ARC Trust Units definition

ARC Trust Units means trust units of ARC Energy Trust;
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Examples of ARC Trust Units in a sentence

  • The ARC Trust Units to be issued pursuant to the Plan of Arrangement will, upon issuance, be duly and validly issued as fully paid and non-assessable trust units of ARC.

  • No order, ruling or determination having the effect of suspending the sale of, or ceasing the trading of, the ARC Trust Units or any other securities of ARC or ARC Resources has been issued by any Governmental Authority and is continuing in effect and no proceedings for that purpose have been instituted, are pending or, to the knowledge of ARC, are contemplated or threatened under any Applicable Laws or by any Governmental Authority.

  • ARC is a “reporting issuer” in each province of Canada and is in material compliance with all Applicable Canadian Securities laws therein and the ARC Trust Units are listed and posted for trading on the TSX.

  • In lieu of any fractional ARC Trust Unit, ExploreCo Warrant, Exchangeable Share, or ExploreCo Share, each registered Storm Shareholder otherwise entitled to a fractional interest in an ARC Trust Unit, Exchangeable Share, ExploreCo Share or ExploreCo Warrant will receive the nearest whole number of ARC Trust Units, Exchangeable Shares, ExploreCo Shares or ExploreCo Warrants, as the case may be.

  • Other than the ARC Trust Units and the Series A exchangeable shares of ARC Resources, there are no securities of ARC or ARC Resources which have the right to vote generally with the holders of ARC Trust Units on any matter.

  • No delisting, suspension of trading in or cease trading order with respect to the ARC Trust Units is pending or, to the knowledge of ARC, threatened.

  • All outstanding ARC Trust Units have been duly authorized and validly issued, are fully paid and non-assessable and are not subject to, nor were they issued in violation of, any pre-emptive rights and all ARC Trust Units issuable pursuant to the terms and conditions of the Series A exchangeable shares of ARC Resources in accordance with the terms of such shares will be duly authorized and validly issued as fully paid and non-assessable and will not be subject to any pre-emptive rights.