Exchangeable LP Unit definition
Examples of Exchangeable LP Unit in a sentence
Each Special Voting Unit will entitle the holder to that number of votes at any meeting of Voting Unitholders that is equal to the number of Units that may be obtained upon the exchange of the Exchangeable LP Unit to which it is attached.
Upon the exchange or conversion of an Exchangeable LP Unit for Units, the related Special Voting Unit will immediately be cancelled without any further action of the Trustees, and the former holder of such Special Voting Unit will cease to have any further rights.
Equities, the holder of the Class B and Class C Limited Partnership Units (collectively, the “Exchangeable LP Units”) of Pollard LP and the associated Special Voting Units, received, in exchange for each group of one Exchangeable LP Unit (together with the accompanying Special Voting Units) one common share of Pollard.
In the event that any exchange ratio referred to herein would in any case result in a former holder of Extendicare Shares being entitled to a fractional REIT Unit or Exchangeable LP Unit, such REIT Units or Exchangeable LP Units shall be rounded to the nearest whole number, provided that each beneficial former holder of Extendicare Shares, shall be entitled to the benefit of only one adjustment in respect of each of such holder’s REIT Units or Exchangeable LP Units.
Equities, the holder of the Class B and Class C limited partnership units (collectively, the “Exchangeable LP Units”) of Pollard LP and the associated Special Voting Units, received, in exchange for each group of one Exchangeable LP Unit (together with the accompanying Special Voting Units) one common share of Pollard.
Subject to the requirements of applicable Law with respect to unclaimed property, no holder of an Exchangeable LP Unit will be entitled to recover by action or other legal process against the Partnership any distribution that is represented by a cheque that has not been duly presented to the Partnership’s bankers for payment or that otherwise remains unclaimed for a period of five years from the date on which such distribution was first payable.
In the event of the exercise of the Liquidation Call Right by the Trust, each holder shall be obligated to sell all the Exchangeable LP Units held by such holder of the Liquidation Amount for each such Exchangeable LP Unit, whereupon the Partnership shall have no obligation to pay any Liquidation Amount to the holders of such Exchangeable LP Units so purchased by the Trust.
Distributions totaling $0.250 were declared per Fund Unit and the Exchangeable LP Unit respectively by the Fund for the three-month period ended March 31, 2007.
Distributions totalling $0.250 and $0.390 were declared per Fund Unit and the Exchangeable LP Unit respectively by the Fund for the period ended December 31, 2006.
Moreover, we have reviewed the main datasets available in the literature, asso- ciating them to the analysed saliency levels according to the provided ground truths.