Focus Exchangeable LP Units definition

Focus Exchangeable LP Units means the Class B limited partnership units of Focus, which are non-transferable and are exchangeable for no additional consideration into Focus Units on a one-for-one basis;
Sample 1
Focus Exchangeable LP Units means the Class B limited partnership units of Focus LP;
Sample 1
Focus Exchangeable LP Units means the Class B limited partnership units of Focus LP, 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 Focus Exchangeable LP Unit;
Sample 1

Examples of Focus Exchangeable LP Units in a sentence

  • No order, ruling or determination having the effect of suspending the sale of, or ceasing the trading of, the Focus Units, the Focus Exchangeable LP Units or any other securities of Focus has been issued by any regulatory authority and is continuing in effect and no proceedings for that purpose have been instituted, are pending or, to the knowledge of Focus and FET Resources, are contemplated or threatened under any Applicable Laws or by any other regulatory authority.

  • As of the date hereof, and except with respect to not more than 9.2 million Focus Exchangeable LP Units, Focus is the beneficial direct or indirect owner of all of the outstanding shares, trust units and partnership units, as applicable, of the Subsidiaries of Focus with good title thereto free and clear of any and all encumbrances.

  • Focus will call and hold a meeting ("Focus Meeting") of Focus Unitholders and the holders of Focus Exchangeable LP Units ("Focus Exchangeable LP Holders", and together with the Focus Unitholders, the "Focus Securityholders") to consider and approve the Transaction.

  • The numbers of Trust Units (and, where applicable, Focus Exchangeable LP Units) held by each proposed director are presented as of March 7, 2008 and are provided by each individual nominee, such information not being within the knowledge of Enerplus.

  • The authorized capital of Focus consists of an unlimited number of Class A limited partnership units and an unlimited number of Focus Exchangeable LP Units.

  • If this voting direction is not signed by the Holder of Focus Exchangeable LP Units, the votes to which the Holder of the Focus Exchangeable LP Units is entitled will not be exercised.

  • Holders of the Focus Limited Partnership Class B Units (”Focus Exchangeable LP Units”) did not exchange their Focus Exchangeable LP units for Enerplus units pursuant to the Arrangement, but following the Arrangement, the Focus Exchangeable LP Units are exchangeable for Enerplus trust units on the basis of 0.425 of an Enerplus trust unit for each Focus Exchangeable LP unit.

  • A Dissenting Securityholder who is entitled to be paid the fair value of the holder's Focus Securities shall be deemed to have transferred the holder's Focus Securities to Focus, in the case of the Focus Units, or Focus LP, in the case of the Focus Exchangeable LP Units for cancellation at the Effective Time, notwithstanding the provisions of Section 191 of the ABCA.

  • If dissent rights are granted to Focus Unitholders by the Court in connection with the Transaction, holders of not more than 5% of the aggregate of the issued and outstanding Focus Units and Focus Exchangeable LP Units shall have validly exercised rights of dissent in relation to the Transaction.

  • As of the date hereof, there were issued and outstanding not more than 70.67 million Focus Units and not more than 9.2 million Focus Exchangeable LP Units.

Related to Focus Exchangeable LP Units

  • Exchangeable Shares means the exchangeable shares in the capital of the Company, having the rights, privileges, restrictions and conditions set forth herein;

  • 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).

  • Common Units means common units representing limited partner interests in the Partnership.

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

  • 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;

  • 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.

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

  • Series B Preferred Units means the Partnership's 8 5/8% Series B Cumulative Redeemable Partnership Units.

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

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

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

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

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

  • 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.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

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

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

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

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

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

  • 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.

  • LLC Units has the meaning set forth in the LLC Agreement.

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;

  • Amalco Common Shares means common shares in the capital of Amalco;

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