Removal of Managing Trustees. Subject to the rights of holders of one or more classes or series of Shares to elect one or more Managing Trustees, any Managing Trustee, or the entire Board of Trustees, may be removed from office at any time, but only by Majority Vote.
Appears in 4 contracts
Samples: Trust Agreement (Centerline Holding Co), Trust Agreement (Chartermac), Trust Agreement (Charter Municipal Mortgage Acceptance Co)
Removal of Managing Trustees. Subject to the rights of holders of one or more classes or series of Shares to elect one or more Managing Trustees, any Managing Trustee, or the entire Board of Trustees, may be removed from office at any time, but only by Majority Vote; provided, however, that prior to the Fourth Anniversary, such removal may only be for Cause.
Appears in 2 contracts
Samples: Trust Agreement (Charter Municipal Mortgage Acceptance Co), Trust Agreement (Charter Municipal Mortgage Acceptance Co)
