Unit Holders Deed definition

Unit Holders Deed has the meaning given in the Trust Deed.

Unit Holders Deed means the deed entitled “User Funding – [Name of Trust] Subscription and Unit Holders Deed” between the Trustee, Aurizon Network and the Preference Unit Holders.

Unit Holders Deed has the meaning given in the Trust Deed. Unnecessary Delay means, at a point in time, the Estimated Available Date for any Segment is:

Examples of Unit Holders Deed in a sentence

• Except where this Deed, the Unit Holders Deed or any applicable law provides otherwise, the “required majority” is an Ordinary Resolution.

• The Trustee must not while the Unit Holders Deed is in force, issue Units of any Class to any person that is not an existing Unit Holder unless the applicant has become a party to, and agreed to be bound by, the Unit Holders Deed.

• While the Unit Holders Deed is in force, the rights, powers and obligations of the Trustee and the Preference Unit Holders in relation to making Calls, paying Calls and failure to pay Calls are governed by the Unit Holders Deed and this clause 9 does not apply.

• A Unit Holder may transfer all or part of its rights and obligations under any Transaction Document to a third party only in accordance with the terms of the Unit Holders Deed.

• This Agreement will automatically terminate, without the need for any Party to give notice to any other Party, on the date that the Trust is wound up in accordance with the Trust Deed and Unit Holders Deed.

• The Trustee may refuse to enter into any transaction or a contract (including a “Works Contract” (as defined in the Unit Holders Deed)) unless the Trustee’s personal liability is excluded or limited to the Trustee’s satisfaction.

• If, during the Construction Period, the Trustee exercises its rights to sell or transfer all or a portion of the Unit Holder’s Preference Units under the Trust Deed or the Unit Holders Deed, then clause 12.2 will apply to the sale of such Preference Units as if the sale or transfer of the Preference Units by the Trustee was a transfer of such Preference Units by the Unit Holder.

• Subject to clause 39B, where the Principal has a right or obligation under and in accordance with [clause 7.5(a)(v)] or [clause 10.2(a)] of the Unit Holders Deed to terminate this Contract, it may by 40 business days written notice to the Contractor terminate this Contract.

• Access Undertaking has the meaning given in the Unit Holders Deed.

• Aurizon Network and the Unit Holder may mortgage, charge or encumber (Charge) all or any of its rights and obligations under this Agreement in whole or in part, in favour of any financier, mortgagee or chargee (Chargee), provided that the requirements of clause [12.4(a)] of the Unit Holders Deed are complied with.

More Definitions of Unit Holders Deed

Unit Holders Deed has the meaning given in the Trust Deed. Works means whole of the work to be carried out and completed in accordance with the Construction Agreement associated with the construction and completion of the Extension.

Unit Holders Deed has the meaning given to that term in the Extension Project Agreement; WHS Act means the Work Health and Safety Xxx 0000 (Qld); the Works means the whole of the work to be carried out and completed in accordance with the Contract, including work that occurs as a result of discretionary variations or adjustment events provided for by the Contract, which by the Contract is to be handed over to the Principal; work includes the provision of materials; work site means each part of the site or place WUC is to be performed and other obligations under the Contract fulfilled; and WUC (from ‘work under the Contract’) means the work which the Contractor is or may be required to carry out and complete under the Contract and includes any work that occurs as a result of discretionary variations or adjustment events, remedial work, construction plant and temporary works, and like words have a corresponding meaning.