Exchange LP Units definition

Exchange LP Units means the exchangeable limited partnership units of Exchange LP;
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Exchange LP Units means the exchangeable limited partnership units of Exchange LP; “Exchange Ratio” means 0.3979, subject to adjustment in accordance with Section 3.7(a);
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Exchange LP Units means the exchangeable units of Brookfield Infrastructure Partners Exchange LP (“Exchange LP”), a subsidiary of the partnership, which were issued in connection with the partnership’s acquisition of an effective 30% interest in Enercare Inc. (“Enercare”), and which provide holders with economic terms that are substantially equivalent to the units and are exchangeable, on a one-for-one basis, for units;
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Examples of Exchange LP Units in a sentence

  • For the avoidance of doubt, this Section 2.1(i) is not itself intended to place any restriction on the ability of any LP Unitholder to Exchange LP Units pursuant to this Agreement.

  • Notwithstanding anything to the contrary herein, a Holdings Common Unitholder may Exchange LP Units only to the extent such Holdings Common Unitholder’s Revaluation Capital Account at the time of the exchange represents at least the same percentage of the aggregate Revaluation Capital Account balances of all partners of Holdings as the Percentage Interest represented by such Common Units to be Exchanged.

  • On such date, the cash, BAM Shares, BAM Exchange LP Units or New Preferred Units, as applicable, to which the former registered holder of the certificate referred to in the preceding sentence was ultimately entitled shall be deemed to have been surrendered to the Applicable Acquiror, together with all entitlements to distributions and interest thereon held for such former registered holder.

  • Subject to applicable law and the below call rights, Sidecar Exchange LP will have the right, commencing on the 2nd anniversary of closing, to redeem all of the then outstanding Exchange LP Units for a redemption amount equal to the value of one BAM Share for each outstanding Exchange LP Unit plus the dividend amount, if any.

  • The Exchange LP Units will not be listed on a stock exchange or other public market.

  • The redemption amount is satisfied by delivering to the holder of Exchange LP Units one BAM Share for each Exchange LP Unit redeemed plus the dividend amount, if any.

  • Distributions on the Exchange LP Units will be made at the same time and in the same amount as dividends on the BAM Shares.

  • This liquidation amount will be paid to the holders of Exchange LP Units before any distribution of assets of Sidecar Exchange LP is made to other holders of Sidecar Exchange LP.

  • Subject to applicable law and to Section 5.5 hereof, at the time of such compliance, a Former Shareholder entitled to receive BPY Units or Exchange LP Units shall receive, in addition to the delivery of a certificate representing the BPY Units or Exchange LP Units, a cheque for the amount of the distribution with a record date after the Initial Effective Time, without interest, theretofore paid with respect to such BPY Units or Exchange LP Units, as applicable.

  • Sidecar Exchange LP will be exempt from reporting issuer obligations provided that it provides all disclosure materials distributed to holders of BAM Shares to holders of Exchange LP Units.


More Definitions of Exchange LP Units

Exchange LP Units means the exchangeable units of Brookfield Infrastructure Partners Exchange LP;
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