Number of Administrative Trustees. (a) The initial number of Administrative Trustees shall be three, provided that the Holder of all of the Trust Common Securities by written instrument may, subject to the requirements of Section 7.07(b), increase and/or decrease the number of Administrative Trustees.
Appears in 4 contracts
Samples: Trust Agreement (Maui Electric Co LTD), Trust Agreement (Hawaiian Electric Co Inc), Trust Agreement (Hawaiian Electric Co Inc)
Number of Administrative Trustees. (a) The initial number of Administrative Trustees shall be three, provided that the Holder of all of the Trust Common Securities by written instrument maymay increase and, subject to the requirements of Section 7.07(b)if increased, increase and/or may decrease the number of Administrative Trustees.
Appears in 2 contracts
Samples: Trust Agreement and Agreement (Hawaiian Electric Co Inc), Trust Agreement (Heco Capital Trust I)
