Common use of Designation of Charitable Beneficiaries Clause in Contracts

Designation of Charitable Beneficiaries. By written notice to the Trustee, the Corporation shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Trust such that the shares of Capital Stock held in the Trust would not violate the restrictions set forth in Article NINTH (b)(1)(i) in the hands of such Charitable Beneficiary.

Appears in 4 contracts

Samples: Merger Agreement (Walter Industries Inc /New/), Merger Agreement (Hanover Capital Mortgage Holdings Inc), Merger Agreement (Walter Industries Inc /New/)

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Designation of Charitable Beneficiaries. By written notice to the TrusteeDisposition Trustees, the Corporation Trust shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Disposition Trust such that the shares of Capital Stock Shares held in the Disposition Trust would not violate the restrictions set forth in Article NINTH (b)(1)(iSection 10(b)(i) in the hands of such Charitable Beneficiary.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Dividend Capital Enhanced Income Fund), Agreement and Declaration of Trust (Dividend Capital Strategic Global Realty Fund)

Designation of Charitable Beneficiaries. By written notice to the Trustee, the Corporation shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Trust such that the shares of Capital Stock held in the Trust would not violate the restrictions set forth in Article NINTH (b)(1)(iSection 7.2.1(a) in the hands of such Charitable Beneficiary.

Appears in 1 contract

Samples: Merger Agreement (Aames Investment Corp)

Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Corporation Partnership shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that the shares of Capital Stock (i) Units held in the Charitable Trust would not violate the restrictions set forth in Article NINTH (b)(1)(i) in the hands of such Charitable Beneficiary.Ownership Limitation and A-45

Appears in 1 contract

Samples: Limited Partnership Agreement (HMC Merger Corp)

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Designation of Charitable Beneficiaries. By written notice to the Trustee, the Corporation shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Trust such that the shares of Capital Stock held in the Trust would not violate the restrictions set forth in Article NINTH clause (b)(1)(ib)(i)(A) of this ARTICLE SIXTH in the hands of such Charitable Beneficiary.

Appears in 1 contract

Samples: Framework Agreement (NRDC Acquisition Corp.)

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