Common use of Number and Qualification Clause in Contracts

Number and Qualification. Prior to the public offering of Shares, there may be a sole Trustee. Thereafter, the number of Trustees shall be fixed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than three or more than thirteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of the Trustee’s term unless the Trustee is specifically removed pursuant to Section 3.3(b) and (d) hereof at the time of decrease. An individual nominated as Trustee shall be at least 21 years of age and not older than 72 years of age at the time of nomination. At the time of nomination and election, a Trustee shall not be under any legal disability. Trustees need not own Shares and may succeed themselves in office.

Number and Qualification. Prior to the a public offering of Shares, Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be fixed determined by a duly adopted resolution of the Board of Trustees or by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than three two or more than thirteenfifteen. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of the Trustee’s term unless the Trustee is specifically removed pursuant to Section 3.3(b) and (d) hereof at the time of decreasehis term. An individual nominated as a Trustee shall be at least 21 years of age and not older than 72 80 years of age at the time of nomination. At the time of nomination and election, a Trustee shall not be under any legal disability. Trustees need not own Shares and may succeed themselves in office.

Number and Qualification. Prior to the a public offering of Shares, Shares there may be a sole Trustee. Thereafter, the number of Trustees shall be fixed determined by a written instrument signed by a majority of the Trustees then in office, provided that the number of Trustees shall be no less than three 3 or more than thirteen25. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of the Trustee’s his term unless the Trustee is specifically removed pursuant to Section 3.3(b) and (d) hereof 2.3 of this Article II at the time of decrease. An individual nominated as a Trustee shall be at least 21 years of age and not older than 72 [80] years of age at the time of nomination. At the time of nomination and election, a Trustee shall not be under any legal disability. Trustees need not own Shares and may succeed themselves in office.