Examples of Granite REIT Unitholders in a sentence
Unless required by law, the parties agree to propose for appointment by holders of Granite GP Common Shares and Granite REIT Unitholders, as applicable, the same accounting firm to serve as their respective independent auditors.
Except with respect to the matters specified above or as noted under “– Amendments to the Granite REIT Declaration of Trust – Amendments by Granite REIT Unitholders”, no vote of the Granite REIT Unitholders will in any way bind the Trustees.
The remaining operating policies set out under the heading “– Operating Policies” may be amended with the approval of a majority of the votes cast at a meeting of Granite REIT Unitholders.
The Granite REIT Declaration of Trust will contain further provisions as to quorum, the notice required and other procedures with respect to the calling and holding of meetings of Granite REIT Unitholders.
Granite REIT Units may also be issued in satisfaction of any non-cash distribution by Granite REIT to the Granite REIT Unitholders.
AMENDMENTS TO THE GRANITE REIT DECLARATION OF TRUST Amendments by Granite REIT Unitholders Except as noted below, the Granite REIT Declaration of Trust may be amended by the vote of a majority of the votes cast at a meeting of Granite REIT Unitholders called for that purpose.
The quorum for the transaction of business at a meeting of Granite REIT Unitholders will be two persons present in person who are, or who represent by proxy, Granite REIT Unitholders who, in the aggregate, hold at least 25% of the issued Granite REIT Units entitled to be voted at the meeting.
Granite REIT Unitholders may attend and vote at all meetings of the Granite REIT Unitholders either in person or by proxy and a proxyholder need not be a Granite REIT Unitholder.
Amendments to Investment Guidelines and Operating Policies Pursuant to the Granite REIT Declaration of Trust, all of the investment guidelines set out under the heading “– Investment Guidelines” and the operating policies contained in paragraphs (a), (c), (d), (f) and (g) under the heading “– Operating Policies” may be amended only with the approval of two-thirds of the votes cast at a meeting of Granite REIT Unitholders.
The annual meeting of Granite REIT Unitholders may be held at the same time and place as the annual meeting of holders of Granite GP Common Shares.