Common use of Establishment of Voting Trust Clause in Contracts

Establishment of Voting Trust. 1.01. The establishment of this Agreement involves the selection of no less than three Voting Trustees with the qualifications set forth in Section 2.01. The Shares of the Corporation shall be delivered to the Voting Trustees by the Shareholder. DSS shall determine that all requirements of this Agreement have been satisfied including the necessary independence and separation of operation, lack of interdependence between the Affiliates on the one hand, and on the other, the Corporation and/or its subsidiaries, and the financial self-reliance and business viability of the Corporation.

Establishment of Voting Trust. 1.01. The establishment of this Agreement involves the selection of no less than three Voting Trustees with the qualifications set forth in Section 2.01. The Shares of the Corporation shall be delivered to the Voting Trustees by the Shareholder. DSS DCSA shall determine that all requirements of this Agreement have been satisfied including the necessary independence and separation of operation, lack of interdependence between the Affiliates on the one hand, and on the other, the Corporation and/or its subsidiaries, and the financial self-reliance and business viability of the Corporation.