Examples of Managing Shareholder in a sentence
The amendment to the Certificate of Trust of the Statutory Trust set forth below (the "Amendment") has been duly authorized by the Managing Shareholder of the Statutory Trust.
The Managing Shareholder agrees to manage and control the affairs of the Trust to the best of its ability and to conduct the operations contemplated under this Declaration in a careful and prudent manner and in accordance with good industry practice.
If there are multiple Corporate Trustees, each is vested with an undivided interest in the trust estate and may exercise all powers vested in the Corporate Trustee as directed by the Managing Shareholder.
The execution by the Corporate Trustee, the Managing Shareholder or the officers on behalf of the Trust of leases, assignments, conveyances, contracts or agreements of any kind whatsoever shall be sufficient to bind the Trust.
Any officer may resign by delivering a written resignation to the Managing Shareholder and such resignation shall take effect upon delivery or as specified therein.