Granite GP definition

Granite GP means Granite REIT Inc.

Granite GP means Granite REIT Inc. / FPI Granite Inc., a company incorporated under the BCBCA;

Granite GP means Granite REIT Inc. / FPI Granite Inc., a company incorporated under the BCBCA, and includes any successor thereof;

Examples of Granite GP in a sentence

• Therefore, these financial statements have been prepared on a combined basis whereby the assets, liabilities and results of Granite GP and Granite REIT have been combined.

• The combined financial statements include the subsidiaries of Granite GP and Granite REIT.

• Subsidiaries are fully consolidated by Granite GP or Granite REIT from the date of acquisition, being the date on which control is obtained.

• As a result of the REIT conversion described in note 1, the Trust does not have a single parent; however, each unit of Granite REIT and each share of Granite GP trade as a single stapled unit and accordingly, Granite REIT and Granite GP have identical ownership.

• Control exists when Granite GP or Granite REIT have power, exposure or rights to variable returns and the ability to use their power over the entity to affect the amount of returns it generates.

• The condensed combined financial statements include the financial position and results of operations and cash flows of each of Granite REIT and Granite GP.

• The combined financial statements include the financial position and results of operations and cash flows of each of Granite REIT and Granite GP.

• Each stapled unit is entitled to distributions and/or dividends in the case of Granite GP as and when declared and, in the event of termination of Granite REIT and Granite GP, to the net assets of Granite REIT and Granite GP remaining after satisfaction of all liabilities.

• Below is a summary of the financial information for each entity along with the elimination entries and other adjustments that aggregate to the condensed combined financial statements: (1) Granite REIT Holdings Limited Partnership (“Granite LP”) is 100% owned by Granite REIT and Granite GP.

• As a result of the REIT conversion and the steps and reorganizations described in note 1, the Trust does not have a single parent; however, each unit of Granite REIT and each share of Granite GP trade as a single stapled unit and accordingly, Granite REIT and Granite GP have identical ownership.

More Definitions of Granite GP

Granite GP means Granite REIT Inc., a corporation incorporated under the BCBCA;

Granite GP has the meaning given thereto in the opening paragraphs of this Agreement;

Granite GP means Granite REIT Inc., a company incorporated under the BCBCA that will act as the general partner of Granite LP;