Continuing Trustees definition

Continuing Trustees has the meaning set forth in the definition of Change of Control.

Continuing Trustees means the members of the Company's Board of Trustees on the date hereof, and each other trustee, if, in each case, such other trustee's nomination for election to the Board of Trustees of the Company is recommended by at least a majority of the then Continuing Trustees.

Continuing Trustees means trustees who either (i) have been members of the Board of Trustees for a period of at least thirty-six months (or since the commencement of the Fund’s operations, if less than 36 months) or (ii) were nominated to serve as members of the Board of Trustees by a majority of the Continuing Trustees then members of the Board of Trustees.

Examples of Continuing Trustees in a sentence

• Special meetings of the Shareholders or any or all classes or series of Shares may also be called by the Trustees from time to time for such other purposes as may be prescribed by law, by the Declaration of Trust or by these Bylaws, or for the purpose of taking action upon any other matter deemed by a majority of the Trustees and a majority of the Continuing Trustees to be necessary or desirable.

• Except to the extent that the Declaration of Trust or applicable law requires a vote or consent of Shareholders or a higher vote or consent by the Trustees and/or the Continuing Trustees, these Bylaws may be amended, changed, altered or repealed, in whole or part, only by resolution of a majority of the Trustees and a majority of the Continuing Trustees then in office at any meeting of the Trustees, or by one or more writings signed by such Trustees and Continuing Trustees.

• In the event of such approval by the Trustees and the Continuing Trustees as referred to in the preceding sentence, the 1940 Act shall govern whether and to what extent a vote or consent of Shares shall be required to approve such conversion and related actions.

• Written notice of any meeting of Shareholders, stating the date, time, place and purpose of the meeting, shall be given or caused to be given by a majority of the Trustees and a majority of the Continuing Trustees at least seven days before such meeting to each Shareholder entitled to vote thereat by leaving such notice with the Shareholder at his or her residence or usual place of business or by mailing such notice, postage prepaid, to the Shareholder’s address as it appears on the records of the Trust.

• Subject to the voting powers of one or more classes or series of Shares as set forth in the Bylaws, the Trust may be terminated at any time (i) by vote or consent of Shareholders holding at least seventy-five percent (75%) of the Shares entitled to vote or (ii) by vote or consent of majority of the entire Board of Trustees and seventy-five percent (75%) of the Continuing Trustees upon written notice to the Shareholders.

More Definitions of Continuing Trustees

Continuing Trustees means any member of the Borrower’s Board of Trustees who (1) was a member of such Board of Trustees on the Agreement Date; or (2) was nominated for election or elected to such Board of Trustees with the approval of a majority of the Continuing Trustees who were members of such Board of Trustees at the time of such nomination or election (either by a specific vote or by approval of a proxy statement in which such member was named as a nominee for election as a trustee).

Continuing Trustees means those trustees duly elected prior to the time that any person, entity or group of associated persons acting in concert has acquired beneficial ownership (as defined in Rule 13d-3 under the Securities Exchange Act of 1934) of 50% or more of the then outstanding shares of capital stock of the Trust entitled to vote for the election of trustees of the Trust, and those trustees who were recommended to succeed Continuing Trustees by a majority of Continuing Trustees including but not limited to the trustees designated by TRO who are elected by the Continuing Trustees in connection with the TRO Transactions.

Continuing Trustees means any member of the Board who was a member of the Board immediately before the adoption of the Rights Agreement and any person who is subsequently elected to the Board if such person is recommended or approved by a majority of the Continuing Trustees, but does not include an Acquiring Person, or an affiliate or associate of an Acquiring Person, or any representative of the foregoing.

Continuing Trustees means trustees of Eversource on the Closing Date and each other trustee of Eversource, if such other trustee’s nomination for election to the board of trustees of Eversource is recommended by a majority of the then-Continuing Trustees;

Continuing Trustees means the Trustees of the REIT on the Effective Date and each other Trustee, if such other Trustee's nomination for election to the Board of Trustees of the REIT is recommended by a majority of the then Continuing Trustees or is recommended by a committee of the Board of Trustees a majority of which is composed of the then Continuing Trustees.

Continuing Trustees means a trustee of the REIT who either (i) was a trustee of the REIT immediately prior to the Effective Date or (ii) is an individual whose election, or nomination for election, as a trustee of the REIT was approved by a vote of at least two-thirds of the trustees then still in office who were Continuing Trustees (other than an individual whose initial assumption of office is in connection with an actual or threatened election contest relating to the election of trustees of the REIT which would be subject to Rule 14a-11 under the Exchange Act).

Continuing Trustees means (i) the Trustees identified in Section 2.2 herein, (ii) any Trustee nominated for election or appointed by the Board of Trustees to fill a vacancy on the Board of Trustees and approved by a majority of the Trustees identified in clauses (i), (ii) and (iii) of this definition and (iii) any Trustee nominated for election by the Board of Trustees that was on the Board of Trustees at the time of such nomination and who has been approved by a majority of the Trustees identified in clauses (i), (ii) and (iii) of this definition for such reelection.