Voting Period. During any period in which any one or more of the conditions described in clauses (A) or (B) of this Section 2.7(b)(i) shall exist (such period being referred to herein as a “Voting Period”), the number of trustees constituting the Board of Trustees shall be automatically increased by the smallest number that, when added to the two trustees elected exclusively by the Holders of Preferred Shares, including RVMTP Shares and the Auction Preferred Shares, would constitute a majority of the Board of Trustees as so increased by such smallest number; and the Holders of Preferred Shares, including RVMTP Shares and the Auction Preferred Shares, shall be entitled, voting as a class on a one-vote-per-share basis (to the exclusion of the Holders of all other securities and classes of shares of beneficial interest of the Fund), to elect such smallest number of additional trustees, together with the two trustees that such Holders are in any event entitled to elect. A Voting Period shall commence:
(A) if, at the close of business on any dividend payment date for any outstanding Preferred Shares including any Outstanding RVMTP Shares and Auction Preferred Shares, accumulated dividends (whether or not earned or declared) on such outstanding Preferred Shares, including RVMTP Shares and Auction Preferred Shares, equal to at least two (2) full years’ dividends shall be due and unpaid and sufficient cash or specified securities shall not have been deposited with the Calculation and Paying Agent or other applicable paying agent for the payment of such accumulated dividends; or
(B) if at any time Holders of Preferred Shares are otherwise entitled under the 1940 Act to elect a majority of the Board of Trustees. A Voting Period shall terminate upon all of such conditions ceasing to exist. Upon the termination of a Voting Period, the voting rights described in this Section 2.7(b)(i) shall cease, subject always, however, to the revesting of such voting rights in the Holders of Preferred Shares upon the further occurrence of any of the events described in this Section 2.7(b)(i).
Voting Period. Except as otherwise provided in the Declaration of Trust or as otherwise required by law, during any period in which any one or more of the conditions described in subparagraphs (A) or (B) of this subparagraph (b)(i) shall exist (such period being referred to herein as a "Voting Period"), the number of Trustees constituting the Board of Trustees shall be automatically increased by the smallest number that, when added to the two Trustees elected exclusively by the holders of preferred shares, including Preferred Shares, would constitute a majority of the Board of Trustees as so increased by such smallest number; and the holders of preferred shares, including Preferred Shares, shall be entitled, voting as a class on a one-vote-per-share basis (to the exclusion of the holders of all other securities and classes of shares of the Trust), to elect such smallest number of additional Trustees, together with the two Trustees that such holders are in any event entitled to elect. A Voting Period shall commence:
Voting Period. At any time during the duration of any Voting Period, the following provisions shall apply:
Voting Period. During any period in which any one or more of the conditions described in subparagraphs (A) or (B) of this subparagraph (b)(i) shall exist (such period being referred to herein as a "Voting Period"), the number of trustees constituting the Board of Trustees shall be automatically increased by the smallest number that, when added to the two trustees elected exclusively by the holders of Preferred Shares, including shares of Municipal Preferred, would constitute a majority of the Board of Trustees as so increased by such smallest number; and the holders of Preferred Shares, including Municipal Preferred, shall be entitled, voting as a class on a one-vote-per-share basis (to the exclusion of the holders of all other securities and classes of shares of beneficial interest of the Trust), to elect such smallest number of additional trustees, together with the two trustees that such holders are in any event entitled to elect. A Voting Period shall commence:
Voting Period. Where a vote is required to decide a Member matter and a meeting of Members is not being held, there shall be a continuous period of ten (10) days wherein the Member may cast its vote. The Manager shall make reasonable efforts to notify all Members of the voting period prior to the beginning of the voting period. Dispatch of notice by electronic-mail to the e-mail address for the Member most recently provided to the Manager shall constitute reasonable efforts to notify. In no event shall the LLC or Manager be obligated to provide notice of voting on such matters by hand delivery or U.S. mail.
Voting Period. From the date of this Agreement until Pinnacle Directors are appointed to the Board pursuant to Section 2.1(a), and during the duration of any Voting Period, then for so long as Pinnacle and its Entity Affiliates hold at least 7.5% of the outstanding voting power of the Equity Securities on a Fully Diluted Basis:
Voting Period. During any period in which any one or more of the conditions described in clauses (A) or (B) of this Section 2.6(b)(i) shall exist (such period being referred to herein as a "Voting Period"), the number of trustees constituting the Board of Trustees shall be automatically increased by the smallest number that, when added to the two trustees elected exclusively by the Holders of Preferred Shares, including VMTP Shares, would constitute a majority of the Board of Trustees as so increased by such smallest number; and the Holders of Preferred Shares, including VMTP Shares, shall be entitled, voting as a class on a one-vote-per-share basis (to the exclusion of the Holders of all other securities and classes of shares of beneficial interest of the Fund), to elect such smallest number of additional trustees, together with the two trustees that such Holders are in any event entitled to elect. A Voting Period shall commence:
(A) if, at the close of business on any dividend payment date for any outstanding Preferred Shares including any Outstanding VMTP Shares, accumulated dividends (whether or not earned or declared) on such outstanding Preferred Shares equal to at least two (2) full years' dividends shall be due and unpaid and sufficient cash or specified securities shall not have been deposited with the Calculation and Paying Agent or other applicable paying agent for the payment of such accumulated dividends; or
(B) if at any time Holders of Preferred Shares are otherwise entitled under the 1940 Act to elect a majority of the Board of Trustees.
Voting Period. Except as otherwise provided in the Operating Agreement or as otherwise required by law, during any period in which any one or more of the conditions described in subparagraphs (A), (B) or (C) below shall exist (such period being referred to herein as a "Voting Period"), the number of directors constituting the Board of Directors shall be automatically increased by the smallest number that, when added to the two directors elected exclusively by the holders of preferred shares of the Fund, including the Preferred Shares, would constitute a majority of the Board of Directors as so increased by such smallest number, and the holders of preferred shares, including the Preferred Shares, shall be entitled, voting their shares as a class on a one-vote-per-share basis (to the exclusion of the holders of all other securities and classes of shares of membership interest in the Fund), to elect such smallest number of additional directors, together with the two directors that such holders are in any event entitled to elect. A Voting Period shall commence if:
(A) at the close of business on any Dividend Payment Date accumulated dividends (whether or not earned or declared) on any outstanding Preferred Shares, equal to at least six full months' dividends shall be due and unpaid and sufficient cash or specified securities shall not have been deposited with the Depositary for the payment of such accumulated dividends; or
(B) the Fund shall have failed to comply fully with its obligations pursuant to Section 7(b) of Part I of this Statement for a continuous period of at least six full months; or
(C) at any time holders of any preferred shares are entitled to elect a majority of the directors of the Fund under the Investment Company Act or the Statement of Preferences creating any other preferred shares.
Voting Period. 5.1 Election materials will be mailed to the Unit President for election meetings and e-mailed or mailed to individual voters prior to August 15.
5.2 The voting period commences once the Unit or individual voter is in receipt of the election materials.
5.3 In order to be included in the count, the ballots must be received by the Director of Elections by the close of business on the third business day of October.
Voting Period i. Voting on procedural issues is done during meetings and between meetings through electronic means using a system selected by the Academy Standards Board. When a procedural issue is voted upon between meetings, the Chair shall clearly state the period of voting on communication to all of the members.
ii. On all other matters, the voting period for letter ballots shall end 30 days from the date of issue (14 days for recirculation votes) or as soon as all ballots are returned, whichever comes earlier. An extension may be granted at the chair's option when warranted. The Chair determines the period of voting during a meeting.
