Unit Ownership Limit definition

Unit Ownership Limit means not more than nine and eight tenths percent (9.8%) for Class A Units (or such other amount designated by the Manager in the aggregate or with respect to any class or series of Units) (i) in value of the aggregate of the outstanding Units or (ii) in value or number of Units, whichever is more restrictive, of the outstanding Class A Units.

Unit Ownership Limit means 9.8% (in value or in number of Units, whichever is more restrictive), and subject to adjustment from time to time by the Trustees in accordance with Section 8.2(h) of the aggregate of the outstanding Units, excluding any such outstanding Units which are not treated as outstanding for U.S. federal income tax purposes. Notwithstanding the foregoing, for purposes of determining the percentage ownership of Units by any Person, Units that are treated as Beneficially Owned or Constructively Owned by such Person shall be deemed to be outstanding. The number and value of outstanding Units shall be determined by the Board of Trustees in good faith, which determination shall be conclusive for all purposes hereof. 8.2 Units (a) Ownership Limitations.

Unit Ownership Limit means 9.8 percent (or such other amount designated by the Trustee in accordance with the Trust Deed in the aggregate or with respect to any class or series of Units) (i) in value of the aggregate of the outstanding Units or (ii) in value or number of Units, whichever is more restrictive.The issue price of the Management Fee Units will be based on the volume weighted average price for a Unit for all trades on Singapore Exchange Securities Trading Limited (the “

Examples of Unit Ownership Limit in a sentence

• For the avoidance of doubt, the Automatic Forfeiture is effective automatically, whether or not the Trustee or the Manager is aware of the change in ownership or aware of the fact that the Unit Ownership Limit has been breached and without any requirement for notice by the Trustee or the Manager.

• The Trust Deed provides that Units held directly or indirectly by any person in excess of the Unit Ownership Limit will be automatically forfeited and held by the Trustee (“Automatic Forfeiture”).

• The Trust Deed provides that Units held directly or indirectly by any person in excess of the Unit Ownership Limit will be automatically forfeited and held by the Trustee (as defined below) (“Automatic Forfeiture”).

• As a result, the Company is exposed to fluctuations in the foreign exchange rates between Canadian dollar and the currency in which a particular sale is transacted, which may result in foreign exchange losses that could affect earnings.Competition The industry is competitive and PyroGenesis competes with a substantial number of companies which have greater technical and financial resources.

• Unitholders are advised to manage their interests in the Units so as not to breach the Unit Ownership Limit and trigger the Automatic Forfeiture.

• The BDF room typically houses: ▪ Racks or cabinets for equipment and cable ladder system to support cable and connections to various pieces of equipment with supporting grounding infrastructure and electrical outlets.▪ LAN equipment, such as routers, switches or fiber optic interface equipment for within-building or campus communications.▪ Voice copper backbones, protectors, terminations and patch panels.▪ Fiber backbones, terminations and patch panels.

• Unitholders are advised to manage their interests in the Units so as not to breach the Unit Ownership Limit and trigger the Automatic Forfeiture.CURRENCY ELECTIONDistributions will be declared in U.S. dollars.

• If there is an excess in the disposal price of the forfeited Units above the price paid by such Unitholder for the same forfeited Units, the excess shall be donated by the Trustee to a charitable, philanthropic or benevolent organisation or purpose.For the avoidance of doubt, the Automatic Forfeiture is effective automatically, whether or not the Trustee or the Manager is aware of the change in ownership or aware of the fact that the Unit Ownership Limit has been breached.

• Manipur had the highest and Mizoram the lowest poverty ratio in India.

• Substantial Unitholders are advised to manage their interests in the Units so as not to breach the Unit Ownership Limit and trigger the Automatic Forfeiture.