Examples of REIT Declaration of Trust in a sentence
MATTERS TO BE ACTED UPON AT THE MEETINGS Election of Trustees of Granite REIT The Granite REIT Declaration of Trust provides for a number of trustees to be fixed by the trustees from time to time, subject to a minimum of three and a maximum of 15 trustees.
The term of office of each currently-serving trustee expires at the time of the Meetings unless successors are not elected, in which case the trustees remain in office until their successors are elected or appointed in accordance with applicable law and the Granite REIT Declaration of Trust.
Each trustee elected will hold office until the conclusion of the next annual general meeting of unitholders of Granite REIT, or until his/her respective successor is elected or appointed in accordance with applicable law and the Granite REIT Declaration of Trust.
Provided that no Event of Uncoupling has occurred, unitholders who tender their Finance Trust units for redemption will also be required to tender for redemption corresponding units of H&R REIT in accordance with the provisions of the H&R REIT Declaration of Trust.
All such Granite REIT Units shall be duly authorized and validly issued as fully paid and non-assessable (except as otherwise permitted under the Granite REIT Declaration of Trust) and shall be free and clear of any lien, claim or encumbrance.
In addition, the REIT Declaration of Trust restricts total indebtedness permitted on the portfolio.
For the purposes hereof, each outstanding Right (other than Rights which are void pursuant to the provisions hereof) shall be entitled to one vote, and the procedures for the calling, holding and conduct of the meeting shall be those, as nearly as may be, which are provided in the REIT Declaration of Trust with respect to meetings of unitholders of the REIT.
Construction Risks It is likely that, subject to compliance with the REIT Declaration of Trust, the REIT will be involved in various development projects.
The inability to fill vacant positions is especially damaging to small and medium sized businesses.
The trustees of the Merger Sub immediately prior to the Effective Time shall become the trustees of the Surviving REIT as of the Effective Time and the officers of the Company immediately prior to the Effective Time shall become the officers of the Surviving REIT as of the Effective Time, each to hold office in accordance with the Surviving REIT Declaration of Trust, the Surviving REIT Bylaws and applicable Law.