Exchangeable Units definition

Exchangeable Units has the meaning set out in Section 3.1;

Exchangeable Units means Units which may be redeemable for cash pursuant to Section 20.5 of the Partnership Agreement or exchangeable for Preferred Stock or redeemable for cash pursuant to Section 20.8 of the Partnership Agreement (without regard to any limitations on the exercise of such exchange right as a result of the Ownership Limit Provisions, as defined below).

Exchangeable Units has the meaning set out in the recitals to this Agreement;

Examples of Exchangeable Units in a sentence

• In the event of default, the landlord is entitled to recover liquidated damages from the Tenant – a standard formula is used to calculate this in most commercial lease agreements drafted by law firms.

• After the Closing, those holders of Exchangeable Units that did not elect to exchange their Exchangeable Units for Consideration Securities may elect to do so at any time in the future, and the Purchaser will assume and honor such Exchangeable Units in accordance with the Support Agreement.

• Pursuant to this Agreement, the Support Agreement and the A&R LLC Agreement, certain CRC Members are holders of Exchangeable Units and such holders may exchange their Exchangeable Units for Purchaser Shares.

• Holders of Exchangeable Units will each receive one (1) Purchaser Share in exchange for one (1) Exchangeable Unit.

• Any Member holding Exchangeable Units is required to exchange such units on or prior to the Termination Date.

More Definitions of Exchangeable Units

Exchangeable Units means the 3,327,667 Class B LP Units the Partnership issued at the inception of the Company to an affiliate of BBP in partial consideration for the Partnership’s acquisition of the assets of the Partnership from that affiliate. The Class B LP Units, except as otherwise noted, have economic and voting rights equivalent in all material respects to the Class A LP Units which are owned by Bridgemarq. The Class B LP Units are indirectly exchangeable, on a one-for-one basis, subject to adjustment, for Restricted Voting Shares.

Exchangeable Units means the Class B LP Units which are exchangeable for Units at the option of the holder in accordance with the terms of the Limited Partnership Agreement and the Exchange Agreement.

Exchangeable Units means Units which may be redeemable for cash pursuant to Section 16.5 of the Partnership Agreement or exchangeable for Preferred Stock or redeemable for cash pursuant to Section 16.8 of the Partnership Agreement (without regard to any limitations on the exercise of such exchange right as a result of the Ownership Limit Provisions, as defined below).

Exchangeable Units has the meaning set forth in the Preamble.

Exchangeable Units means exchangeable limited partnership units of the Partnership;

Exchangeable Units means, together, the Class A Units, Class B Units and Class C Units of Telesat Partnership.

Exchangeable Units means the Exchangeable Units of the Partnership having the attributes described in this AIF.