Examples of Interested Party Transaction in a sentence
Paragraph 5 of the Property Funds Appendix also imposes a requirement for Unitholders’ approval for an Interested Party Transaction by LMIR Trust which value exceeds 5.0% of LMIR Trust’s latest audited NAV.
Paragraph 5 of the Property Funds Appendix also imposes a requirement for Unitholders’ approval for an Interested Party Transaction by First REIT which value exceeds 5.0% of First REIT’s latest audited NAV.
As the LMK Acquisition will constitute an Interested Party Transaction under the Property Funds Appendix, the LMK Acquisition Fee shall be payable to the Manager in the form of LMK Acquisition Fee Units.
Each Interested Party Transaction that is an arrangement to make a loan to the applicable Related Party, or is a deposit or other investment by the applicable Related Party, was an arms’-length transaction approved pursuant to the normal underwriting standards, and substantially upon the normal commercial terms and conditions, that are applicable for comparable transactions to Xxxxxx’x unaffiliated customers.
Therefore, the entry by the Trustee into the Share Purchase Agreement constitutes an Interested Person Transaction under Chapter 9 of the Listing Manual, as well as an Interested Party Transaction under the Property Funds Appendix.