Examples of Class A Trust Units in a sentence
Class A Trust Units are participating, with one vote per unit, no par value.
The interest of each Special Voting Unitholder shall be determined by the number of Special Voting Units registered in the name of the Special Voting Unitholder.For the purpose of facilitating the distribution of the Class A Trust Units via different distribution channels, the Trust may accept subscriptions by Trust Unitholders for Class A Trust Units pursuant to each of the Purchase Plans.
The Subscriber acknowledges that the Trust will pay an annual servicing fee equal to 1.00% per annum of the net asset value of the Units to registered dealers in respect of the Class A Trust Units, payable quarterly in arrears.
The Class M Trust Unitholders entitled to receive the Class A Trust Units issuable upon any such re-designation shall be treated for all purposes as the record holder or holders of such Class A Trust Units.3.3 Authorized Number of Trust Units The aggregate number of Trust Units and Special Voting Units which is authorized and may be issued hereunder is unlimited.3.4 Trust Units Non-Assessable No Trust Units shall be issued other than as fully paid and non-assessable.
The 112,350 Class A Trust Units are held directly or indirectly by Dr. Jivraj as follows: (i) 525 Class A Trust Units are held directly by Dr. Jivraj; (ii) 110,775 Class A Trust Units are held, directly and indirectly, by Munira Jivraj, the wife of Dr. Jivraj and (iii) 1,050 are held by Dr. Jivraj’s minor children.
The Class A Trust Units, Class A1 Trust Units, Class B Trust Units, Class B1 Trust Units, Class U Trust Units and Class U1 Trust Units carry identical rights and are subject to the same limitations, restrictions and conditions set out in the Deed of Trust, and the interest of each Unitholder shall be determined by the number of Units registered in the name of such Unitholder.
The Liquidating Trust Agreement shall provide that the Bank Group Claims represented by the Class A Trust Units will be paid in full, with interest, before any Distributions are made to the holders of any other Claims or Class of Claims or Liquidating Trust Units, except for Allowed Administrative Claims, Allowed Priority Tax Claims, and Allowed Priority Claims, if any.
The Trust shall, as soon as practicable after such delivery of an original copy of the instrument of conversion, issue and deliver or cause to be issued and delivered to the Class M Trust Unitholders, a certificate or certificates for the number of Class A Trust Units to which the Class M Trust Unitholder shall be entitled and shall surrender for cancellation a certificate or certificates for the number of Class M Trust Units so converted.
For the purpose of facilitating the distribution of the Class A Trust Units via different distribution channels, the Trust may accept subscriptions by Trust Unitholders for Class A Trust Units pursuant to each of the Purchase Plans.
On the Effective Date, the holders of Bank Group Claims shall each be issued Class A Trust Units in accordance with the provisions of the Liquidating Trust Agreement in the amount of their Allowed Claims.