Common use of Access to List of Beneficiaries’ Names and Addresses Clause in Contracts

Access to List of Beneficiaries’ Names and Addresses. The Trustee will furnish or cause to be furnished by the Registrar, to the Administrator or the Paying Agent, within five Business Days after receipt by the Trustee of a request therefor from the Administrator or the Paying Agent, respectively, in writing, a list in such form as the Administrator or the Paying Agent may reasonably require, of the names and addresses of the Beneficiaries. If three or more Beneficiaries (the “Applicants”) representing Units in the Trust aggregating not less than 5% of the outstanding Units apply in writing to the Trustee, and such application states that the Applicants desire to communicate with other Beneficiaries with respect to their rights under this Agreement and is accompanied by a copy of the communication which such Applicants propose to transmit, then the Trustee, after having been adequately indemnified by such Applicants for its costs and expenses, shall afford or shall cause the Registrar to afford such Applicants access during normal business hours to the most recent list of Beneficiaries held by the Trustee, within thirty Business Days after the receipt of such application. Such list shall be as of a date no more than 30 days prior to the date of receipt of such Applicants’ request. Neither the Trustee nor the Registrar, nor any of their respective agents shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Beneficiaries hereunder, regardless of the source from which such information was derived.

Appears in 4 contracts

Samples: Trust Agreement (Planet Polymer Technologies Inc), Trust Agreement (Planet Polymer Technologies Inc), Trust Agreement (Planet Polymer Technologies Inc)

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Access to List of Beneficiaries’ Names and Addresses. The Trustee will furnish or cause to be furnished by the Registrar, to the Administrator or the Paying Agent, within five Business Days after receipt by the Trustee of a request therefor from the Administrator or the Paying Agent, respectively, in writing, a list in such form as the Administrator or the Paying Agent may reasonably require, of the names and addresses of the Beneficiaries. If three or more Beneficiaries (the "Applicants") representing Units in the Trust aggregating not less than 5% of the outstanding Units apply in writing to the Trustee, and such application states that the Applicants desire to communicate with other Beneficiaries with respect to their rights under this Agreement and is accompanied by a copy of the communication which such Applicants propose to transmit, then the Trustee, after having been adequately indemnified by such Applicants for its costs and expenses, shall afford or shall cause the Registrar to afford such Applicants access during normal business hours to the most recent list of Beneficiaries held by the Trustee, within thirty Business Days after the receipt of such application. Such list shall be as of a date no more than 30 days prior to the date of receipt of such Applicants' request. Neither the Trustee nor the Registrar, nor any of their respective agents shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Beneficiaries hereunder, regardless of the source from which such information was derived.

Appears in 1 contract

Samples: Trust Agreement (Planet Technologies, Inc)

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