Common use of Distribution of Trust Property by Vote of Unitholders Clause in Contracts

Distribution of Trust Property by Vote of Unitholders. Notwithstanding the provisions of section 14.1, if a Special Resolution is passed requiring that the Trustees distribute to the Unitholders all Trust Property, the Trustees will be bound and obligated to make such distribution to the Unitholders.

Distribution of Trust Property by Vote of Unitholders. ‌ Notwithstanding the provisions of section 14.1, if a an Special Resolution is passed requiring that the Trustees distribute to the Unitholders all Trust Property, the Trustees will be bound and obligated to make such distribution to the Unitholders.

Distribution of Trust Property by Vote of Unitholders. Notwithstanding the provisions of section 14.1Section 13.1, but subject to applicable law, if a there is an affirmative vote of Unitholders by Special Resolution is passed at a meeting called for that purpose requiring that the Trustees distribute to the Unitholders all Trust Property, the Trustees will be bound and obligated to make such distribution to the Unitholders.

Distribution of Trust Property by Vote of Unitholders. Notwithstanding the provisions of section 14.113.1, if there is an affirmative vote of at least two-thirds of the votes cast at a Special Resolution is passed meeting of Unitholders called for that purpose requiring that the Trustees distribute to the Unitholders all Trust Property, the Trustees will be bound and obligated to make such distribution to the Unitholders.