Exchangeable Units definition

Exchangeable Units has the meaning set out in Section 3.1;

Exchangeable Units means Units which may be redeemable for cash or exchangeable for Common Stock pursuant to Section 7.4 of the Partnership Agreement.

Exchangeable Units means the Class B LP Units which are exchangeable for Units at the option of the holder in accordance with the terms of the Limited Partnership Agreement and the Exchange Agreement.

Examples of Exchangeable Units in a sentence

• A Mandatory Exchange Notice will specify the basis for the Mandatory Exchange, the Exchangeable Units of the Company to which the Mandatory Exchange applies, the Exchange Consideration and the effective date of such Mandatory Exchange (the “Mandatory Exchange Date”), which shall be no earlier than ten (10) Business Days after delivery of the Mandatory Exchange Notice.

• The distributions on the Exchangeable Units are recorded in financing costs.

• Special Trust Units were issued in conjunction with the CSLP Exchangeable Units and cannot be transferred separately from them.

• Prior to such exchange, distributions will be made on these Exchangeable Units in an amount equivalent to the distributions that would have been made had the Units been exchanged for Killam Trust Units.

• Special Trust Units entitle the holders thereof to the number of votes at any meeting of unitholders of the Fund equal to the number of units which may be obtained upon exchange of the CSLP Exchangeable Units to which they relate and do not otherwise entitle the holder to any rights with respect to the Fund’s property or income.

More Definitions of Exchangeable Units

Exchangeable Units means the 3,327,667 Class B LP Units the Partnership issued at the inception of the Company to an affiliate of Brookfield in partial consideration for the Partnership’s acquisition of the assets of the Partnership from that affiliate. The Class B LP Units, except as otherwise noted, have economic and voting rights equivalent in all material respects to the Class A LP Units which are owned by Bridgemarq. The Class B LP Units are indirectly exchangeable, on a one-for-one basis, subject to adjustment, for Restricted Voting Shares.

Exchangeable Units has the meaning set out in the recitals to this Agreement;

Exchangeable Units means Units which may be redeemable for cash pursuant to Section 18.5 of the Partnership Agreement or exchangeable for Preferred Stock or redeemable for cash pursuant to Section 18.8 of the Partnership Agreement (without regard to any limitations on the exercise of such exchange right as a result of the Ownership Limit Provisions, as defined below).

Exchangeable Units means, at any time, any Class B limited partnership units issued by PRO REIT LP which are accompanied by special voting units of the REIT.

Exchangeable Units has the meaning set out in the recitals;

Exchangeable Units means the exchangeable units in the capital of the Partnership;

Exchangeable Units has the meaning set forth in the Preamble.