ECT Preferred Units definition

ECT Preferred Units means units of ECT, issuable in series, designated as "preferred units" pursuant to the ECT Trust Indenture;
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ECT Preferred Units means the class of trust units of ECT designated as “Preferred Units” in the ECT Trust Indenture and having the rights, privileges, restrictions and conditions described therein;
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ECT Preferred Units means the class of trust units of ECT designated as “Preferred Units” pursuant to the ECT Trust Indenture.
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Examples of ECT Preferred 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.

  • ECT Preferred Units are entitled to non-cumulative distributions when declared by ECT, have no direct voting rights except in limited circumstances and all mature on June 30, 2050.

  • Consequently, this Note maintains that federal regulations promulgated under Title VI of the Civil Rights Act of 1964, which prohibit actions by recipients of federal funding that have a disproportionately adverse impact on individuals on the basis of their race, color, or national origin, provide a more promising avenue for the federal government to challenge state laws patterned on section 28 that tend to chill educational opportunity for Hispanic students.

  • The holders of Class C units have an exchange right which allows for an exchange of the Class C units for Fund Units, ECT Preferred Units or common shares of ENF on a one-for-one basis at any time (Class C Exchange Right).

  • Enbridge has the right to exchange, at its option, some or all of the ECT Preferred Units for Fund Units on a one for one basis, subject to adjustment in respect of anti-dilution and economic equivalence.

  • 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.

  • Enbridge will purchase 13,159,000 ECT Preferred Units, Series 3 at a price of $23.15 per unit for the aggregate sum of $304,630,850, with a redemption value of $23.15 per unit and a maturity date of June 30, 2033.

  • The ancient Greeks had four forms of government: monarchy, oligarchy, tyranny, and democracy.

  • DILUTEDEnbridge directly and indirectly holds ordinary trust units of the Fund (Fund Units), preferred units of ECT (ECT Preferred Units) and EIPLP Class C units, which may be exchanged into common shares of the Company.

  • The holders of Class C units have an exchange right which allows for an exchange of the Class C units for Fund Units, ECT Preferred Units or common shares of ENF on a one-for-one basis at any time.


More Definitions of ECT Preferred Units

ECT Preferred Units means the units of ECT designated as “Preferred Units” in the ECT Trust Indenture.
Sample 1
ECT Preferred Units means the preferred units of ECT, issuable in series pursuant to the ECT Trust Indenture;
Sample 1

Related to ECT Preferred Units

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • UST Preferred Stock means the Issuer’s Fixed Rate Cumulative Perpetual Preferred Stock, Series [●].

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Class B Preferred Stock means the Class B Preferred Stock of the Company, par value $0.0001 per share.

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • Parity Preferred Units shall have the meaning provided in Section 4.

  • Preferred Unit means a fractional share of the Partnership Interests that the General Partner has authorized pursuant to Sections 4.01, 4.03 or 4.04 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the OP Units.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.00001 per share.

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.00001 per share.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.