Fund Unitholder definition

Fund Unitholder means a holder of record of any Fund Unit;
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Fund Unitholder means registered holders of Fund Units; (uu) "Fund Units" means trust units of the Fund;
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Examples of Fund Unitholder in a sentence

  • The Corporations Act requires that, on a vote of the Magellan Global Fund decided by a poll, each Magellan Global Fund Unitholder will have one vote for each dollar of value of Closed Class Units or Open Class Units held.

  • The above is only a summary of some of the provisions in the Trust Deed (and the provisions deemed to be contained in the Trust Deed under the Regulations) and any specific reference must be made to the Trust Deed and to the Regulations.

  • A Magellan Global Fund Unitholder holds a unit in Magellan Global Fund subject to the rights and obligations attaching to that unit.

  • The Magellan Global Fund Constitution sets out the process required for a person to obtain approval from Magellan Global Fund Unitholders (or a Class) for a proportional takeover bid.Transfers of Magellan Global Fund Units resulting from a Magellan Global Fund Unitholder accepting an offer under a proportional takeover bid will be prohibited unless this process is followed.

  • Meetings of Magellan Global Fund Unitholders in a Class can be called and held in the same manner as applies to Magellan Global Fund Unitholder Meetings.

  • Because the precise effect and extent of this protection is yet to be determined by the courts, the Magellan Global Fund Constitution also states that a Magellan Global Fund Unitholder’s liability is limited to the amount the Magellan Global Fund Unitholder subscribed or agreed to be subscribed for their Units (subject to the Magellan Global Fund Constitution itself and the terms of a class of Units) but again, courts are yet to determine the effectiveness of provisions of this kind.

  • The net Redemption amount of the Fund Unitholder equals to the Redemption amount minus the Redemption fee.

  • Upon ceasing to be a resident of Canada, a Fund Unitholder must terminate his or her participation in the DRIP.

  • The Manager may, in exceptional circumstances, consolidate the number of outstanding Fund Units after a distribution of additional Fund Units, so that each Fund Unitholder holds the same number of Fund Units held before the distribution of additional Fund Units.

  • Distributions to Fund Unitholders in excess of the net income and net realized capital gains, if any, of the Fund, will generally result in a reduction in the adjusted cost base of the Fund Units to the Fund Unitholder.

Related to Fund Unitholder

  • Unitholder means a person holding units in the scheme of the Mutual Fund.

  • Unitholders means the holders of Units.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Unit Holder means the owner of one or more Units.

  • Class B Units means the Class B Units of the Company.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled, as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Units (other than GP Units).

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Partnership Interest means an ownership interest in the Partnership representing a Capital Contribution by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Partnership Interest may be expressed as a number of Partnership Units.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.