Units to Rank Pari Passu Sample Clauses

Units to Rank Pari Passu. All Units and fractions thereof represent an undivided share in the Scheme and shall rank pari passu according to the number of Units held by each Unit Holder, including as to the rights of the Unit Holder(s) in the Net Assets, earnings and the receipt of the dividends and distributions. Each Unit Holder has a beneficial interest in the Trust proportionate to the Units and fractions held by such Unit Holder and shall have such rights as are set out in this Deed and the Offering Document.
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Units to Rank Pari Passu. 5.3.1 The Trustee shall hold and stand possessed of the Trust Property on trust for the benefit of the Unit Holders. All Units and fractions thereof represent an undivided share in the Scheme and shall rank pari passu according to the number of Units held by each Unit Holder, including as to the rights of the Unit Holder(s) in the Net Assets, earnings and the receipt of the dividends and distributions. Each Unit Holder has a beneficial interest in the Trust proportionate to the Units held by such Unit Holder and shall have such rights as are set out in this Trust Deed and the Offering Document.
Units to Rank Pari Passu. 4.3.1 All Units and fractions thereof represent an undivided share in the Scheme and shall rank pari passu according to the number of Units held by each Unit Holder, including as to the rights of the Unit Holders in the Net Assets, earnings and the receipt of the dividends and distributions. Each Unit Holder has a beneficial interest in the Trust proportionate to the Units held by such Unit Holder and shall have such rights as are set out in this Deed and the Offering Document. Different classes of Units may however be offered/issued with different Front-end Load or Back-end Load and different features as to income and accumulation of Units as provided in the Offering Document.
Units to Rank Pari Passu. All Units and fractions thereof represent an undivided share in the Scheme and shall rank pari passu according to the number of Units held by each Unit Holder, including as to the rights of the Unit Holders in the Net Assets, earnings and the receipt of the dividends and distributions. Each Unit Holder has a beneficial interest in the Trust proportionate to the Units held by such Unit Holder and shall have such rights as are set out in this Deed and the Offering Document. It may be noted that different classes of units may be offered / issued with different Sales Load and different features as to income and accumulation units to be provided in the Offering Document. Restricted/Core Units subscribed by the Core Investors shall however be offered and issued at par and shall not be redeemable (but are transferable) for a period of two years from the close of Initial Period. A mention of such restriction and its termination date shall be entered into the Register and shall be noted on any Certificate issued in respect of such Units.

Related to Units to Rank Pari Passu

  • Pari Passu Its obligations under this Agreement rank pari passu with all of its other unsecured, unsubordinated obligations except those obligations preferred by operation of law."

  • Pari passu ranking Each Obligor must ensure that its payment obligations under the Finance Documents rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

  • Units of Measurement In all correspondence, in all technical schedules, on all drawings and for all instrument scales, SI units of measurement are to be employed. On drawings where IEC or other units have been used it will be in order if the equivalent SI measurement is suitably marked in addition.

  • Ranks 25.3.1 Full-responsibility faculty Members shall be appointed at one of the following ranks:

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