Common use of Terms of Office of Existing Trustees Clause in Contracts

Terms of Office of Existing Trustees. The terms of office of all persons who are Trustees of the Trust at the time of a special meeting of Holders and holders of other shares of preferred shares of the Trust to elect Trustees shall continue, notwithstanding the election at such meeting by the Holders and such other holders of the number of Trustees that they are entitled to elect, and the persons so elected by the Holders and such other holders, together with the two incumbent Trustees elected by the Holders and such other holders of preferred shares of the Trust and the remaining incumbent Trustees elected by the holders of the Common Shares and preferred shares, including Preferred Shares, shall constitute the duly elected Trustees of the Trust.

Appears in 18 contracts

Samples: Bylaws (RMR Real Estate Income Fund), Bylaws (RMR Dividend Capture Fund), Bylaws (RMR Dividend Capture Fund)

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Terms of Office of Existing Trustees. The terms of office of all persons who are Trustees trustees of the Trust at the time of a special meeting of Holders and holders of other shares of preferred shares of the Trust Preferred Shares to elect Trustees trustees shall continue, notwithstanding the election at such meeting by the Holders and such other holders of the number of Trustees trustees that they are entitled to elect, and the persons so elected by the Holders and such other holders, together with the two incumbent Trustees trustees elected by the Holders and such other holders of preferred shares of the Trust Preferred Shares and the remaining incumbent Trustees trustees elected by the holders Holders of the Common Shares and preferred shares, including Preferred Shares, shall constitute the duly elected Trustees trustees of the Trust.

Appears in 8 contracts

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

Terms of Office of Existing Trustees. The terms of office of all persons who are Trustees of the Trust at the time of a special meeting of Holders and holders of other shares of preferred shares of the Trust beneficial interest to elect Trustees shall continue, notwithstanding the election at such meeting by the Holders and such other holders of the number of Trustees that they are entitled to elect, and the persons so elected by the Holders and such other holders, together with the two incumbent Trustees elected by the Holders and such other holders of preferred shares of the Trust beneficial interest and the remaining incumbent Trustees elected by the holders of the Common Shares and preferred shares, including Preferred Sharesshares of beneficial interest, shall constitute the duly elected Trustees of the TrustTrustees.

Appears in 2 contracts

Samples: Bylaws (Aew Real Estate Income Fund), Bylaws (Aew Real Estate Income Fund)

Terms of Office of Existing Trustees. The terms of office of all persons who are Trustees trustees of the Trust at the time of a special meeting of Holders and holders of other shares of preferred shares of the Trust to elect Trustees trustees shall continue, notwithstanding the election at such meeting by the Holders and such other holders of the number of Trustees trustees that they are entitled to elect, and the persons so elected by the Holders and such other holders, together with the two incumbent Trustees trustees elected by the Holders and such other holders of preferred shares of the Trust and the remaining incumbent Trustees trustees elected by the holders of the Common Shares and preferred shares, including Preferred Shares, shall constitute the duly elected Trustees of the Trust.

Appears in 1 contract

Samples: Bylaws Amendment (Putnam Municipal Opportunities Trust)

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Terms of Office of Existing Trustees. The terms of office of all persons who are Trustees trustees of the Trust Fund at the time of a special meeting of Holders and holders of other shares of preferred shares of the Trust Preferred Shares to elect Trustees trustees shall continue, notwithstanding the election at such meeting by the Holders and such other holders of the number of Trustees trustees that they are entitled to elect, and the persons so elected by the Holders and such other holders, together with the two incumbent Trustees trustees elected by the Holders and such other holders of preferred shares of the Trust Preferred Shares and the remaining incumbent Trustees trustees elected by the holders of the Common Shares and preferred shares, including Preferred Shares, shall constitute the duly elected Trustees trustees of the TrustFund.

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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