Common use of Unit Register Clause in Contracts

Unit Register. The registrar appointed herein under Section 14.1 shall maintain records of the name and address of each Unitholder of each Fund and the number of Units of that Fund from time to time held by him and such records shall be available at the offices of the registrar in Vancouver, British Columbia or in such other office in Canada as may seem appropriate to the Trustee with the consent of the Manager. The registrar shall maintain participation records for each Fund, showing with respect to each Unitholder in that Fund: (a) the series and date of each issue of Units of that Fund to such Unitholder, the number of such Units issued and the amount for which each such Unit is issued; (b) the date of each withdrawal of Units of that Fund, the number of such Units withdrawn and the Series Net Asset Value per Unit at which each such Unit is withdrawn; (c) the number of Units of that Fund held immediately after any subdivision or consolidation of Units of that Fund; (d) the number of Units of that Fund currently held; and (e) the date and details of each distribution of that Fund to such Unitholder. The Funds, the Trustee (in its capacity as such, regardless of the fact that the Trustee may be or may have been such record keeper) and the Manager shall at all times be entitled to rely entirely upon the records maintained by the record keeper as a record of ownership and the registered owners of Units shall be deemed to be the true owners thereof for all purposes hereof.