Examples of Unit Holders Deed in a sentence
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 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.
Except where this Deed, the Unit Holders Deed or any applicable law provides otherwise, the “required majority” is an Ordinary Resolution.
If no stress test is made within the reporting period, the stress test information under reporting could simply include a description of such occurrence.
If the Trustee borrows or raises money ( Finance) from a person (Financier) in accordance with clause [16.6] of the Unit Holders Deed, then the Trustee may grant a Security Interest over all (but not part only) of the Assets in favour of the Financier and/or a security trustee provided that the Trustee, the Financier (or its agent) and, if applicable, the security trustee each execute a deed in a form reasonably satisfactory to Aurizon Network, the Land Lessor and the Infrastructure Lessor.
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.
Unless the Trustee determines otherwise or the Unit Holders Deed provides otherwise, the Distributable Income of the Trust for a Distribution Period is equal to the amount of the Net Income of the Trust for that Distribution Period, calculated as if that Distribution Period was a Financial Year.
While the Unit Holders Deed is in force and subject to this Deed, the Trustee may issue Preference Units, the terms of issue of which must be as set out in this Deed and the Unit Holders Deed and as summarised in schedule[10] of the Unit Holders Deed.
While the Unit Holders Deed is in force, the liability of a Preference Unit Holder to pay to the Trustee any amount unpaid on the Partly Paid Units held by that Unit Holder will be extinguished at the time, and in the circumstances, contemplated in clause[5.9(b)] of the Unit Holders Deed.
While the Unit Holders Deed is in force, appointments under clause 13.4(a) are subject to the Unit Holders Deed.