Exchangeable LP Units definition

Exchangeable LP Units means the Class B limited partnership units of the Partnership.

Exchangeable LP Units means exchangeable common limited partnership units in the capital of the Partnership

Exchangeable LP Units means the Class B limited partnership units of the Partnership, if any, which: (i) entitle the holder thereof to receive distributions of distributable cash of the Partnership which are the economic equivalent (to the extent possible) to the distributions on Units; and (ii) are exchangeable at the option of the holder into Units on a one-for-one basis (subject to anti-dilution adjustments);

Examples of Exchangeable LP Units in a sentence

• In addition to limited partnership units, our partnership’s capital structure includes BIPC exchangeable shares, BIPC Exchangeable LP Units, general partner and Redeemable Partnership Units, as well as Exchange LP Units.

• This Agreement will come into force and be effective as of the Effective Date and will terminate and be of no further force and effect at such time as no Exchangeable LP Units (or securities or rights convertible into or exchangeable for or carrying rights to acquire Exchangeable LP Units) are held by Non-Affiliated Holders.

• Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto will, without the approval of the holders of the Exchangeable LP Units, negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the fullest extent possible.

• For certain Shareholders, receiving Exchangeable LP Units may, based on their particular circumstances, provide for certain tax efficiencies.

• In the event that the aggregate Elected Number of all Electing Shareholders is greater than the Maximum Number of Exchangeable LP Units, the Exchangeable LP Units will be allocated on a pro rata basis to each Electing Shareholder in accordance with the following formula: the Maximum Number of Exchangeable LP Units divided by the aggregate Elected Number of all Electing Shareholders multiplied by the Elected Number of the particular Electing Shareholder.

More Definitions of Exchangeable LP Units

Exchangeable LP Units means the Class B limited partnership units of Extendicare Holding Partnership;

Exchangeable LP Units means Class B LP Units, Class C LP Units and Class D LP Units.

Exchangeable LP Units the limited partnership units of the Precision Drilling Limited Partnership that are exchangeable into Trust Units pursuant to any voting and exchange trust agreement or similar agreement.

Exchangeable LP Units means the exchangeable limited partnership units in the Partnership, having the rights, privileges, restrictions and conditions set forth in these Unit Provisions.

Exchangeable LP Units means the exchangeable LP units of Colabor;

Exchangeable LP Units means the Class B limited partner units of CI Public Partnership;

Exchangeable LP Units means the Class B limited partnership units of PDLP, which are exchangeable into Trust Units on a one-for-one basis after 180 days from the Effective Date (or prior thereto with the consent of the board of directors of the General Partner) pursuant to the Voting and Exchange Trust Agreement;