Independent Unitholders definition

Independent Unitholders means Unitholder(s) other than those who have a material

Independent Unitholders means holders of Units other than (i) any Acquiring Person, (ii) any Offeror, other than a Person described in clauses (B)(1) to (B)(6) of the definition of Beneficial Ownership who is not deemed to Beneficially Own Units held by such Person, (iii) any Affiliate or Associate of any Acquiring Person or Offeror, (iv) any Person acting jointly or in concert with any Acquiring Person or Offeror, and (v) any employee benefit plan, deferred profit sharing plan, securities participation plan or trust for the benefit of employees of the REIT or a wholly-owned Subsidiary of the REIT, unless the beneficiaries of such plan or trust direct the manner in which such Units are to be voted or direct whether the Units are to be tendered to a Take-over Bid.

Independent Unitholders means holders of Voting Units, other than:‌ (i) any Acquiring Person; (ii) any Offeror, other than any Person who by virtue of clause (B) of the definition of “Beneficial Owner” is not deemed to Beneficially Own the Voting Units held by such Person; (iii) any Affiliate or Associate of any Acquiring Person or Offeror;‌ (iv) any Person acting jointly or in concert with any Acquiring Person or Offeror; and (v) any employee benefit plan, deferred profit sharing plan, stock participation plan and any other similar plan or trust for the benefit of employees of the Partnership unless the beneficiaries of the plan or trust direct the manner in which the Voting Units are to be voted or direct whether the Voting Units are to be tendered to a Take-over Bid.

Examples of Independent Unitholders in a sentence

• The SIC has granted this waiver subject to, inter alia, the Whitewash Resolution being approved by Independent Unitholders at an EGM.

• Due approval by Independent Unitholders of Champion REIT and adoption of the Ordinary Resolution set out in the EGM Notice, without any material amendment thereto.

• Conversely, if the Lease Matters Requiring Approval are not approved by Independent Unitholders, Regal Hotels may be discouraged from introducing new acquisition opportunities to Regal REIT if, after the initial lease term for the target hotel has expired, there is a risk that the parties are unable to come to terms regarding an extension of the term of the lease (following which Regal Hotels’ operational control over the target hotel will be lessened).

• The Independent Financial Adviser has been appointed by the Manager to advise the Independent Board Committee, the Independent Unitholders and the Trustee as to whether the Transaction Matters Requiring Approval are fair and reasonable.

• Further, the Independent Board Committee has been appointed to advise the Independent Unitholders in respect of the Transaction Matters Requiring Approval and its advice is set out in the “Letter from the Independent Board Committee” in this Circular.

More Definitions of Independent Unitholders

Independent Unitholders means holders of Units, other than: (i) any Acquiring Person; (ii) any Offeror (other than any Person who, by virtue of Subclause 1.1(f)(iii)(B), is not deemed to Beneficially Own the Units held by such Person); (iii) any Affiliate or Associate of any Acquiring Person or Offeror; (iv) any Person acting jointly or in concert with any Acquiring Person or Offeror; and (v) any employee benefit plan, unit option plan, deferred profit sharing plan, securities participation plan and any other similar plan or trust for the benefit of employees of the Trust or a Subsidiary unless the beneficiaries of the plan or trust direct the manner in which the Units are to be voted or withheld from voting or direct whether the Units are to be tendered to a Take-over Bid;

Independent Unitholders means holders of Units, other than:

Independent Unitholders means holders of outstanding Voting Units, other than Voting Units Beneficially Owned by (i) any Acquiring Person; (ii) any Offeror other than a Person who at the relevant time is deemed not to Beneficially Own such Voting Units by reason of Clause 1.1(e)(v) hereof, (iii) any Person acting jointly or in concert with such Acquiring Person or Offeror referred to in (ii); (iv) any Associate or Affiliate of such Acquiring Person or Offeror referred to in (ii); and (v) any employee benefit plan, deferred profit sharing plan and any similar plan or trust for the benefit of employees of the Trust unless the beneficiaries of the plan or trust direct the manner in which the Voting Units are to be voted or withheld from voting or direct whether the Voting Units are to be tendered to a Take-over Bid;

Independent Unitholders. ’ means Unitholders other than Huge Harvest and the

Independent Unitholders means holders of Units other than: (i) any Acquiring Person; (ii) any Offeror (other than a Person who pursuant to subclause 1.1(d)(iii)(B) is not deemed to Beneficially Own the Units held by such Person); (iii) any Associate or Affiliate of such Acquiring Person or Offeror referred to in (ii) above; (iv) any Person acting jointly or in concert with Persons referred to in (i) or (ii) above; and (v) any employee benefit plan, Unit purchase plan, deferred profit sharing plan and any other similar plan or trust for the benefit of employees of the REIT or a Subsidiary of the REIT, unless the beneficiaries of such plan or trust direct the manner in which the Units are to be voted or direct whether the Units are to be tendered pursuant to a Take-over Bid;

Independent Unitholders means Unitholders other than the Sponsor, parties acting in concert with the Sponsor and parties which are not independent of the Sponsor.

Independent Unitholders means Unitholders other than those who have a material