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.

• 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.

• 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 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.

• Notwithstanding Sections 13.1, 13.2, 13.3 and 13.7, so long as the Initial Unitholder is the sole Unitholder of the Trust, the Initial Unitholder may make any amendment to this Declaration of Trust including this Section 13.4, and will provide prompt notice of any such amendment to the Trustees.

More Definitions of Initial Unitholder

Initial Unitholder means InterRent.

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 the persons designated on Annex A hereto as receiving OP Units on the date hereof and/or May 25, 2017.

Initial Unitholder means Accilent Raw Materials Group Inc., a corporation incorporated under the laws of the Province of Ontario as the initial holder of Trust Units.

Initial Unitholder means Daryl S. Fridhandler, an individual residing in the City of Calgary, in the Province of Alberta;

Initial Unitholder means European Commercial Real Estate Limited;

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