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;

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 has the meaning set forth in the recitals.

Examples of Convertible Units in a sentence

• The proceeds from the new credit facilities were used to: (i) repurchase all of the outstanding common shares, not previously held by ONCAP and management shareholders; (ii) repay the outstanding Class B Debentures plus accrued interest; and (iii) pay all accrued interest and dividends associated with the Convertible Units and Series 2 Preferred Shares.

• This agreement sets out the terms and conditions on which Fairfax agreed to subscribe for Convertible Units, including the representations, warranties and covenants provided by Chorus Aviation Inc.

• The liquidation had been completed and $820 thousand worth of asset was recovered in April 2018; thus, the related income and expenses were excluded from the consolidated statements of comprehensive income.The subsidiary’s gains or losses using the equity method, and other comprehensive income in 2019 and 2018, are recognized based on subsidiary financial statements of the same period that were audited by the CPA.XI.

• Mr. Warren disclaims beneficial ownership of the reported Convertible Units except to the extent of his pecuniary interest therein.

• The fair value was calculated by valuing Warrants held within Convertible Units and discounting the future cash flow of the respective debt at the estimated yield to maturity of similar debt instruments.

More Definitions of Convertible 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 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.

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 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 (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.

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