BP Canada LP Units definition

BP Canada LP Units means collectively the Class 1 LP Units, Class 2 LP Units, Class 3 LP Units, Class 4 LP Units and Class 5 LP Units.
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Examples of BP Canada LP Units in a sentence

  • The amount of Distributable Cash will be dependent on the amount of interest paid on the BP Loan, the amount of the Royalty payable by BPI to the Partnership and the amount of distributions payable by BP Canada LP to Holdings LP on the BP Canada LP Units.

  • The amount of the Royalty and the distributions on the BP Canada LP Units are, in turn, dependent on Franchise Revenue.

  • The fair value adjustment of the BP Canada LP Units Liability for the nine months ended September 30, 2019 is a$11.7 million loss (2018 – $25.4 million gain).

  • This valuation technique may not represent the actual value of the financial asset should such Class B Units be exchanged.The fair value of the BP Canada LP Units Liability for the Company mirrors the fair value of the investment in units of BP Canada LP asset recorded by the Fund for any particular period.

  • Basis of preparation (continued):(c) Use of estimates and judgments (continued):Estimates (continued): BP Canada LP Units Liability and Fair Value Adjustment (continued)Class 1 LP Units are entitled to distributions with respect to the interest cost incurred on a certain credit facility held by the Fund.

  • This requires that the Company use a valuation technique to determine the value of the BP Canada LP Units Liability at each reporting date (refer to note 12).This valuation technique may not represent the actual value of the financial liability and could materially impact the Company’s financial position and net and comprehensive income.

  • Basis of preparation (continued):(c) Use of estimates and judgments (continued):Estimates (continued):• BP Canada LP Units Liability and Fair Value Adjustment (continued)Class 1 LP Units are entitled to distributions with respect to the interest cost incurred on a certain credit facility held by the Fund.

Related to BP Canada LP Units

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • LLC Units has the meaning set forth in the LLC Agreement.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Company Units has the meaning set forth in the Recitals.

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class B Units means the Class B Units of the Company.

  • Common Units is defined in the Partnership Agreement.

  • Membership Units means membership interests in the Company.

  • SpinCo Shares means the shares of common stock, par value $0.01 per share, of SpinCo.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Class A Common Units means the Company's Class A Common Units.

  • Partnership Percentage means the percentage share of each Partner in the Net Income or Net Loss of the Partnership. The Partners’ initial Partnership Percentages shall be proportionate to the Partners’ initial Capital Contributions to the Partnership. Thereafter, subject to Section 1.68(g), such Partnership Percentages shall be adjusted only to reflect a disproportionate Capital Contribution by one or more Partners or a disproportionate distribution to one or more Partners, with disproportion being determined in accordance with Sections 4.2(a) and 4.5(b), except as set forth in Section 1.68(f).

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Purchased Units means, with respect to a particular Purchaser, the number of Common Units equal to the aggregate Purchase Price set forth opposite such Purchaser’s name under the column titled “Purchase Price” set forth on Schedule A hereto divided by the Common Unit Price.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • Additional Ordinary Shares means Ordinary Shares issued by the Guarantor following the issuance of the Subscribed Ordinary Shares;

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.