Initial Unitholder definition

Initial Unitholder means Granite Real Estate Inc., the settlor of the Trust and holder of the initial Units issued by the Trust;

Initial Unitholder means the person named herein as the first unit holder of the Initial Trust Unit;

Initial Unitholder and “Initial Unit” have the meanings ascribed thereto in Section 2.1 hereof;

Examples of Initial Unitholder in a sentence

• At such time, original capital of $400 by Millburn Ridgefield Corporation (the “Managing Owner”) and $1,600 by the Initial Unitholder, an affiliated entity, was contributed to the Trust.

• The Trustees hereby acknowledge and confirm that the Initial Unitholder has made the Initial Contribution to the Trustees for the purpose of establishing the Trust.

• At such time, original capital of $400 by the Millburn Ridgefield Corporation (the “Managing Owner”) and $1,600 by the Initial Unitholder, an affiliated entity, was contributed to the Trust.

• At the request of the Trustee, the Trust will purchase and the Initial Unitholder will sell the Initial Unit for a purchase price of US$1,000.

• The Initial Trustee acknowledged and confirmed the receipt of the Initial Contribution and the Initial Unitholder was issued one Trust Unit having a value of $10.

More Definitions of Initial Unitholder

Initial Unitholder means InterRent.

Initial Unitholder means the Settlor;

Initial Unitholder means Allison Taylor, an individual resident in the City of Calgary, in the Province of Alberta, as the initial holder of Trust Units.

Initial Unitholder means Raphaël Amram and Jeremy Brisset, both of the Province of Québec;

Initial Unitholder means Exchange Tower Limited, a corporation under the laws of Ontario;

Initial Unitholder means Laine Nevison, an individual resident in the City of Port Moody, in the Province of British Columbia, as the initial holder of Trust Units.

Initial Unitholder means European Commercial Real Estate Limited;