Resignation of Trustees. Any Trustee may resign at any time by delivering to any other Trustee and to the office of PREIT notification in record form of his or her resignation, which resignation shall be effective when received, but if the effect of such resignation shall be to reduce the number of Trustees below five (5), no such resignation shall be effective until a successor shall have been elected by the remaining Trustees.
Appears in 8 contracts
Samples: Trust Agreement, Trust Agreement, Trust Agreement (Pennsylvania Real Estate Investment Trust)
Resignation of Trustees. Any Trustee may resign at any time by delivering to any other Trustee and to the office of PREIT written notification in record form of his or her resignation, which resignation shall be effective when received, but if the effect of such resignation shall be to reduce the number of Trustees below five (5), no such resignation shall be effective until a successor shall have been elected by the remaining Trustees.
Appears in 2 contracts
Samples: Trust Agreement (Pennsylvania Real Estate Investment Trust), Trust Agreement (Pennsylvania Real Estate Investment Trust)
