Participating Preferred Trust Units definition

Participating Preferred Trust Units means the Class A Participating Preferred Trust Units and the Class F Participating Preferred Trust Units.

Participating Preferred Trust Units or "Trust Unit(s)" means the Participating Preferred Class A Trust Units, the Participating Preferred Class F Trust Units and such other classes of participating preferred trust units as the trustees may issue from time to time pursuant to the Declaration of Trust, and as more particularly described under Item 5.1 – Terms of Securities.

Examples of Participating Preferred Trust Units in a sentence

• Offering Memorandum Exemption Section 2.9 of NI 45-106 provides exemptions for the sale of Participating Preferred Trust Units to Subscribers if the Subscriber purchases as principal and the Trust delivers this Offering Memorandum to the Subscriber in the required form; and the Subscriber signs the Risk Acknowledgment on Form 45-106F4 attached as Appendix I to the Subscription Agreement that accompanies this Offering Memorandum.

• The Participating Preferred Trust Units constitute securities for the purposes of the Securities Transfer Act (Ontario) and similar legislation in other jurisdictions.

• Under certain circumstances, the Administrator may require Non-Resident Participating Preferred Trust Unitholders to transfer their Participating Preferred Trust Units to persons who are not “non-residents” of Canada.

• There are no restrictions as to the maximum number of Participating Preferred Trust Units that a Participating Preferred Trust Unitholder may hold in the Trust, subject to limitations on the number of Participating Preferred Trust Units that may be held by Financial Institutions and provisions relating to take-over bids.

• The Trust has been established to invest the Gross Proceeds generated from the sale of its Participating Preferred Trust Units in LP Units issued by the Partnership.

• A Subscriber will be entitled to receive written confirmation from the Recordkeeper of Participating Preferred Trust Units subscribed for, provided the Subscriber has paid the full subscription price for his Participating Preferred Trust Units.

• At all meetings of the Participating Preferred Trust Unitholders, each Participating Preferred Trust Unitholder will be entitled to one vote for each Participating Preferred Trust Unit held in respect of all matters upon which holders of Participating Preferred Trust Units of that Class are entitled to vote.

• Subscribers of Participating Preferred Trust Units of the Trust in this Offering will be governed by the terms of the Declaration of Trust.

• The purchase price of the Participating Preferred Trust Units is payable on execution of the Subscription Agreement and there is a minimum subscription of $10,000 in Participating Preferred Trust Units per investor.

• The minimum purchase for each Participating Preferred Trust Unitholder is $10,000 in Participating Preferred Trust Units.