Common use of Special Voting Rights Clause in Contracts

Special Voting Rights. In addition to Trust Units, there may be issued special voting units ("Special Voting Units") entitling the holders thereof to such number of votes at meetings of Unitholders as may be prescribed by the Board of Directors of the Corporation in the resolution authorizing the issuance of any such Special Voting Units. Except for the right to vote at meetings of the Unitholders, the Special Voting Units shall not confer upon the holders thereof any other rights; and for greater certainty, the holders of Special Voting Units shall not be entitled to any distributions of any nature whatsoever from the Trust or have any beneficial interest in any assets of the trust on termination of the Trust.

Special Voting Rights. In addition to Trust Units, there may be issued special voting units ("Special Voting Units") Rights entitling the holders thereof to attend at meetings of Unitholders and to such number of votes at such meetings of Unitholders as may be prescribed by the Board board of Directors directors of the Corporation in the resolution authorizing the issuance of any such Special Voting UnitsRights. Except for the right to attend and to vote at meetings of the Unitholders, the Special Voting Units Rights shall not confer upon the holders thereof any other rights; and for greater certainty, the holders of Special Voting Units Rights shall not be entitled to any distributions of any nature whatsoever from the Trust or have any beneficial interest in any assets of the trust on termination or winding-up of the Trust.