Common use of EXEMPTION FROM OWNERSHIP RESTRICTIONS Clause in Contracts

EXEMPTION FROM OWNERSHIP RESTRICTIONS. Pursuant to Article V, Sections 2.7(a)-(b) of the Declaration of Trust, for any Person who holds Preferred Shares, the share ownership restrictions contained in Article V, Sections 2.1(a)(i)-(ii) of the Declaration of Trust shall be computed as though all Preferred Shares were not issued and outstanding.

Appears in 16 contracts

Samples: Bylaws (RMR Real Estate Income Fund), Bylaws (RMR Dividend Capture Fund), Bylaws (RMR Real Estate Income Fund)

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EXEMPTION FROM OWNERSHIP RESTRICTIONS. Pursuant to Article V, Sections 2.7(a)-(b) of the Declaration of Trust, for the Preferred Shares held by any Person who holds Preferred Shares, shall not be taken into account in the calculation of the share ownership restrictions contained set forth in Article V, Sections 2.1(a)(i)-(ii2(a)(i)-(ii) of the Declaration of Trust shall be computed as though all Preferred Shares were not issued and outstandingTrust.

Appears in 1 contract

Samples: Bylaws (RMR Real Estate Fund)

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EXEMPTION FROM OWNERSHIP RESTRICTIONS. Pursuant to Article V, Sections 2.7(a)-(b) of the Declaration of Trust, for any Person who holds Preferred Shares, the share ownership restrictions contained in Article V, Sections 2.1(a)(i)-(ii) of the Declaration of Trust shall be computed as though all Preferred Shares were not issued and outstanding.. PART II

Appears in 1 contract

Samples: Bylaws (RMR Dividend Capture Fund)

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