Qualification of Trustees. Trustees shall meet the following requirements and complete the Trustee Attestation attached as Schedule "C":
Qualification of Trustees. Trustees shall meet the following requirements and complete the Trustee Attestation attached as Schedule "G":
Qualification of Trustees. The Trustees must be members in good standing of the Association. A majority of the Trustees must not be members of the Executive Committee of the Association.
Qualification of Trustees. A Trustee may have no economic ------------------------- interest in the Corporation or in the Shareholder or any affiliate thereof. Each Trustee shall be required to certify to Shareholder on June 30 of each year that the Trustee fulfils such requirements.
Qualification of Trustees. A Trustee must be a member of the Union and must reside in the Province of British Columbia.
Qualification of Trustees. The persons serving as Trustees shall be eligible to serve as directors of a registered investment company under the Investment Company Act, and a majority of the Trustees shall not be "interested persons", as such term is defined in the Investment Company Act.
Qualification of Trustees. Except as otherwise provided in this Agreement, each Trustee under this Agreement shall at all times be (a) a bank or trust company organized under the laws of the United States or one of the fifty states of the United States or the District of Columbia, with capital and surplus of at least $250,000,000 and a rating on its long-term debt and short-term securities of not less than “A2/P-1” from Moody’s and “AA-1” from Standard & Poor’s, and (b) in the case of the Delaware Trustee only, have a principal place of business in the State of Delaware and meeting the requirements of Section 3807 of the Business Trust Statute. In the event the Delaware Trustee complies with clause (a) above but has its principal place of business outside of the State of Delaware, then there shall at all times be a co-trustee appointed to act as the trustee in Delaware pursuant to Section 3807 of the Business Trust Statute. Such co-trustee shall serve as trustee in Delaware for the sole purpose of satisfying the requirement of Section 3807 of the Business Trust Statute that the Trust have at least one trustee with a principal place of business in Delaware. It is understood and agreed by the parties hereto that such co-trustee shall have none of the duties or liabilities of a Trustee.
