Examples of Fund Unitholders in a sentence
Without limiting the generality of the foregoing, each Party shall ensure that the Joint Circular provides the Fund Unitholders and the IRE Shareholders with information in sufficient detail to permit them to form a reasoned judgment concerning the matters to be placed before them at the Fund Meeting and the IRE Meeting, respectively.
This Plan of Arrangement will become effective on, and be binding on and after, the Effective Time on IRE, the IRE Shareholders (including the Dissenting IRE Shareholders), the Fund and the Fund Unitholders.
The IPT Board, after receipt of a unanimous favourable recommendation from the IPT Committee and consultation with its financial and legal advisors, has unanimously (with the three nominees of IRE on the IPT Board abstaining) determined that the Arrangement is fair to the Fund Unitholders (other than IRE) and is in the best interests of the Fund and such Fund Unitholders and has unanimously resolved to recommend that the Fund Unitholders (other than IRE) vote their Fund Units in favour of the Arrangement.
As soon as practicable following the date hereof, the Fund and IRE shall proceed to effect the reorganization and combination of their respective businesses by way of a plan of arrangement under section 192 of the CBCA and in respect of which Arrangement, on the Effective Date, on the terms and subject to the conditions contained in the Plan of Arrangement, Fund Unitholders shall receive 1.46 IRE Shares for each Fund Unit held.
All of the IRE Shares to be issued by IRE to the Fund Unitholders in connection with the Arrangement have been duly authorized for issuance and, at the Effective Time, will be duly and validly issued as fully paid and non-assessable.