Examples of Unitholder in a sentence
The number of Units in a Trust may be increased through a split of the Units or decreased through a reverse split thereof, as directed by the Depositor, on any day on which the Depositor is the only Unitholder of such Trust, which revised number of Units shall be recorded by the Trustee on its books.
The consent or concurrence of any Unitholder hereunder shall not be required for any such adjustment or increase.
The Trustee shall have no liability to any Unitholder or other person for any payment made in good faith pursuant to this Section.
The Depositor shall cause to be refunded to each Unitholder his pro rata portion of the sales charge levied on the sale of Units to such Unitholder attributable to such Failed Contract Security.
The consent or concurrence of any Unitholder hereunder shall not be required for any such adjustment or increase, however, the consent of the Depositor shall be required.