Exchange Right definition

Exchange Right has the meaning set forth in Section 2.1 hereof.

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Exchange Right has the meaning ascribed thereto in Section 5.1;

Exchange Right means the exchange right of a Limited Partner described in Section 8.6 and to be set forth in one or more Exchange Rights Agreements.

Examples of Exchange Right in a sentence

If any fractional interest in a ParentCo Share would be deliverable upon the exercise of the Exchange Right or the Automatic Exchange Right, as applicable, the number of ParentCo Shares issuable shall be rounded down to the nearest whole number without payment in respect of such fractional share.
In any such event, the Corporation will immediately notify the Holder of the prohibition against the Corporation redeeming all of the Retracted Shares, and will immediately notify ParentCo of the exercise of the Exchange Right (which notice will constitute the notice of exercise of the Exchange Right for purposes of Section 2.2).
Each Holder will pay any documentary, stamp, transfer or other similar taxes that may be payable in respect of any Transfer involved in the issuance or delivery of ParentCo Shares pursuant to the exercise of the Exchange Right or the Automatic Exchange Right.
If a Holder requires that the Corporation redeem the Holder’s Retracted Shares and is notified by the Corporation that the Corporation is not permitted, as a result of solvency requirements or other provisions of applicable Law, to redeem all Retracted Shares, then, if the Retraction Call Right has not been exercised with respect to the Retracted Shares, the Retraction Request will constitute the exercise of the Exchange Right with respect to those Retracted Shares that the Corporation is unable to redeem.

Exchange Right has the meaning provided in Section 8.5(a) hereof.

Exchange Right has the meaning provided in Section 8.05(a) hereof.

Exchange Right has the meaning assigned to such term in Section 6.1.3;

Exchange Right has the meaning set forth in the Exchange Rights Agreements.

Exchange Right shall have the meaning set forth in the recitals.

Exchange Right has the meaning ascribed thereto in Section 5.1.

Exchange Right has the meaning set out in Section 2.1 of this Schedule A;