Exchangeable Units definition

Exchangeable Units has the meaning set out in Section 3.1;

Exchangeable Units means Units which may be redeemable for cash pursuant to Section 20.5 of the Partnership Agreement or exchangeable for Preferred Stock or redeemable for cash pursuant to Section 20.8 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 has the meaning set out in the recitals to this Agreement;

Examples of Exchangeable Units in a sentence

• Notwithstanding the foregoing, the Company shall have the right but not the obligation (in lieu of the Partnership) to have the Company acquire Exchangeable Units directly from an exchanging Partnership Unitholder in exchange for shares of Class A Common Stock or, at the option of the Company, the Cash Settlement.

• To the extent the Partnership issues Exchangeable Units in the future to a Person who is not a Partnership Unitholder, then the Partnership shall, as a condition to such issuance, require each holder of such Exchangeable Units to execute and deliver a joinder to this Agreement, substantially in the form of Exhibit B hereto, whereupon such holder shall become a Partnership Unitholder hereunder.

• This Agreement shall remain in effect (i) as to the Partnership and the Company, until the date on which no Class D Units remain outstanding and there exist no rights to acquire Exchangeable Units, and (ii) as to any Partnership Unitholder, until the date such Partnership Unitholder no longer holds or has any right to acquire Exchangeable Units.

More Definitions of Exchangeable Units

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.

Exchangeable Units means the 3,327,667 Class B LP Units the Partnership issued at the inception of the Company to an affiliate of BBP 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 means Units which may be redeemable for cash pursuant to Section 16.5 of the Partnership Agreement or exchangeable for Preferred Stock or redeemable for cash pursuant to Section 16.8 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 has the meaning set forth in the Preamble.

Exchangeable Units means exchangeable limited partnership units of the Partnership;

Exchangeable Units means, together, the Class A Units, Class B Units and Class C Units of Telesat Partnership.

Exchangeable Units means the Exchangeable Units of the Partnership having the attributes described in this AIF.