Examples of GTU Units in a sentence
GTU Units may be deposited to the Offer in accordance with the provisions set forth in Section 3 of the Offer, "Manner of Acceptance".
GTU Unitholders have the right to withdraw GTU Units deposited under the Offer in the manner set forth in Section 8 of the Offer, "Withdrawal of Deposited GTU Units".
The Offeror will take-up and pay for Tendered GTU Units validly deposited under the Offer and not promptly withdrawn in the manner set forth in Section 6 of the Offer, "Take-up of and Payment for Tendered GTU Units".
The Offer is open for deposits of GTU Units until 5:00 p.m. (Toronto time) on September 18, 2015, or such later time or times and date or dates to which the Offer may be extended from time to time by the Offeror, in accordance with Section 2 of the Offer, "Extension, Variation or Change of the Offer", unless the Offer is withdrawn by the Offeror.
In connection with the legal proceeding, undertakings have been given that the Offeror, Sprott Physical Gold Trust and the Manager will not, pending the hearing of the application on July 29, 2015: (a) take-up or pay for any GTU Units deposited under the Offer; or (b) take any steps to exercise any rights or powers (including to vote) under the powers of attorney or proxies granted in connection with the deposit of GTU Units under the Offer.
The Offer is now open for deposits of GTU Units until 5:00 p.m. (Toronto time) on August 7, 2015, or such later time or times and date or dates to which the Offer may be extended from time to time by the Offeror, in accordance with Section 2 of the Offer, "Extension, Variation or Change of the Offer", unless the Offer is withdrawn by the Offeror.
At any meeting of GTU Unitholders, the Offeror will use the power of attorney found in section 12 of the Letter of Transmittal to vote Deposited GTU Units against any other matter that would materially and adversely impact, or otherwise frustrate, the Offer, the Merger Transaction or other matters related to (including approval of) the Offer or the Merger Transaction (or substantially similar transactions).
As soon as reasonably practicable after the completion of the transactions contemplated by Section 2.1 and Section 2.2, but subject to Section 2.4 and subject to the right of Sprott Asset Management Gold Bid LP to retain or reacquire one GTU Unit in its sole discretion, the GTU Trustees shall cause all of the outstanding GTU Units to be redeemed in exchange for the distribution, on a pro rata basis, to all of the GTU Unitholders of all of the Payment Units.
Unless otherwise directed by the Court, delivery of such Ballots will not be deemed to have been made until any irregularities have been cured or waived.
In particular, GTU Unitholders should be aware that the number of GTU Units deposited to the Offer as at its last scheduled expiry date (i.e. November 20, 2015) represented more GTU Units than were voted in total at the contested GTU Meeting involving Polar in the first half of 2015.