Examples of LP Unitholders in a sentence
Brookfield Renewable’s consolidated equity interests include the non-voting LP Units held by public LP Unitholders and Brookfield, Redeemable/Exchangeable limited partnership units in BRELP, a holding subsidiary of Brookfield Renewable, held by Brookfield, and GP interest in BRELP held by Brookfield.
Such notice shall include a statement by APAM as to whether it intends to require all LP Unitholders to Exchange all LP Units for shares of Stock in connection with the Change in Control.
APAM shall use its reasonable best efforts to provide written notice of an expected Change in Control to all LP Unitholders not less than 30 days prior to the expected date of the Change in Control.
Brookfield Renewable’s accounts payable and accrued liabilities are as follows: Jun 30 Dec 31 (MILLIONS) 2015 2014 Operating accrued liabilities $ 145 $ 131 Interest payable on corporate and subsidiary borrowings 45 44 Accounts payable 37 29 LP Unitholders’ distribution and preferred dividends payable(1) 19 19 Other 36 30 $ 282 $ 253 (1) Includes amounts payable only to external LP Unitholders.
In the case of an Exchange in connection with a Share Repurchase, not less than 20 days prior to the date on which APAM anticipates commencing the Share Repurchase (or, if later, promptly after APAM discovers that the Share Repurchase will occur) a written notice shall be sent by or on behalf of APAM to the LP Unitholders as they appear in the records of APAM or given by electronic communication in compliance with the provisions of the General Corporation Law of the State of Delaware.
The composition of the distribution for the three and six months ended June 30 is presented in the following table: Three months ended Jun 30 Six months ended Jun 30 (MILLIONS) 2015 2014 2015 2014 Brookfield $ 17 $ 16 $ 34 $ 31 External LP Unitholders 43 37 87 73 $ 60 $ 53 $ 121 $ 104 In February 2015, unitholder distributions were increased to $1.66 per unit on an annualized basis, an increase of eleven cents per unit, which took effect with the distribution payable in March 2015.
The Corporation acknowledges that the LP Unitholders are not acting in concert or as a group, and the Corporation will not assert any such claim with respect to such obligations or the transactions contemplated hereby.
Nothing contained herein, and no action taken by any LP Unitholder pursuant hereto, shall be deemed to constitute the LP Unitholders as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the LP Unitholders are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated hereby.
The provisions of this Agreement may be amended only by the affirmative vote or written consent of each of (i) the Corporation, (ii) Summit Holdings, (iii) LP Unitholders holding a majority of the then outstanding LP Units (excluding LP Units held by the Corporation) and (iv) for so long as the Financial Sponsor Holders collectively own, in the aggregate, at least 5% of the outstanding LP Units, each of the Financial Sponsor Holders.
NATURE, SOURCE AND AMOUNT OF CONSIDERATION (a) Consideration Upon the consummation of the transactions contemplated by the Merger Agreement, the LP Unitholders will be entitled to receive the Merger Consideration in an amount equal to (i)$2,250,000,000, minus (ii) any Leakage, and minus (ii) the amount of any Pre-Closing Dividend paid by TL to its parent, Talcott Resolution Life, prior to the Effective Time.