BP Canada LP Units definition

BP Canada LP Units means collectively the Class 1 LP Units, Class 2 LP Units, Class 3 LP Units, Class 4 LP Units and Class 5 LP Units.
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Examples of BP Canada LP Units in a sentence

  • The amount of Distributable Cash will be dependent on the amount of interest paid on the BP Loan, the amount of the Royalty payable by BPI to the Partnership and the amount of distributions payable by BP Canada LP to Holdings LP on the BP Canada LP Units.

  • The amount of the Royalty and the distributions on the BP Canada LP Units are, in turn, dependent on Franchise Revenue.

  • The fair value adjustment of the BP Canada LP Units Liability for the nine months ended September 30, 2019 is a$11.7 million loss (2018 – $25.4 million gain).

  • This valuation technique may not represent the actual value of the financial asset should such Class B Units be exchanged.The fair value of the BP Canada LP Units Liability for the Company mirrors the fair value of the investment in units of BP Canada LP asset recorded by the Fund for any particular period.

  • Basis of preparation (continued):(c) Use of estimates and judgments (continued):Estimates (continued): BP Canada LP Units Liability and Fair Value Adjustment (continued)Class 1 LP Units are entitled to distributions with respect to the interest cost incurred on a certain credit facility held by the Fund.

  • This requires that the Company use a valuation technique to determine the value of the BP Canada LP Units Liability at each reporting date (refer to note 12).This valuation technique may not represent the actual value of the financial liability and could materially impact the Company’s financial position and net and comprehensive income.

  • Basis of preparation (continued):(c) Use of estimates and judgments (continued):Estimates (continued):• BP Canada LP Units Liability and Fair Value Adjustment (continued)Class 1 LP Units are entitled to distributions with respect to the interest cost incurred on a certain credit facility held by the Fund.

Related to BP Canada LP Units

  • 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.

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

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

  • Additional Ordinary Shares means Ordinary Shares issued by the Guarantor following the issuance of the Subscribed Ordinary Shares;