Limit on Number of Beneficial Owners. Notwithstanding anything to the contrary in this Trust Agreement, at no time shall the number of Beneficial Owners exceed 1,999 Persons. Any transfer that results in a violation of the preceding sentence shall, to the fullest extent permitted by law, be null, void and of no effect whatsoever.
Appears in 3 contracts
Samples: Trust Agreement (Black Creek Diversified Property Fund Inc.), Trust Agreement, Trust Agreement (Dividend Capital Diversified Property Fund Inc.)
Limit on Number of Beneficial Owners. Notwithstanding anything to the contrary in this Trust Agreement, at no time shall the number of Beneficial Owners exceed 1,999 Personsone thousand nine hundred ninety-nine (1,999). Any transfer that results in a violation of the preceding sentence shall, to the fullest extent permitted by law, be null, void void, and of no effect whatsoever.
Appears in 1 contract
Samples: Trust Agreement (Jones Lang LaSalle Income Property Trust, Inc.)
