Capitalization; Distributions. The authorized capital of BEPC consists of an unlimited number of exchangeable shares, an unlimited number of class B shares, an unlimited number of class C shares, an unlimited number of class A senior preferred shares (issuable in series) and an unlimited number of class B junior preferred shares (issuable in series), of which as at the date hereof, 114,791,721 Exchangeable Shares, 110 class B shares and 126,400,000 class C shares were issued and outstanding as fully-paid and non-assessable shares of BEPC. The authorized capital of the Partnership consists of an unlimited number of limited partnership units, an unlimited amount of general partner units, 7,000,000 cumulative Class A preferred limited partnership units, Series 5 (the “Series 5 Preferred Units”), 7,000,000 cumulative Class A preferred limited partnership units, Series 7 (the “Series 7 Preferred Units”), 7,000,000 cumulative Class A preferred limited partnership units, Series 8 (the “Series 8 Preferred Units”), 8,000,000 cumulative Class A Preferred Limited Partnership Units, Series 9 (the “Series 9 Preferred Units”), 8,000,000 Class A Preferred Limited Partnership Units, Series 10 (the “Series 10 Preferred Units”), 10,000,000 cumulative Class A preferred limited partnership units, Series 11 (the “Series 11 Preferred Units”), 10,000,000 cumulative Class A preferred limited partnership units, Series 12 (the “Series 12 Preferred Units”), 10,000,000 cumulative Class A preferred limited partnership units, Series 13 (the “Series 13 Preferred Units”), 10,000,000 cumulative Class A preferred limited partnership units, Series 14 (the “Series 14 Preferred Units”), 7,000,000 cumulative Class A preferred limited partnership units, Series 15 (the “Series 15 Preferred Units”), 7,000,000 cumulative Class A preferred limited partnership units, Series 16 (the “Series 16 Preferred Units”) and an unlimited number of Class A Preferred Limited Partnership Units, Series 17 (the “Series 17 Preferred Units”), of which as at the date hereof, 183,198,850 limited partnership units, 1 general partner unit, 2,885,496 Series 5 Preferred Units, 7,000,000 Series 7 Preferred Units, no Series 8 Preferred Units, 8,000,000 Series 9 Preferred Units, no Series 10 Preferred Units, 10,000,000 Series 11 Preferred Units, no Series 12 Preferred Units, 10,000,000 Series 13 Preferred Units, no Series 14 Preferred Units, 7,000,000 Series 15 Preferred Units, no Series 16 Preferred Units and 8,000,000 Series 17 Preferred Units are issued...
Capitalization; Distributions. The authorized capital of the Partnership consists of an unlimited number of Units and an unlimited number of general partner units of which as at the date hereof, Units and one general partnership unit are issued and outstanding as fully-paid and non-assessable units of the Partnership. The Partnership does not have any authorized or outstanding preferred limited partnership units. All of the issued and outstanding Units and general partner units in the capital of the Partnership have been duly authorized and validly issued and are fully-paid and non-assessable and have been issued in compliance with all applicable U.S. and Canadian laws (except where the failure to do so would not have a Material Adverse Effect), and none of the outstanding Units or general partner units in the capital of the Partnership were issued in violation of the pre-emptive or other similar rights of any securityholder of the Partnership. All distributions, including the distributions on all other securities of the Partnership ranking prior to or on a parity with the Units with respect to the payment of distributions in respect of periods ending on or prior to the date hereof, have been declared and paid or set apart for payment.
Capitalization; Distributions. Issue any membership interests (other than any non-economic "special membership" interests) except to Edison. The Borrower shall not pay any distributions to any of its members if such payment would be prohibited under the Delaware Limited Liability Company Act or if at the time of, or as a result of, such payment a Default or an Event of Default has occurred and is continuing or would result therefrom.
Capitalization; Distributions. The authorized capital of BIP consists of an unlimited number of Units and an unlimited number of general partner units of which as at the date hereof, 112,974,457 Units and 1,066,929 general partnership units are issued and outstanding as fully-paid and non-assessable units of BIP. BIP does not have any authorized or outstanding preferred limited partnership units. All of the issued and outstanding Units and general partner units in the capital of BIP have been duly authorized and validly issued and are fully-paid and non-assessable and have been issued in compliance with all applicable U.S. and Canadian laws (except where the failure to do so would not have a Material Adverse Effect), and none of the outstanding Units or general partner units in the capital of BIP were issued in violation of the pre-emptive or other similar rights of any securityholder of BIP. All distributions, including the distributions on all other securities of BIP ranking prior to or on a parity with the Units with respect to the payment of distributions in respect of periods ending on or prior to the date hereof have been declared and paid or set apart for payment.
Capitalization; Distributions. The authorized capital of BIP consists of an unlimited number of Units, an unlimited number of Class A Preferred Units and an unlimited number of general partner units. As of September 8, 2017, approximately 259,733,735 Units (368,135,727 Units assuming the exchange of all of BAM’s RPUs), 5,000,000 Class A Preferred Units, Series 1, 5,000,000 Class A Preferred Units, Series 3, 10,000,000 Class A Preferred Units, Series 5, 12,000,000 Class A Preferred Units, Series 7 and one general partner unit were issued and outstanding as fully-paid and non-assessable units of BIP. As of the date hereof, there are no issued or outstanding Class A Preferred Units, Series 2, Class A Preferred Units, Series 4, Class A Preferred Units, Series 6 or Class A Preferred Units, Series 8. All of the issued and outstanding Units, Class A Preferred Units and general partner units in the capital of BIP have been duly authorized and validly issued and are fully-paid and non-assessable and have been issued in compliance with all applicable U.S. and Canadian laws (except where the failure to do so would not have a Material Adverse Effect), and none of the outstanding Units, Class A Preferred Units or general partner units in the capital of BIP were issued in violation of the pre-emptive or other similar rights of any securityholder of BIP. All distributions, including the distributions on all other securities of BIP ranking prior to or on a parity with the Units with respect to the payment of distributions in respect of periods ending on or prior to the date hereof have been declared and paid or set apart for payment.
Capitalization; Distributions. The authorized capital of the Partnership consists of an unlimited number of Units, an unlimited number of general partner units, 7,000,000 cumulative Class A preferred limited partnership units, Series 5 (the “Series 5 Preferred Units”), 7,000,000 cumulative Class A preferred limited partnership units, Series 7 (the “Series 7 Preferred Units”), 7,000,000 cumulative Class A preferred limited partnership units, Series 8 (the “Series 8 Preferred Units”), 8,000,000 Cumulative Minimum Rate Reset Class A Preferred Limited Partnership Units, Series 9 (the “Series 9 Preferred Units”) and 8,000,000 Class A Preferred Limited Partnership Units, Series 10 (the “Series 10 Preferred Units”), of which as at the date hereof, 143,244,717 Units, one general partnership unit, 2,885,496 Series 5 Preferred Units, 7,000,000 Series 7 Preferred Units, no Series 8 Preferred Units, 8,000,000 Series 9 Preferred Units and no Series 10 Preferred Units are issued and outstanding as fully-paid and non-assessable units of the Partnership. All of the issued and outstanding Units, general partner unit, Series 5 Preferred Units, Series 7 Preferred Units and Series
Capitalization; Distributions. The authorized capital of BBU consists of an unlimited number of Units, an unlimited number of Class A Preferred Units and an unlimited number of general partner units. As of September 18, 2017 approximately 51,845,298 Units (107,995,795 Units assuming the exchange of all of BAM’s REUs) and four general partner units were issued and outstanding as fully-paid and non-assessable units of BBU. All of the issued and outstanding Units and general partner units in the capital of BBU have been duly authorized and validly issued and are fully-paid and non-assessable and have been issued in compliance with all applicable U.S. and Canadian laws (except where the failure to do so would not have a Material Adverse Effect), and none of the outstanding Units or general partner units in the capital of BBU were issued in violation of the pre-emptive or other similar rights of any securityholder of BBU. All distributions, including the distributions on all other securities of BBU ranking prior to or on a parity with the Units with respect to the payment of distributions in respect of periods ending on or prior to the date hereof have been declared and paid or set apart for payment.
Capitalization; Distributions. As of April 7, 2015, the authorized capital of BIP consists of an unlimited number of Units, an unlimited number of general partner units, 5,000,000 cumulative rate reset class A preferred limited partnership units, series 1 (the “Series 1 Preferred Units”) and 5,000,000 cumulative rate reset class A preferred limited partnership units, series 2 (the “Series 2 Preferred Units”) of which as at the date hereof, 150,324,145 Units, one general partnership unit, 5,000,000 Series 1 Preferred Units and no Series 2 Preferred Units are issued and outstanding as fully-paid and non-assessable units of BIP. All of the issued and outstanding Units, general partner units, Series 1 Preferred Units in the capital of BIP have been duly authorized and validly issued and are fully-paid and non-assessable and have been issued in compliance with all applicable U.S. and Canadian laws (except where the failure to do so would not have a Material Adverse Effect), and none of the outstanding Units, general partner units or Series 1 Preferred Units in the capital of BIP were issued in violation of the pre-emptive or other similar rights of any securityholder of BIP. All distributions, including the distributions on all other securities of BIP ranking prior to or on a parity with the Units with respect to the payment of distributions in respect of periods ending on or prior to the date hereof have been declared and paid or set apart for payment.
Capitalization; Distributions. The authorized capital of BIP consists of an unlimited number of Units and an unlimited number of general partner units of which as at the date hereof, 143,609,566 Units and one general partnership unit are issued and outstanding as fully-paid and non-assessable units of BIP. BIP does not have any authorized or outstanding Preferred Units. All of the issued and outstanding Units and general partner units in the capital of BIP have been duly authorized and validly issued and are fully-paid and non-assessable and have been issued in compliance with all applicable U.S. and Canadian laws (except where the failure to do so would not have a Material Adverse Effect), and none of the outstanding Units or general partner units in the capital of BIP were issued in violation of the pre-emptive or other similar rights of any securityholder of BIP. All distributions, including the distributions on all other securities of BIP ranking prior to or on a parity with the Units with respect to the payment of distributions in respect of periods ending on or prior to the date hereof have been declared and paid or set apart for payment.
Capitalization; Distributions
