Common use of Terms of Office of Certain Trustees to Terminate Upon Termination of Voting Period Clause in Contracts

Terms of Office of Certain Trustees to Terminate Upon Termination of Voting Period. Simultaneously with the termination of a Voting Period, the term of office of the additional trustees elected by the Holders and holders of other Preferred Shares pursuant to subparagraph (b)(i) of this paragraph 5 shall terminate, the remaining trustees shall constitute the trustees of the Trust and the voting rights of the Holders and such other holders to elect additional trustees pursuant to subparagraph (b)(i) of this paragraph 5 shall cease, subject to the provisions of the last sentence of subparagraph (b)(i) of this paragraph 5.

Appears in 3 contracts

Samples: By Laws (Colonial Insured Municipal Fund), By Laws (Colonial California Insured Municipal Fund), By Laws (Colonial Insured Municipal Fund)

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Terms of Office of Certain Trustees to Terminate Upon Termination of Voting Period. Simultaneously with the termination of a Voting Period, the term terms of office of the additional trustees elected by the Holders and holders of other Preferred Shares pursuant to subparagraph (b)(i) of this paragraph Section 5 shall terminate, the remaining trustees shall constitute the trustees of the Trust Fund and the voting rights of the Holders and such other holders to elect additional trustees pursuant to subparagraph (b)(i) of this paragraph Section 5 shall cease, subject to the provisions of the last sentence of subparagraph (b)(i) of this paragraph Section 5.

Appears in 1 contract

Samples: Statement Establishing and Fixing the Rights and Preferences of Municipal Auction Rate Cumulative Preferred Shares (Nuveen California Dividend Advantage Municipal Fund)

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Terms of Office of Certain Trustees to Terminate Upon Termination of Voting Period. Simultaneously with the termination of a Voting Period, the term terms of office of the additional trustees Trustees elected by the Holders and holders of other Preferred Shares preferred shares of the Trust pursuant to subparagraph (b)(i) of this paragraph Section 5 shall terminate, the remaining trustees Trustees shall constitute the trustees Trustees of the Trust and the voting rights of the Holders and such other holders to elect additional trustees Trustees pursuant to subparagraph (b)(i) of this paragraph Section 5 shall cease, subject to the provisions of the last sentence of subparagraph (b)(i) of this paragraph Section 5.

Appears in 1 contract

Samples: Bylaws (RMR Real Estate Income Fund)

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