Common use of Independent, Otherwise Unaffiliated Directors Clause in Contracts

Independent, Otherwise Unaffiliated Directors. Customer hereby advises DST that the agreement now being negotiated by and between the Trusts and DST whereby DST is appointed as the transfer agent for the Trusts and this Cash Utilization Investment Service will be, approved by a majority of the directors or trustees of each Trust, including a majority of those directors or trustees who are not officers or employees or, except with respect to their serving as a member of the board of directors or trustees are not otherwise affiliated with the Trust or the Trust’s affiliates, that is, are not “interested persons” of the Trust or its affiliates, as that term is defined in the 0000 Xxx.

Independent, Otherwise Unaffiliated Directors. Customer hereby advises DST that the agreement now being negotiated by and between the Trusts Financial Products and DST whereby DST is appointed as the transfer agent for the Trusts Financial Products and this Cash Utilization Investment Service will be, approved by a majority of the directors or trustees of each TrustFinancial Product, including a majority of those directors or trustees who are not officers or employees or, except with respect to their serving as a member of the board of directors or trustees are not otherwise affiliated with the Trust Financial Product or the TrustFinancial Product’s affiliates, that is, are not “interested persons” of the Trust Financial Product or its affiliates, as that term is defined in the 0000 1000 Xxx.

Independent, Otherwise Unaffiliated Directors. Customer hereby advises DST that the agreement now being negotiated by and between the Trusts and DST whereby DST is appointed as the transfer agent for the Trusts and this Cash Utilization Investment Service will be, approved by a majority of the directors or trustees of each Trust, including a majority of those directors or trustees who are not officers or employees or, except with respect to their serving as a member of the board of directors or trustees are not otherwise affiliated with the Trust or the Trust’s affiliates, that is, are not “interested persons” of the Trust or its affiliates, as that term is defined in the 0000 Xxx1940 Act.

Independent, Otherwise Unaffiliated Directors. Customer hereby advises DST that the agreement now being negotiated by and between the Trusts Funds and DST whereby DST is appointed as the transfer agent for the Trusts Funds and this Cash Utilization Investment Service will be, approved by a majority of the directors or trustees of each TrustFund, including a majority of those directors or trustees who are not officers or employees or, except with respect to their serving as a member of the board of directors or trustees are not otherwise affiliated with the Trust Fund or the TrustFund’s affiliates, that is, are not “interested persons” of the Trust Fund or its affiliates, as that term is defined in the 0000 Xxx.