Unitholder definition
Examples of Unitholder in a sentence
Notwithstanding anything to the contrary in the Standard Terms and Conditions of Trust, no Unitholder other than the Depositor may request a distribution of Securities in-kind pursuant to Sections 6.02, 6.04 or 9.02.
Within five (5) days after such deposit, notice of such exchange and deposit shall be given by the Trustee to each Unitholder of such Trust, including an identification of the Bonds eliminated and the securities substituted therefor.
The consent or concurrence of any Unitholder hereunder shall not be required for any such adjustment or increase.
If such Unitholder owns the minimum number of Units set forth in a Trust’s Prospectus, such notice shall further indicate that such Unitholder may elect to receive an In Kind Distribution in connection with the termination of such Trust (as described in Section 6.02).