Outstanding Shares definition
Examples of Outstanding Shares in a sentence
Any Trustee may be removed (a) with or without cause at any meeting of Shareholders by a vote of two-thirds of the Outstanding Shares of the Trust, or (b) with or without cause at any time by written instrument signed by at least two-thirds of the remaining Trustees, specifying the date when such removal shall become effective.
Notwithstanding any other provision of this Declaration and subject to the exceptions provided in paragraph (iii) of this subsection, the types of transactions described in paragraph (ii) of this subsection (d) shall require the affirmative vote or consent of the holders of three-quarters (3/4) of the Outstanding Shares entitled to vote, when a Principal Shareholder (as defined in paragraph (i) of this subsection) is determined in good faith by the Trustees to be a party to the transaction.