Examples of ECT Class B Units in a sentence
The General Partner shall ensure that the total funding requirement specified in any Allotment Notice issued pursuant to Section 3.4 of the Fund Trust Indenture or the ECT Trust Indenture, as applicable, takes into account any subscription for Fund Units, ECT Preferred Units, ECT Class B Units and Class C Units by the Enbridge Class C Unitholders in order to maintain the foregoing proportions.
Pursuant to the Fund Trust Indenture, the Company and Enbridge each have a pre-emptive right to acquire any Fund Units proposed to be issued by the Fund in proportion to their respective economic interest in the Fund, inclusive in the case of Enbridge, of the Fund Units, ECT Preferred Units, ECT Class B Units and EIPLP Class C Units owned by Enbridge and its Affiliates.
Exchange Right Support Agreement made as of September 1, 2015 among EIFH, the Fund, ECT, EIPLP, EIPGP, Enbridge, IPL System and the Manager pursuant to which Enbridge and IPL System may effect a direct or indirect exchange Exchangeable Securities into EIFH Shares, Fund Units, ECT Preferred Units or ECT Class B Units, subject to ownership thresholds.
ECT hereby represents, warrants and covenants in favour of the holders of Exchangeable Securities, EIFH and the Fund that ECT has reserved for issuance and will, at all times while this Agreement is outstanding, keep available, free from any pre-emptive and other rights granted by ECT, such number of ECT Common Units, ECT Preferred Units or ECT Class B Units, as applicable, as are issuable under the applicable Exchange Right.
Exchange Right Support Agreement made as of September 1, 2015 among EIFH, the Fund, ECT, EIPLP, EIPGP, Enbridge, IPL System and the Manager pursuant to which Enbridge and IPL System may effect a direct or indirect exchange Exchangeable Securities into EIFH Shares, Fund Units, ECT Preferred Units or ECT Class B Units, subject to ownership thresholds.The foregoing agreements are available on SEDAR at www.sedar.com.
Pursuant to the rights contained on the Fund Trust Indenture, the Company and Enbridge each have a pre-emptive right to acquire any Fund Units proposed to be issued by the Fund in proportion to their respective economic interest in the Fund, inclusive in the case of Enbridge, of the Fund Units, ECT Preferred Units, ECT Class B Units and EIPLP Class C Units owned by Enbridge and its Affiliates.
The number of Common Shares as well as the number of ECT Preferred Units and ECT Class B Units that can be held by Enbridge and its affiliates is subject to ownership thresholds.