Fund Unitholder definition

Fund Unitholder means a holder of record of any Fund Unit;
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Fund Unitholder means registered holders of Fund Units; (uu) "Fund Units" means trust units of the Fund;
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Examples of Fund Unitholder in a sentence

  • The Corporations Act requires that, on a vote of the Magellan Global Fund decided by a poll, each Magellan Global Fund Unitholder will have one vote for each dollar of value of Closed Class Units or Open Class Units held.

  • The assessment is limited to CO2 balances and economic costs of the various mitigation options.

  • The Magellan Global Fund Constitution sets out the process required for a person to obtain approval from Magellan Global Fund Unitholders (or a Class) for a proportional takeover bid.Transfers of Magellan Global Fund Units resulting from a Magellan Global Fund Unitholder accepting an offer under a proportional takeover bid will be prohibited unless this process is followed.

  • A Magellan Global Fund Unitholder holds a unit in Magellan Global Fund subject to the rights and obligations attaching to that unit.

  • Meetings of Magellan Global Fund Unitholders in a Class can be called and held in the same manner as applies to Magellan Global Fund Unitholder Meetings.

  • The net Redemption amount of the Fund Unitholder equals to the Redemption amount minus the Redemption fee.

  • Because the precise effect and extent of this protection is yet to be determined by the courts, the Magellan Global Fund Constitution also states that a Magellan Global Fund Unitholder’s liability is limited to the amount the Magellan Global Fund Unitholder subscribed or agreed to be subscribed for their Units (subject to the Magellan Global Fund Constitution itself and the terms of a class of Units) but again, courts are yet to determine the effectiveness of provisions of this kind.

  • Distributions to Fund Unitholders in excess of the net income and net realized capital gains, if any, of the Fund, will generally result in a reduction in the adjusted cost base of the Fund Units to the Fund Unitholder.

  • The Manager may, in exceptional circumstances, consolidate the number of outstanding Fund Units after a distribution of additional Fund Units, so that each Fund Unitholder holds the same number of Fund Units held before the distribution of additional Fund Units.

  • Upon ceasing to be a resident of Canada, a Fund Unitholder must terminate his or her participation in the DRIP.

Related to Fund Unitholder

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • LTIP Unitholder means a Partner that holds LTIP Units.

  • Unitholder means a person holding units in the scheme of the Mutual Fund.

  • Unitholders means the holders of Units.

  • Adjusted Unitholders Equity” means, at any time, the aggregate of the amount of Unitholders’ equity and the amount of accumulated depreciation recorded in the books and records of the REIT in respect of its Properties, calculated in accordance with generally accepted accounting principles.

  • Limited Partner means any Person named as a Limited Partner in Exhibit A attached hereto, as such Exhibit may be amended from time to time, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner in the Partnership.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Unit Holder means the owner of one or more Units.

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

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • GP Units means the ordinary general partnership securities of the Partnership.

  • Class B Unit means a Partnership Unit that is specifically designated by the General Partner as being a Class B Unit.

  • Economic Interest Owner means the owner of an Economic Interest who is not a Member.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued pursuant to Sections 4.1, 4.2 and 4.3 and includes any classes or series of Partnership Units established after the date hereof. The number of Partnership Units outstanding and the Percentage Interests in the Partnership represented by such Partnership Units are set forth in Exhibit A, as such Exhibit may be amended from time to time. The ownership of Partnership Units shall be evidenced by such form of certificate for Partnership Units as the General Partner adopts from time to time unless the General Partner determines that the Partnership Units shall be uncertificated securities.

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.