Common use of Meetings of Unitholders Clause in Contracts

Meetings of Unitholders. ‌ (a) Meetings of Unitholders as a whole or of any class or series of Unitholders of a Fund may be convened by the Manager from time to time as it may deem advisable by giving notice to the Unitholders in accordance with the notice provisions following. Meetings of Unitholders as a whole of a Fund shall be convened to consider and approve: (i) any matter which pursuant to Securities Legislation must be submitted to Unitholders for approval; and (ii) any amendment to this Trust Agreement as may be required by Section 18.2 or otherwise in accordance with the terms of the Trust Agreement. (b) The expenses incurred in calling and holding a meeting of Unitholders shall be expenses of the respective Fund. (c) If required by Securities Legislation or if the Manager determines that any matter would affect Unitholders of one or more particular class or series of Units of a Fund in a manner materially different from the Unitholders as a whole of the Fund, the Manager shall convene separate meetings of Unitholders of those classes and/or series. The meetings may be held concurrently and Unitholders shall be entitled to vote separately as a class or series, as applicable, with respect to any of these matters. (d) The consent of the Manager and the Trustee is required to any amendment to this Trust Agreement approved by the Unitholders, if the amendment restricts any protection provided to the Manager and/or the Trustee or impacts the responsibilities of the Manager and/or the Trustee.