Common use of Quorum and Required Vote Clause in Contracts

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ ' meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ ' meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law law, by the By-Laws or the by this Declaration of Trust or these BylawsTrust, thirty percent (30%) 40% of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where . When any provision of law one or more Series or classes is to vote as a single class separate from any other Shares which are to vote on the Declaration of Trust or these Bylaws permits or requires that holders of any same matters as a separate class or series classes, 40% of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of the Shares of that each such class or series entitled to vote shall be necessary to constitute a quorum for the transaction at a Shareholders' meeting of business by that class or seriesclass. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions meeting of Shareholders may be heldadjourned from time to time by a majority of the votes properly cast upon the question, whether or not a quorum is present, and the meeting may be held as adjourned within a reasonable time after the date set for the original meeting, meeting without the necessity of further notice. Except When a quorum is present at any meeting, a majority of the Shares voted shall decide any questions and a plurality shall elect a Trustee, except when a different larger vote is required by any provision of law or the this Declaration of Trust or these Bylawsthe By-Laws or by law. If any question on which the Shareholders are entitled to vote would adversely affect the rights of any Series or class of Shares, the vote of a plurality majority (or such larger vote as is required as aforesaid) of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that such Series or class or series necessary for the transaction of business by that class or series at a Shareholders’ meeting which are entitled to vote, voting separately, shall also be required to decide that matter insofar as that class or series is concernedsuch question.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law applicable law, by the By-Laws or the by this Declaration of Trust or these BylawsTrust, thirty twenty-five percent (3025%) of the Shares entitled to vote on a particular matter issued and outstanding shall constitute a quorum for the transaction of business at a Shareholders’ meeting, except that where ' meeting but any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournmentsadjourned sessions. Any adjourned session When any one or sessions may be heldmore Series (or Classes) is to vote as a single Series (or Class) separate from any other Shares, within twenty-five percent (25%) of the Shares of each such Series (or Class) issued and outstanding shall constitute a reasonable time after the date set for the original meeting, without the necessity quorum at a Shareholders' meeting of further noticethat Series (or Class). Except when a different larger vote is required by any provision of law or the this Declaration of Trust or these Bylawsthe By-Laws or by applicable law, when a quorum is present at any meeting, a plurality majority of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting voted shall decide any questions and a plurality of the Shares voted shall elect a Trustee, provided that where any provision of law or of the this Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares Series shall vote as an individual class a Series (or seriesthat holders of a Class shall vote as a Class), then a plurality majority of the quorum of Shares of that class Series (or series necessary for Class) voted on the transaction matter (or a plurality with respect to the election of business by that class or series at a Shareholders’ meeting Trustee) shall decide that matter insofar as that class Series (or series Class) is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law law, by the By-Laws or the by this Declaration of Trust or these BylawsTrust, thirty percent (30%) % of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where . When any provision of law one or more Series or classes is to vote as a single class separate from any other Shares which are to vote on the Declaration of Trust or these Bylaws permits or requires that holders of any same matters as a separate class or series classes, 30% of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of the Shares of that each such class or series entitled to vote shall be necessary to constitute a quorum for the transaction at a Shareholders' meeting of business by that class or seriesclass. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions meeting of Shareholders may be heldadjourned from time to time by a majority of the votes properly cast upon the question, whether or not a quorum is present, and the meeting may be held as adjourned within a reasonable time after the date set for the original meeting, meeting without the necessity of further notice. Except When a quorum is present at any meeting, a majority of the Shares voted shall decide any questions and a plurality shall elect a Trustee, except when a different larger vote is required by any provision of law or the this Declaration of Trust or these Bylawsthe By-Laws or by law. If any question on which the Shareholders are entitled to vote would adversely affect the rights of any Series or class of Shares, the vote of a plurality majority (or such larger vote as is required as aforesaid) of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that such Series or class or series necessary for the transaction of business by that class or series at a Shareholders’ meeting which are entitled to vote, voting separately, shall also be required to decide that matter insofar as that class or series is concernedsuch question.

Quorum and Required Vote. Except when Section 3. The presence at a larger quorum is required meeting of Shareholders in person or by any provision proxy of law or the Declaration of Trust or these Bylaws, Shareholders entitled to vote at least thirty percent (30%) of all votes entitled to be cast at the Shares meeting of each series or class entitled to vote on as a particular matter series or class shall constitute be a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the of this Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote in the aggregate and not as an individual class a series or seriesclass, then the presence in person or by proxy of Shareholders entitled to vote at least thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series all votes entitled to vote be cast at the meeting (without regard to series or class) shall be necessary to constitute a quorum for the transaction of business by that class or seriesquorum. Any lesser number number, however, shall be sufficient for adjournments. Any adjourned session or sessions may be held, held within a reasonable time after the date set for the original meeting, meeting without the necessity of further notice. Except when a different larger vote is required by any provision provisions of law or the 1940 Act, this Declaration of Trust or these Bylawsthe By-Laws, a plurality majority of the quorum Shares of Shares necessary for each series or class voted on the transaction of business at a Shareholders’ meeting matter shall decide any questions and a plurality of Shares voted shall elect a Trusteethat matter insofar as that series or class is concerned, provided that where any provision of law or of the law, this Declaration of Trust or these Bylaws the By-Laws permits or requires that the holders of any class Shares vote in the aggregate and not as a series or series of Shares shall vote as an individual class or seriesclass, then a plurality majority of the quorum of Shares of that class voted on any matter (without regard to series or series necessary for the transaction of business by that class or series at a Shareholders’ meeting class) shall decide that such matter insofar as that class or series is concernedand a plurality shall elect a Trustee.

Quorum and Required Vote. Except when a larger quorum is required by ------------------------ any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ ' meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ ' meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty thirty-three and one-third percent (3033 1/3%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty thirty-three and one-third percent (3033 1/3%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when SECTION 3. The presence at a larger quorum is required meeting of Shareholders in person or by any provision proxy of law or the Declaration of Trust or these Bylaws, Shareholders entitled to vote at least thirty percent (30%) of all votes entitled to be cast at the Shares meeting of each series or class entitled to vote on as a particular matter series or class shall constitute be a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the of this Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote in the aggregate and not as an individual class a series or seriesclass, then the presence in person or by proxy of Shareholders entitled to vote at least thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series all votes entitled to vote be cast at the meeting (without regard to series or class) shall be necessary to constitute a quorum for the transaction of business by that class or seriesquorum. Any lesser number number, however, shall be sufficient for adjournments. Any adjourned session or sessions may be held, held within a reasonable time after the date set for the original meeting, meeting without the necessity of further notice. Except when a different larger vote is required by any provision provisions of law or the 1940 Act, this Declaration of Trust or these Bylawsthe By-Laws, a plurality majority of the quorum Shares of Shares necessary for each series or class voted on the transaction of business at a Shareholders’ meeting matter shall decide any questions and a plurality of Shares voted shall elect a Trusteethat matter insofar as that series or class is concerned, provided that where any provision of law or of the law, this Declaration of Trust or these Bylaws the By-Laws permits or requires that the holders of any class Shares vote in the aggregate and not as a series or series of Shares shall vote as an individual class or seriesclass, then a plurality majority of the quorum of Shares of that class voted on any matter (without regard to series or series necessary for the transaction of business by that class or series at a Shareholders’ meeting class) shall decide that such matter insofar as that class or series is concerned.and a plurality shall elect a Trustee. ACTION BY WRITTEN CONSENT -------------------------

Quorum and Required Vote. Except when a larger quorum is required by any provision of law law, the rules and regulations of the American Stock Exchange, or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ ' meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ ' meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or Subject to the Declaration of Trust or these Bylaws, thirty percent (30%) provisions of the 1940 Act and other applicable law, one-third of Shares entitled to vote on a particular matter shall constitute be a quorum for the transaction of business at a Shareholders’ meeting, except that where any provision of law or the of this Declaration of Trust or these Bylaws permits or requires that holders of any class Series or series of Shares Class thereof shall vote as an individual class a Series or seriesClass, then thirty percent (30%) (unless a larger quorum is required as specified above) subject to the provisions of the 1940 Act and other applicable law, one-third of the aggregate number of Shares of that class Series or series Class thereof entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class Series or seriesClass. Any lesser number The vote of a majority of shares present, with or without a quorum, shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required or permitted by any provision of law or the this Declaration of Trust Trust, the By-Laws or these Bylawsany provision of law, a plurality majority of the quorum of Shares necessary for the transaction of business voted, at a Shareholders’ meeting at which a quorum is present, shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the this Declaration of Trust or these Bylaws permits or requires that the holders of any class Series or series of Shares Class shall vote as an individual class a Series or seriesClass, then a plurality majority of the quorum of Shares of that class Series or series necessary for Class voted on the transaction matter (or a plurality with respect to the election of business by that class or series at a Shareholders’ meeting Trustee) shall decide that matter insofar as that class Series or series Class is concerned.

Quorum and Required Vote. Except when a larger quorum is ------------------------ required by any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ ' meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ ' meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision Section 3. Thirty percent of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute be a quorum for the transaction of business on that matter at a Shareholders’ meeting, except that where any provision of law or the of this Declaration of Trust or these the Bylaws permits or requires that holders of any series or class or series of Shares shall vote as an individual class series or seriesclass, then thirty percent (30%) (unless a larger quorum is required as specified above) of the aggregate number of Shares of that series or class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class series or seriesclass; provided that the Trustees may in their discretion specify a greater percentage to constitute a quorum as to any matter. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different larger vote is required by any provision of law or the of this Declaration of Trust or these the Bylaws, a plurality majority of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting voted shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the this Declaration of Trust or these the Bylaws permits or requires that the holders of any series or class or series of Shares shall vote as an individual series or class or series, then a plurality majority of the quorum of Shares of that series or class voted on the matter (or series necessary for a plurality with respect to the transaction election of business by that class or series at a Shareholders’ meeting Trustee) shall decide that matter insofar as that series or class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision One-third of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter in person or by proxy shall constitute be a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of this Trust or these Bylaws Instrument permits or requires that holders of any class or series of Shares Series shall vote as an individual a Series (or that holders of a class or seriesshall vote as a class), then thirty percent (30%) (unless a larger quorum is required as specified above) one-third of the aggregate number of Shares of that class Series (or series that class) entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class Series (or seriesthat class). Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different larger vote is required by law or by any provision of law this Trust Instrument or the Declaration of Trust or these Bylaws, a plurality majority of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting voted in person or by proxy shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of this Trust or these Bylaws Instrument permits or requires that the holders of any class or series of Shares Series shall vote as an individual a Series (or that the holders of any class or seriesshall vote as a class), then a plurality majority of the quorum Shares present in person or by proxy of that Series (or class) or, if required by law, a majority of the Shares of that class Series (or series necessary for class), voted on the transaction of business matter in person or by that class or series at a Shareholders’ meeting proxy shall decide that matter insofar as that class Series (or series class) is concerned. Shareholders may act by unanimous written consent. Actions taken by Series (or class) may be consented to unanimously in writing by Shareholders of that Series (or class).

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) One-third of the Shares entitled to vote on a particular matter in person or by proxy shall constitute a quorum for the transaction of business at a Shareholders’ meeting, except that where any provision of law or the this Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall Series to vote as an individual class a Series or seriesthe holders of a Class to vote as a Class, then thirty percent (30%) (unless a larger quorum is required as specified above) one‑third of the aggregate number of Shares of that class Series or series Class entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class Series or seriesClass. Any lesser number shall meeting of Shareholders may, by action of the chairman of the meeting, be sufficient for adjournmentsadjourned with respect to one or more matters to be considered at such meeting, whether or not a quorum is present with respect to such matter(s). Any adjourned session or sessions meeting may be heldheld as adjourned without further notice if the date, within a reasonable time after and place of the date set for adjourned meeting were announced at the original meeting, without time of the necessity of further noticeadjournment. Except when a different larger vote is required by any provision of law or the this Declaration of Trust or these Bylawsthe By‑laws or by applicable law, when a quorum is present at any meeting, a plurality majority of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting voted shall decide any questions and a plurality of the Shares voted shall elect a Trustee, provided that where any provision of law or of the this Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall Series to vote as an individual class a Series or seriesthe holders of a Class to vote as a Class, then a plurality majority of the quorum of Shares of that class Series or series necessary for Class voted on the transaction of business by that class or series at a Shareholders’ meeting matter shall decide that matter insofar as that class Series or series Class is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any meeting may be adjourned to the time or times as determined by the Trustees and communicated to the Shareholders in the manner provided in Section 10.2 hereof. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality majority of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty thirty-three and one-third percent (30331⁄3%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty thirty-three and one-third percent (30331⁄3%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the this Declaration of Trust or these BylawsTrust, thirty percent (30%) % of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business on that matter at a Shareholders’ meeting, except that where any provision of law or the Declaration of Trust requires, or these Bylaws permits or requires with the Trustees’ approval, that holders of any Series or class or series of Shares shall vote as an individual Series or class or seriesof Shares, then thirty percent (30%) % (unless a larger quorum is required as specified above) of Shares of that Series or class or series of Shares entitled to vote shall be necessary to constitute a quorum for the transaction of business by that Series or class or seriesof Shares, as the case may be. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different larger vote is required by any provision of law or the Declaration of Trust or these BylawsTrust, a plurality of the quorum of Shares necessary for the transaction of business voted at a Shareholders’ meeting shall decide any questions question and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust requires, or these Bylaws permits or requires with the Trustees’ approval, that the holders of any Series or class or series of Shares shall vote as an individual Series or class or seriesof Shares, then a plurality of the quorum of Shares of that Series or class or series necessary for the transaction of business by that class or series Shares voted at a Shareholders’ meeting shall decide that matter insofar as that Series or class or series of Shares is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law law, or the Declaration of Trust or these Bylaws, thirty percent (30%) % of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any series or class or series of Shares shall vote as an individual class a series or seriesclass, then thirty percent (30%) % (unless a larger quorum is required as specified above) of Shares of that series or class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class series or seriesclass, as the case may be. Any lesser number shall be sufficient for adjournments. Any adjourned session meeting or sessions meetings may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different larger vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ ' meeting shall decide any questions question and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any series or class or series of Shares shall vote as an individual class a series or seriesclass, then a plurality of the quorum of Shares of that series or class or series necessary for the transaction of business by that series or class or series at a Shareholders’ ' meeting shall decide that matter insofar as that series or class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision One-third of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares outstanding and entitled to vote on in person or by proxy as of the record date for a particular matter Shareholders' meeting shall constitute be a quorum for the transaction of business at a such Shareholders’ ' meeting, except that where any provision of law or the Declaration of this Trust or these Bylaws Instrument permits or requires that holders of any class or series of Shares Series shall vote as an individual a Series (or that holders of a class or seriesshall vote as a class), then thirty percent (30%) (unless a larger quorum is required as specified above) one-third of the aggregate number of Shares of that class Series (or series that class) entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class Series (or seriesthat class). Any lesser number shall meeting of Shareholders may be sufficient for adjournmentsadjourned from time to time by a majority of the votes properly cast upon the question of adjourning a meeting to another date and time, whether or not a quorum is present. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different larger vote is required by law or by any provision of law this Trust Instrument or the Declaration of Trust or these Bylaws, a plurality majority of the quorum of Shares necessary for the transaction of business voted in person or by proxy at a Shareholders’ meeting at which a quorum is present shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of this Trust or these Bylaws Instrument permits or requires that the holders of any class or series of Shares Series shall vote as an individual a Series (or that the holders of any class or seriesshall vote as a class), then a plurality majority of the quorum of Shares voted in person or by proxy at a meeting of that class Series (or series necessary for the transaction of business by that class or series class), at which a Shareholders’ meeting quorum is present shall decide that matter insofar as that class Series (or series class) is concerned. Shareholders may act by unanimous written consent, to the extent not inconsistent with the 1940 Act, and any such actions taken by a Series (or class) may be consented to unanimously in writing by Shareholders of that Series (or class).

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty thirty-three and one-third percent (30%33?%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty thirty-three and one-third percent (30%33?%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ ' meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ ' meeting shall decide that matter insofar as that class or series is concerned.. 10.4

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty thirty-three and one-third percent (3033 1⁄3%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty thirty-three and one-third percent (3033 1⁄3%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or a series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different larger vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ ' meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or a series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ ' meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by ------------------------ any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or a series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different larger vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ ' meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or a series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ ' meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where when any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Section 3. Except when a larger quorum is required by any provision of law law, by the By-Laws or the by this Declaration of Trust or these BylawsTrust, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ meeting, except that where any provision of law or the of this Declaration of Trust or these Bylaws permits or the By-Laws requires that holders of any class Series or series of Shares Class shall vote as an individual class a Series or seriesClass, then thirty percent (30%) (unless a larger quorum is required as specified above) of the aggregate number of Shares of that class Series or series Class entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class Series or seriesClass. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable any time after the date set for the original meeting, without the necessity of further notice. Except when a different larger vote is required by any provision of law or the this Declaration of Trust or these Bylawsthe By-Laws or by the Trustees, a plurality majority of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting voted shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the this Declaration of Trust or these Bylaws permits or the By-Laws requires that the holders of any class Series or series of Shares Class shall vote as an individual class a Series or seriesClass, then a plurality majority of the quorum of Shares of that class Series or series necessary for Class voted on the transaction matter (or such larger proportion thereof as shall be required by any provision of business by that class law or series at a Shareholders’ meeting this Declaration of Trust or the By-Laws or the Trustees) shall decide that matter insofar as that class Series or series Class is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any meeting may be adjourned to the time or times as determined by the Trustees and communicated to the Shareholders in the manner provided in Section 10.2 hereof. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality majority of the quorum of Shares necessary for the transaction of business voted at a Shareholders’ meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality majority of the quorum of Shares voted of that class or series necessary for the transaction of business by that class or series at a Shareholders’ meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when a larger vote or quorum is required by any provision of law this Declaration, the Bylaws or the Declaration notice of Trust or these Bylawsmeeting forwarded to the Shareholders by the Trustees, thirty thirty-three and one third percent (3033.333%) of the Shares entitled to vote on a particular matter shall constitute a quorum for voting on a particular matter or the transaction of business at a Shareholders’ ' meeting, except that where any provision of law law, this Declaration, the Bylaws or the Declaration notice of Trust or these Bylaws permits or meeting forwarded to the Shareholders by the Trustees, requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty thirty-three and one third percent (3033.333%) of the Shares entitled to vote (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law law, this Declaration, the Bylaws or the Declaration notice of Trust or these Bylawsmeeting forwarded to the Shareholders by the Trustees, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ ' meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law law, this Declaration, the Bylaws or the notice of meeting forwarded to the Declaration of Trust or these Bylaws permits or Shareholders by the Trustees, requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ ' meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ meeting shall decide that matter insofar as that class or series is concerned.. 141

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable 7 time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ ' meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ ' meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law law, or the Declaration of Trust or these Bylaws, thirty percent (30%) % of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any series or class or series of Shares shall vote as an individual class a series or seriesclass, then thirty percent (30%) % (unless a larger quorum is required as specified above) of Shares of that series or class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class series or seriesclass, as the case may be. Any lesser number shall be sufficient for adjournments. Any adjourned session meeting or sessions meetings may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different larger vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting shall decide any questions question and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any series or class or series of Shares shall vote as an individual class a series or seriesclass, then a plurality of the quorum of Shares of that series or class or series necessary for the transaction of business by that series or class or series at a Shareholders’ meeting shall decide that matter insofar as that series or class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required ------------------------ by any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or a series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different larger vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ ' meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or a series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ ' meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ meeting shall decide that matter insofar as that class or series is concerned. If any question on which the Shareholders are entitled to vote would adversely affect the rights of any Series or class of Shares, the vote of a majority (or such larger vote as is required as aforesaid) of the Shares of such Series or class which are entitled to vote, voting separately, shall also be required to decide such question.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law law, the rules and regulations of the New York Stock Exchange, or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ ' meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ ' meeting shall decide that matter insofar as that class or series is concerned.

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as -7- specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ ' meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ ' meeting shall decide that matter insofar as that class or series is concerned.. 10.4

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall -7- vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ ' meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ ' meeting shall decide that matter insofar as that class or series is concerned.. 10.4

Quorum and Required Vote. Except when a larger quorum is required by any provision of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter shall constitute a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of Trust or these Bylaws permits or requires that holders of any class or series of Shares shall vote as an individual class or series, then thirty percent (30%) (unless a larger quorum is required as specified above) of Shares of that class or series entitled to vote shall be necessary to constitute a quorum for the transaction of business by that class or series. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different vote is required by any provision of law or the Declaration of Trust or these Bylaws, a plurality of the quorum of Shares necessary for the transaction of business at a Shareholders’ ' meeting shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of Trust or these Bylaws -7- permits or requires that the holders of any class or series of Shares shall vote as an individual class or series, then a plurality of the quorum of Shares of that class or series necessary for the transaction of business by that class or series at a Shareholders’ ' meeting shall decide that matter insofar as that class or series is concerned.. 10.4

Quorum and Required Vote. Except when a larger quorum is required by any provision One-third of law or the Declaration of Trust or these Bylaws, thirty percent (30%) of the Shares entitled to vote on a particular matter in person or by proxy shall constitute be a quorum for the transaction of business at a Shareholders’ ' meeting, except that where any provision of law or the Declaration of this Trust or these Bylaws Instrument permits or requires requests that holders of any class or series of Shares Series shall vote as an individual a Series (or that holders of a class or seriesshall vote as a class), then thirty percent (30%) (unless a larger quorum is required as specified above) one-third of the aggregate number of Shares of that class Series (or series that class) entitled to vote shall be necessary to constitute a quorum for the transaction transactions of business by that class Series (or seriesthat class). Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a different larger vote is required by law or by any provision of law or this Trust Instrument of the Declaration of Trust or these BylawsBy-Laws, a plurality majority of the quorum of Shares necessary for the transaction of business at a Shareholders’ meeting voted in person or by proxy shall decide any questions and a plurality of Shares voted shall elect a Trustee, provided that where any provision of law or of the Declaration of this Trust or these Bylaws Instrument permits or requires that the holders of any class or series of Shares Series shall vote as an individual a Series (or that the holders of any class or seriesshall vote as a class), then a plurality majority of the quorum of Shares present in person or by proxy of that class Series or, if required by law, a Majority Shareholder Vote of that Series (or series necessary for class), voted on the transaction of business matter in person or by that class or series at a Shareholders’ meeting proxy shall decide that matter insofar as that class Series (or series class) is concerned. The By-Laws may provide that the Shareholders may act by written consent of the requisite number of Shares required to vote on the matter, whether on a Trust, Series or class basis.