Excess Share Trust definition

Excess Share Trust means the trust created pursuant to Section 3 and Section 14 of this Article NINTH.

Excess Share Trust means the trust created pursuant to Article 5

Excess Share Trust means the trust created pursuant to Section 6.14.

Examples of Excess Share Trust in a sentence

• All dividends received or other income earned by the Excess Share Trust shall be paid over to the Charitable Beneficiary.

• Any dividends (whether taxable as a dividend, return of capital or otherwise) on Excess Shares shall be paid to the Excess Share Trust for the benefit of the Charitable Beneficiary.

• Any dividend or distribution paid prior to the discovery by the Corporation that the Shares have been designated as Excess Shares shall be repaid to the Excess Share Trust upon demand.

• Any dividend or distribution declared but unpaid shall be paid to the Excess Share Trust.

• The Excess Share Trustee may, in the event that the Corporation waives its purchase rights under Section 18, transfer the Shares held in the Excess Share Trust to a Person or Persons whose ownership of such Shares will not violate such Person’s Ownership Limit.

More Definitions of Excess Share Trust

Excess Share Trust means a trust created pursuant to Article XIII or Article XV hereof, as applicable.

Excess Share Trust means the trust created pursuant to subsections (b) and (n) of Article II, Section 5.

Excess Share Trust means the trust created pursuant to Section 2A.15.

Excess Share Trust means the trust created pursuant to ------------------ subsections (c) and (o) of this Section 18.

Excess Share Trust means the trust created pursuant to Section 6.13 hereof.

Excess Share Trust means the trust created pursuant to Article X(3) and (14).

Excess Share Trust means the trust created pursuant to paragraph (d) of this NINTH Article.