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 and this Plan shall not take effect with respect to the Fund until it has been approved by a vote of at least a majority of the outstanding voting Class B shares (as such phrase is defined in the Act).

Appears in 19 contracts

Samples: Phoenix Goodwin Multi (Phoenix Goodwin Multi Sector Fixed Income Fund Inc), Phoenix Multi (Phoenix Multi Sector Short Term Bond Fund), Phoenix Multi (Phoenix Multi Sector Fixed Income Fund Inc)

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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 agreement and this Plan shall not take effect with respect to the Fund until it has been approved by a vote of at least a majority of the outstanding voting Class B A shares (as such phrase is defined in the Act).

Appears in 13 contracts

Samples: Phoenix Investment Trust (Phoenix Investment Trust 97), Phoenix Multi (Phoenix Multi Sector Fixed Income Fund Inc), Phoenix Multi (Phoenix Multi Sector Short Term Bond 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 Plan shall not take effect with respect to the Fund until it has been approved by a vote of at least a majority of the outstanding voting Class B C shares (as such phrase is defined in the Act).

Appears in 9 contracts

Samples: Phoenix Multi (Phoenix Multi Sector Short Term Bond Fund), Phoenix Investment Trust (Phoenix Investment Trust 97), Phoenix Multi (Phoenix Multi Sector Fixed Income Fund Inc)

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 shall not take effect with respect to the Fund until it has been approved by a vote of at least a majority of the outstanding voting Class B M shares (as such phrase is defined in the Act).

Appears in 7 contracts

Samples: Phoenix Multi (Phoenix Multi Sector Fixed Income Fund Inc), Phoenix Series Fund (Phoenix Series Fund), Phoenix Strategic (Phoenix Strategic Equity 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 FundTrust's Trustees as well as a vote of at least a majority of the Trustees of the Fund Trust who are not interested persons (as defined in the Act) of the Fund Trust 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 shall not take effect with respect to the Fund Trust until it has been approved by a vote of at least a majority of the outstanding voting Class B C shares (as such phrase is defined in the Act).

Appears in 3 contracts

Samples: Phoenix Partner Select Funds, Phoenix Oakhurst Strategic Allocation Fund, Phoenix Oakhurst Strategic Allocation 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 Plan shall not take effect with respect to the Fund until it has been approved by a vote of at least a majority of the outstanding voting Class B Y shares (as such phrase is defined in the Act).

Appears in 2 contracts

Samples: Phoenix (Phoenix Duff & Phelps Institutional Mutual Funds), Phoenix (Phoenix Duff & Phelps Institutional Mutual Funds)

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 shall not take effect with respect to the Fund until it has been approved by a vote of at least a majority of the outstanding voting Class B ___ shares (as such phrase is defined in the Act).

Appears in 2 contracts

Samples: Phoenix Equity Series Fund, Phoenix Strategic Equity Series Fund

Required Approval. This Plan shall not take effect until it, together with any related agreementthe Underwriting 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 shall not take effect with respect to any Portfolio of the Fund until it has been approved by a vote of at least a majority of the outstanding voting Class B C shares of each Portfolio (as such phrase is defined in the Act).

Appears in 1 contract

Samples: Seneca Funds

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 Independent Trustees"), cast in person at a meeting called for the purpose of voting on this Plan or any related agreement and this Plan shall not take effect with respect to the Fund until it has been approved by a vote of at least a majority of the outstanding voting Class B A shares (as such phrase is defined in the Act).

Appears in 1 contract

Samples: Kayne Anderson Rudnick Mutual Funds

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Required Approval. This Plan 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 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 shall not take effect with respect to the Fund until it has been approved by a vote of at least a majority of the outstanding voting Class B A shares (as such phrase is defined in the Act).

Appears in 1 contract

Samples: Phoenix Strategic Equity Series Fund

Required Approval. This Plan shall not take effect until it, together with any related agreementthe Underwriting 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 shall not take effect with respect to any Portfolio of the Fund until it has been approved by a vote of at least a majority of the outstanding voting Class B shares of each Portfolio (as such phrase is defined in the Act).

Appears in 1 contract

Samples: Seneca Funds

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 FundTrust's Trustees as well as a vote of at least a majority of the Trustees of the Fund Trust who are not interested persons (as defined in the Act) of the Fund Trust 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 shall not take effect with respect to the Fund Trust until it has been approved by a vote of at least a majority of the outstanding voting Class B A shares (as such phrase is defined in the Act).

Appears in 1 contract

Samples: Phoenix Partner Select Funds

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 Funds Trustees as well as a vote of at least a majority of the Trustees of the Fund Funds who are not interested persons (as defined in the Act) of the Fund Funds 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 shall not take effect with respect to the Fund Funds until it has been approved by a vote of at least a majority of the outstanding voting Class B M shares (as such phrase is defined in the Act).

Appears in 1 contract

Samples: Phoenix Engemann Funds

Required Approval. This Plan 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 shall not take effect with respect to the Fund until it has been approved by a vote of at least a majority of the outstanding voting Class B A shares (as such phrase is defined in the Act).

Appears in 1 contract

Samples: Phoenix Equity Trust

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