As of January 24, 2017, there were 214,262,901 units of beneficial interest in DC Industrial Liquidating Trust outstanding.
DOCUMENTS INCORPORATED BY REFERENCE None DC Industrial Liquidating Trust is the transferee of the assets and liabilities of Industrial Income Trust Inc.
(b) shall mean each Beneficiarys proportionate share of the Trust Assets determined by the ratio of the number of Units held by such Beneficiary to the total number of Units held by all Beneficiaries.
(e) shall mean all the property (real, personal, tangible or intangible) held from time to time by Holdco, which shall consist of the Holdco Subsidiary Interests, any Retained Property owned directly by Holdco, and all dividends, distributions, rents, royalties, income, payments and recoveries of claims, proceeds and other receipts of, from, or attributable to such assets, less any of the foregoing utilized by Holdco to pay expenses of the Holdco, the Trust, or the Holdco Subsidiaries, satisfy Liabilities of Holdco, the Trust, or the Holdco Subsidiaries or to make distributions to the Trust and the Holdco Special Member. Moore and any other individual who hereafter becomes a Trustee and who is not on the date of determination, and within the last two years from the date of determination has not been, directly or indirectly associated with the Holdco Special Member or the Advisor by virtue of (i) ownership of an interest in the Holdco Special Member, the Advisor or any of their Affiliates, (ii) employment by the Holdco Special Member, the Advisor or any of their Affiliates, (iii) service as an officer or director of the Holdco Special Member, the Advisor or any of their Affiliates, (iv) performance of services, other than as a Trustee, for the Company, the Trust, Holdco, or any of its Subsidiaries, (v) service as a director or trustee of more than three real estate investment trusts organized by or advised by any Affiliate of the Advisor, or (vi) maintenance of a material business or professional relationship with Holdco Special Member, the Advisor or any of their Affiliates.
(h) means any corporation, partnership, limited liability company, joint venture, business trust, real estate investment trust or other organization, whether incorporated or unincorporated, or other legal entity directly or indirectly owned by Holdco. A business or professional relationship is considered material if the aggregate gross revenue derived by the Trustee from Holdco Special Member, the Advisor and their Affiliates exceeds five percent of either the Trustees annual gross revenue during either of the last two years or the Trustees net worth on a fair market value basis.
(5) "Environmental law" means a federal, state, or local law, rule, regulation, or ordinance relating to protection of the environment.
(6) "Guardian" means a person appointed by the court to make decisions regarding the support, care, education, health, and welfare of a minor or adult individual.