Common use of Mandatory Election by Shareholders Clause in Contracts

Mandatory Election by Shareholders. Notwithstanding the foregoing provisions of this Section 1, the Trustees shall call a meeting of the Shareholders for the election of one or more Trustees at such time or times as may be required in order that the provisions of the 1940 Act may be complied with, and the authority hereinabove provided for the Trustees to appoint any successor Trustee or Trustees shall be restricted if such appointment would result in failure of the Trust to comply with any provision of the 1940 Act.

Appears in 28 contracts

Samples: Agreement and Declaration (Tax Exempt California Money Market Fund), Agreement and Declaration (Oppenheimer Limited Term Government Fund), Kemper Money Market Fund (Kemper Money Market Fund)

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Mandatory Election by Shareholders. Notwithstanding the foregoing provisions of this Section 1l, the Trustees shall call a meeting of the Shareholders for the election of one or more Trustees at such time or times as may be required in order that the provisions of the 1940 Act may be complied with, and the authority hereinabove provided for the Trustees to appoint any successor Trustee or Trustees shall be restricted if such appointment would result in failure of the Trust to comply with any provision of the 1940 Act.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Oberweis Funds), Agreement and Declaration of Trust (Oberweis Funds)

Mandatory Election by Shareholders. Notwithstanding the foregoing provisions of this Section 13.1, the Trustees shall call a meeting of the Shareholders for the election of one or more Trustees at such time or times as may be required in order that the provisions of the 1940 Act (including Section 16(a) thereof) may be complied with, and the authority hereinabove provided for the Trustees to appoint any successor Trustee or Trustees shall be restricted if such appointment would result in failure of the Trust to comply with any provision of the 1940 Act.

Appears in 1 contract

Samples: Goldman Sachs Trust

Mandatory Election by Shareholders. Notwithstanding the foregoing provisions (a) through (f) of this Section 1, the Trustees shall call a meeting of the Shareholders for the election of one none or more Trustees at such time or times as may be required in order that the provisions of the 1940 Act may be complied with, and the authority hereinabove provided for the Trustees to appoint any successor Trustee or Trustees shall be restricted if such appointment would result in failure of the Trust to comply with any provision of the 1940 Act.

Appears in 1 contract

Samples: Kemper High Income Trust

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Mandatory Election by Shareholders. Notwithstanding the foregoing provisions of this Section 1, the Trustees shall call a meeting of the Shareholders for the election of one or more Trustees at such time or times as may be required in order that the provisions of the 1940 Act may be complied with, and the authority hereinabove provided for the Trustees to appoint any successor Trustee or Trustees shall be restricted if such appointment would result in failure of the Trust to comply with any provision of the 1940 Act.. (h)

Appears in 1 contract

Samples: Trust #27 Agreement and Declaration of Trust Agreement (Kemper Agressive Growth Fund)

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