Related Party Investments. Approve Investments or acquisitions which are intended to be effected, directly by the Trust or through Investment Trusts, when they represent 10% (ten percent) or more of the value of the Trust Estate, based on the relevant closing numbers of the immediately preceding quarter, irrespective of whether such Investments or acquisitions are executed simultaneously or successively within a 12 (twelve) month period commencing on the date of completion of the first transaction, but that could be considered a single transaction, and such Investments are Related Party Transactions; provided, that the Holders of CBFIs that are considered Related Parties in such Related Party Transactions shall refrain from voting on the corresponding resolutions of the Ordinary Holders Meetings in which such Related Party Transactions are discussed, without affecting the quorum required for the installation of such Ordinary Holders Meetings.
Appears in 4 contracts
Samples: Irrevocable Trust Agreement, Irrevocable Trust Agreement, Irrevocable Trust Agreement
