Exchangeable Units definition

Exchangeable Units has the meaning set out in Section 3.1;

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Exchangeable Units means Units which may be redeemable for cash or exchangeable for Common Stock pursuant to Section 23.4 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 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 Company may set a maximum aggregate number or dollar value of Exchangeable Units that may be exchanged by the Exchanging Holders on a Quarterly Exchange Date (the “Maximum Exchangeable Amount”) and shall include the applicable Maximum Exchangeable Amount in the applicable Quarterly Exchange Date Notice.
All holders of Exchangeable Units shall comply with all applicable securities laws and rules.
If the Manager acquires Exchangeable Units as described in the preceding sentence, those Exchangeable Units shall be automatically recapitalized into the same number of Class A Units as the Exchangeable Units.
This Policy shall not apply to any Exchange of Exchangeable Units pursuant to a Mandatory Exchange, as described in, and pursuant to, the Agreement.

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, 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 means the exchangeable units in the capital of the Partnership;

Exchangeable Units has the meaning set out in the recitals;

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

Exchangeable Units has the meaning set forth in the Preamble.