Examples of Merger Units in a sentence
If required, LTC 8569/x0 or LTC 8571/x0 series Code Merger Units models are available which provide an additional 32 or 64 outputs respectively when cascaded to the Signal Distribution unit.
EIF shall not have any rights, directly or indirectly, to acquire Enerplus Trust Units pursuant to the Merger Units, and concurrently with the redemption of the EIF Trust Units which occurs on the winding- up and termination of EIF, the Merger Units shall be deemed to be automatically converted into Enerplus Trust Units in accordance with the Exchange Ratio and distributed to the EIF Unitholders.
On October 1, 2019, certain Post-Merger Repay Merger Units held in escrow pending such post-Closing adjustments were released from escrow and distributed to the Reporting Person.
In addition, concurrently with the redemption of the EIF Units which occurs on the winding- up and termination of EIF, the Merger Units shall automatically convert into Enerplus Trust Units for delivery to EIF Unitholders on a proportionate basis in accordance with the Exchange Rate (defined below).
The Merger Units shall, while held by EIF, automatically convert into Enerplus Trust Units on the 65th day following their acquisition by EIF.