Preference Units. (a) Subject to this Deed, the Trustee may issue Preference Units to which the following rights, powers, obligations, liabilities and restrictions attach: (i) the Preference Units have the right to receive distributions of Distributable Income in priority to Ordinary Units; (ii) the only voting rights are as expressly provided in this Deed or the terms of issue; and (iii) unless otherwise expressly provided for in this Deed, the Preference Units have no right to receive a return of capital from the Trust. (b) While the Unit Holders Deed is in force and subject to this Deed, the Trustee may issue Preference Units, the terms of issue of which must be as set out in this Deed and the Unit Holders Deed and as summarised in schedule [10] of the Unit Holders Deed.
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Samples: Reference User Funding Agreement (Rufa), Trust Deed, Trust Deed
