Stapled Units definition

Stapled Units means a unit consisting of one Common Share, 100 Preferred Shares and one Series A Subordinate Note Receipt;

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Stapled Units means the stapled units of the Company or other securities or property (including cash) resulting from such change, subdivision, redivision, reduction, combination or consolidation, reclassification, capital reorganization, consolidation, amalgamation, arrangement, merger, sale or conveyance or liquidation, dissolution or winding-up or such other similar transaction, and “Stapled Unit” means any one of them;

Stapled Units means the stapled units of the Company consisting of, on the date of execution and delivery of this Indenture, one Common Share, 100 Preferred Shares and a Receipt; provided that in the event of a change or a subdivision, redivision, reduction, combination or consolidation thereof (or of any of the components thereof), any reclassification, capital reorganization, consolidation, amalgamation, arrangement, merger, sale or conveyance or liquidation, dissolution or winding-up, or such other similar transaction, or such successive changes, subdivisions, redivisions, reductions, combinations or consolidations, reclassifications, capital reorganizations, consolidations, amalgamations, arrangements, mergers, sales or conveyances or liquidations, dissolutions or windings-up, then, subject to adjustments, if any, having been made in accordance with the provisions of Section 6.5, “Stapled Units” shall mean the stapled units of the Company or other securities or property (including cash) resulting from such change, subdivision, redivision, reduction, combination or consolidation, reclassification, capital reorganization, consolidation, amalgamation, arrangement, merger, sale or conveyance or liquidation, dissolution or winding-up or such other similar transaction, and “Stapled Unit” means any one of them;

Examples of Stapled Units in a sentence

• No interest will be paid or accrued on any unpaid dividends and distributions or cash in lieu of fractional shares, if any, payable to holders of Certificates, Book-Entry Shares or Opco LLC Stapled Units.

• For purposes of establishing and maintaining the share register for the outstanding CN Voting Shares, CN and its Transfer Agent shall and shall be entitled at all times (subject only to the exercise of the Liquidation Call Right) to treat each registered holder of CN Stapled Units and of Newco Stapled Units as the registered holder of a number of CN Voting Shares equal to the aggregate number of CN Stapled Units and Newco Stapled Units held by such Person.

• Kick shall cause the shares of Kick Common Stock to be issued in the Initial LP Merger and such other shares of Kick Common Stock (including the shares of Kick Common Stock issuable pursuant to the OpCo LLC Agreement to holders of OpCo Stapled Units) to be reserved for issuance in connection with the Mergers, to be approved for listing on the NYSE, subject to official notice of issuance, prior to the Initial Effective Time.

• The aggregate net proceeds after expenses of such sale will be distributed by the Depositary, pro rata in relation to the respective fractions, among the Persons otherwise entitled to receive fractional interests in Newco Stapled Units.

• Newco will in good faith expeditiously take all such actions and do all such things as are reasonably necessary or desirable to cause all Newco Common Shares represented by Newco Stapled Units to be issued and delivered pursuant to the Exchange Right or the Automatic Exchange Rights to be listed, quoted or posted for trading on all stock exchanges and quotation systems on which such shares have been listed by Newco and remain listed and are quoted or posted for trading at such time.

• Nothing herein shall obligate the Company and the Trustee-Manager, for and on behalf of the Trust, to file any registration statement in respect of any rights or Share Stapled Units or other securities to be acquired upon the exercise of such rights.

• The Depositary may also set limits with respect to the number of ADSs and Share Stapled Units involved in Pre-Release Transactions with any one person on a case by case basis as it deems appropriate.

• If any present or future tax or other governmental charge shall become payable by the Depositary or the Custodian with respect to any Share Stapled Units, Deposited Securities, Receipts or ADSs, such tax or other governmental charge shall be payable by the Holders and Beneficial Owners to the Depositary and such Holders and Beneficial Owners shall be deemed liable therefor.

• The Depositary may receive ADSs in lieu of Share Stapled Units under (i) above and receive Share Stapled Units in lieu of ADSs under (ii) above.

• FrontFour and Sandpiper (together, the Parties, and each, a Party) and their related and affiliated entities, beneficially own or control, directly or indirectly, stapled units (the Stapled Units) of Granite Real Estate Investment Trust (the REIT) and Granite REIT Inc.

More Definitions of Stapled Units

Stapled Units means a unit consisting of one trust unit of Granite REIT and one common share of Granite GP.

Stapled Units means a stapled unit consisting of one Common Share, 100 Preferred Shares and a Subordinate Note Receipt.

Stapled Units. ’ means a unit consisting of one LIORC Share and one Subordinated Note Receipt.