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 and this Plan.
Appears in 17 contracts
Sources: Distribution Plan (Virtus Global Credit Opportunities Fund), Distribution Plan (Virtus Global Credit Opportunities Fund), Distribution Plan (Virtus Global Credit Opportunities Fund)
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 and this Planagreement.
Appears in 15 contracts
Sources: Distribution Plan (Phoenix Equity Series Fund), Distribution Plan (Phoenix Equity Trust), Distribution Plan (Phoenix Series Fund)
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 and this Plan.
Appears in 8 contracts
Sources: Distribution Plan (Virtus Opportunities Trust), Distribution Plan (Virtus Retirement Trust), Distribution Plan (Virtus Alternative Solutions 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 agreement and this Planagreement.
Appears in 6 contracts
Sources: Distribution Plan (Virtus Opportunities Trust), Distribution Plan (Phoenix Investment Trust 06), Distribution Plan (Phoenix Asset Trust)