Examples of Units of the Trust in a sentence
In consideration of its services hereunder, the Manager shall receive a management fee in respect of the series offered by each Trust at the maximum annual rate set forth below for each such series of Units (expressed as a percentage of the net asset value of the applicable series of Units of the Trust, unless otherwise stated).
Forthwith upon being required to commence to discharge the liabilities of and liquidate the Trust, the Trustees shall give notice thereof to the Unitholders, which notice shall designate the time or times at which Unitholders may surrender their Units for cancellation and the date at which the Register of Units of the Trust shall be closed.
Unitholders holding in the aggregate not less than 5% of the outstanding Units of the Trust may requisition the Trustees to call a special meeting of the Unitholders for the purposes stated in the requisition.
In consideration of its services hereunder, the Manager shall receive a preferred units management fee in respect of the preferred units series offered by each Trust at the maximum annual rate set forth below for each such series of Units (expressed as a percentage of the net asset value of the applicable series of Units of the Trust, excluding any preferred return as defined in the applicable disclosure documents).
Without limiting the generality of the foregoing, any issuance or delivery of debt or equity securities (other than non-convertible debt securities) of the Trust upon the exercise of Rights and any amendment or supplement to this Agreement shall be subject to the prior acceptance, approval or consent of the Toronto Stock Exchange or any other exchange upon which the Units of the Trust may be listed.
Notwithstanding the foregoing, (i) no amendment may be made pursuant to this Section 13.1 which would change any rights with respect to any outstanding Units of the Trust by reducing the amount payable thereon upon liquidation of the Trust or which would diminish or eliminate any voting rights of the Participants; and (ii) no amendment may be made which would modify any of the investment restrictions contained in Section 4.2 hereof.
The Participant hereby irrevocably elects to participate for the number of Units of the Trust Fund that transferred assets (the “Payments”) will secure as of the date this Participation Agreement, subject to the participation being accepted by the Investment Committee of the Board of Directors of the Trustee (the “Investment Committee”).
The Manager shall not be liable to any Trust or to any security holder for any loss or damage relating to any matter regarding such Trust, including any loss or diminution in the net asset value of the Trust or of any series of Units of the Trust.
The Units of the Trust of any Series governed by Section 10.2 shall be subject to reduction in number pursuant to the procedure for reduction of Units set forth in Section 10.2 hereof in order to maintain a constant net asset value per Unit.
In consideration of its services hereunder, the Manager shall receive a management fee in respect of the series offered by each Trust at the maximum annual rate set forth below for each such series of Units (expressed as a percentage of the net asset value of the applicable series of Units of the Trust).