Initial Unitholder and “Initial Unit” have the meanings ascribed thereto in Section 2.1 hereof;

Initial Unitholder means Granite Real Estate Inc., the settlor of the Trust and holder of the initial Units issued by the Trust;

Initial Unitholder means the person named herein as the first unit holder of the Initial Trust Unit;

Examples of Initial Unitholder in a sentence

At such time, original capital of $400 by Millburn Ridgefield Corporation (the “Managing Owner”) and $1,600 by the Initial Unitholder, an affiliated entity, was contributed to the Trust.
At such time, original capital of $400 by the Millburn Ridgefield Corporation (the “Managing Owner”) and $1,600 by the Initial Unitholder, an affiliated entity, was contributed to the Trust.
At the request of the Trustee, the Trust will purchase and the Initial Unitholder will sell the Initial Unit for a purchase price of US$1,000.
The Initial Unitholder has surrendered the Initial Unit for cancellation and the Trust Property returned to the Trustee on June 8, 2012.
The Initial Unitholder will withdraw upon the admission of additional Unitholders.

More Definitions of Initial Unitholder

Initial Unitholder means Allison Taylor, an individual resident in the City of Calgary, in the Province of Alberta, as the initial holder of Trust Units.

Initial Unitholder means InterRent.

Initial Unitholder means the persons designated on Annex A hereto as receiving OP Units on the date hereof and/or May 25, 2017.

Initial Unitholder means European Commercial Real Estate Limited;

Initial Unitholder means the Settlor;

Initial Unitholder means Raphaël Amram and Jeremy Brisset, both of the Province of Québec;