Common use of Meeting Called by Trustee Clause in Contracts

Meeting Called by Trustee. The Trustee may at any time call a meeting of the Beneficiaries to be held at such time and at such place as the Trustee shall determine. Written notice of every meeting of the Beneficiaries shall be given by the Trustee (except as provided in Section 12.3), which written notice shall set forth the time and place of such meeting and in general terms the action proposed to be taken at such meeting, and shall be mailed not more than 60 nor less than 10 days before such meeting is to be held to all of the Beneficiaries of record not more than 60 days before the date of such meeting. The notice shall be directed to the Beneficiaries at their respective addresses as they appear in the records of the Trust.

Appears in 5 contracts

Samples: Agreement and Declaration of Trust (T Reit Liquidating Trust), Liquidating Trust Agreement (Shelbourne Properties I Inc), Trust Agreement (Fab Industries Inc)

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