REIT Unitholders definition
Examples of REIT Unitholders in a sentence
Unless required by law, the parties agree to propose for appointment by holders of Granite GP Common Shares and Granite REIT Unitholders, as applicable, the same accounting firm to serve as their respective independent auditors.
The REIT shall provide the Purchaser with final copies of the Circular prior to the mailing thereof to the REIT Unitholders.
The number of REIT Units held by REIT Unitholders that have validly exercised Dissent Rights shall not exceed 10% of the REIT Units issued and outstanding as of the date hereof.
At the Effective Time, this Plan of Arrangement and the Arrangement shall, without any further authorization, act or formality on the part of the Court or any Person, become effective and be binding upon the Purchaser, the REIT, CanCo SPV, New CanCo, Trustee Corp, the Depositary, all registered and beneficial REIT Unitholders, including Dissenting Unitholders, and all holders of Unit Options, Deferred Units, Restricted Units and Performance Units.
The Mohawk Parties shall, as promptly as reasonably practicable after obtaining the Interim Order, cause the Circular and all other documentation required in connection with the Meetings to be sent to each of the REIT Unitholders and Partnership Unitholders and other Persons as required by the Interim Order and applicable Law, in each case so as to permit the Meetings to be held by the date specified in Section 2.2(a).
The REIT shall from time to time require that its registrar and transfer agent furnish the Purchaser with such additional information, including updated or additional lists of the REIT Unitholders and lists of holdings and other assistance as the Purchaser may reasonably request.
Any such amounts will be deducted and withheld from the consideration or such other amount payable pursuant to the Plan of Arrangement or this Agreement, timely remitted to the relevant Governmental Entity, and treated for all purposes under this Agreement as having been paid to the REIT Unitholders (including in their capacity as former holders of Restricted Units, Deferred Units and Unit Options) or any other Person in respect of which such deduction, withholding and remittance was made.
It is also intended that there will be a change in the board composition and management team of the Manager following the receipt of the approval of the Properties Acquisition from the unitholders of Saizen REIT ("Unitholders") at an extraordinary general meeting to be convened.
For greater certainty, Class A REIT Unitholders shall not be permitted to make any such elections.
The Board has resolved that the REIT Arrangement Resolution is in the best interests of the REIT and the REIT Unitholders and to recommend that the REIT Unitholders vote in favour of the REIT Arrangement Resolution.