Common use of Trustee Action by Written Consent Clause in Contracts

Trustee Action by Written Consent. Unless provided otherwise in this Declaration and except as required under the 1940 Act, any action which may be taken by Trustees by vote may be authorized or taken without a meeting if the Trustees, or members of a committee, as the case may be, having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all Trustees, or members of a committee, as the case may be, entitled to vote thereon were present and voted, consent to the action in writing and the written consents are filed with the records of the meetings of Trustees. Such consent shall be treated for all purposes as a vote taken at a meeting of Trustees.

Trustee Action by Written Consent. Unless provided otherwise in this Declaration and except as required under the 1940 Act, any Any action which may be taken by Trustees by vote may be authorized or taken without a meeting if that number of the Trustees, or members of a committee, as the case may be, having not less than the minimum number required for approval of votes that would be necessary to authorize or take such action at a meeting at which all Trustees, of the Trustees or members of a committee, as the case may be, entitled to vote thereon were present and voted, such committee consent to the action in writing and the written consents are filed with the records of the meetings of Trustees; provided, however, this Section does not apply to any action of the Trustees pursuant to the Investment Company Act that requires the vote of the Trustees to be cast in person at a meeting. Such Subject to the limitations set forth in this Section, such consent shall be treated for all purposes as a vote taken at a meeting of Trustees.