Special Trust Units definition

Special Trust Units means the special Trust Units of the Trust, created, issued and certified hereunder and for the time being outstanding and entitled to the benefits hereof;
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Special Trust Units means units of interest in the REIT (other than Units) authorized and issued under the Declaration of Trust to a holder of securities which are exchangeable for Units;
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Special Trust Units means special units of the Fund which entitle the holder to that number of whole votes (rounded down to the nearest whole vote) at all meetings of Unitholders or in respect of any written resolution of Unitholders equal to the number of Units into which the Class B Exchangeable Units are exchangeable. The Special Trust Units are redeemable for a nominal amount and entitle the holder to receive nominal amounts as distributions and upon liquidation;
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Examples of Special Trust Units in a sentence

  • Special Trust Units were issued in conjunction with the CSLP Exchangeable Units and cannot be transferred separately from them.

  • The Special Trust Units have been issued solely to provide voting rights to Clearwater Class B units (“CSLP Exchangeable Units”).

  • Special Trust Units entitle the holders thereof to the number of votes at any meeting of unitholders of the Fund equal to the number of units which may be obtained upon exchange of the CSLP Exchangeable Units to which they relate and do not otherwise entitle the holder to any rights with respect to the Fund’s property or income.

  • The Class B Partnership units were issued concurrent with Special Trust Units that were issued by the Fund solely to provide voting rights to Clearwater Class B Partnership units held by CFFI.

  • The Declaration of Trust provides that an unlimited number of units and an unlimited number of Special Trust Units may be issued.

  • The declaration of trust provides that an unlimited number of units and an unlimited number of Special Trust Units may be issued.

  • Special Trust Units are attached to and issued in conjunction with Exchangeable Shares for the sole purpose of entitling holders thereof to voting rights at any meeting of holders of Fund Units and Special Trust Units.

  • The aggregate number of Ordinary Trust Units, Special Trust Units and Special Voting Units that are authorized and may be issued hereunder is unlimited.

  • The exchangeable shares of the Fund’s subsidiary are synonymous with the Special Trust Units of the Fund.

  • Notwithstanding the foregoing, holders of Special Trust Units shall be entitled to a preferential distribution equal to $1.00 for each Special Trust Unit, or such lesser amount where the residual assets of the Trust would not be sufficient to pay such amount, and the Pro Rata Share payable to Unitholders shall be determined after such preferential distribution.


More Definitions of Special Trust Units

Special Trust Units means trust units of the Fund providing voting rights in the Fund to holders of Class B Partnership Units;
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Special Trust Units means the Special Trust Units of Dundee REIT issued to the holders of LP Class B Units, Series 1 providing rights to vote (and only a nominal economic interest) as a unitholder of Dundee REIT, all of which are currently indirectly held by Dundee Corporation;
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Special Trust Units means units in Dream Industrial REIT (other than Units) authorized and issued under the Declaration of Trust to a holder of securities which are exchangeable for Units, including the LP B Units, all of which are currently held directly and indirectly by DOLP.
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Special Trust Units means the units of the Fund issued to represent voting rights in the Fund and which accompany certain securities convertible into or exchangeable for Trust Units;
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Special Trust Units means the units of the Fund designated as “Special Trust Units” under the Fund Declaration of Trust;
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Special Trust Units means the class of special trust units of the Fund authorized by the Declaration of Trust;
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Related to Special Trust Units

  • Trust Units means units of the Trust;

  • Trust Unit means units in the capital of the Trust;

  • Trust Securities means the Common Securities and the Capital Securities.

  • Original Trust Agreement has the meaning specified in the recitals to this Trust Agreement.

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

  • Trust Preferred Securities any preferred securities issued by a Trust Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Common Units is defined in the Partnership Agreement.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • the Eileen Trust means the charitable trust of that name established on 29th March 1993 out of funds provided by the Secretary of State for the benefit of persons eligible for payment in accordance with its provisions;

  • Debenture Trustee means Wilmington Trust Company, as trustee under the Indenture until a successor is appointed thereunder, and thereafter means such successor trustee.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Residual Interests As specified in the Preliminary Statement.

  • Trust Certificates means the asset backed certificates issued pursuant to the Trust Agreement, substantially in the form of Exhibit A to the Trust Agreement.