Exchangeable LP Unit definition

Exchangeable LP Unit means a unit of interest in FCR LP designated as a Class B LP Unit and having the rights and attributes described in the FCR LP Agreement with respect thereto.
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Exchangeable LP Unit means the Class B LP Units and the Class C LP Units.
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Exchangeable LP Unit means an exchangeable limited partnership unit in the form attached as Schedule B and with the rights, privileges, restrictions and conditions attached as Schedule C.
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Examples of Exchangeable LP Unit in a sentence

  • Upon the exchange or conversion of an Exchangeable LP Unit for Units, the related Special Voting Unit will immediately be cancelled without any further action of the Trustees, and the former holder of such Special Voting Unit will cease to have any further rights.

  • Each Special Voting Unit will entitle the holder to that number of votes at any meeting of Voting Unitholders that is equal to the number of Units that may be obtained upon the exchange of the Exchangeable LP Unit to which it is attached.

  • Each Exchangeable LP Unit entitles the holder to receive distributions from AutoCanada LP pro rata with distributions made by AutoCanada LP on Fund Units.

  • Equities, the holder of the Class B and Class C Limited Partnership Units (collectively, the “Exchangeable LP Units”) of Pollard LP and the associated Special Voting Units, received, in exchange for each group of one Exchangeable LP Unit (together with the accompanying Special Voting Units) one common share of Pollard.

  • Each Special Voting Unit will entitle the holder thereof to that number of votes at any meeting of Voting Unitholders that is equal to the number of Units that may be obtained upon the exchange (direct or indirect) of the Exchangeable LP Unit or other Exchangeable Security to which it is attached.

  • Upon the exchange or conversion of an Exchangeable LP Unit or other Exchangeable Security for Units, the Special Voting Unit that is attached to such Exchangeable LP Unit or other Exchangeable Security will immediately be cancelled without any further action of the Trustees, and the former holder of such Special Voting Unit will cease to have any rights with respect thereto.

  • One Exchangeable LP Unit and one Special Voting Unit are collectively indirectly exchangeable for one Unit, subject to adjustment in certain circumstances.

  • The Exchangeable LP Units of Skyline Retail LP issued to the vendors of the Glengate Portfolio, the GoodLife Portfolio and the Wheels Inn World Portfolio shall be valued at $10.00, $10.00 and $11.50 per Exchangeable LP Unit, respectively, and shall be exchangeable for REIT Units pursuant to the respective Exchange Agreement.

  • Subject to the requirements of applicable Law with respect to unclaimed property, no holder of an Exchangeable LP Unit will be entitled to recover by action or other legal process against the Partnership any distribution that is represented by a cheque that has not been duly presented to the Partnership’s bankers for payment or that otherwise remains unclaimed for a period of five years from the date on which such distribution was first payable.

  • Distributions totalling $0.250 and $0.390 were declared per Fund Unit and the Exchangeable LP Unit respectively by the Fund for the period ended December 31, 2006.

Related to Exchangeable LP Unit

  • 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;

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

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

  • Preferred Share means a share of stock of the General Partner of any class or series now or hereafter authorized or reclassified that has dividend rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the REIT Shares.

  • Exchangeable Notes means the Class M-2A and Class M-2B Notes of the Freddie Mac STACR® Debt Notes, Series 2018-HQA1, which may be transferred only on the book-entry system operated by DTC or its successor, or under certain limited circumstances, in registered, certificated form, as provided in the Global Agency Agreement.

  • Preference Share means a preference share of a par value of US$0.0001 in the share capital of the Company.

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