Common use of Charitable Trustee Clause in Contracts

Charitable Trustee. The term "Charitable Trustee" shall mean a Person unaffiliated with the Trust and unaffiliated with the Prohibited Owner, that is appointed by a majority of the Trustees to serve as trustee of the Charitable Trust.

Appears in 15 contracts

Samples: Trust Agreement (RMR Dividend Capture Fund), Agreement and Declaration of Trust (RMR Real Estate Income Fund), Agreement and Declaration of Trust (RMR Healthcare Growth & Income Fund)

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Charitable Trustee. The term "Charitable Trustee" shall mean a Person unaffiliated with the Trust and unaffiliated with the Prohibited Owner, that is appointed by a majority of the Trustees to serve as trustee of the Charitable Trust.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Overstreet Adrian Marcel), Agreement and Declaration of Trust (RMR Asia Real Estate Fund)

Charitable Trustee. The term "Charitable Trustee" shall mean a the Person unaffiliated with the Trust NXDT and unaffiliated with the a Prohibited Owner, Owner that is appointed by a majority of the Trustees NXDT to serve as trustee of the Charitable Trust.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Nexpoint Diversified Real Estate Trust), Trust Agreement

Charitable Trustee. The term "Charitable Trustee" shall mean a the Person unaffiliated with the Trust NHF and unaffiliated with the a Prohibited Owner, Owner that is appointed by a majority of the Trustees NHF to serve as trustee of the Charitable Trust.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (NexPoint Strategic Opportunities Fund)

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Charitable Trustee. The term "Charitable Trustee" shall mean a the Person unaffiliated with the Trust Corporation and unaffiliated with the a Prohibited Owner, that is appointed by a majority of the Trustees Corporation to serve as trustee of the Charitable Trust.

Appears in 1 contract

Samples: Merger Agreement (Carey Watermark Investors 2 Inc)

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