Managing Trustees. The initial Managing Trustees shall be the signatories hereto as Managing Trustees. The Managing Trustees, from time to time, may fix the number of Trustees within the range established in this Agreement, and may change the range in the authorized number of Trustees; provided, however, that the lower end of the authorized range shall not be fewer than three. Subject to the provisions of Section 3.3, each Managing Trustee shall hold office for a term of one year or until the appointment and qualification of his successor. At each annual meeting of the Beneficiary, the Beneficiary shall appoint successors to the Managing Trustees, unless the number of Managing Trustees is then being reduced. Managing Trustees may be reappointed without limit as to the number of times. The Managing Trustees shall be individuals at least 21 years of age who are not under legal disability. Unless otherwise required by law or by action of the Managing Trustees, no Managing Trustee shall be required to give bond, surety, or security in any jurisdiction for the performance of any duties or obligations hereunder. Under no circumstances may the Beneficiary serve as a Managing Trustee. The Managing Trustees in their capacity as Managing Trustees shall not be required to devote their entire time to the business and affairs of the Trust.
Managing Trustees. Managing Trustees shall mean Xxxxx X. XxXxxx, Xxxxxxx X. Xxxxxx, and Xxxxxx X. Xxxxx in their capacity as Managing Trustees under this Agreement or any successor thereto.
Managing Trustees. “Managing Trustees” shall mean Trustees who are not Independent Trustees and who have been employees, officers or directors of the investment advisor of the Trust or involved in the day-to-day activities of the Trust during the one year prior to their election. If at any time the Board of Trustees shall not be comprised of a majority of Independent Trustees, the Board of Trustees shall take such actions as will cure such condition; provided that the fact that the Board of Trustees does not have a majority of Independent Trustees or has not taken such action at any time or from time to time shall not affect the validity of any action taken by the Board of Trustees. If at any time the Board of Trustees shall not be comprised of a number of Managing Trustees as is required under this Section 2.2, the Board of Trustees shall take such actions as will cure such condition; provided that the fact that the Board of Trustees does not have the requisite number of Managing Trustees or has not taken such action at any time or from time to time shall not affect the validity of any action taken by the Board of Trustees.
Managing Trustees. Name: ---------------------------------------- Name: ---------------------------------------- Name: ---------------------------------------- Name: ---------------------------------------- Name: REGISTERED TRUSTEE: WILMINGTON TRUST COMPANY By: ------------------------------------ Name: Title:
Managing Trustees. Name: Stuart J. Boesky Name: Marc D. Schnitzer ------------------------------ ------------------------------ Name: Nathan Gantcher Name: Thomas W. White ------------------------------ ------------------------------ Name: Jerome Y. Halpern Name: Peter T. Allen ------------------------------ ------------------------------ Name: Robert L. Loverd Name: Jeff T. Blau ------------------------------ ------------------------------ Name: Stephen M. Ross Name: Arthur P. Fisch ------------------------------ ------------------------------ Name: Charles L. Edson Name: Denise L. Kiley ------------------------------ ------------------------------ Name: Alan P. Hirmes Name: Robert A. Meister ------------------------------ Name: Janice Cook Xxxxxxx REGISTERED XXXXXXX: WILMINGTON TRUST COMPANY By:_________________________________ Name: Title: APPENDIX A ---------- APPENDIX B ---------- APPENDIX C ---------- CHARTERMAC Second Amended and Restated Trust Agreement Dated: November 17, 2003 Table of Contents -----------------
Managing Trustees. (a) NUMBER. The Board of Trustees shall consist of not less than three nor more than sixteen Managing Trustees. Initially, the Trust shall have fifteen Managing Trustees, of which eight shall be Independent Trustees. As long as Xxxxxx X. Xxxxx is on the Board of Trustees, a majority of the Board of Trustees by at least one Managing Trustee must be Independent Trustees. Upon Xxxxxx X. Xxxxx'x ceasing to serve as a Managing Trustee for any reason, including by reason of his resignation or removal or otherwise, and at all times thereafter, a majority of the Board of Trustees by at least two Managing Trustees must be Independent Trustees (E.G. if the total number of Managing Trustees is nine, Independent Trustees must comprise at least six members of the Board of Trustees). The total number of Managing Trustees may be increased or decreased pursuant to the Bylaws, but shall never be less than the minimum number, if any, required by the Trust Act nor more than sixteen.
Managing Trustees. 9 SECTION 3.1. General.....................................................................................9 SECTION 3.2. Specific Powers and Authority..............................................................10 SECTION 3.3. Restrictions...............................................................................12 SECTION 3.4.
Managing Trustees. Name: -------------------------------------------- Name: -------------------------------------------- Name: -------------------------------------------- Name: -------------------------------------------- Name: REGISTERED TRUSTEE: WILMINGTON TRUST COMPANY By: ---------------------------------------- Name: Title: ACKNOWLEDGED AND CONSENTED TO: RELATED CAPITAL COMPANY By: SJB Associates, L.P. as general partner By: SJB Associates, Inc. as general partner By: ------------------------ Name: Xxxxxx X. Xxxxxx Title: President 44 CHARTER MUNICIPAL MORTGAGE ACCEPTANCE COMPANY Amended and Restated Trust Agreement Dated: September 30, 1997 TABLE OF CONTENTS Page 1. ORGANIZATION...........................................................1
Managing Trustees. The initial Managing Trustee shall be the Managing Trustee executing this Agreement. The Managing Trustee may from time to time fix the number of Trustees within the range established in this Agreement and may change the range in the authorized number of Managing Trustees so long as there is never less than one Managing Trustee. The Managing Trustees shall be individuals at least 21 years of age who are not under legal disability. The Managing Trustees in their capacity as Managing Trustees shall not be required to devote their entire time to the business and affairs of the Trust.
Managing Trustees. (a) NUMBER. There shall be not less than three nor more than nine Managing Trustees, at least one of whom must be an Independent Trustee. Initially, the Trust shall have five Managing Trustees, which number may be increased or decreased pursuant to the By-laws but shall never be less than the minimum number, if any, required by the Trust Act nor more than nine.
