CNPLP’s Units definition

CNPLP’s Units means, at any time, all of the Units owned by the CNPLP.
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Examples of CNPLP’s Units in a sentence

  • At the closing date of the Sale, Hydro shall satisfy the purchase price for all of the CNPLP’s Units, to be purchased from the CNPLP in the manner provided for in this CNPLP Financing Agreement, and Hydro shall arrange for the discharge of all registrations in public registries made against the CNPLP under the CNPLP Loan Documents pursuant to this CNPLP Financing Agreement.

  • Any amount not repaid out of Distributions on the CNPLP’s Units in any year due to the aforementioned condition shall be added as an additional payment to be made out of such Distributions in the following year (or years if the application of the aforementioned condition restricts the repayment in subsequent year(s)), until repaid in full.

  • Right (as applicable) will not result in the creation or imposition of any Lien on any of the CNPLP’s Units, other than such Liens which will be paid in full and discharged out of the proceeds of the Sale, to Hydro’s satisfaction, acting reasonably, and such other Liens as Hydro, on the closing date of the Sale, may in its unfettered discretion accept in writing.

  • Upon the exercise of the Final Closing Sale Right, Hydro shall purchase all, and not less than all of the CNPLP’s Units from the CNPLP and the CNPLP shall sell all and not less than all of the CNPLP’s Units to Hydro in accordance with and subject to the terms and conditions of this CNPLP Financing Agreement.

  • At the closing date of the Sale, the CNPLP shall transfer and deliver to Hydro good and marketable title to all of the CNPLP’s Units, free and clear of all Liens except for the Permitted Liens (the particulars of which have been identified in writing to Hydro) and any other Liens that Hydro, in its unfettered discretion, agrees in writing at the closing date of the Sale that any of the CNPLP’s Units may be subject to.

  • Upon the exercise of the Final Closing Purchase Right or the JKDA Termination Purchase Right (as applicable) the CNPLP shall sell all, and not less than all of the CNPLP’s Units to Hydro and Hydro shall purchase all, and not less than all of the CNPLP’s Units from the CNPLP in accordance with and subject to the terms and conditions of this CNPLP Financing Agreement.