Common use of Status of Shares Held by a Charitable Trustee Clause in Contracts

Status of Shares Held by a Charitable Trustee. Equity Shares held in trust by a Charitable Trustee shall be issued and outstanding Equity Shares of the Trust. Except to the extent otherwise provided in this Section 5.3, the Prohibited Owner shall: (a) have no rights in the shares held in trust by the Charitable Trustee; (b) not benefit economically from ownership of any shares or other property held in trust by the Charitable Trustee; (c) have no rights to dividends or other distributions with respect to Equity Shares held in trust by the Charitable Trustee; (d) not possess any rights to vote or other rights attributable to the shares held in trust by the Charitable Trustee; and (e) have no claim, cause of action or other recourse whatsoever against the purported transferor of such Equity Shares held in trust by the Charitable Trustee.

Status of Shares Held by a Charitable Trustee. Equity Shares held in trust by a Charitable Trustee shall be issued and outstanding Equity Shares of the Trust. Except to the extent otherwise provided in this Section 5.3, the The Prohibited Owner shall: (ai) have no rights in the shares held in trust by the Charitable Trustee; (bii) not benefit economically from ownership of any shares or other property held in trust by the Charitable TrusteeTrustee (except to the extent otherwise provided in Section 5.3(e)); (ciii) have no rights to dividends or other distributions with respect to Equity Shares held in trust by the Charitable Trusteedistributions; (div) not possess any rights to vote or other rights attributable to the shares held in trust by the Charitable TrusteeTrust; and (ev) have no claim, cause of action or other recourse whatsoever against the purported transferor of such Equity Shares held in trust by the Charitable TrusteeShares.

Status of Shares Held by a Charitable Trustee. Equity Shares held in trust by a Charitable Trustee shall be issued and outstanding Equity Shares of the Trust. Except to the extent otherwise provided in this Section 5.3, the The Prohibited Owner shall: (a) have no rights in the shares held in trust by the Charitable Trustee; (b) not benefit economically from ownership of any shares or other property held in trust by the Charitable TrusteeTrustee (except to the extent otherwise provided in Section 5.3.5); (c) have no rights to dividends or other distributions with respect to Equity Shares held in trust by the Charitable Trusteedistributions; (d) not possess any rights to vote or other rights attributable to the shares held in trust by the Charitable TrusteeTrust; and (e) have no claim, cause of action or other recourse whatsoever against the purported transferor of such Equity Shares held in trust by the Charitable TrusteeShares.

Status of Shares Held by a Charitable Trustee. Equity Shares held in trust by a Charitable Trustee shall be issued and outstanding Equity Shares of the Trust. Except to the extent otherwise provided in this Section 5.3, the The Prohibited Owner shall: : (a) have no rights in the shares held in trust by the Charitable Trustee; ; (b) not benefit economically from ownership of any shares or other property held in trust by the Charitable Trustee; Trustee (except to the extent otherwise provided in Section 5.3.5); (c) have no rights to dividends or other distributions with respect to Equity Shares held in trust by the Charitable Trustee; distributions; (d) not possess any rights to vote or other rights attributable to the shares held in trust by the Charitable TrusteeTrust; and and (e) have no claim, cause of action or other recourse whatsoever against the purported transferor of such Equity Shares held in trust by the Charitable TrusteeShares.