Common use of Meetings of the Trust Clause in Contracts

Meetings of the Trust. (a) To the extent required by the Exchange, meetings of the Shareholders shall be called by the Manager at least annually. In addition, meetings of the Shareholders may be called by the Manager upon the written request of Shareholders holding at least 20% of the issued and outstanding Shares of the Trust (excluding any Shares held by the Manager or its Affiliates). Such call for a meeting shall be deemed to have been made upon the receipt by the Manager of a written request from the requisite percentage of Shareholders. Upon (i) the decision of the Manager, in its sole discretion, to call a meeting or (ii) the call for a meeting pursuant to the written request of Shareholders holding at least 20% of the issued and outstanding Shares of the Trust (excluding any Shares held by the Manager or its Affiliates), the Manager shall deposit in the United States mail and, if such notice is in response to a request described in Clause (ii) above, then within thirty (30) days after receipt of said request, written notice to all Shareholders of the meeting and the purpose of the meeting, which shall be held on a date, not less than thirty (30) nor more than sixty (60) days after the date of mailing of said notice, at a reasonable time and place. Any notice of meeting shall be accompanied by a description of the proposed action to be taken at the meeting. In addition, in the event that the proposed action to be taken at such meeting would result in altering any provision within this Trust Agreement with respect to the liability of the Shareholders for the debts of the Trust, the Manager shall deliver to all Shareholders, no later than five (5) days prior to the date of such meeting, an opinion of independent counsel as to the effect of such proposed action on the liability of Shareholders for the debts of the Trust.

Meetings of the Trust. (a) To the extent required by the Exchange, meetings of the Shareholders shall be called by the Manager at least annually. In addition, meetings of the Shareholders may shall be called by the Manager upon the written request of Shareholders holding at least 20% of the issued and outstanding Shares of the Trust (excluding any Shares held by the Manager or its Affiliates). Such call for a meeting shall be deemed to have been made upon the receipt by the Manager of a written request from the requisite percentage of Shareholders. Upon (i) the decision of the Manager, in its sole discretion, to call a meeting or (ii) the call for a meeting pursuant to the written request of Shareholders holding at least 20% of the issued and outstanding Shares of the Trust (excluding any Shares held by the Manager or its Affiliates), the Manager shall deposit in the United States mail and, if such notice is in response to a request described in Clause (ii) above, then within thirty (30) days after receipt of said request, written notice to all Shareholders of the meeting and the purpose of the meeting, which shall be held on a date, not less than thirty (30) nor more than sixty (60) days after the date of mailing of said notice, at a reasonable time and place. Any notice of meeting shall be accompanied by a description of the proposed action to be taken at the meeting. In addition, in the event that the proposed action to be taken at such meeting would result in altering any provision within this Trust Agreement with respect to the liability of the Shareholders for the debts of the Trust, the Manager shall deliver to all Shareholders, no later than five (5) days prior to the date of such meeting, an opinion of independent counsel as to the effect of such proposed action on the liability of Shareholders for the debts of the Trust.

Meetings of the Trust. (a) To the extent required by the Exchange, meetings of the Shareholders shall be called by the Manager at least annually. In addition, meetings Meetings of the Shareholders may be called by the Manager and will be called by it upon the written request of Shareholders holding at least 20% of the issued and outstanding Shares of the Trust (excluding any Shares held by the Manager or its Affiliates). Such call for a meeting shall be deemed to have been made upon the receipt by the Manager of a written request from the requisite percentage of Shareholders. Upon (i) the decision of the Manager, in its sole discretion, to call a meeting or (ii) the call for a meeting pursuant to the written request of Shareholders holding at least 20% of the issued and outstanding Shares of the Trust (excluding any Shares held by the Manager or its Affiliates), the Manager shall deposit in the United States mail and, if such notice is in response to a request described in Clause (ii) above, then within thirty (30) days after receipt of said request, written notice to all Shareholders of the meeting and the purpose of the meeting, which shall be held on a date, not less than thirty (30) nor more than sixty (60) days after the date of mailing of said notice, at a reasonable time and place. Any notice of meeting shall be accompanied by a description of the proposed action to be taken at the meeting. In addition, in the event that the proposed action to be taken at such meeting would result in altering any provision within this Trust Agreement with respect to the liability of the Shareholders for the debts of the Trust, the Manager shall deliver to all Shareholders, no later than five (5) days prior to the date of such meeting, an opinion of independent counsel as to the effect of such proposed action on the liability of Shareholders for the debts of the Trust.