Examples of CSH Trust in a sentence
Items such as principal repayments, capital expenditures, variances in operating results and redemption of units, if any, or the failure of CSH Trust or Master LP to make distributions, may affect AFFO and, therefore, distributions.
Trustees of Chartwell Retirement Residences and CSH Trust, as well as Directors of Chartwell Master Care Corporation will, from time to time, in their individual capacities deal with parties with whom we may be dealing or may be seeking investments similar to those desired by us.
The relevant constating documents of Chartwell Retirement Residences, CSH Trust and Chartwell Master LP contain conflict of interest provisions requiring our Trustees, CSH Trustees and Directors to disclose material interests in material contracts and transactions and to refrain from voting thereon.
For greater certainty, the Trust’s property shall not form part of or include the assets of CSH Trust and/or Master LP or any other person, except to the extent that legal title to such property is held by the Trustees on behalf of the Trust.
Notwithstanding anything else contained in this Declaration of Trust, the Trust shall not make any investment, take any action or omit to take any action that would result in the Trust failing or ceasing to qualify as a “mutual fund trust” or a “registered investment” within the meaning of the Tax Act; that would result in the Trust Units being disqualified for investment by Deferred Income Plans; or that would result in CSH Trust being liable to pay tax imposed under Part XII.2 of the Tax Act.
The constating documents of each of CSH Trust and Master LP provide for distributions consistent with such requirements and the Trustees shall not amend such constating documents with respect to distributions without the approval of Unitholders by a majority of votes cast at a duly called meeting.
As Exchangeable Securities are surrendered for Trust Units or redeemed or purchased for cancellation by the Trust or by CSH Trust, the corresponding Special Voting Units shall automatically be redeemed by the Trust for an amount, per each Special Voting Unit, equal to 0.0000001 of the Redemption Price (the “Special Voting Unit Redemption Amount”), shall be cancelled and shall no longer be outstanding and shall not be reissued.
The relevant constating documents of Chartwell, CSH Trust and Master LP contain conflict of interest provisions requiring our Trustees, CSH Trustees and Directors to disclose material interests in material contracts and transactions and to refrain from voting thereon.
The assets of the Trust may be invested, directly or indirectly, only in securities of CSH Trust, Master LP and Trustee Corp.
While we intend for such distributions to be at least equal to 70% of our AFFO for a specified year, items such as principal repayments, capital expenditures, variances in operating results and redemption of units, if any, or the failure of CSH Trust or Master LP to make distributions, may affect AFFO and, therefore, distributions.