Common use of Meeting Called on Request of Beneficiaries12 Clause in Contracts

Meeting Called on Request of Beneficiaries12. 3 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 in the Trust to call a meeting of all of the Beneficiaries of the Trust, 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 in the Trust.

Meeting Called on Request of Beneficiaries12. 3 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 in the Trust to call a meeting of all of the Beneficiaries of the TrustBeneficiaries, 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 in the TrustInterests.