Common use of Xxxx xxx Xxxxxxxx Clause in Contracts

Xxxx xxx Xxxxxxxx. Each Dxxxxxxx xxxxx xxxxxx, or elected or appointed prior to the first meeting of the Holders, shall (except in the event of resignations or removals or vacancies pursuant to Section 2.3 or Section 2.4 hereof) hold office until his successor has been elected at such meeting and has qualified to serve as Director, as required under the 1940 Act. Each Director shall hold office during the lifetime of this Company and until its dissolution as hereinafter provided or until December 31 of the year in which he shall have reached 72 years of age unless such Director resigns or is removed as provided in Section 2.3 below.

Xxxx xxx Xxxxxxxx. Each Dxxxxxxx Xxxxxxxx xxxxx xxxxxx, or elected or appointed prior to the first meeting of the Holders, shall (except in the event of resignations or removals or vacancies pursuant to Section 2.3 or Section 2.4 hereof) hold office until his successor has been elected at such meeting and has qualified to serve as Director, as required under the 1940 Act. Each Director shall hold office during the lifetime of this Company and until its dissolution as hereinafter provided or until December 31 of the year in which he shall have reached 72 years of age unless such Director resigns or is removed as provided in Section 2.3 below.

Xxxx xxx Xxxxxxxx. Each Dxxxxxxx Xxxxxxxx xxxxx xxxxxxxxxxxn, or elected or appointed prior to the first meeting of the Holders, shall (except in the event of resignations or removals or vacancies pursuant to Section 2.3 or Section 2.4 hereof) hold office until his or her successor has been elected at such meeting and has qualified to serve as Director, as required under the 1940 Act. Each Director shall hold office during the lifetime of this Company and until its dissolution as hereinafter provided or until December 31 of the year in which he or she shall have reached 72 years of age age, unless such Director resigns or is removed as provided in Section 2.3 below.