Common use of Voting Procedures Clause in Contracts

Voting Procedures. (i) As soon as practicable after the accrual of any right of the holders of Preferred Shares to elect additional trustees as described in Section 11.5(b) above, the Trust shall call a special meeting of such holders and instruct the Auction Agent and any other registrar for Preferred Shares to mail a notice of such special meeting to such holders, such meeting to be held not less than 10 nor more than 20 days after the date of mailing of such notice. If the Trust fails to send such notice to the Auction Agent and any other applicable registrar, or if the Trust does not call such a special meeting, it may be called by any such holder on like notice. The record date for determining the holders entitled to notice of and to vote at such special meeting shall be the close of business on the fifth Business Day preceding the day on which such notice is mailed. At any such special meeting and at each meeting held during a Voting Period, such holders, voting together as a class (to the exclusion of the holders of all other securities and classes of shares of beneficial interest of the Trust), shall be entitled to elect the number of directors prescribed in Section 11.5(b) above. At any such meeting or adjournment thereof in the absence of a quorum, a majority of such holders present in person or by proxy shall have the power to adjourn the meeting without notice, other than by an announcement at the meeting, to a date not more than 120 days after the original record date.

Appears in 33 contracts

Samples: Appendix (Pimco Municipal Income Fund Ii), Appendix (Pimco California Municipal Income Fund Ii), Appendix (Pimco Municipal Income Fund Iii)

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Voting Procedures. (i) As soon as practicable after the accrual of any right of the holders of shares of Preferred Shares to elect additional trustees as described in Section 11.5(b) above, the Trust shall call a special meeting of such holders and instruct the Auction Agent and any other registrar for Preferred Shares to mail a notice of such special meeting to such holders, such meeting to be held not less than 10 nor more than 20 days after the date of mailing of such notice. If the Trust fails to send such notice to the Auction Agent and any other applicable registrar, or if the Trust does not call such a special meeting, it may be called by any such holder on like notice. The record date for determining the holders entitled to notice of and to vote at such special meeting shall be the close of business on the fifth Business Day preceding the day on which such notice is mailed. At any such special meeting and at each meeting held during a Voting Period, such holders, voting together as a class (to the exclusion of the holders of all other securities and classes of shares of beneficial interest of the Trust), shall be entitled to elect the number of directors prescribed in Section 11.5(b) above. At any such meeting or adjournment thereof in the absence of a quorum, a majority of such holders present in person or by proxy shall have the power to adjourn the meeting without notice, other than by an announcement at the meeting, to a date not more than 120 days after the original record date.

Appears in 15 contracts

Samples: Appendix (Pimco California Municipal Income Fund), Pimco California Municipal Income Fund, Pimco Municipal Income Fund

Voting Procedures. (i) As soon as practicable after the accrual of any right of the holders of Preferred Shares to elect additional trustees as described in Section 11.5(bparagraph 6(b) above, the Trust shall notify the Paying Agent and the Paying Agent shall call a special meeting of such holders and instruct the Auction Agent and any other registrar for Preferred Shares to mail holders, by mailing a notice of such special meeting to such holders, such meeting to be held not less than 10 nor more than 20 days after the date of mailing of such notice. If the Trust fails to send such notice to the Auction Paying Agent and any other applicable registrar, or if the Trust Paying Agent does not call such a special meeting, it may be called by any such holder on like notice. The record date for determining the holders entitled to notice of and to vote at such special meeting shall be the close of business on the fifth Business Day preceding the day on which such notice is mailed. At any such special meeting and at each meeting held during a Voting Period, such holders, voting together as a class (to the exclusion of the holders of all other securities and classes of capital shares of beneficial interest of the Trust), shall be entitled to elect the number of directors trustees prescribed in Section 11.5(bparagraph 6(b) aboveabove on a one-vote-per-share basis. At any such meeting or adjournment thereof in the absence of a quorum, a majority of such holders present in person or by proxy shall have the power to adjourn the meeting without notice, other than by an announcement at the meeting, to until a date not more than 120 days after the original record datequorum is present.

Appears in 4 contracts

Samples: Putnam Managed Municipal Income Trust, Putnam Managed Municipal Income Trust, Putnam Managed Municipal Income Trust

Voting Procedures. (i) As soon as practicable after the accrual of any right of the holders of shares of Preferred Shares to elect additional trustees as described in Section 11.5(bparagraph 6(b) above, the Trust shall notify the Paying Agent and the Paying Agent shall call a special meeting of such holders and instruct the Auction Agent and any other registrar for Preferred Shares to mail holders, by mailing a notice of such special meeting to such holders, such meeting to be held not less than 10 nor more than 20 days after the date of mailing of such notice. If the Trust fails to send such notice to the Auction Paying Agent and any other applicable registrar, or if the Trust Paying Agent does not call such a special meeting, it may be called by any such holder on like notice. The record date for determining the holders entitled to notice of and to vote at such special meeting shall be the close of business on the fifth Business Day preceding the day on which such notice is mailed. At any such special meeting and at each meeting held during a Voting Period, such holders, voting together as a class (to the exclusion of the holders of all other securities and classes of capital shares of beneficial interest of the Trust), shall be entitled to elect the number of directors trustees prescribed in Section 11.5(bparagraph 6 (b) aboveabove on a one-vote-per-share basis. At any such meeting or adjournment thereof in the absence of a quorum, a majority of such holders present in person or by proxy shall have the power to adjourn the meeting without notice, other than by an announcement at the meeting, to until a date not more than 120 days after the original record datequorum is present.

Appears in 3 contracts

Samples: Putnam Managed Municipal Income Trust, Putnam Managed Municipal Income Trust, Putnam Managed Municipal Income Trust

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Voting Procedures. (i) As soon as practicable after the accrual of any right of the holders of Preferred Shares shares of preferred shares to elect additional trustees Trustees as described in Section 11.5(bparagraph 6(b) above, the Trust shall notify the Paying Agent and the Paying Agent shall call a special meeting of such holders and instruct the Auction Agent and any other registrar for Preferred Shares to mail holders, by mailing a notice of such special meeting to such holders, such meeting to be held not less than 10 nor more than 20 days after the date of mailing of such notice. If the Trust fails to send such notice to the Auction Paying Agent and any other applicable registrar, or if the Trust Paying Agent does not call such a special meeting, it may be called by any such holder on like notice. The record date for determining the holders entitled to notice of and to vote at such special meeting shall be the close of business on the fifth Business Day preceding the day on which such notice is mailed. At any such special meeting and at each meeting held during a Voting Period, such holders, voting together as a class (to the exclusion of the holders of all other securities and classes of capital shares of beneficial interest of the Trust), shall be entitled to elect the number of directors Trustees prescribed in Section 11.5(bparagraph 6(b) aboveabove on a one-vote-per-share basis. At any such meeting or adjournment thereof in the absence of a quorum, a majority of such holders present in person or by proxy shall have the power to adjourn the meeting without notice, other than by an announcement at the meeting, to until a date not more than 120 days after the original record datequorum is present.

Appears in 1 contract

Samples: Putnam Municipal Opportunities Trust

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