Granite REIT Units definition

Granite REIT Units means the trust units of Granite REIT;
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Granite REIT Units means trust units of Granite REIT issued in accordance with the provisions of the Granite REIT Declaration of Trust and includes a fraction of a Granite REIT Unit;
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Granite REIT Units means, collectively, the units of Granite REIT designated as “Units” under the Granite REIT Declaration of Trust, and “Granite REIT Unit” means any one of them;
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Examples of Granite REIT Units in a sentence

  • A meeting of shareholders may be held at the same time and place as a meeting of holders of Granite REIT Units.

  • For greater certainty, a share certificate may represent both shares of the Company and Granite REIT Units (which, prior to an Event of Uncoupling, are combined to form Stapled Units).

  • The annual general meeting of shareholders may be held at the same time and place as the annual meeting of holders of Granite REIT Units.

  • Table of ContentsThe Trustees may also create and issue rights, warrants or options or other instruments or securities (including, subject to the provisions summarized under “– Investment Guidelines and Operating Policies”, debt securities) exercisable for, convertible into, exchangeable for or otherwise, pursuant to which a holder may subscribe for, or receive payment in, fully paid Granite REIT Units and, provided that an Event of Uncoupling has not occurred, Stapled Units may be issued.

  • The Unit Redemption Price payable in respect of such Granite REIT Units tendered for redemption during any month shall be paid by the transfer of the Unit Redemption Assets, to or to the order of the Granite REIT Unitholder who exercised the right of redemption, on or before the last business day of the calendar month following the month in which the Granite REIT Units were tendered for redemption.

  • Allotment and Issue of Granite REIT Units The consideration for any Granite REIT Unit must be paid in one or more of money, property or past services performed for Granite REIT, the value of which consideration received by Granite REIT, as determined by the Trustees, equals or exceeds the issue price set for the Granite REIT Unit.

  • An unlimited number of Granite REIT Units may be issued pursuant to the Granite REIT Declaration of Trust.

  • The Granite REIT Units are not “deposits” within the meaning of the Canada Deposit Insurance Corporation Act and are not insured under the provisions of such Act or any other legislation.

  • The Trustees may require declarations as to the jurisdictions in which beneficial owners of Granite REIT Units are resident or declarations from holders of Granite REIT Units as to whether such Granite REIT Units are held for the benefit of Non-Resident Beneficiaries.

  • Granite REIT Units will be stapled to Granite GP Common Shares in accordance with their terms to form Stapled Units and Granite REIT and Granite GP will enter into a Stapled Unit support agreement in connection therewith to facilitate the Stapled Unit structure, including in relation to redemption of Granite GP Common Shares and Granite REIT Units, declaration of distributions and dividends and holding of meetings of holders of Stapled Units.

Related to Granite REIT Units

  • REIT means a “real estate investment trust” under Sections 856 through 860 of the Code.

  • Operating Partnership has the meaning set forth in the preamble.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Operating Company has the meaning set forth in the preamble.

  • Class I renewable energy means electric energy produced from

  • GP means Gottbetter & Partners, LLP.

  • Generating Company means any company or body corporate or association or body of individuals, whether incorporated or not, or artificial juridical person, which owns or operates or maintains a generating station;

  • Operating Partnership Agreement means the Fifth Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • CHP means combined heat and power.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • General Partner has the meaning set forth in the Preamble.

  • Operating Company Number (OCN means the numeric Company Code assigned by NECA identifying CLEC as a Resale or UNE provider.

  • Greywater means all liquid wastes from showers, baths, sinks, kitchens and domestic washing facilities, but does not include toilet wastes;

  • Single member limited liability company means a limited liability company that has one direct member.

  • TRS means a taxable REIT subsidiary (as defined in Section 856(l) of the Code) of the General Partner.

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned by any Pledgor or represented by any Partnership Interest.