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

Meeting Called on Request of Beneficiaries. Within thirty (30) days after written request to the Trustee by Beneficiaries holding Trust Units representing at least a majority of the aggregate Beneficial Interests to call a meeting of all of the 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 thirty (30) day period then such meeting may be called by Beneficiaries holding Trust Units representing at least a majority of the aggregate Beneficial Interests.

Meeting Called on Request of Beneficiaries. Within thirty (30) 30 days after written request to the Trustee by Beneficiaries holding Trust Units representing an aggregate of at least a majority 25% of the aggregate Beneficial Interests total Units held by all Beneficiaries to call a meeting of all of the 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 thirty (30) 30 day period then such meeting may be called by Beneficiaries holding Trust Units representing at least a majority of the aggregate Beneficial Interestssuch Beneficiaries, or their designated representatives, requesting such meeting.

Meeting Called on Request of Beneficiaries. Within thirty (30) 30 days after written request to the Trustee Trustees by Beneficiaries holding Trust Units representing having aggregate Beneficial Interests of at least a majority 25% of the aggregate Beneficial Interests to call a meeting of all of 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 thirty (30) 30- day period period, then such meeting may be called under the provisions of Section 12.2 by Beneficiaries holding Trust Units representing having aggregate Beneficial Interests of at least a majority 15% of the aggregate Beneficial InterestsInterests of all Beneficiaries or by their designated representative.

Meeting Called on Request of Beneficiaries. Within thirty (30) 30 days after written request to the Trustee by Beneficiaries holding Trust Units representing at least a majority having aggregate Beneficial Interests of the aggregate 10% or more of all Beneficial Interests to call a meeting of all of the 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 thirty (30) -day period then such meeting may be called by the Beneficiaries holding Trust Units representing at least a majority of the having aggregate Beneficial InterestsInterests of 10% or more of all Beneficial Interests or by their designated representative.