Initial Trust Unit definition

Initial Trust Unit means the initial Trust Unit issued by the Trust to the Initial Unitholder;
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Initial Trust Unit means the one Trust Unit issued to Promintory Developments Inc. upon settlement of the Trust;
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Initial Trust Unit means the initial Trust Unit issued by the Trust to the Initial Unitholder which has been cancelled and is no longer outstanding for any purpose of this Declaration of Trust;
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Examples of Initial Trust Unit in a sentence

  • The Trust may re-purchase the Initial Trust Unit from the Initial Unitholder at any time, and the Initial Unitholder will at such time sell the Initial Trust Unit to the Trust, for a purchase price of $100 and, upon the completion of such purchase and sale, the Initial Trust Unit shall be cancelled and shall no longer be outstanding for any purpose of this Declaration of Trust.

  • The provisions of this EXXX (the Agreement) apply to the use of above-mentioned software product manufactured by SevenCs (the Software) and (i) distributed by an authorised reseller (Resellet) to its customer (the Customer,; or (ii) provided to the Customer by the Reseller or directly by SevenCs in the form of updates, upgrades or in whatever form as part of support services of SevenCs provided either by Reseller or directly by SevenCs.

  • Upon closing of the initial public offering of Trust Units by the Fund, the Manager shall sell to the Fund and the Fund shall purchase from the Manager the Initial Trust Unit for a price of $10.00 and the Initial Trust Unit shall be cancelled.

  • Unless the Trustee otherwise determines and except for the Initial Trust Unit, registration of interests in and transfers of the Trust Units will be made through the Book-Entry Only System.

  • At any time following the issuance of one or more additional Trust Units, the Trust may redeem the Initial Trust Unit for a purchase price of $1.00 and, upon the completion of such purchase and sale, the Initial Trust Unit shall be cancelled and shall no longer be outstanding.


More Definitions of Initial Trust Unit

Initial Trust Unit means the one Trust Unit issued to 1027110 upon settlement of the Trust;
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Initial Trust Unit has the meaning ascribed thereto in Section 3.1;
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Initial Trust Unit means the 1 Trust Unit issued to Brian Pulis upon settlement of the Trust;
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Related to Initial Trust Unit

  • Initial Trustee shall have the meaning defined in the preamble hereto.

  • Initial Trust Agreement shall have the meaning assigned to such term in Section 2.12 of the Trust Agreement.

  • Trust Unit means units in the capital of the Trust;

  • Trust Units means units of the Trust;

  • Original Trust Agreement has the meaning specified in the recitals to this Trust Agreement.

  • Delaware Trust Statute means the Delaware Statutory Trust Act, Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. § 3801 et seq., as the same may be amended from time to time.

  • Voting and Exchange Trust Agreement means the voting and exchange trust agreement to be made among Parent, CallCo, the Company and the Share Trustee in connection with the Plan of Arrangement substantially in the form of Exhibit D to the Transaction Agreement, as may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • Statutory Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq.

  • Delaware Statutory Trust Statute means the provisions of the Delaware Statutory Trust Act, 12 Del. C.ss.3801, et. seq., as such Act may be amended from time to time.

  • Share Trustee means Monument Trustees Limited, with its registered office at 57 Herbert Lane, Dublin 2, Ireland and CRO number 345558, and any successor thereto.

  • or "INSTITUTIONAL TRUSTEE means the Trustee;

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Delaware Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code.

  • unit trust scheme means any arrangements made for the purpose, or having the effect, of providing for persons having funds available for investment, facilities for the participation by them, as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of any property whatsoever;

  • Trust Common Securities means the securities representing common undivided beneficial interests in the assets of the Trust.

  • Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq., as the same may be amended from time to time.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Delaware Trustee means, with respect to the Trust, the Person identified as the “Delaware Trustee” in the Trust Agreement, solely in its capacity as Delaware Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Delaware Trustee appointed as therein provided.

  • Income trust means a trust that is not a unitrust.

  • Class C Trustee Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • institutional trustee means the Trustee.

  • unit trust means any trust established for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property.

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Liquidation Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

  • Successor Institutional Trustee has the meaning set forth in Section 4.3(a).

  • Trust Preferred Securities any preferred securities issued by a Trust Preferred Securities Subsidiary, where such preferred securities have the following characteristics: