Independent Trustees Sample Clauses

Independent Trustees. After completion of the Trust's initial public offering of Shares, a majority of the Trustees holding office shall at all times be Trustees who are not "interested persons" of the Trust (as defined in the Investment Company Act of 1940, as amended), except for the fact of their being Trustees; and, provided, however, that less than a majority of the Trustees may be such independent Trustees on a temporary basis by reason of the death, resignation, removal or other vacancy in the office of one or more Trustees.
Independent Trustees. In accordance with Section 3801(h) of the Delaware Act, a Trustee is an independent Trustee if the Trustee is not an Interested Person of the Trust; provided that the receipt of compensation for service as an independent Trustee of the Trust and also for service as an independent Trustee of one or more other investment companies managed by a single investment adviser (or an affiliated person, as defined in Section 2(a)(3) of the 1940 Act, of such investment adviser) shall not affect the status of the Trustee as an independent Trustee under the Delaware Act. An independent Trustee shall be deemed to be independent and disinterested for all purposes.
Independent Trustees. Compensation and expenses of the Trustees who are not “interested persons” (as defined in the 1940 Act) of the Trust (the “Independent Trustees”) and fees and expenses of counsel to the Independent Trustees;
Independent Trustees. Independent Trustees" shall mean the Trustees who (i) are not affiliated, directly or indirectly, with the Advisor, a Sponsor or their Affiliates, whether by ownership of, ownership interest in, employment by, any material business or professional relationship with, or service as an officer or director of the Advisor, a Sponsor or their Affiliates, (ii) do not serve as a director or trustee for more than three other REITs organized by a Sponsor, or advised by the Advisor and (iii) perform no other services for the Trust except as trustees. For this purpose, an indirect relationship shall include circumstances in which a member of the immediate family of a Trustee has one of the foregoing relationships with the Advisor, a Sponsor or the Trust.
Independent Trustees. Aggregate Dollar Name, Address,1 Age, Range of Shares Position(s) Held with Principal Occupation(s) During Past 5 Years / Other Dollar Range of Owned in any of Fund and Length of Time Trusteeships Held by Trustee / Number of Portfolios Shares Owned in the Board III Served2 in Fund Complex Overseen by Trustee the Fund Funds -------------------------- ------------------------------------------------------ ----------------- ------------------- -------------------------- ------------------------------------------------------ ----------------- ------------------- Thomas W. Courtney, Principal of Courtney Associates, Inc. (venture $0 $10,001 - $50,000 Chairman of the Board of capital firm); former General Partner of Trivest Trustees, Trustee since Venture Fund (private venture capital fund); former April, 1987 President of Investment Counseling Federated Age: 68 Investors, Inc.; Trustee of Cash Assets Trust, a money market fund; Director of OCC Cash Reserves, Inc., and Trustee of OCC Accumulation Trust, both of which are open-end investment companies; Trustee of Hawaiian Tax-Free Trust and Tax Free Trust of Arizona, tax-exempt bond funds; former Director of Financial Analysts Federation. Director/trustee of 10 investment companies in the OppenheimerFunds complex. -------------------------- ------------------------------------------------------ ----------------- ------------------- -------------------------- ------------------------------------------------------ ----------------- ------------------- Paul Y. Clinton, Principal of Clinton Management Associates, a $10,000 -$50,000 Over $100,000 Trustee, since April, financial and venture capital consulting firm; 1987 Trustee of Capital Cash Management Trust, a Age: 70. money-market fund and Narragansett Tax-Free Fund, a tax-exempt bond fund; Director of OCC Cash Reserves, Inc. and Trustee of OCC Accumulation Trust, both of which are open-end investment companies. Formerly: Director, External Affairs, Kravco Corporation, a national real estate owner and property management corporation; President of Essex Management Corporation, a management consulting company; a general partner of Capital Growth Fund, a venture capital partnership; a general partner of Essex Limited Partnership, an investment partnership; President of Geneve Corp., a venture capital fund; Chairman of Woodland Capital Corp., a small business investment company; and Vice President of W.R. Grace & Co. Director/trustee of 10 investment companies in the O...
Independent Trustees. From the Effective Time, as defined in the Agreement and Plan of Merger among Wanger Asset Management, Ltd., Wanger Asset Management, L.P., Liberty Financial Companies, Inc. and WAM Acquisition L.P. dated as of June 9, 2000, through and including the third anniversary of the Effective Time, the Trust may not at any time have a board more than 25% of the members of which are persons who are "interested persons" of the Trust's investment adviser or of Wanger Asset Management, L.P., as the term "interested persons" is defined by the Investment Company Act of 1940. [added 9/20/00]
Independent Trustees. Name, Address,2 Age, Aggregate Dollar Position(s) Held with Principal Occupation(s) During Past 5 Years / Other Dollar Range of Range of Shares Fund and Length of Time Trusteeships Held by Trustee / Number of Portfolios Shares Owned in Owned in any of Served3 in Fund Complex Overseen by Trustee the Fund the Board I Funds -------------------------- ------------------------------------------------------ ----------------- ------------------ -------------------------- ------------------------------------------------------ ----------------- ------------------ Leon Levy, Chairman of General Partner of Odyssey Partners, L.P. $0 $0 the Board of Trustees (investment partnership) (since 1982) and Chairman Trustee since 1996 of the Board of Avatar Holdings, Inc. (real estate Age: 76 development) (since 1981). Director/trustee of 31 investment companies in the OppenheimerFunds complex. -------------------------- ------------------------------------------------------ ----------------- ------------------ -------------------------- ------------------------------------------------------ ----------------- ------------------ Robert G. Galli, A Trustee or Director of other Oppenheimer funds. Over $100,000 Over $100,0004 Trustee since 1996 Formerly Vice Chairman of the Manager (October 1995 Age: 68 - December 1997). Director/trustee of 41 investment companies in the OppenheimerFunds complex. -------------------------- ------------------------------------------------------ ----------------- ------------------ -------------------------- ------------------------------------------------------ ----------------- ------------------ Phillip A. Griffiths, The Director of the Institute for Advanced Study, $0 $0 Trustee since 1999 Princeton, N.J. (since 1991), director of GSI Age: 63 Lumonics (since 2001) and a member of the National Academy of Sciences (since 1979); formerly (in descending chronological order) a director of Bankers Trust Corporation, Provost and Professor of Mathematics at Duke University, a director of Research Triangle Institute, Raleigh, N.C., and a Professor of Mathematics at Harvard University. Director/trustee of 30 investment companies in the OppenheimerFunds complex. -------------------------- ------------------------------------------------------ ----------------- ------------------ -------------------------- ------------------------------------------------------ ----------------- ------------------ Benjamin Lipstein, Professor Emeritus of Marketing, Stern Gra...
Independent Trustees. 3 Section 4.
Independent Trustees. (a) The Independent Trustees shall be: Juan O'Callahan Alexander Bancroft