Common use of Meetings by Telephone Clause in Contracts

Meetings by Telephone. Subject to any applicable requirements of the Investment Company Act: (i) any meeting, regular, or special, of the Board (or any committee) may be held by conference telephone or similar communications equipment, by means of which all persons participating in the meeting can hear each other at the same time, and participation by such means shall constitute presence in person at a meeting; and (ii) at all meetings of the Directors, every Director shall be entitled to vote by proxy, provided that such proxy shall, before or after such meeting, be delivered to the secretary or other person responsible for recording the proceedings of such meeting. To the extent permitted by the Investment Company Act, a Director may provide any proxy through written, electronic, telephonic, computerized, facsimile, telecommunications, telex, or by any other form of communication.

Meetings by Telephone. Subject to any applicable requirements of the Investment Company Act: , (i) any meeting, regular, regular or special, of the Board (or any committee) may be held by conference telephone or similar communications equipment, by means of which all persons participating in the meeting can hear each other at the same time, and participation by such means shall constitute presence in person at a meeting; meeting and (ii) at all meetings of the Directors, every Director shall be entitled to vote by proxy, provided that such proxy shall, before or after such meeting, be delivered to the secretary or other person responsible for recording the proceedings of such meeting. To the extent permitted by the Investment Company ActCompany, a Director may provide any proxy through written, electronic, telephonic, computerized, facsimile, telecommunications, telex, telex or by any other form of communication.