Canetic Units definition

Canetic Units means ordinary trust units of Canetic Trust;
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Canetic Units means the trust units of Canetic;
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Examples of Canetic Units in a sentence

  • In addition there are outstanding not more than $252 million principal amount of convertible debentures outstanding that, as at the date hereof, can be converted into 10.6 million Canetic Units.

  • In addition, Canetic will declare a special cash distribution of $0.09 per Canetic Unit payable to holders of Canetic Units on or preceding the effective date of the Transaction.

  • The parties agree that upon approval of the Transaction by Canetic Unitholders, and prior to the Effective Date, all outstanding unit entitlements under such plans and agreements shall be paid in Canetic Units to be issued from treasury (and not cash) that will participate in the Transaction on the same basis as the existing Canetic Units.

  • Not more than 7.0 Canetic Units will be issued pursuant to Canetic's proposed acquisition of Titan Exploration Ltd.

  • The Transaction shall be completed in a manner which results in a tax-deferred exchange of Canetic Units for Penn West Units for Canadian and United States income tax purposes.

  • Penn West and Canetic, acting reasonably and in good faith, shall negotiate and enter into an agreement ("Transaction Agreement") as soon as reasonably practicable and in any event by December 10, 2007 to implement the Transaction to provide for the merger of Penn West and Canetic and the issue and distribution of Penn West Units and the payment of the Special Distribution to holders of Canetic Units ("Canetic Unitholders") on the basis described in paragraph 1.

  • All outstanding Canetic Units and Canetic Debentures have been duly authorized and validly issued, are fully paid and non-assessable and are not subject to, nor were they issued in violation of, any pre-emptive rights and all Canetic Units issuable pursuant to the Canetic Securities Instruments in accordance with their respective terms will be duly authorized and validly issued as fully paid and non-assessable and will not be subject to any pre-emptive rights.

  • Pursuant to the Transaction, holders of trust units of Canetic ("Canetic Units") will receive for each Canetic Unit held, 0.515 of a trust unit of Penn West ("Penn West Unit").

  • No order, ruling or determination having the effect of suspending the sale of, or ceasing the trading of, the Canetic Units, the Canetic Debentures or any other securities of Canetic 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 Canetic and CRI, are contemplated or threatened under any Applicable Laws or by any other regulatory authority.

  • As of the date hereof, the authorized capital of Canetic consists of an unlimited number of Canetic Units, an unlimited number of Special Trust Units (as defined in the Canetic Trust Indenture), an unlimited number of Special Voting Units (as defined in the Canetic Trust Indenture) and $263 million aggregate principal amount of Canetic Debentures.

Related to Canetic Units

  • public units means the state or a political subdivision or instrumentality of the state including a county, school corporation, special district, drainage district, unincorporated town or township, municipality, or municipal corporation or any agency, board, or commission of the state or a political subdivision; any court or public body; an electric power agency; federal and state grant moneys of a quasi-public state entity under Iowa Code section 12C.1, subsection (2e), and this chapter. Public units additionally include, but are not limited to:

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

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

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • Purchased Units means, with respect to a particular Purchaser, the number of Common Units equal to the aggregate Purchase Price set forth opposite such Purchaser’s name under the column titled “Purchase Price” set forth on Schedule A hereto divided by the Common Unit Price.

  • Common Units is defined in the Partnership Agreement.

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • Residential Units means individually or collectively (as the context requires), any or all residential apartment unit(s) in the Project.

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

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

  • Membership Interests has the meaning set forth in the recitals.

  • 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.

  • Offered Units shall have the meaning set forth in Section 11.1 hereof.

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

  • Private Units means (x) the Units purchased in the private placement taking place simultaneously with the consummation of the Company’s IPO and (y) the additional Units that may be purchased in connection with the exercise of the over-allotment option by the underwriters in the IPO as described in the Registration Statement; (vi) “Registration Statement” means the registration statement on Form S-1 filed by the Company with respect to the IPO; and (vii) “Trust Fund” shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

  • 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.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Class C Units The term "Class C Units" shall have the meaning set forth in the preface.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Redeemed Units has the meaning set forth in Section 11.01(a).

  • Membership Unit means an outstanding common membership unit of the LLC.

  • Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;