Unitholders definition
Examples of Unitholders in a sentence
In the event that the Depositor determines that an audit is required, the accounts of each Trust shall be audited not less than annually by independent public accountants designated from time to time by the Depositor and reports of such accountants shall be furnished by the Trustee, upon request, to Unitholders.
The reimbursement provided for in this Section shall be for the account of the Unitholders of record at the conclusion of the primary offering period.
Any amounts remaining from moneys drawn on the Letter of Credit which are not used to purchase Replacement Securities or are not used to provide refunds to Unitholders shall be paid to the Depositor.
For Trusts in which the applicable Prospectus provides that the entire Creation and Development Fee will be assessed at the conclusion of the initial offering period, the reimbursement provided for in this Section shall be for the account of Unitholders of record at the conclusion of the initial offering period and shall have no effect on the Unit Value prior to such date.
If required by the rules and regulations of any stock exchange on which the Units are then listed, at or prior to the annual meeting of the unitholders of the REIT in the year 2027, and at every third annual meeting thereafter, provided that a Flip-in Event has not occurred prior to such time, the Trustees shall submit a resolution ratifying the continued existence of this Agreement to all holders of Units and Special Voting Unitholders for their consideration and, if thought advisable, approval.