Common use of Board of Directors Meetings Clause in Contracts

Board of Directors Meetings. Investors Capital will prepare and mail all necessary Resolutions, Agenda, Powers of Attorney and other material in advance of each Board meeting, and will prepare and mail all Board written consents. Investors Capital will do a presentation to the Board of the status of all administrative and operations functions at each meeting. Investors Capital will coordinate other Vendor presentations to the Board when required. Investors Capital will pay all required directors' fees and expenses, from the Fund's accounts maintained with its custodian, on a timely and accurate basis.

Board of Directors Meetings. Investors Capital will prepare and mail all necessary Resolutions, Agenda, Powers of Attorney and other material in advance of each Board meetingMeeting, and will prepare and mail all Board written consents. Investors Capital will do a presentation to the Board of the status of all administrative and operations functions at each meeting. Investors Capital will coordinate other Vendor presentations to the Board when required. Investors Capital will pay all required directorsDirectors' fees and expenses, from the Fund's accounts maintained with its custodian, on a timely and accurate basis.