Common use of Quorum; Required Vote Clause in Contracts

Quorum; Required Vote. One-third of the Outstanding Shares of each Series or Class, or one-third of the Outstanding Shares of the Trust, entitled to vote in person or by proxy shall be a quorum for the transaction of business at a Shareholders’ meeting with respect to such Series or Class, or with respect to the entire Trust, respectively. Any lesser number shall be sufficient for adjournments. In addition, any meeting of Shareholders may be adjourned one or more times from time to time by the chairman of the meeting to another time for any reason, including the failure of a quorum to be present at the meeting with respect to any proposal or the failure of any proposal to receive sufficient votes for approval, and as to one or more proposals regardless of whether action has been taken on other matters. Any adjourned meeting may be held as adjourned one or more times to a date not more than ninety (90) days beyond the originally scheduled meeting date. Notice of adjournment of a Shareholders’ meeting to another time or place need not be given, if such time and place (which shall include a meeting held solely by means of remote communications) are announced at the meeting. Prior to the date upon which any meeting of Shareholders is to be held, the Board of Trustees or the President may postpone such meeting one or more times for any reason to a date not more than ninety (90) days beyond the originally scheduled meeting date by giving notice to each Shareholder entitled to vote at the meeting so postponed of the place (which shall include a meeting held solely by means of remote communications), date and hour at which such meeting will be held. Such notice shall be given not fewer than two (2) days before the date of such meeting. No new record date need be fixed for any meeting that is postponed and/or adjourned as provided in this Section. If, after a postponement or adjournment, a new record date is fixed for the postponed or adjourned meeting, the Secretary shall give notice of the postponed or adjourned meeting to Shareholders of record entitled to vote at such meeting. If a quorum is present with respect to any one or more proposals, the chairman of the meeting may, but shall not be required to, cause a vote to be taken with respect to any such proposal or proposals which vote can be certified as final and effective notwithstanding the adjournment of the meeting with respect to any other proposal or proposals. Except when a larger vote is required by the 1940 Act, this Declaration or the By-Laws, a majority of the Shares voting at a Shareholders’ meeting in person or by proxy shall decide any matters to be voted upon with respect to the entire Trust and a plurality of such Shares shall elect a Trustee; provided, that if this Declaration or applicable law permits or requires that Shares be voted on any matter by individual Series or Classes, then a majority of the Shares of that Series or Class (or, if required by law, a majority of the Shares outstanding and entitled to vote of that Series or Class) voting at a Shareholders’ meeting in person or by proxy on the matter shall decide that matter insofar as that Series or Class is concerned.

Quorum; Required Vote. One-third of the Outstanding Shares Securities of each Series or Class, or one-third of the Outstanding Shares Securities of the Trust, entitled to vote in person or by proxy shall be a quorum for the transaction of business at a Shareholders’ meeting with respect to such Series or Class, or with respect to the entire Trust, respectively. Any lesser number shall be sufficient for adjournments. In addition, any meeting of Shareholders may be adjourned one or more times from time to time by the chairman of the meeting to another time for any reason, including the failure of a quorum to be present at the meeting with respect to any proposal or the failure of any proposal to receive sufficient votes for approval, and as to one or more proposals regardless of whether action has been taken on other matters. Any adjourned meeting may be held as adjourned one or more times to a date not more than ninety (90) days beyond the originally scheduled meeting date. Notice of adjournment of a Shareholders’ meeting to another time or place need not be given, if such time and place (which shall include a meeting held solely by means of remote communications) are announced at the meeting. Prior to the date upon which any meeting of Shareholders is to be held, the Board of Trustees or the President may postpone such meeting one or more times for any reason to a date not more than ninety (90) days beyond the originally scheduled meeting date by giving notice to each Shareholder entitled to vote at the meeting so postponed of the place (which shall include a meeting held solely by means of remote communications), date and hour at which such meeting will be held. Such notice shall be given not fewer than two (2) days before the date of such meeting. No new record date need be fixed for any meeting that is postponed and/or adjourned as provided in this Section. If, after a postponement or adjournment, a new record date is fixed for the postponed or adjourned meeting, the Secretary shall give notice of the postponed or adjourned meeting to Shareholders of record entitled to vote at such meeting. If a quorum is present with respect to any one or more proposals, the chairman of the meeting may, but shall not be required to, cause a vote to be taken with respect to any such proposal or proposals which vote can be certified as final and effective notwithstanding the adjournment of the meeting with respect to any other proposal or proposals. Except when a larger vote is required by the 1940 Act, this Declaration or the By-Laws, a majority of the Shares and Preferred Securities, each voting as a separate class and voting together as a single class, voting at a Shareholders’ meeting in person or by proxy shall decide any matters to be voted upon with respect to the entire Trust and a plurality of such Shares and Preferred Securities shall elect a Trustee; provided, that if this Declaration or applicable law permits or requires that Shares or Preferred Securities be voted on any matter by individual Series or Classes, then a majority of the Shares or Preferred Securities of that Series or Class (or, if required by law, a majority of the Shares or Preferred Securities outstanding and entitled to vote of that Series or Class) voting at a Shareholders’ the meeting in person or by proxy on the matter shall decide that matter insofar as that Series or Class is concerned.

Quorum; Required Vote. One-third of the Outstanding Shares Securities of each Series or Class, or one-third of the Outstanding Shares Securities of the Trust, entitled to vote in person or by proxy shall be a quorum for the transaction of business at a Shareholders’ ' meeting with respect to such Series or Class, or with respect to the entire Trust, respectively. Any lesser number shall be sufficient for adjournments. In addition, any meeting of Shareholders may be adjourned one or more times from time to time by the chairman of the meeting to another time for any reason, including the failure of a quorum to be present at the meeting with respect to any proposal or the failure of any proposal to receive sufficient votes for approval, and as to one or more proposals regardless of whether action has been taken on other matters. Any adjourned meeting may be held as adjourned one or more times to a date not more than ninety (90) days beyond the originally scheduled meeting date. Notice of adjournment of a Shareholders’ ' meeting to another time or place need not be given, if such time and place (which shall include a meeting held solely by means of remote communications) are announced at the meeting. Prior to the date upon which any meeting of Shareholders is to be held, the Board of Trustees or the President may postpone such meeting one or more times for any reason to a date not more than ninety (90) days beyond the originally scheduled meeting date by giving notice to each Shareholder entitled to vote at the meeting so postponed of the place (which shall include a meeting held solely by means of remote communications), date and hour at which such meeting will be held. Such notice shall be given not fewer than two (2) days before the date of such meeting. No new record date need be fixed for any meeting that is postponed and/or adjourned as provided in this Section. If, after a postponement or adjournment, a new record date is fixed for the postponed or adjourned meeting, the Secretary shall give notice of the postponed or adjourned meeting to Shareholders of record entitled to vote at such meeting. If a quorum is present with respect to any one or more proposals, the chairman of the meeting may, but shall not be required to, cause a vote to be taken with respect to any such proposal or proposals which vote can be certified as final and effective notwithstanding the adjournment of the meeting with respect to any other proposal or proposals. Except when a larger vote is required by the 1940 Act, this Declaration or the By-Laws, a majority of the Shares and Preferred Securities, each voting as a separate class and voting together as a single class, voting at a Shareholders’ ' meeting in person or by proxy shall decide any matters to be voted upon with respect to the entire Trust and a plurality of such Shares and Preferred Securities shall elect a Trustee; provided, that if this Declaration or applicable law permits or requires that Shares or Preferred Securities be voted on any matter by individual Series or Classes, then a majority of the Shares or Preferred Securities of that Series or Class (or, if required by law, a majority of the Shares or Preferred Securities outstanding and entitled to vote of that Series or Class) voting at a Shareholders’ the meeting in person or by proxy on the matter shall decide that matter insofar as that Series or Class is concerned.

Quorum; Required Vote. One-third of the Outstanding Shares Securities of each Series or Class, or one-third of the Outstanding Shares Securities of the Trust, entitled to vote in person or by proxy shall be a quorum for the transaction of business at a Shareholders’ meeting with respect to such Series or Class, or with respect to the entire Trust, respectively. Any lesser number shall be sufficient for adjournments. In addition, any meeting of Shareholders may be adjourned one or more times from time to time by the chairman of the meeting to another time for any reason, including the failure of a quorum to be present at the meeting with respect to any proposal or the failure of any proposal to receive sufficient votes for approval, and as to one or more proposals regardless of whether action has been taken on other matters. Any adjourned meeting may be held as adjourned one or more times to a date not more than ninety (90) days beyond the originally scheduled meeting date. Notice of adjournment of a Shareholders’ meeting to another time or place need not be given, if such time and place (which shall include a meeting held solely by means of remote communications) are announced at the meeting. Prior to the date upon which any meeting of Shareholders is to be held, the Board of Trustees or the President may postpone such meeting one or more times for any reason to a date not more than ninety (90) days beyond the originally scheduled meeting date by giving notice to each Shareholder entitled to vote at the meeting so postponed of the place (which shall include a meeting held solely by means of remote communications), date and hour at which such meeting will be held. Such notice shall be given not fewer than two (2) days before the date of such meeting. No new record date need be fixed for any meeting that is postponed and/or adjourned as provided in this Section. If, after a postponement or adjournment, a new record date is fixed for the postponed or adjourned meeting, the Secretary shall give notice of the postponed or adjourned meeting to Shareholders of record entitled to vote at such meeting. If a quorum is present with respect to any one or more proposals, the chairman of the meeting may, but shall not be required to, cause a vote to be taken with respect to any such proposal or proposals which vote can be certified as final and effective notwithstanding the adjournment of the meeting with respect to any other proposal or proposals. Except when a larger vote is required by the 1940 Act, this Declaration or the By-Laws, a majority of the Shares and Preferred Securities, each voting as a separate class and voting together as a single class, voting at a Shareholders’ meeting in person or by proxy shall decide any matters to be voted upon with respect to the entire Trust and a plurality of such Shares and Preferred Securities shall elect a 12966669/2 Trustee; provided, that if this Declaration or applicable law permits or requires that Shares or Preferred Securities be voted on any matter by individual Series or Classes, then a majority of the Shares or Preferred Securities of that Series or Class (or, if required by law, a majority of the Shares or Preferred Securities outstanding and entitled to vote of that Series or Class) voting at a Shareholders’ the meeting in person or by proxy on the matter shall decide that matter insofar as that Series or Class is concerned.

Quorum; Required Vote. One-third of the Outstanding Shares Securities of each Series or Class, or one-third of the Outstanding Shares Securities of the Trust, entitled to vote in person or by proxy shall be a quorum for the transaction of business at a Shareholders’ ' meeting with respect to such Series or Class, or with respect to the entire Trust, respectively. Any lesser number shall be sufficient for adjournments. In addition, any meeting of Shareholders may be adjourned one or more times from time to time by the chairman of the meeting to another time for any reason, including the failure of a quorum to be present at the meeting with respect to any proposal or the failure of any proposal to receive sufficient votes for approval, and as to one or more proposals regardless of whether action has been taken on other matters. Any adjourned meeting may be held as adjourned one or more times to a date not more than ninety (90) days beyond the originally scheduled meeting date. Notice of adjournment of a Shareholders’ ' meeting to another time or place need not be given, if such time and place (which shall include a meeting held solely by means of remote communications) are announced at the meeting. Prior to the date upon which any meeting of Shareholders is to be held, the Board of Trustees or the President may postpone such meeting one or more times for any reason to a date not more than ninety (90) days beyond the originally scheduled meeting date by giving notice to each Shareholder entitled to vote at the meeting so postponed of the place (which shall include a meeting held solely by means of remote communications), date and hour at which such meeting will be held. Such notice shall be given not fewer than two (2) days before the date of such meeting. No new record date need be fixed for any meeting that is postponed and/or adjourned as provided in this Section. If, after a postponement or adjournment, a new record date is fixed for the postponed or adjourned meeting, the Secretary shall give notice of the postponed or adjourned meeting to Shareholders of record entitled to vote at such meeting. If a quorum is present with respect to any one or more proposals, the chairman of the meeting may, but shall not be required to, cause a vote to be taken with respect to any such proposal or proposals which vote can be certified as final and effective notwithstanding the adjournment of the meeting with respect to any other proposal or proposals. Except when a larger vote is required by the 1940 Act, this Declaration or the By-Laws, a majority of the Shares and Preferred Securities, each voting as a separate class and voting together as a single class, voting at a Shareholders’ ' meeting in person or by proxy shall decide any matters to be voted upon with respect to the entire Trust and a plurality of such Shares and Preferred Securities shall elect a 12966669/2 189 Agreements and Declarations of Trust - CCD Fourth A&R Agreement and Declaration of Trust Trustee; provided, that if this Declaration or applicable law permits or requires that Shares or Preferred Securities be voted on any matter by individual Series or Classes, then a majority of the Shares or Preferred Securities of that Series or Class (or, if required by law, a majority of the Shares or Preferred Securities outstanding and entitled to vote of that Series or Class) voting at a Shareholders’ the meeting in person or by proxy on the matter shall decide that matter insofar as that Series or Class is concerned.

Quorum; Required Vote. One-third of the Outstanding Shares of each Series or Class, or one-third of the Outstanding Shares of the Trust, entitled to vote in person or by proxy shall be a quorum for the transaction of business at a Shareholders’ meeting with respect to such Series or Class, or with respect to the entire Trust, respectively. Any lesser number shall be sufficient for adjournments. In addition, any meeting of Shareholders may be adjourned one or more times from time to time by the chairman of the meeting to another time for any reason, including the failure of a quorum to be present at the meeting with respect to any proposal or the failure of any proposal to receive sufficient votes for approval, and as to one or more proposals regardless of whether action has been taken on other matters. Any adjourned meeting may be held as adjourned one or more times to a date not more than ninety (90) days beyond the originally scheduled meeting date. Notice of adjournment of a Shareholders’ meeting to another time or place need not be given, if such time and place (which shall include a meeting held solely by means of remote communications) are announced at the meeting. Prior to the date upon which any meeting of Shareholders is to be held, the Board of Trustees or the President may postpone such meeting one or more times for any reason to a date not more than ninety (90) days beyond the originally scheduled meeting date by giving notice to each Shareholder entitled to vote at the meeting so postponed of the place (which shall include a meeting held solely by means of remote communications), date and hour at which such meeting will be held. Such notice shall be given not fewer than two (2) days before the date of such meeting. meeting No new record date need be fixed for any meeting that is postponed and/or adjourned as provided in this Section. If, after a postponement or adjournment, a new record date is fixed for the postponed or adjourned meeting, the Secretary shall give notice of the postponed or adjourned meeting to Shareholders of record entitled to vote at such meeting. If a quorum is present with respect to any one or more proposals, the chairman of the meeting may, but shall not be required to, cause a vote to be taken with respect to any such proposal or proposals which vote can be certified as final and effective notwithstanding the adjournment of the meeting with respect to any other proposal or proposals. Except when a larger vote is required by the 1940 Act, this Declaration or the By-Laws, a majority of the Shares voting at a Shareholders’ meeting in person or by proxy shall decide any matters to be voted upon with respect to the entire Trust and a plurality of such Shares shall elect a Trustee; provided, that if this Declaration or applicable law permits or requires that Shares be voted on any matter by individual Series or Classes, then a majority of the Shares of that Series or Class (or, if required by law, a majority of the Shares outstanding and entitled to vote of that Series or Class) voting at a Shareholders’ meeting in person or by proxy on the matter shall decide that matter insofar as that Series or Class is concerned.

Quorum; Required Vote. One-third of the Outstanding Shares Securities of each Series or Class, or one-third of the Outstanding Shares Securities of the Trust, entitled to vote in person or by proxy shall be a quorum for the transaction of business at a Shareholders’ meeting with respect to such Series or Class, or with respect to the entire Trust, respectively. Any lesser number shall be sufficient for adjournments. In addition, any meeting of Shareholders may be adjourned one or more times from time to time by the chairman of the meeting to another time for any reason, including the failure of a quorum to be present at the meeting with respect to any proposal or the failure of any proposal to receive sufficient votes for approval, and as to one or more proposals regardless of whether action has been taken on other matters. Any adjourned meeting may be held as adjourned one or more times to a date not more than ninety (90) days beyond the originally scheduled meeting date. Notice of adjournment of a Shareholders’ meeting to another time or place need not be given, if such time and place (which shall include a meeting held solely by means of remote communications) are announced at the meeting. Prior to the date upon which any meeting of Shareholders is to be held, the Board of Trustees or the President may postpone such meeting one or more times for any reason to a date not more than ninety (90) days beyond the originally scheduled meeting date by giving notice to each Shareholder entitled to vote at the meeting so postponed of the place (which shall include a meeting held solely by means of remote communications), date and hour at which such meeting will be held. Such notice shall be given not fewer than two (2) days before the date of such meeting. No new record date need be fixed for any meeting that is postponed and/or adjourned as provided in this Section. If, after a postponement or adjournment, a new record date is fixed for the postponed or adjourned meeting, the Secretary shall give notice of the postponed or adjourned meeting to Shareholders of record entitled to vote at such meeting. If a quorum is present with respect to any one or more proposals, the chairman of the meeting may, but shall not be required to, cause a vote to be taken with respect to any such proposal or proposals which vote can be certified as final and effective notwithstanding the adjournment of the meeting with respect to any other proposal or proposals. Except when a larger greater or lesser vote is required by the 1940 Act, this Declaration or Declaration, the By-Laws, or a resolution of the Trustees (which shall include a majority of the Shares Continuing Trustees) specifying a greater or lesser vote requirement for the transaction of any item of business at any meeting of Shareholders, a majority of the Outstanding Securities voting at a Shareholders’ meeting in person or by proxy shall decide any matters to be voted upon with respect to the entire Trust and a plurality of such Shares Outstanding Securities shall elect a Trustee; provided, that if this Declaration or applicable law permits or requires that Shares or Preferred Securities, or both, be voted on any matter by individual Series or Classes, then a majority of the Shares or Preferred Securities, or both, of that Series or Class (or, if required by law, a majority of the Shares or Preferred Securities, or both, outstanding and entitled to vote of that Series or Class) voting at a Shareholders’ the meeting in person or by proxy on the matter shall decide that matter insofar as that Series or Class is concerned.