ECT Class B Units definition

ECT Class B Units means the units of ECT designated as “Class B Units” pursuant to the ECT Trust Indenture and which are issuable in series;
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ECT Class B Units means the class of trust units of ECT designated as “Class B Units” pursuant to the ECT Trust Indenture.
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ECT Class B Units means the units of ECT designated as “Class B Units” pursuant to the ECT Trust Indenture.
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Examples of ECT Class B Units in a sentence

  • The General Partner shall ensure that the total funding requirement specified in any Allotment Notice issued pursuant to Section 3.4 of the Fund Trust Indenture or the ECT Trust Indenture, as applicable, takes into account any subscription for Fund Units, ECT Preferred Units, ECT Class B Units and Class C Units by the Enbridge Class C Unitholders in order to maintain the foregoing proportions.

  • Pursuant to the Fund Trust Indenture, the Company and Enbridge each have a pre-emptive right to acquire any Fund Units proposed to be issued by the Fund in proportion to their respective economic interest in the Fund, inclusive in the case of Enbridge, of the Fund Units, ECT Preferred Units, ECT Class B Units and EIPLP Class C Units owned by Enbridge and its Affiliates.

  • Exchange Right Support Agreement made as of September 1, 2015 among EIFH, the Fund, ECT, EIPLP, EIPGP, Enbridge, IPL System and the Manager pursuant to which Enbridge and IPL System may effect a direct or indirect exchange Exchangeable Securities into EIFH Shares, Fund Units, ECT Preferred Units or ECT Class B Units, subject to ownership thresholds.

  • ECT hereby represents, warrants and covenants in favour of the holders of Exchangeable Securities, EIFH and the Fund that ECT has reserved for issuance and will, at all times while this Agreement is outstanding, keep available, free from any pre-emptive and other rights granted by ECT, such number of ECT Common Units, ECT Preferred Units or ECT Class B Units, as applicable, as are issuable under the applicable Exchange Right.

  • Exchange Right Support Agreement made as of September 1, 2015 among EIFH, the Fund, ECT, EIPLP, EIPGP, Enbridge, IPL System and the Manager pursuant to which Enbridge and IPL System may effect a direct or indirect exchange Exchangeable Securities into EIFH Shares, Fund Units, ECT Preferred Units or ECT Class B Units, subject to ownership thresholds.The foregoing agreements are available on SEDAR at www.sedar.com.

  • Pursuant to the rights contained on the Fund Trust Indenture, the Company and Enbridge each have a pre-emptive right to acquire any Fund Units proposed to be issued by the Fund in proportion to their respective economic interest in the Fund, inclusive in the case of Enbridge, of the Fund Units, ECT Preferred Units, ECT Class B Units and EIPLP Class C Units owned by Enbridge and its Affiliates.

  • The number of Common Shares as well as the number of ECT Preferred Units and ECT Class B Units that can be held by Enbridge and its affiliates is subject to ownership thresholds.

Related to ECT Class B Units

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

  • 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.

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

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • 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 Common Units has the meaning set forth in Section 1(a) hereof.

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

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

  • Parent Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of Parent.

  • Class C Shares means the shares of Class C common stock of the Company.

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

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Class B Members means any Persons to whom Class B Membership Units are issued, and any assignee or transferee of such Persons permitted under the terms of this Agreement, and any other Person admitted to the Company in the future as a Class B Member pursuant to the terms hereof. The names of the Class B Members, and the Percentage Interests allocated to each such Class B Member, shall be reflected in the books and records of the Company.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Company Class B Common Stock means the Class B common stock, par value $0.01 per share, of the Company.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Parent Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of Parent.

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

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • Class B Interests As set forth in the Trust Agreement.

  • Company Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of the Company.

  • Class C Unit means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and having the rights and obligations specified with respect to the Class C Units in this Agreement. The term “Class C Unit” does not refer to a Common Unit until such Class C Unit has converted into a Common Unit pursuant to the terms hereof.

  • Common Units is defined in the Partnership Agreement.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.