Common use of Required Approval Clause in Contracts

Required Approval. This plan shall not take effect until it, together with any related agreement, has been approved by a vote of at least a majority of the Fund’s Trustees as well as a vote of at least a majority of the Trustees of the Fund who are not interested persons (as defined in the Act) of the Fund and who have no direct or indirect financial interest in the operation of this Plan or in any related agreement (the “Disinterested Trustees”), cast in person at a meeting called for the purpose of voting on this Plan or any related agreement.

Appears in 15 contracts

Samples: Phoenix Equity Series Fund (Phoenix Equity Series Fund), Phoenix Equity Trust (Phoenix Equity Trust), Phoenix Investment Series Fund (Phoenix Investment Series Fund)

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Required Approval. This plan shall not take effect until it, together with any related agreement, has been approved by a vote of at least a majority of the Fund’s Trustees as well as a vote of at least a majority of the Trustees of the Fund who are not interested persons (as defined in the Act) of the Fund and who have no direct or indirect financial interest in the operation of this Plan or in any related agreement (the “Disinterested Trustees”), cast in person at a meeting called for the purpose of voting on this Plan or any related agreementagreement and this Plan.

Appears in 13 contracts

Samples: Phoenix Series Fund (Phoenix Series Fund), Virtus Variable Insurance Trust (Virtus Variable Insurance Trust), Virtus Variable Insurance Trust (Virtus Variable Insurance Trust)

Required Approval. This plan shall not take effect until it, together with any related agreement, has been approved by a vote of at least a majority of the Fund’s 's Trustees as well as a vote of at least a majority of the Trustees of the Fund who are not interested persons (as defined in the Act) of the Fund and who have no direct or indirect financial interest in the operation of this Plan or in any related agreement (the "Disinterested Trustees"), cast in person at a meeting called for the purpose of voting on this Plan or any related agreementagreement and this Plan.

Appears in 8 contracts

Samples: Virtus Retirement Trust (Virtus Retirement Trust), Virtus Equity Trust (Virtus Equity Trust), Virtus Alternative Solutions Trust (Virtus Alternative Solutions Trust)

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Required Approval. This plan shall not take effect until it, together with any related agreement, has been approved by a vote of at least a majority of the Fund’s 's Trustees as well as a vote of at least a majority of the Trustees of the Fund who are not interested persons (as defined in the Act) of the Fund and who have no direct or indirect financial interest in the operation of this Plan or in any related agreement (the "Disinterested Trustees"), cast in person at a meeting called for the purpose of voting on this Plan or any related agreement.

Appears in 6 contracts

Samples: Virtus Opportunities Trust (Virtus Opportunities Trust), Phoenix Asset Trust, Phoenix Investment Trust 06

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