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.
All such Granite REIT Units shall be duly authorized and validly issued as fully paid and non-assessable (except as otherwise permitted under the Granite REIT Declaration of Trust) and shall be free and clear of any lien, claim or encumbrance.
Granite GP will co-operate with Granite REIT to instruct the purchaser to pay, or otherwise arrange for payment, to Granite REIT a purchase price equal to the issue price (as determined by Granite REIT in consultation with Granite GP) of such Granite REIT Units so issued and delivered.
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.
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).
To the extent that amounts are so deducted or withheld, such deducted or withheld amounts shall be treated for all purposes hereof as having been paid to the holder of Granite REIT Units or former holder of Granite GP Shares in respect of which such deduction and withholding was made.
From and after the Effective Time, certificates formerly representing Stapled Units will no longer represent Stapled Units or Granite GP Shares and will represent only the number of Granite REIT Units to which the holder is entitled as a result of the Arrangement.
The unaudited interim condensed financial statements do not include the adjustments that would be necessary should the Company be unable to continue as a going concern.
The Granite REIT Units to be issued pursuant to the Arrangement will be issued in reliance upon the exemption from registration provided by Section 3(a)(10) of the United States Securities Act of 1933, as amended.
At the Effective Time, this Plan of Arrangement will become effective on, and be binding on and after, the Effective Time on Granite GP, Granite REIT and all registered and beneficial holders of Stapled Units, Granite GP Shares and Granite REIT Units.