Trust Units definition

Trust Units means units of the Trust;

Trust Units means those equal, undivided portions into which the Beneficial Interests in the Trust Assets are divided, as evidenced on the books and records of the Trust.

Trust Units means trust units of the Trust;

Examples of Trust Units in a sentence

• Such information is being collected by the Trust, the Trustee and the Agent for the purposes of completing the Offering, which includes, without limitation, determining the Subscriber's eligibility (or that of any disclosed beneficial purchaser) to purchase the Trust Units under applicable securities laws, preparing and registering certificates representing the Trust Units to be issued to the Subscriber and completing filings required by any stock exchange or securities regulatory authority.

• The Trustee will be deemed to have accepted this Subscription Agreement upon the delivery at Closing of the certificates representing the Trust Units to the Subscriber or upon the direction of the Subscriber in accordance with the provisions hereof.

• Ownership of the entire Beneficial Interest shall be divided into 12,165,732 Trust Units.

• The Subscriber acknowledges that the Agent has been appointed by the Trust to act as the agent of the Trust to market the Trust Units on a commercially reasonable private placement basis and, in connection therewith, the Trust and the Agent have entered into or will prior to the Closing Time enter into an agreement (the "Agency Agreement") pursuant to which the Agent, in connection with the issue and sale of the Trust Units, will receive compensation from the Trust.

• The Trust Units shall be uncertificated and ownership thereof shall be evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the Trustee.

More Definitions of Trust Units

Trust Units means Subordinated Units and Common Units, collectively.

Trust Units means the units of the Trust, each unit representing an equal undivided beneficial interest in the Trust.

Trust Units has the meaning set forth in the recitals hereof.

Trust Units means those equal, undivided portions into which the Beneficial Interests in the Partnership's Trust Assets are divided, as evidenced on the books and records of the Trust.

Trust Units means uncertificated, undivided pro rata fractional interests in the Beneficial Interest, determined as hereinafter provided.

Trust Units means the share of assets held by the Program for an Account Owner with respect to a particular Investment Option.

Trust Units means the trust units of the Fund, each representing an equal undivided beneficial interest in the Fund;