Common use of Lead Trustee Clause in Contracts

Lead Trustee. If the Consensual Nominees are elected as Trustees at the Meeting, the Company will within 15 days of the Meeting convene a meeting of the Board at which the agenda shall include, among other things, the sole nomination of the Unrelated Shareholder Nominee to be elected as the "Lead Trustee" of the Board and the establishment of the terms of reference for the Lead Trustee which shall include chairing any Board meetings held in the absence of management Trustees and the power to engage such counsel as he feels he may require from time to time with respect to his duties as Lead Trustee on the Board, whose expense will be borne solely by the Company.