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 Series Fund (Phoenix Series Fund), Phoenix Investment Series Fund (Phoenix Investment Series Fund), Phoenix Investment Trust (Phoenix Investment Trust 97)

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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: Virtus Variable Insurance Trust (Virtus Variable Insurance Trust), 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 Alternative Solutions Trust (Virtus Alternative Solutions Trust), Virtus Equity Trust (Virtus Equity 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.

Appears in 6 contracts

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

Appears in 4 contracts

Samples: Virtus Asset Trust (Virtus Asset Trust), Virtus Asset Trust (Virtus Asset Trust), Virtus Asset Trust (Virtus Asset Trust)

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