Trust Unit definition

Trust Unit means a unit of participation in a unit trust; and

Trust Unit means units in the capital of the Trust;

Trust Unit or "Unit" means a unit of the Trust issued by the Trust;

Examples of Trust Unit in a sentence

• This is available from www.bbc.co.uk/bbctrust or upon request from the BBC Trust Unit.

• Each Trust Unit entitles the holder to one vote at all meetings of unitholders.

• The Trust has a Trust Unit Rights Incentive Plan (the “Plan”) whereby the maximum number of trust units issuable pursuant to the plan is a “rolling” maximum equal to 10% of the outstanding trust units plus the number of trust units which may be issued on the exchange of outstanding exchangeable shares.

• Each Record Date Trust Unitholder shall be entitled to one vote for each Trust Unit owned by such Record Date Trust Unitholder, and any Record Date Trust Unitholder may vote in person or by duly executed written proxy.

• For ease of administration, the List shall express the Beneficial Interest of each Initial Beneficiary in terms of units and it is intended that each unit shall represent one Trust Unit in the Trust.

More Definitions of Trust Unit

Trust Unit means a unit of the Trust, each unit representing an equal undivided beneficial interest therein;

Trust Unit or "Unit" means a trust unit of the Trust and unless the context otherwise requires means Ordinary Trust Units;

Trust Unit means a trust unit of the Trust created, issued and certified under the Trust Indenture and outstanding and entitled to the benefits thereof.

Trust Unit means an uncertificated, undivided pro rata fractional interest in the Beneficial Interest, determined as hereinafter provided.

Trust Unit means a unit of the Trust;

Trust Unit is defined in the Agreement.

Trust Unit means a trust unit of the Trust created, issued and certified hereunder and for the time being outstanding and entitled to the benefits hereof;