Ordinary Trust Units definition

Ordinary Trust Units means the ordinary Trust Units of the Trust created, issued, and certified under the Trust Indenture and for the time being outstanding and entitled to the benefits thereof;
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Examples of Ordinary Trust Units in a sentence

  • The aggregate number of Ordinary Trust Units, Special Trust Units and Special Voting Units that are authorized and may be issued hereunder is unlimited.

  • The beneficial interests in the Trust shall be divided into two classes of Trust Units, described and designated as Ordinary Trust Units and Special Trust Units, which shall be entitled to the rights and subject to the limitations, restrictions and conditions set out herein; and the interest of each Unitholder shall be determined by the number of Ordinary Trust Units or Special Trust Units registered in the name of the Unitholder.

  • All Trust Units of the Trust issued and outstanding prior to the date hereof are and shall be deemed to be Ordinary Trust Units and unless otherwise designated as Special Trust Units, all Trust Units issued after the date hereof shall be deemed to be Ordinary Trust Units.

  • The 1,000 Trust Units of the Trust originally issued on settlement of the original Trust Indenture to the Settlor, are and shall be deemed to be 1,000 Ordinary Trust Units.

  • The authorized capital consists of an unlimited number of Ordinary Trust Units, Special Trust Units and Special Voting Units.

  • The beneficial interests in the Trust shall be divided into two classes of trust units, described and designated as Ordinary Trust Units and Special Trust Units, which shall be entitled to the rights and subject to the limitations, restrictions and conditions set out herein; and the interest of each Unitholder shall be determined by the number of Ordinary Trust Units or Special Trust Units registered in the name of the Unitholder.

  • Unless otherwise specifically designated as such, all references to Trust Units or Units in this short form prospectus are deemed to be references to Ordinary Trust Units.

  • Senior Notes279Convertible Debentures543Total Debt2,344Total Unitholders' Equity2,692Total Capitalization$5,036 DESCRIPTION OF TRUST UNITS Trust Units Concurrent with the closing of the Viking Arrangement on February 3, 2006, the Trust is authorized to issue two classes of trust units, described and designated as Ordinary Trust Units and Special Trust Units, pursuant to the Trust Indenture.

  • The Ordinary Trust Units represented by this certificate are issued upon the terms and subject to the conditions of a fourth amended and restated indenture (which indenture together with all other instruments supplemental or ancillary thereto is herein referred to as the "Trust Indenture") dated January 1, 2008, as amended and/or amended and restated and made between Harvest Operations Corp.

  • A copy of the Trust Indenture pursuant to which this certificate and the Ordinary Trust Units represented hereby are issued may be obtained by any Unitholder on demand and on payment of reasonable reproduction costs from the head office of the Trust.

Related to Ordinary Trust Units

  • Trust Units means the units of the Trust.

  • Trust Unit means units in the capital of the Trust;

  • unit trust means any trust established for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property.

  • Trust Common Securities means the securities representing common undivided beneficial interests in the assets of the Trust.

  • Share Trustee means Monument Trustees Limited, with its registered office at 57 Herbert Lane, Dublin 2, Ireland and CRO number 345558, and any successor thereto.

  • New Securities Trustee means a bank or trust company reasonably satisfactory to the Initial Purchasers, as trustee with respect to the New Securities under the New Securities Indenture.

  • Property Trustee means the Person identified as the “Property Trustee” in the Trust Agreement, solely in its capacity as Property Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Property Trustee appointed as therein provided.

  • Statutory Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq.

  • Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq., as the same may be amended from time to time.

  • Trust Shares has the meaning ascribed thereto in Section 2.2.

  • unit trust scheme means any arrangements made for the purpose, or having the effect, of providing for persons having funds available for investment, facilities for the participation by them, as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of any property whatsoever;

  • Administrative Trustee means each of the Persons identified as an “Administrative Trustee” in the preamble to this Trust Agreement, solely in each such Person’s capacity as Administrative Trustee of the Trust and not in such Person’s individual capacity, or any successor Administrative Trustee appointed as herein provided.

  • NIM Securities Any debt securities secured or otherwise backed by some or all of the Class X and Class P Certificates that are rated by one or more Rating Agencies.

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Common Securities means the securities representing common undivided beneficial interests in the assets of the Issuer.

  • Trust Securities means the Common Securities and the Capital Securities.

  • Initial Trustee shall have the meaning defined in the preamble hereto.

  • Portfolio Securities or "investments" of the Series shall mean, respectively, such assets, net assets, securities, portfolio securities or investments which are from time to time under the management of the Subadviser pursuant to this Agreement.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Supplemental Interest Trust Trustee Xxxxx Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Underlying Securities Trustee means The Bank of New York.

  • Lock-Up Securities shall have the meaning set forth in Section 4.1.

  • Majority Trustee Vote means the vote of a majority of the Trustees;