EELP Exchangeable LP Units definition

EELP Exchangeable LP Units means the Class B limited partnership units of EELP, which are non-transferable and are exchangeable for no additional consideration into Trust Units on the basis of 0.425 of a Trust Unit for each EELP Exchangeable LP Unit;
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Examples of EELP Exchangeable LP Units in a sentence

  • EELP will be entitled to acquire all of EELP Exchangeable LP Units in exchange for Trust Units in certain specified circumstances, including there being outstanding fewer than 1,000,000 EELP Exchangeable LP Units or in the event of certain transactions which may involve a change of control of the Fund.

  • Partnership Units EELP is authorized to issue an unlimited number of EELP A Units and EELP Exchangeable LP Units.

  • The exchange, voting and distribution rights associated with EELP Exchangeable LP Units and the associated Special Voting Right as described below in greater detail are subject to standard anti-dilution provisions.

  • The EELP Exchangeable LP Units may also be issued in respect of other acquisitions made by EELP from time to time.

  • As of December 31, 2008, there were 7,238,000 EELP Exchangeable LP Units issued and outstanding, exchangeable into an aggregate of 3,076,000 Trust Units of the Fund.

  • EELP Exchangeable LP Units In 2006, EELP (then named Focus Limited Partnership) issued 10,000,000 EELP Exchangeable LP Units to securityholders of Profico Energy Management Ltd.

  • Harvey (via telephone), Shelly Hughes (via telephone), Rick Peterson (via telephone).

  • The ESPP specifies that the IEAR include seven components, which are described in an annotated outline The required components include project description; base line data; policy, legal and regulatory framework; route selection; screening of potential environmental impact, evaluation of mitigation measures; and monitoring and organization support structure.

  • TRUST UNIT OWNERSHIP As of February 24, 2010, the directors and officers named above beneficially own, or control or exercise direction over, directly or indirectly, an aggregate of 711,073 Trust Units, representing approximately 0.4% of the outstanding Trust Units as of that date, and 4,099,229 EELP 84 ENERPLUS RESOURCES 2009 ANNUAL INFORMATION FORM Exchangeable LP Units, representing approximately 65% of the outstanding EELP Exchangeable LP Units as of that date.

  • Present the Board with revised policies for both input and approval.

Related to EELP Exchangeable LP Units

  • Exchangeable Stock means any Capital Stock of a corporation that is exchangeable or convertible into another security (other than Capital Stock of such corporation that is neither Exchangeable Stock or Redeemable Stock).

  • Exchangeable Securities means any securities of any trust, limited partnership or corporation other than the Trust that are convertible or exchangeable directly for Units without the payment of additional consideration therefore;

  • Exchangeable Shares means the Exchangeable Shares of the Corporation having the rights, privileges, restrictions and conditions set forth herein.

  • 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.

  • Exchangeable Share Provisions means the rights, privileges, restrictions and conditions attaching to the Exchangeable Shares;

  • Common Units is defined in the Partnership Agreement.

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

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

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Series B 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).

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

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

  • Series C Preferred Units means the series of Partnership Units representing units of Limited Partnership Interest designated as the 8 5/8% Series C Cumulative Redeemable Preferred Units, with the designations, preferences and other rights set forth in Attachment C hereto.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

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

  • 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.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • New Ordinary Shares means the new Ordinary Shares arising on Conversion of the C Shares;

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

  • Class A Common Shares means shares of the Class A Common Stock, par value $.01 per share, of the Company.

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