Common use of Holders Entitled to Vote Clause in Contracts

Holders Entitled to Vote. For purposes of determining any rights of the Holders to vote on any matter, whether such right is created by these Bylaws, by the Declaration of Trust, by statute or otherwise, no Holder shall be entitled to vote Preferred Shares and no Preferred Shares shall be deemed to be "outstanding" for the purpose of voting or determining the number of shares required to constitute a quorum if, prior to or concurrently with the time of determination of shares entitled to vote or shares deemed outstanding for quorum purposes, as the case may be, the requisite Notice of Redemption with respect to such shares shall have been mailed as provided in paragraph (c) of Section 11 of this Part I and the Redemption Price for the redemption of such shares shall have been deposited in trust with the Auction Agent for that purpose. No Preferred Shares held by the Trust or any affiliate of the Trust (except for shares held by a Broker-Dealer that is an affiliate of the Trust for the account of its customers) shall have any voting rights or be deemed to be outstanding for voting or other purposes.

Appears in 16 contracts

Samples: RMR Dividend Capture Fund, RMR Dividend Capture Fund, RMR Real Estate Income Fund

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Holders Entitled to Vote. For purposes of determining any rights of the Holders to vote on any matter, whether such right is created by these Bylawsthis Section 12.1, by the Declaration other provisions of Trustthese By-Laws or the Declaration, by statute or otherwise, no Holder shall be entitled to vote any share of Municipal Preferred Shares and no share of Municipal Preferred Shares shall be deemed to be "outstanding" for the purpose of voting or determining the number of shares required to constitute a quorum if, prior to or concurrently with the time of determination of shares entitled to vote or shares deemed outstanding for quorum purposes, as the case may be, the requisite Notice of Redemption with respect to such shares shall have been mailed as provided in paragraph (c11(c) of Section 11 Part I of this Part I Section 12.1 and the Redemption Price for the redemption of such shares shall have been deposited in trust with the Auction Agent for that purpose. No shares of Municipal Preferred Shares held by the Trust or any affiliate of the Trust (except for shares held by a Broker-Dealer that is an affiliate of the Trust for the account of its customers) shall have any voting rights or be deemed to be outstanding for voting or other purposes.

Appears in 7 contracts

Samples: Colonial Insured Municipal Fund, Colonial California Insured Municipal Fund, Colonial Insured Municipal Fund

Holders Entitled to Vote. For purposes of determining any rights of the Holders to vote on any matter, whether such right is created by these Bylawsthis Section 11.1, by provisions of the Declaration of Trust, by statute or otherwise, no Holder shall be entitled to vote any Preferred Shares Share and no Preferred Shares Share shall be deemed to be "outstanding" for the purpose of voting or determining the number of shares required to constitute a quorum if, prior to or concurrently with the time of determination of shares entitled to vote or shares deemed outstanding for quorum purposes, as the case may be, the requisite Notice of Redemption with respect to such shares shall have been mailed as provided in paragraph (c8(c) of Section 11 of this Part I and the Redemption Price for the redemption of such shares shall have been deposited in trust with the Auction Agent for that purpose. No Preferred Shares held by the Trust or any affiliate of the Trust (except for shares held by a Broker-Dealer that is an affiliate of the Trust for the account of its customers) shall have any voting rights or be deemed to be outstanding for voting or other purposes.

Appears in 2 contracts

Samples: Aew Real Estate Income Fund, Aew Real Estate Income Fund

Holders Entitled to Vote. For purposes of determining any rights of the Holders to vote on any matter, whether such right is created by these Bylaws, by the Declaration of Trust, by statute or otherwise, no Holder shall be entitled to vote Preferred Shares and no Preferred Shares shall be deemed to be "β€œoutstanding" ” for the purpose of voting or determining the number of shares required to constitute a quorum if, prior to or concurrently with the time of determination of shares entitled to vote or shares deemed outstanding for quorum purposes, as the case may be, the requisite Notice of Redemption with respect to such shares shall have been mailed as provided in paragraph (c) of Section 11 of this Part I and the Redemption Price for the redemption of such shares shall have been deposited in trust with the Auction Agent for that purpose. No Preferred Shares held by the Trust or any affiliate of the Trust (except for shares held by a Broker-Dealer that is an affiliate of the Trust for the account of its customers) shall have any voting rights or be deemed to be outstanding for voting or other purposes.

Appears in 2 contracts

Samples: RMR Real Estate Income Fund (RMR Real Estate Income Fund), RMR Real Estate Income Fund (RMR Real Estate Income Fund)

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Holders Entitled to Vote. For purposes of determining any rights of the Holders to vote on any matter, whether such right is created by these Bylawsthis Section 12.1, by the other provisions of the Declaration of Trust, by statute or otherwise, no Holder shall be entitled to vote any Preferred Shares Share and no Preferred Shares Share shall be deemed to be "outstanding" for the purpose of voting or determining the number of shares required to constitute a quorum if, prior to or concurrently with the time of determination of shares entitled to vote or shares deemed outstanding for quorum purposes, as the case may be, the requisite Notice of Redemption with respect to such shares shall have been mailed as provided in paragraph (c11(c) of Section 11 of this Part I and the Redemption Price for the redemption of such shares shall have been deposited in trust with the Auction Agent for that purpose. No Preferred Shares Share held by the Trust or any affiliate of the Trust (except for shares held by a Broker-Dealer that is an affiliate of the Trust for the account of its customers) shall have any voting rights or be deemed to be outstanding for voting or other purposes.

Appears in 1 contract

Samples: Putnam Municipal Opportunities Trust

Holders Entitled to Vote. For purposes of determining any rights of the Holders to vote on any matter, whether such right is created by these Bylawsthis Statement, by the Declaration other provisions of Trustthe Operating Agreement, by statute or otherwise, no Holder shall be entitled to vote any Preferred Shares Share and no Preferred Shares Share shall be deemed to be "outstanding" for the purpose of voting or determining the number of shares required to constitute a quorum if, prior to or concurrently with the time of determination of shares entitled to vote or shares deemed outstanding for quorum purposes, as the case may be, the requisite Notice of Redemption with respect to such shares shall have been mailed as provided in paragraph (cSection 7(c) of Section 11 of this Part I and the Redemption Price for the redemption of such shares shall have been deposited in trust with the Auction Agent Depositary for that purpose. No Preferred Shares Share held by the Trust Fund or any affiliate Affiliate of the Trust (except for shares held by a Broker-Dealer that is an affiliate of the Trust for the account of its customers) Fund shall have any voting rights or be deemed to be outstanding for voting or other purposes.

Appears in 1 contract

Samples: Operating Agreement (York Enhanced Strategies Fund, LLC)

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