Effective Date, Term and Approval. This Agreement shall become effective with respect to a Fund, if approved by the shareholders of such Fund, on the Effective Date for such Fund, as set forth in Appendix I attached hereto. If so approved, this Agreement shall thereafter continue in force and effect with respect to a Fund for two years, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually: (a) (i) by the Fund's Board of Trustees/Directors or (ii) by the vote of "a majority of the outstanding voting securities" of such Fund (as defined in Section 2(a)(42) of the ▇▇▇▇ ▇▇▇); and (b) by the affirmative vote of a majority of the Fund's directors/trustees who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors/trustees of the Fund), by votes cast in person at a meeting specifically called for such purpose.
Appears in 9 contracts
Sources: Investment Advisory Agreement (Invesco Quality Municipal Investment Trust), Investment Advisory Agreement (Invesco Insured Municipal Trust), Investment Advisory Agreement (Invesco Insured Municipal Income Trust)
Effective Date, Term and Approval. This Agreement shall become effective with respect to a Fund, if approved by the shareholders of such Fund, on the Effective Date for such Fund, as set forth in Appendix I attached hereto. If so approved, this Agreement shall thereafter continue in force and effect with respect to a Fund for two years, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually:
(a) (i) by the Fund's Board of Trustees/Directors or (ii) by the vote of "a majority of the outstanding voting securities" of such Fund (as defined in Section 2(a)(42) of the ▇▇▇▇ ▇▇▇1940 Act); and
(b) by the affirmative vote of a majority ▇ ▇▇▇▇▇▇ty of the Fund's directors/trustees who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇1940 Act) of a party to this Agreement (other than as directorsa▇ ▇▇▇▇▇▇ors/trustees of the Fund), by votes cast in person at a meeting specifically called for such purpose.
Appears in 4 contracts
Sources: Investment Advisory Agreement (Invesco California Quality Municipal Securities), Investment Advisory Agreement (Invesco California Insured Municipal Income Trust), Investment Advisory Agreement (Invesco Quality Municipal Income Trust)
Effective Date, Term and Approval. This Agreement shall become effective with respect to a Fund, if approved by the shareholders of such Fund, on the Effective Date for such Fund, as set forth in Appendix I attached hereto. If so approved, this Agreement shall thereafter continue in force and effect with respect to a Fund for two years, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually:
(a) (i) by the Fund's ’s Board of Trustees/Directors or (ii) by the vote of "“a majority of the outstanding voting securities" ” of such Fund (as defined in Section 2(a)(42) of the ▇▇▇▇ ▇▇▇); and
(b) by the affirmative vote of a majority of the Fund's ’s directors/trustees who are not parties to this Agreement or "“interested persons" ” (as defined in the ▇▇▇▇ ▇▇▇) of a party to this Agreement (other than as directors/trustees of the Fund), by votes cast in person at a meeting specifically called for such purpose.
Appears in 1 contract
Sources: Investment Advisory Agreement (Invesco Prime Income Trust)
Effective Date, Term and Approval. This Agreement shall become effective with respect to a Fund, if approved by the shareholders of such Fund, on the Effective Date for such Fund, as set forth in Appendix I attached hereto. If so approved, this Agreement shall thereafter continue in force and effect with respect to a Fund for two years, and may be continued from year to year thereafter, provided that the continuation of the Agreement is specifically approved at least annually:
(a) (i) by the Fund's Board of Trustees/Directors or (ii) by the vote of "a majority of the outstanding voting securities" of such Fund (as defined in Section 2(a)(42) of the ▇▇▇▇ ▇▇▇1940 Act); and
(b) by the affirmative vote of a majority ▇▇▇▇▇▇▇y of the Fund's directors/trustees who are not parties to this Agreement or "interested persons" (as defined in the ▇▇▇▇ ▇▇▇1940 Act) of a party to this Agreement (other than as directors▇▇▇▇▇▇▇rs/trustees of the Fund), by votes cast in person at a meeting specifically called for such purpose.
Appears in 1 contract
Sources: Investment Advisory Agreement (Invesco Prime Income Trust)