Exchangeable Units definition

Exchangeable Units means Units which may be redeemable for cash pursuant to Section 20.5 of the Partnership Agreement or exchangeable for Preferred Stock or redeemable for cash pursuant to Section 20.8 of the Partnership Agreement (without regard to any limitations on the exercise of such exchange right as a result of the Ownership Limit Provisions, as defined below).

Exchangeable Units has the meaning set out in Section 3.1;

Exchangeable Units has the meaning set out in the recitals to this Agreement;

Examples of Exchangeable Units in a sentence

• Special Trust Units were issued in conjunction with the CSLP Exchangeable Units and cannot be transferred separately from them.

• Through Special Voting Units, holders of Exchangeable Units are entitled to an equivalent number of votes at all meetings of Unitholders or in respect of any written resolution of Unitholders equal to the number of Exchangeable Units held.

• An equivalent number of Special Voting Units were issued at the same time as the Exchangeable Units.

• The distributions on the Exchangeable Units are recorded in financing costs.

• Special Trust Units entitle the holders thereof to the number of votes at any meeting of unitholders of the Fund equal to the number of units which may be obtained upon exchange of the CSLP Exchangeable Units to which they relate and do not otherwise entitle the holder to any rights with respect to the Fund’s property or income.

More Definitions of Exchangeable Units

Exchangeable Units means the 3,327,667 Class B LP Units the Partnership issued at the inception of the Company to an affiliate of BBP in partial consideration for the Partnership’s acquisition of the assets of the Partnership from that affiliate. The Class B LP Units, except as otherwise noted, have economic and voting rights equivalent in all material respects to the Class A LP Units which are owned by Bridgemarq. The Class B LP Units are indirectly exchangeable, on a one-for-one basis, subject to adjustment, for Restricted Voting Shares.

Exchangeable Units means the Class B LP Units which are exchangeable for Units at the option of the holder in accordance with the terms of the Limited Partnership Agreement and the Exchange Agreement.

Exchangeable Units means the Class B exchangeable limited partnership units in the capital of the Partnership;

Exchangeable Units has the meaning set forth in the Preamble.

Exchangeable Units means exchangeable limited partnership units of the Partnership;

Exchangeable Units means the Exchangeable Units of the Partnership having the attributes described in this AIF.

Exchangeable Units means the Class B Nonvoting Units of CRC which are exchangeable into Purchaser Securities pursuant to the A&R LLC Agreement;.