Common use of Requirements to alter Whanau Hapu or Marae list Clause in Contracts

Requirements to alter Whanau Hapu or Marae list. Where a proposed amendment to the Trust Deed will have the effect of either adding or deleting a Whanau Hapu or Marae to the lists of Whanau Hapu and Marae set out in the Third Schedule then no special general meeting may be called in accordance with the requirements of the Second Schedule until the following additional requirements have been met: (a) the proposed amendment to add or delete the Whanau Hapu or Marae has been submitted to the Trustees; (b) the Trustees have at a duly convened meeting resolved to endorse the addition or deletion of the Whanau Hapu or Marae; and (c) the Trustees have by a seventy-five percent (75%) majority agreed to submit to a special general meeting a proposal to amend the Third Schedule by adding or (as applicable) deleting the relevant Whanau Hapu or Marae.

Appears in 4 contracts

Samples: Trust Deed, Trust Deed, Trust Deed

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