Common use of Meeting Called on Request of Beneficiaries Clause in Contracts

Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Trustee by Beneficiaries holding an aggregate of at least a majority of the total Units held by all Beneficiaries to call a meeting of all Beneficiaries, which written request shall specify in reasonable detail the action proposed to be taken, the Trustee shall proceed under the provisions of Section 12.2 to call a meeting of the Beneficiaries, and if the Trustee fails to call such meeting within such 30 day period then such meeting may be called by such Beneficiaries, or their designated representatives, requesting such meeting.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Mission West Properties Inc), Liquidating Trust Agreement (Genaera Corp), Liquidating Trust Agreement (Amv Liquidating Trust)

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Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Trustee Trustees by Beneficiaries holding an aggregate of at least a majority 25% of the total Units held by all Beneficiaries to call a meeting of all BeneficiariesBeneficiaries (but only to transact business permitted by Section 10.01 hereof), which written request shall specify in reasonable detail the action proposed to be taken, the Trustee Trustees shall proceed under the provisions of Section 12.2 10.02 to call a meeting of the Beneficiaries, and if the Trustee fails Trustees fail to call such meeting within such 30 30-day period then such meeting may be called by such Beneficiaries, or their designated representatives, requesting such meeting.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (NorthStar Real Estate Income II, Inc.), Limited Liability Company Agreement (Colony NorthStar, Inc.), Limited Liability Company Agreement (NorthStar Real Estate Income II, Inc.)

Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Trustee Trustees by Beneficiaries holding an aggregate of at least a majority of the total Units held by all Beneficiaries to call a meeting of all Beneficiaries, which written request shall specify in reasonable detail the action proposed to be taken, the Trustee Trustees shall proceed under the provisions of Section 12.2 to call a meeting of the Beneficiaries, and if the Trustee fails Trustees fail to call such meeting within such 30 day period then such meeting may be called by such Beneficiaries, or their designated representatives, requesting such meeting.

Appears in 2 contracts

Samples: Liquidating Trust Agreement (Winthrop Realty Trust), Liquidating Trust Agreement (BPP Liquidating Trust)

Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Trustee by Beneficiaries holding an aggregate of at least a majority of the total Units held by all Beneficiaries to call a meeting of all Beneficiaries, which written request shall specify in reasonable detail the action actions proposed to be takentaken at such meeting, the Trustee shall proceed under the provisions of Section 12.2 7.2 to call a meeting of the Beneficiaries, and if the Trustee fails to call such meeting within such 30 day period then such meeting may be called by such Beneficiaries, or their designated representatives, requesting such meeting.

Appears in 2 contracts

Samples: Liquidating Trust Agreement, Liquidating Trust Agreement (Remec Inc)

Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Trustee Trustees by Beneficiaries holding an aggregate of at least a majority of the total Units held by all Beneficiaries to call a meeting of all Beneficiaries, which written request shall specify in reasonable detail the action proposed to be taken, the Trustee Trustees shall proceed under the provisions of Section 12.2 to call a meeting of the Beneficiaries, and if the Trustee fails Trustees fail to call such meeting within such 30 day period then such meeting may be called by such Beneficiaries, or their designated representatives, requesting such meeting.. 12.4

Appears in 1 contract

Samples: Liquidating Trust Agreement Agreement

Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Trustee by Beneficiaries holding an aggregate of at least a majority of the total Units held by all Beneficiaries to call a meeting of all Beneficiaries, which written request shall specify in reasonable detail the action proposed to be taken, the Trustee shall proceed under the provisions of Section 12.2 to call a meeting of the Beneficiaries, and if the Trustee fails fail to call such meeting within such 30 day period then such meeting may be called by such Beneficiaries, or their designated representatives, requesting such meeting.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Advanced Switching Communications Inc)

Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Trustee Trustees by Beneficiaries holding an aggregate of at least a majority 25% of the total Units held by all Beneficiaries to call a meeting of all BeneficiariesBeneficiaries (but only to transact business permitted by Section 10.1 hereof), which written request shall specify in reasonable detail the action proposed to be taken, the Trustee Trustees shall proceed under the provisions of Section 12.2 10.2 to call a meeting of the Beneficiaries, and if the Trustee fails Trustees fail to call such meeting within such 30 30-day period then such meeting may be called by such Beneficiaries, or their designated representatives, requesting such meeting.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (DC Industrial Liquidating Trust)

Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Trustee by Beneficiaries holding an aggregate of at least a majority more than two-thirds of the total Units held by all Beneficiaries to call a meeting of all Beneficiaries, which written request shall specify in reasonable detail the action proposed to be taken, the Trustee shall proceed under the provisions of Section 12.2 to call a meeting of the Beneficiaries, and if the Trustee fails to call such meeting within such 30 day period then such meeting may be called by such Beneficiaries, or their designated representatives, requesting such meeting.

Appears in 1 contract

Samples: Trust Agreement (Fab Industries Inc)

Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Trustee Trustees by Beneficiaries holding an aggregate of at least a majority 25% of the total Units held by all Beneficiaries to call a meeting of all Beneficiaries, which written request shall specify in reasonable detail the action proposed to be taken, the Trustee Trustees shall proceed under the provisions of Section 12.2 to call a meeting of the Beneficiaries, and if the Trustee fails Trustees fail to call such meeting within such 30 day period then such meeting may be called by such Beneficiaries, or their designated representatives, requesting such meeting.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (G REIT Liquidating Trust)

Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Trustee Board by Beneficiaries holding an aggregate of having, in aggregate, at least a majority 25% of the total Units held by all Beneficiaries to call a meeting of all Beneficiaries, which written request shall specify in reasonable detail the action proposed to be taken, the Trustee Board shall proceed under the provisions of Section 12.2 10.2 hereof to call a meeting of the Beneficiaries, and if the Trustee Board fails to call such meeting within such 30 30-day period then such meeting may be called by such Beneficiaries, or their designated representativesrepresentative, requesting such meeting.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (HGR Liquidating Trust)

Meeting Called on Request of Beneficiaries. Within 30 45 days after written request to the Trustee by Beneficiaries holding an aggregate of at least a majority of the total Units held by all Beneficiaries to call a meeting of all Beneficiaries, which written request shall specify in reasonable detail the action proposed to be taken, the Trustee shall proceed under the provisions of Section 12.2 to call a meeting of the Beneficiaries, and if the Trustee fails to call such meeting within such 30 45 day period then such meeting may be called by such Beneficiaries, or their designated representatives, requesting such meeting.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Xcorporeal, Inc.)

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Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Trustee Trustees by Beneficiaries holding having an aggregate Beneficial Interest of at least a majority of the total Units held by all Beneficiaries one-third to call a meeting of all the Beneficiaries, which written request shall specify in reasonable detail the action proposed to be taken, the Trustee Trustees shall proceed under the provisions of Section 12.2 to call a meeting of the Beneficiaries, and if the Trustee fails Trustees fail to call such meeting within such 30 30-day period then such meeting may be called by such Beneficiaries, Beneficiaries having an aggregate Beneficial Interest of at least one-third or their designated representatives, requesting such meetingrepresentative.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Petrie Stores Corp)

Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Managing Trustee by Beneficiaries holding an aggregate of at least a majority ten percent (10%) of the total Units held by all Beneficiaries to call a meeting of all Beneficiaries, which written request shall specify in reasonable detail the action proposed to be taken, the Managing Trustee shall proceed under the provisions of Section 12.2 13.2 of this Agreement to call a meeting of the Beneficiaries, and if the Managing Trustee fails to call such meeting within such 30 day period then such meeting may be called by such Beneficiaries, or their designated representatives, requesting such meeting.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Malan Realty Investors Inc)

Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Trustee Trustees by Beneficiaries holding having an aggregate Beneficial Interest of at least a majority of the total Units held by all Beneficiaries 50% to call a meeting of all the Beneficiaries, which written request shall specify in reasonable detail the action proposed to be taken, the Trustee Trustees shall proceed under the provisions of Section 12.2 to call a meeting of the Beneficiaries, and if the Trustee fails Trustees fail to call such meeting within such 30 30- day period then such meeting may be called by such Beneficiaries, Beneficiaries having an aggregate Beneficial Interest of at least one-third or their designated representatives, requesting such meetingrepresentative.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Microcap Fund Inc)

Meeting Called on Request of Beneficiaries. Within 30 thirty (30) days after written request to the Trustee Trustees by Beneficiaries holding an aggregate of at least a majority twenty-five percent (25%) of the total Units held by all Beneficiaries to call a meeting of all BeneficiariesBeneficiaries (but only to transact business permitted by Section 10.01), which written request shall specify in reasonable detail the action proposed to be taken, the Trustee Trustees shall proceed under the provisions of Section 12.2 10.02 to call a meeting of the Beneficiaries, and if the Trustee fails Trustees fail to call such meeting within such 30 day thirty (30)-day period then such meeting may be called by such Beneficiaries, or their designated representatives, requesting such meeting.

Appears in 1 contract

Samples: Acceptance and Assumption Agreement (N1 Liquidating Trust)

Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Trustee by Beneficiaries holding an aggregate of at least a majority 33% of the total Units held by all Beneficiaries to call a meeting of all Beneficiaries, which written request shall specify in reasonable detail the action proposed to be takendiscussed, the Trustee shall proceed under the provisions of Section 12.2 to call a meeting of the Beneficiaries, and if the Trustee fails to call such meeting within such 30 day period then such meeting may be called by such Beneficiaries, or their designated representatives, requesting such meeting.

Appears in 1 contract

Samples: Liquidating Trust Agreement (All American Group Inc)

Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Trustee by Beneficiaries holding an aggregate of at least a majority of the total Units held by all Beneficiaries Beneficial Interests to call a meeting of all Beneficiaries, which written request shall specify in reasonable detail the action proposed to be taken, the Trustee shall proceed under the provisions of Section 12.2 10.2 to call a meeting of the Beneficiaries, and if the Trustee fails to call such meeting within such 30 day period then such meeting may be called by such Beneficiaries, or their designated representatives, requesting such meeting.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Trimaine Holdings Inc)

Meeting Called on Request of Beneficiaries. Within 30 days after written request to the Trustee Trustees by Beneficiaries holding an aggregate of at least a majority of the total Units held by all Beneficiaries to call a meeting of all BeneficiariesBeneficiaries (but only to transact business permitted by Section 10.1 hereof), which written request shall specify in reasonable detail the action proposed to be taken, the Trustee Trustees shall proceed under the provisions of Section 12.2 10.2 to call a meeting of the Beneficiaries, and if the Trustee fails to call such meeting within such 30 day period then such meeting may be called by such Beneficiaries, or their designated representatives, requesting such meeting.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Crossroads Capital, Inc.)

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