), Agreement and Declaration (John Hancock Asset-Based Lending Fund)

Delegation of Power to Other Trustees. Any Trustee may, by power of attorney, delegate his or her power for a period not exceeding one six (16) month months at any one time to any other Trustee. Except where applicable law may require a Trustee or Trustees; provided that in no case shall less than two (2) Trustees personally exercise the powers granted to be present in person, a Trustee represented by another Trustee, pursuant to such power of attorney, shall be deemed to be present for purpose of establishing a quorum and satisfying the required majority voteTrustees under the Amended Declaration except as herein motherwise expressly provided.

Appears in 1 contract

Samples: Gartmore Variable Insurance Trust

Delegation of Power to Other Trustees. Any Trustee may, by power of attorney, delegate his or her power for a period not exceeding one six (16) month months at any one time to any other Trustee. Except where applicable law may require a Trustee or Trustees; provided that in no case shall fewer than two (2) Trustees personally exercise the powers granted to be present in personthe Trustees under this Declaration, a Trustee represented by another Trustee, pursuant to such power of attorney, shall be deemed to be present for purpose of establishing a quorum and satisfying the required majority voteexcept as herein otherwise expressly provided.

Appears in 1 contract

Samples: John Hancock Diversified Income Fund

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Delegation of Power to Other Trustees. Any Trustee may, by power of attorney, delegate his or her power for a period not exceeding one (1) month six months at any one time to any other Trustee. Except where applicable law may require a Trustee or Trustees; provided that in no case shall less than two Trustees personally exercise the power granted to be present in person, a Trustee represented by another Trustee, pursuant to such power of attorney, shall be deemed to be present for purpose of establishing a quorum and satisfying the required majority voteTrustees under the Declaration except as herein otherwise expressly provided.

Appears in 1 contract

Samples: Agreement and Declaration (Premier Vit)

Delegation of Power to Other Trustees. Any Trustee may, by power of attorney, delegate his or her power for a period not exceeding one (1) month six months at any one time to any other Trustee. Except where applicable law may require a Trustee or Trustees; provided that in no case shall less than two Trustees personally exercise the powers granted to be present in person, a Trustee represented by another Trustee, pursuant to such power of attorney, shall be deemed to be present for purpose of establishing a quorum and satisfying the required majority voteTrustees under the Declaration except as herein otherwise expressly provided.

Appears in 1 contract

Samples: MFS Sun Life Series Trust

Delegation of Power to Other Trustees. Any Trustee may, by power of attorney, delegate his or her power for a period not exceeding one (1) month at any one time to any other Trustee. Except where applicable law may require a Trustee to be present in person, a Trustee represented by another Trustee, pursuant to such power of attorney, shall be deemed to be present for purpose purposes of establishing a quorum and satisfying the required majority vote.

Appears in 1 contract

Samples: Investment Sub Advisory Agreement (Forward Funds)

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