Penn West Trust definition

Penn West Trust means Penn West Energy Trust, which trust was reorganized into Penn West and terminated pursuant to the Corporate Conversion.
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Penn West Trust means Penn West Energy Trust, a trust established under the laws of the Province of Alberta and governed by the Penn West Trust Indenture.
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Examples of Penn West Trust in a sentence

  • Without limiting the generality of the foregoing, from and after the date hereof, the Debentures will be valid and binding obligations of Penn West Trust entitling the holders thereof, as against Penn West Trust, to all rights of Debentureholders under the Indenture.

  • Penn West Trust hereby covenants and agrees to assume and does assume all of the rights, covenants and obligations of Canetic Trust in and to the Indenture and all of the covenants and obligations of Canetic Trust under the Debentures as and from the date hereof.

  • As of the date hereof, the authorized capital of Penn West consists of an unlimited number of Penn West Units and an unlimited number of Special Voting Units (as defined in the Penn West Trust Indenture).

  • Copies of the constating documents of Penn West (including the Penn West Trust Indenture and the Penn West Administration Agreement) provided to CRI, together with all amendments to date, are accurate and complete as of the date hereof and have not been amended or superseded.

  • Prior to the Effective Time, Penn West Trust shall not permit AcquisitionCo to: (i) issue any additional securities or enter into any agreements to issue or grant options, warrants or rights to purchase any of its securities; or (ii) carry on any business, enter into any transaction or effect any corporate act whatsoever, other than as contemplated herein or as reasonably necessary to carry out the transactions contemplated by the Arrangement.

  • Penn West Trust hereby covenants and agrees to assume and does assume all of the rights, covenants and obligations of Vault Trust in and to the Indenture and all of the covenants and obligations of Vault Trust under the 8% Debentures as and from the date hereof.

  • Penn West Trust has caused AcquisitionCo to be incorporated under the ABCA.

  • In this Agreement references to the power and capacity of Penn West and Canetic, as the case may be, are deemed to be references to that of the Penn West Trustee and the Canetic Trustee, or their respective duly authorized delegates or agents, pursuant to the power and capacity of trustees generally under the Laws of the Province of Alberta, and pursuant to the powers of the trustees specified in the Penn West Trust Indenture and the Canetic Trust Indenture, respectively.

  • Penn West Trust, PWPL and AcquisitionCo may agree not to implement this Plan of Arrangement, notwithstanding the passing of the Arrangement Resolution and the receipt of the Final Order.

  • The Corporation hereby covenants and agrees to assume and does assume all of the rights, covenants and obligations of Penn West Trust in and to the Indenture and all of the covenants and obligations of Penn West Trust under the 7.20% Debentures as and from the date and time hereof.

Related to Penn West Trust

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • unit trust means any trust established for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property.

  • Supplemental Interest Trust Trustee ▇▇▇▇▇ Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Supplemental Interest Trust The corpus of a trust created pursuant to Section 5.07 of this Agreement and designated as the “Supplemental Interest Trust,” consisting of the Swap Agreement, the Swap Account, the Interest Rate Cap Agreement, the Interest Rate Cap Account, the right to receive the Class X Distributable Amount as provided in Section 5.02(f)(vi), the Class LT4-I interest in REMIC 4 and the right to receive Class I Shortfalls.