Initial Allocations. Each Series A Convertible CRA Shareholder shall provide to the Trust a certification of its Self-Defined Assessment Area. "Self-Defined Assessment Area" is the Series A Convertible CRA Shareholder's geographic self-defined assessment area or broader statewide or regional area that includes a Series A Convertible CRA Shareholder's self-defined assessment area for purposes of the CRA. Upon subscription for Series A Convertible CRA Shares, the Manager, on behalf of the Trust, shall notify the Series A Convertible CRA Shareholders of the CRA Credits allocated to such Shareholders' Series A Convertible CRA Shares based upon such Shareholder's Self-Defined Assessment Area. To the extent that upon the initial issuance of Series A Convertible CRA Shares by the Trust to a Series A Convertible CRA Shareholder, such Series A Convertible CRA Shareholder is not allocated the amount of Investments it has requested and is entitled to receive based on the initial purchase price paid for its Series A Convertible CRA Shares (an "Unallocated Shareholder"), the Trust shall use its commercially reasonable efforts to acquire Investments after such issuance that satisfy such Unallocated Shareholders' Self-Defined Assessment Area. An investor of Series A Convertible CRA Shares which is allocated the amount of Investments which it has requested and is entitled to receive based on the initial purchase price paid for its Series A Convertible CRA Shares is referred to as a "Fully Allocated Shareholder".
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Samples: Trust Agreement (Chartermac), Charter Municipal Mortgage Acceptance Co
Initial Allocations. Each Series A Convertible CRA Preferred Shareholder shall provide to the Trust a certification of its Self-Defined Self Certified Assessment Area. "Self-Defined Self Certified Assessment Area" is the Series A Convertible CRA Preferred Shareholder's geographic self-defined self certified assessment area or broader statewide or regional area that includes a Series A Convertible CRA Preferred Shareholder's self-defined self certified assessment area for purposes of the CRA. Upon subscription for Series A Convertible CRA Preferred Shares, the Manager, Manager on behalf of the Trust, Trust shall notify the Series A Convertible CRA Preferred Shareholders of the CRA Credits allocated to such Shareholders' Series A Convertible CRA Preferred Shares based upon such Shareholder's Self-Defined Self Certified Assessment Area. To the extent that upon the initial issuance of Series A Convertible CRA Preferred Shares by the Trust to a Series A Convertible CRA Preferred Shareholder, such Series A Convertible CRA Preferred Shareholder is not allocated the amount of Investments it has requested and is entitled to receive based on the initial purchase price paid for its Series A Convertible CRA Preferred Shares (an "Unallocated ShareholderUNALLOCATED SHAREHOLDER"), the Trust shall use its commercially reasonable efforts to acquire Investments after such issuance that satisfy such Unallocated Shareholders' Self-Defined Self Certified Assessment Area. An investor of Series A Convertible CRA Preferred Shares which is allocated the amount of Investments which it has requested and is entitled to receive based on the initial purchase price paid for its Series A Convertible CRA Preferred Shares is referred to as a "Fully Allocated Shareholder".
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Samples: Trust Agreement (Chartermac)
Initial Allocations. Each Series A Convertible CRA Preferred Shareholder shall provide to the Trust a certification of its Self-Defined Certified Assessment Area. "Self-Defined Certified Assessment Area" is the Series A Convertible CRA Preferred Shareholder's geographic self-defined certified assessment area or broader statewide or regional area that includes a Series A Convertible CRA Preferred Shareholder's self-defined certified assessment area for purposes of the CRA. Upon subscription for Series A Convertible CRA Preferred Shares, the Manager, Manager on behalf of the Trust, Trust shall notify the Series A Convertible CRA Preferred Shareholders of the CRA Credits allocated to such Shareholders' Series A Convertible CRA Preferred Shares based upon such Shareholder's Self-Defined Certified Assessment Area. To the extent that upon the initial issuance of Series A Convertible CRA Preferred Shares by the Trust to a Series A Convertible CRA Preferred Shareholder, such Series A Convertible CRA Preferred Shareholder is not allocated the amount of Investments it has requested and is entitled to receive based on the initial purchase price paid for its Series A Convertible CRA Preferred Shares (an "Unallocated Shareholder"), the Trust shall use its commercially reasonable efforts to acquire Investments after such issuance that satisfy such Unallocated Shareholders' Self-Defined Certified Assessment Area. An investor of Series A Convertible CRA Preferred Shares which is allocated the amount of Investments which it has requested and is entitled to receive based on the initial purchase price paid for its Series A Convertible CRA Preferred Shares is referred to as a "Fully Allocated Shareholder".
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Initial Allocations. Each Series A Convertible CRA Preferred Shareholder shall provide to the Trust a certification of its Self-Defined Certified Assessment Area. "Self-Defined Certified Assessment Area" is the Series A Convertible CRA Preferred Shareholder's geographic self-defined certified assessment area or broader statewide or regional area that includes a Series A Convertible CRA Preferred Shareholder's self-defined certified assessment area for purposes of the CRA. Upon subscription for Series A Convertible CRA Preferred Shares, the Manager, Manager on behalf of the Trust, Trust shall notify the Series A Convertible CRA Preferred Shareholders of the CRA Credits allocated to such Shareholders' Series A Convertible CRA Preferred Shares based upon such Shareholder's Self-Defined Certified Assessment Area. To the extent that upon the initial issuance of Series A Convertible CRA Preferred Shares by the Trust to a Series A Convertible CRA Preferred Shareholder, such Series A Convertible CRA Preferred Shareholder is not allocated the amount of Investments it has requested and is entitled to receive based on the initial purchase price paid for its Series A Convertible CRA Preferred Shares (an "Unallocated Shareholder"), the Trust shall use its commercially reasonable efforts to acquire Investments after such issuance that satisfy such Unallocated Shareholders' Self-Defined Certified Assessment Area. An investor of Series A Convertible CRA Preferred Shares which is allocated the amount of Investments which it has requested and is entitled to receive based on the initial purchase 915782.7 A-3 price paid for its Series A Convertible CRA Preferred Shares is referred to as a "Fully Allocated Shareholder".
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