Share Trustee definition
Examples of Share Trustee in a sentence
All the issued shares of the Issuer are directly or indirectly held by Monument Trustees Limited, with its registered office at ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, Dublin 2, Ireland and registered number 345558 (the “ Share Trustee”) under the terms of a declaration of trust dated 20 June 2017 pursuant to which the Share Trustee holds the benefit of the shares on trust for charitable purposes.
Upon the designation of any Units as Excess Units pursuant to Section 6.3, such Excess Units shall be deemed to have been transferred immediately before such event to the Excess Share Trustee, as trustee of the Excess Share Trust for the exclusive benefit of the Charitable Beneficiary.
The Excess Share Trustee shall be entitled to vote the Excess Units for the benefit of the Charitable Beneficiary on any matter.
If the Manager has not identified an Excess Share Trustee, the Manager shall serve as the Excess Share Trustee until it identifies a replacement Excess Share Trustee.
Prior to any transfer of any Excess Units by the Excess Share Trustee, the Company must have waived in writing its purchase rights under Section 6.18.