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

Status of Shares Held by the Charitable Trustee. Equity Shares held by the Charitable Trustee shall be issued and outstanding Equity Shares of the Trust. The Prohibited Owner shall have no rights in the shares held by the Charitable Trustee. The Prohibited Owner shall not benefit economically from ownership of any shares or other property held in trust by the Charitable Trustee, shall have no rights to dividends or other distributions and shall not possess any rights to vote or other rights attributable to the shares held in the Charitable Trust.

Appears in 16 contracts

Samples: Agreement and Declaration of Trust (RMR Real Estate Income Fund), Agreement and Declaration of Trust (RMR Asia Real Estate Fund), Agreement and Declaration of Trust (RMR Dividend Capture Fund)

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Status of Shares Held by the Charitable Trustee. Equity Shares held by the Charitable Trustee shall continue to be issued and outstanding Equity Shares of the TrustShares. The Prohibited Owner shall have no rights in the shares Shares held by the Charitable Trustee. The Prohibited Owner shall not benefit economically from ownership of any shares or other property Shares held in trust by the Charitable Trustee, shall have no rights to dividends or other distributions Distributions and shall not possess any rights to vote or other rights attributable to the shares Shares held in the Charitable Trust.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Carey Watermark Investors 2 Inc), Agreement and Plan of Merger (MVP REIT II, Inc.), Agreement and Plan of Merger (MVP REIT, Inc.)

Status of Shares Held by the Charitable Trustee. Equity Shares held by the Charitable Trustee shall be issued and outstanding Equity Shares of the TrustNXDT. The Prohibited Owner shall have no rights in the shares held by the Charitable Trustee. The Prohibited Owner shall not benefit economically from ownership of any shares or other property held in trust by the Charitable Trustee, shall have no rights to dividends or other distributions and shall not possess any rights to vote or other rights attributable to the shares held in the Charitable Trust.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust (Nexpoint Diversified Real Estate Trust), Real Estate Trust Agreement and Declaration of Trust

Status of Shares Held by the Charitable Trustee. Equity Shares held by the Charitable Trustee shall continue to be issued and outstanding Equity Shares of the TrustShares. The Prohibited Owner shall have no rights in the shares Shares held by the Charitable Trustee. The Prohibited Owner shall not benefit economically from ownership of any shares or other property Shares held in trust by the Charitable Trustee, shall have no rights to dividends or other distributions and shall not possess any rights to vote or other rights attributable to the shares Shares held in the Charitable Trust.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Accordant ODCE Index Fund)

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Status of Shares Held by the Charitable Trustee. Equity Shares held by the Charitable Trustee shall be issued and outstanding Equity Shares of the Trust. The Prohibited Owner shall have no rights in the shares Shares held by the Charitable Trustee. The Prohibited Owner shall not benefit economically from ownership of any shares Shares or other property held in trust by the Charitable Trustee, shall have no rights to dividends or other distributions and shall not possess any rights to vote or other rights attributable to the shares Shares held in the Charitable Trust.

Appears in 1 contract

Samples: RMR Opportunity Fund (RMR Opportunity Fund)

Status of Shares Held by the Charitable Trustee. Equity Shares held by the Charitable Trustee shall be issued and outstanding Equity Shares of the TrustShares. The Prohibited Owner shall have no rights in the shares held by the Charitable Trustee. The Prohibited Owner shall not benefit economically from ownership of any shares or other property held in trust by the Charitable Trustee, shall have no rights to dividends or other distributions and shall not possess any rights to vote or other rights attributable to the shares held in the Charitable Trust.

Appears in 1 contract

Samples: Shareholders Agreement (Americold Realty Trust)

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