Redeeming Unitholder definition

Redeeming Unitholder means a Unitholder who has given to the Manager a Redemption Application which has not been withdrawn and in respect of which the Subject Units have not been Redeemed in accordance with clause 12;
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Redeeming Unitholder means the Participating Preferred Trust Unitholder exercising the redemption privilege pursuant to the Declaration of Trust.
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Redeeming Unitholder has the meaning set forth in Section 4.01(a) of this Agreement.
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Examples of Redeeming Unitholder in a sentence

  • The Depositor’s approval shall constitute its certification that requirements of the following paragraph with respect to an In-Kind Distribution to an Affiliated Redeeming Unitholder will or have been met.

  • A Redemption Notice that has been lodged but not processed prior to the Trustee declaring a period of suspension or a Redemption Notice lodged during any such period of suspension is deemed to be received at 9:00am on the first Business Day occurring immediately after the end of the period of suspension unless the Redeeming Unitholder has withdrawn its Redemption Notice in writing before the period of suspension is terminated.

  • To the extent that the Class A Common Stock is settled through the facilities of The Depository Trust Company, the Company will, subject to Section 4.01(c) below, upon the written instruction of a Redeeming Unitholder, use its reasonable best efforts to deliver the shares of Class A Common Stock deliverable to such Redeeming Unitholder, through the facilities of The Depository Trust Company, to the account of the participant of The Depository Trust Company designated by such Redeeming Unitholder.

  • If this amount is not a whole number of Shares, the Redeeming Unitholder shall be paid (i) that number of Shares which equals the nearest whole number less than such amount plus (ii) an amount of cash which the Trustee determines, in its reasonable discretion, to represent the fair value of the remaining fractional Share which would otherwise be payable to the Redeeming Unitholder.

  • All distributions of Available Cash attributable to such Unit with respect to which the Trust Record Date is before the date of such transfer, assignment or redemption shall be made to the transferor Unitholder or the Redeeming Unitholder, as the case may be, and, in the case of a transfer or assignment other than a redemption, all distributions of Available Cash thereafter attributable to such Unit shall be made to the transferee Unitholder.

  • Nothing contained in this Section 6.6.B shall imply any right of the Trustee to require any Unitholder to exercise the Redemption Right afforded to such Unitholder pursuant to Section 6.6.A. (ii) If the Trustee determines to pay the Redeeming Unitholder the Redemption Amount in the form of Shares, the total number of Shares to be paid to the Redeeming Unitholder in exchange for the Redeeming Unitholder's Class A Units shall be the applicable Shares Amount.

  • While the Trust is illiquid, the redemption proceeds shall be paid to each Redeeming Unitholder by the Trustee in accordance with the terms of the withdrawal offer (or proportionately if the amount of money is insufficient to satisfy all redemption requests) within 21 days after the offer closes.

  • Solely for purposes of making such allocations, each of such items for the calendar month in which the transfer or assignment occurs shall be allocated to the transferee Unitholder, and none of such items for the calendar month in which a redemption occurs shall be allocated to the Redeeming Unitholder.

  • Any such Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Trust (with a copy to the Trustee) by the Unitholder who is exercising the Redemption Right (the "Redeeming Unitholder").

  • Unless the Trustee, in its sole and absolute discretion, shall exercise its right to assume directly and satisfy the Redemption Right, the Trustee shall not have any obligation to the Redeeming Unitholder or to the Trust with respect to the Redeeming Unitholder's exercise of the Redemption Right.


More Definitions of Redeeming Unitholder

Redeeming Unitholder means a holder of Class A Restricted Voting Units who has validly elected to redeem their Class A Restricted Voting Units in respect of the Business Combination in accordance with the redemption rights provided in the constating documents of CGGC, and who has not withdrawn such election;
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Related to Redeeming Unitholder

  • Affiliated Redeeming Unitholder means an affiliated person or a promoter of or a principal underwriter for the Trust, or an affiliated person of such a person, promoter or principal underwriter. The terms "affiliated person," "promoter" and "principal underwriter" as used in the preceding sentence shall have the meanings assigned to each such term in the Investment Company Act of 1940, as amended.

  • Redeeming Partner has the meaning set forth in Section 8.6.A.

  • Redeeming Member has the meaning set forth in Section 11.01(a).

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • LTIP Unitholder means a Partner that holds LTIP Units.

  • Unitholder means a person holding units in the scheme of the Mutual Fund.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Unitholders means the holders of Units.

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Unit Holder means a person holding units in the scheme of the Mutual Fund.

  • Class B Units means the Class B Units of the Company.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Preferred Shareholder means any holder of Preferred Shares.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Shareholder-Initiated Transfer Redemption means a transaction that is initiated or directed by a Shareholder that results in a transfer of assets within a Contract out of a Fund, but does not include transactions that are executed: (i) automatically pursuant to a contractual or systematic program or enrollments such as transfers of assets within a Contract out of a Fund as a result of annuity payouts, loans, systematic withdrawal programs, insurance company approved asset allocation programs and automatic rebalancing programs; (ii) as a result of any deduction of charges or fees under a Contract; (iii) within a Contract out of a Fund as a result of scheduled withdrawals or surrenders from a Contract; or (iv) as a result of payment of a death benefit from a Contract.