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 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 issuance of the Debentures forming part of the Convertible Units has had the effect of increasing Chorus’ overall leverage until they mature or are redeemed by Chorus in connection with an exercise of the Warrants, or as otherwise set out in the indentures governing the Debentures and Warrants.

• 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.

• Each reference in this Agreement to a vote of holders of Common Units shall be deemed to include the Series A Convertible Units on an As-Converted Basis.

• The Series A Convertible Units will have such voting rights under this Agreement as such Series A Convertible Units would have on an As-Converted Basis, except that the Series A Convertible Units shall be entitled to vote as a separate class on any matter that adversely affects the rights or preferences of the Series A Convertible Units in relation to other classes of Partnership Interests or as required by law.

More Definitions of Convertible Units

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

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