Examples of Unitholder Rights Plan in a sentence
Amendments Subject to the prior written consent of The Toronto Stock Exchange, in certain situations more particularly defined in the Unitholder Rights Plan, the Trustees may from time to time supplement or amend the Unitholder Rights Plan agreement without the approval of any holders of Rights to make any changes which the Trustees may deem necessary or desirable.
Unitholder Rights Plan of CominarCominar’s Unitholder Rights Plan was adopted by the Board of Trustees on March 27, 2020 and approved by Unitholders on May 13, 2020 (the “ Rights Plan”) as a governance best practice and in the interests of Cominar and all of its Unitholders.
Xxxxxxxxx Chief Executive Officer TSX TRUST COMPANY By : /s/ Xxxxxxx Xxxxxxxxx Xxxxxxx Xxxxxxxxx Senior Trust Officer By : /s/ Xxxxx Xxxxxxx Xxxxx Xxxxxxx Corporate Trust Officer PROREIT Unitholder Rights Plan EXHIBIT A (Form of Rights Certificate) Certificate No. Rights THE RIGHTS ARE SUBJECT TO REDEMPTION, AT THE OPTION OF THE REIT, ON THE TERMS SET FORTH IN THE UNITHOLDER RIGHTS AGREEMENT.
Therefore, the Trustees determined that the existing Rights Plan was no longer necessary and allowed the REIT’s Unitholder Rights Plan to expire in May 2016.PROMOTERSInovalis SA was considered a promoter of the REIT for the purposes of applicable securities legislation in connection with the July 2016 equity offering.
The Trustees may also, prior to the Stock Acquisition Date (as defined in the Unitholder Rights Plan), waive the application of the Flip-in Event provisions to a Flip-in Event, where the Acquiring Person became such by inadvertence and where such Acquiring Person has reduced his Beneficial Ownership of Units such that at the time of waiver he is no longer an Acquiring Person.