Lot Holder definition

Lot Holder or “Lot Owner” means the person or persons:

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Lot Holder means the recorded owner of the burial rights, either by purchase or who hold the rights by inheritance or transfer.

Lot Holder or “Lot Owner” shall mean the person(s) who have purchased interment rights or who hold same by right of inheritance.

Examples of Lot Holder in a sentence

From and after the Effective Time until and including the Proceeds Date, share certificates representing Common Shares will represent the right to obtain the consideration issued pursuant to the Plan of Arrangement, consisting of $35.00 or one Unit per Common Share or a combination thereof (other than certificates in the name of a Dissenting Shareholder or a Small Non-Board Lot Holder) in accordance with the elections made by the holder, subject to pro-ration hereunder.
The Election Form shall provide each such shareholder the opportunity to elect to receive the All Cash Consideration in the event that they are an Odd Lot Holder.
For purposes of the Offer, the term "Odd Lots" shall mean all Shares properly tendered prior to the Expiration Date at prices at or below the Purchase Price and not properly withdrawn by any person who owned, beneficially or of record, an aggregate of fewer than 100 Shares and so certified in the appropriate place on the Letter of Transmittal and, if applicable, on the Notice of Guaranteed Delivery ("Odd Lot Holder").
Any Odd Lot Holder wishing to tender all of such shareholder's Shares pursuant to this Section should complete the box captioned "Odd Lots" on the Letter of Transmittal and, if applicable, on the Notice of Guaranteed Delivery.
In order to qualify for this preference, an Odd Lot Holder must tender all such Shares owned in accordance with the procedures described in Section 3.
By accepting the Offer, an Odd Lot Holder who has Shares registered in his own name and who tenders directly to the Depositary would not only avoid the payment of brokerage commissions but also would avoid any applicable odd lot discounts on a sale of such Shares.
By accepting the Offer, an Odd Lot Holder who holds Shares in its name and tenders its Shares directly to the Depositary would not only avoid the payment of brokerage commissions, but also would avoid any applicable odd lot discounts in a sale of the holder's Shares.
To avoid proration, however, an Odd Lot Holder must validly tender at or below the Purchase Price all such Shares that such Odd Lot Holder beneficially owns.
For purposes of the Offer, the term "Odd Lots" shall mean all Shares properly tendered prior to the Expiration Date at prices at or below the Purchase Price and not properly withdrawn by any person (an "Odd Lot Holder") who owns beneficially or of record an aggregate of fewer than 100 Shares and so certifies in the appropriate place on the Letter of Transmittal and, if applicable, on the Notice of Guaranteed Delivery.
The proration factor will be multiplied by the number of shares tendered by each tendering shareholder, other than an Odd Lot Holder.

More Definitions of Lot Holder

Lot Holder means the person in whose name an easement right of Burial is registered in the records of the Cemetery and, where the Burial of the Lot Holder has taken place, includes a person or persons who have acquired ancillary rights with respect to the Grave;

Lot Holder means the individual assigned or leased a specific lot upon tribal lands.

Lot Holder. ', means the person or persons; (a) to whom the Cemetery Authority has conveyed a right or rights of interment; or (b) who acquired such right or rights by transfer in accordance with these rules and regulations, or (c) who holds such right or rights by inheritance.

Lot Holder means the person or entity whose details are contained in the Schedule and who has reserved a lot in the development by way of executing the Lot Reservation Agreement and paid the Lot Reservation Fee in full;