Common use of Other Committees Clause in Contracts

Other Committees. The Trustees by vote of a majority of all the Trustees may elect from their own number other Committees from time to time to consist of one or more Trustees to hold office at the pleasure of the Trustees, which Committees shall have such power and duties as the Board of Trustees may, by resolution, prescribe, subject to the same limitations as with respect to the Executive Committee. The terms of membership on such Committees and the termination or circumstances giving rise to the termination of such Committees shall be determined by the Trustees. The Trustees may designate a chairman of any such Committee. In the absence of such designation the Committee may elect its own chairman.

Appears in 11 contracts

Samples: Cushing American Renaissance Fund, Miller/Howard High Income Equity Fund, Cushing Royalty & Income Fund

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Other Committees. The Trustees by vote of a majority of all the Trustees may elect from their own number other Committees from time to time to consist of one or more Trustees to hold office at the pleasure of the Trustees, which Committees shall have such power and duties as the Board of Trustees may, by resolution, prescribe, subject to the same limitations as with respect to the Executive Committee. The terms of membership on such Committees and the termination or circumstances giving rise to the termination of such Committees shall be determined by the Trustees. The Trustees may designate a chairman of any such Committee. In the absence of such designation the Committee may elect its own chairman.

Appears in 10 contracts

Samples: Hotchkis & Wiley Funds /De/, Hotchkis & Wiley Funds /De/, Merrill Lynch Global Equity Opportunities Fund

Other Committees. The Trustees by vote of a majority of all the ---------------- Trustees may elect from their own number other Committees from time to time to consist of one or more Trustees to hold office at the pleasure of the Trustees, which Committees shall have such power and duties as the Board of Trustees may, by resolution, prescribe, subject to the same limitations as with respect to the Executive Committee. The terms of membership on such Committees and the termination or circumstances giving rise to the termination of such Committees shall be determined by the Trustees. The Trustees may designate a chairman of any such Committee. In the absence of such designation the Committee may elect its own chairman.

Appears in 2 contracts

Samples: Merrill Lynch Inflation Protected Bond Fund, Managed Account Series

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Other Committees. The Trustees Directors by vote of a majority of all the Trustees Directors may elect from their own number other Committees from time to time to consist of one or more Trustees Directors to hold office at the pleasure of the TrusteesDirectors, which Committees shall have such power and duties as the Board of Trustees Directors may, by resolution, prescribe, subject to the same limitations as with respect to the Executive Committee. The terms of membership on such Committees and the termination or circumstances giving rise to the termination of such Committees shall be determined by the TrusteesDirectors. The Trustees Directors may designate a chairman of any such Committee. In the absence of such designation the Committee may elect its own chairman.

Appears in 1 contract

Samples: Master Commodity Strategies LLC

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