Convertible Units definition

Convertible Units means the convertible debt units issued by Chorus to Fairfax comprising $200.0 million principal amount of 6.00% secured debentures maturing on December 31, 2024 and warrants exercisable to acquire up to 24,242,424 Shares of Chorus at a price of $8.25 per Share;

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Convertible Units means the convertible debt units issued by the Corporation to Fairfax in 2017 for gross proceeds of $200.0 million, each such unit comprising a $1,000 6.00% Debenture and 121.2122121 Warrants;

Convertible Units means the convertible debt units issuable by the Corporation to Fairfax comprising $200.0 million principal amount of 6.00% secured debentures maturing on December 31, 2024 and warrants exercisable to acquire up to 24,242,424 Shares of the Corporation at a price of $8.25 per Share.

Examples of Convertible Units in a sentence

• On the Closing Date, the issuance of the Series A Convertible Units comprising the Equity Consideration will have been duly authorized in accordance with the Organizational Documents of the Partnership.

• This distribution shall not be deemed a distribution on a Common Unit, but the satisfaction of prior entitlements of the holders of Class B Convertible Units as of the Conversion Effective Date.

• The approval of a majority of the Series A Convertible Units shall be required to approve any matter for which the holders of the Series A Convertible Units are entitled to vote as a separate class.

• The General Partner hereby designates and creates a class of Units to be designated as “Series A Convertible Preferred Units,” and fixes the designations, preferences and relative, participating, optional or other special rights, powers and duties of holders of the Series A Convertible Units as set forth in this Section 5.15.

• Upon their issuance in accordance with the terms of the Plan, and in consideration of the agreement by the holders of Participating Common Units to forgo certain distributions with respect to such Participating Common Units in accordance with the Plan, the Series A Convertible Units will be fully paid.

More Definitions of Convertible Units

Convertible Units has the meaning set forth in the recitals.

Convertible Units. ’ means the Class C Units, Class F Units and, Class I Units;

Convertible Units means the Class A Units, Class C Units and Class F Units; (kk) “CPOA” has the meaning given thereto in Section 3.7(d);

Convertible Units means a unit of the Corporation, consisting of one $1,000 principal amount 8% senior unsecured convertible debenture and 667 Underlying Warrants;

Convertible Units means the Class A Units, Class U Units, Class C Units, Class D Units, Class E Units, Class F Units and Class H Units.

Convertible Units means any Partnership Interest, option, warrant, security or other right issued or to be issued by the Partnership (other than

Convertible Units means any Partnership Interest, option, warrant, security or other right issued or to be issued by the Partnership (other than (i) Class C Units to be issued to HK-VB and (ii) any Partnership Interest, option, warrant, security or other right entitling the recipient thereof to acquire Partnership Units for which such recipient pays the full fair market value thereof determined without any discount in respect of lack of marketability of constituting a minority interest or like matters) entitling any Person to obtain, whether by way of purchase, conversion, exercise or otherwise, or obligating the Partnership to issue, any Partnership Interest.