ATM Program. The Partnership will provide notice to the ATM Managers suspending the offering of Common Units under the ATM Program, effective for the period beginning on the Closing Date and ending on the fifth anniversary of the Closing Date, and will provide a copy of the same to Bonanza on or prior to the Closing Date.
ATM Program. The Partnership will continue the suspension of the ATM Program until the earlier of (a) termination of the Suspension Period (as defined in the Partnership Agreement) in accordance with the terms of the Amended Partnership Agreement or (b) the fifth anniversary of the Class A Closing Date.
ATM Program. You may use your ATM Card and PIN (Personal Identification Number) in automated teller machines of the Credit Union, ATM Networks, and such other machines or facilities as the Credit Union may designate. At the present time, you may use your ATM Card to: • Make deposits to your savings and checking account. • There is no charge for deposits • Withdraw funds from your savings and checking account(s). • There is a charge of $2.00 per transaction • Transfer funds to or from your savings and checking account(s). • There is a charge of $2.00 per transaction • Obtain balance information for your savings or checking account(s). • There is a charge of $2.00 per transaction • Monthly card fee of $1.00 per account A fee may be imposed by an automated teller machine operator when the member initiates an electronic fund transfer or makes a balance inquiry, and by any network used to complete the transaction. Some of these services may not be available at all terminals. The following limitations on the frequency and amount of ATM transactions may apply: • There is no limit to the number of cash withdrawals you may make in any 24-hour period. • You may transfer up to the available balance in your accounts at the time of the transfer. • There is a maximum withdrawal amount of $400 per 24-hour period in $200.00 increments. Because of servicing schedule and processing time required in ATM operations, there is a delay between the time a deposit (either cash or check) is made and when it will be available for withdrawal. You should review the Credit Union’s Funds Availability policy to determine the availability of funds deposited at ATM’s.
ATM Program. The Company has sold 34,669,322 Common Shares at an average price of approximately $1.49 for aggregate gross proceeds of $49,847,849 under the equity distribution agreement between the Company, CFCC and Scotia Capital Inc. dated September 28, 2021 (the “Distribution Agreement”). As at the date hereof the Distribution Agreement has been terminated and the Company is not a party to any “at-the-market” sales arrangement. In this Agreement, a reference to “knowledge” of the Company, means the knowledge of Dxxxx Xxxxx, President and Chief Executive Officer, Exxxxxxxx Xxxxx, Vice President Finance and Interim Chief Financial Officer and Axxxxx Xxxxxxx, Vice President Legal and Corporate Secretary, in each case, after reasonable inquiry within the scope of such person’s duties. Any certificate signed by any officer on behalf of the Company or any of the Material Subsidiaries and delivered to the Underwriters or counsel for the Underwriters in connection with the offering of the Offered Shares shall be deemed to be a representation and warranty by the Company or Material Subsidiaries, as the case may be, as to matters covered thereby, to each Underwriter. The Company acknowledges that the Underwriters and, for purposes of the opinions to be delivered pursuant to Section 15(1) hereof, counsel to the Company and counsel to the Underwriters will rely upon the accuracy and truthfulness of the foregoing representations and hereby consents to such reliance.
ATM Program. On August 4, 2016, the Partnership entered into a second amended and restated distribution agreement (the “Distribution Agreement”) providing for the continuous issuance of common units, in amounts, at prices and on terms to be determined by market conditions and other factors at the time of our offerings (such continuous offering program, or at-the-market program is referred to as our “ATM Program”). The Partnership expects the net proceeds from sales under the ATM Program will be used for general partnership purposes, including repayment or refinancing of debt, and funding for acquisitions, working capital requirements and capital expenditures. During the year ended December 31, 2015, the Partnership issued an aggregate of 25,166 common units under our ATM Program, generating net proceeds of approximately $1 million. During the year ended December 31, 2016, the Partnership issued an aggregate of 26,347,887 common units under the ATM Program generating net proceeds of approximately $776 million. As of December 31, 2016, $717 million of common units remains available for issuance through the ATM program under the Distribution Agreement. The table below summarizes the changes in the number of units outstanding for the years ended December 31, 2014, 2015, and 2016: (In units) Common Class B Subordinated General Partner Total Balance at December 31, 2013 36,951,515 — 36,951,515 1,508,225 75,411,255 Unit-based compensation awards 15,479 — — 316 15,795 Contribution of interest in Pipe Line Holdings 2,924,104 — — 59,676 2,983,780 December 2014 equity offering 3,450,000 — — 70,408 3,520,408 Balance at December 31, 2014 43,341,098 — 36,951,515 1,638,625 81,931,238 Unit-based compensation awards 18,932 — — 386 19,318 Issuance of units under the ATM program 25,166 — — 514 25,680 Subordinated unit conversion 36,951,515 — (36,951,515 ) — — MarkWest Merger 216,350,465 7,981,756 — 5,160,950 229,493,171 Balance at December 31, 2015 296,687,176 7,981,756 — 6,800,475 311,469,407 Unit-based compensation awards 120,989 — — 2,470 123,459 Issuance of units under the ATM Program 26,347,887 — — 537,710 26,885,597 Contribution of HSM (See Note 4) 22,534,002 — — 459,878 22,993,880 Class B conversion 4,350,057 (3,990,878 ) — 7,330 366,509 Class A Reorganization 7,153,177 — — (436,758 ) 6,716,419 Balance at December 31, 2016 357,193,288 3,990,878 — 7,371,105 368,555,271 On July 1, 2016, 3,990,878 Class B units converted to 4,350,057 common units and received the second quarter distr...
ATM Program. If approved, you may use your card and personal identification number (PIN) in automated teller machines (ATMs) of the Credit Union, Allpoint, Cirrus, American Express networks, and such other machines or facilities as the Credit Union may designate. For ATM transactions, you must consent to the Credit Union’s overdraft protection plan in order for the transaction amount to be covered under the plan. Without your consent, the Credit Union may not authorize and pay an overdraft resulting from these types of transactions. Services and fees for ATM overdrafts are shown in the document the Credit Union uses to capture the member’s opt-in choice for overdraft protection and the Schedule of Fees and Charges.
