Units of the Trust definition

Units of the Trust means the units of the Trust designated as “Trust Units” in the Declaration of Trust, and any other security of the Trust into which such units may be subdivided, reclassified or changed from time to time.
Sample 1Sample 2

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).

Related to Units of the Trust

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • General Subaccount is defined in Section 8.02(a) of the Indenture.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Preferred Unit means a fractional share of the Partnership Interests that the General Partner has authorized pursuant to Sections 4.01, 4.03 or 4.04 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the OP Units.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.

  • Class A Common Units means the Company's Class A Common Units.

  • Common Interests of any Person means Capital Interests in such Person that do not rank prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to Capital Interests of any other class in such Person.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Capital Subaccount is defined in Section 8.02(a) of the Indenture.

  • Class A Preferred Stock means the Class A Preferred Stock of the Company, par value $0.0001 per share.

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • Class B Units means the Class B Units of the Company.

  • Common Interest means the limited liability company membership interest represented by the Common Units owned by a Common Member in the Company at any particular time, including the right of such Common Member to any and all benefits to which a Common Member may be entitled as provided in the Act, this Agreement, or otherwise, together with the obligations of such Common Member to comply with all terms and provisions of this Agreement and the Act.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.