Penn West Units definition

Penn West Units means trust units of Penn West Trust; and
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Penn West Units means the trust units of Penn West;
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Examples of Penn West Units in a sentence

  • No fractional Penn West Units will be issued on any conversion but in lieu thereof, the Trust will satisfy such fractional interest by a cash payment equal to the market price of such fractional interest determined in accordance with the Indenture.

  • Units in the Indenture shall be changed to refer to Penn West Units.

  • Penn West has agreed to use its reasonable commercial efforts to effect the listing of the Penn West Units on either the New York Stock Exchange or the American Stock Exchange.The Arrangement will require the approval of at least two-thirds of the votes cast by each of the Penn West Unitholders and the Petrofund Unitholders, voting at the respective meetings of Penn West and Petrofund.

  • No order, ruling or determination having the effect of suspending the sale of, or ceasing the trading of, the Penn West Units or any other securities of Penn West has been issued by any regulatory authority and is continuing in effect and no proceedings for that purpose have been instituted, are pending or, to the knowledge of Penn West and PWPL, are contemplated or threatened under any Applicable Laws or by any other regulatory authority.

  • It is intended that the Transaction will be structured to allow Canetic Unitholders to receive Penn West Units on a tax-deferred basis for Canadian and United States income tax purposes.

  • No adjustment in the number of Penn West Units to be issued upon conversion will be made for distributions or dividends on Penn West Units issuable upon conversion or for interest accrued on Initial Debentures surrendered for conversion.

  • It is intended that the Transaction will be structured to allow Canetic unitholders to receive Penn West Units on a tax-deferred basis for Canadian and United States income tax purposes.

  • If a Debenture is surrendered for conversion on an Interest Payment Date or during the five preceding Business Days, the Person or Persons entitled to receive Penn West Units in respect of the Debenture so surrendered for conversion shall not become the holder or holders of record of such Penn West Units until the Business Day following such Interest Payment Date.

  • Penn West is a reporting issuer (where such concept exists) in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and New Brunswick and is in material compliance with all Applicable Canadian Securities Laws therein and the Penn West Units are listed and posted for trading on the TSX and Penn West is in material compliance with the rules of the TSX.

  • The Transaction shall be completed in a manner which results in a tax-deferred exchange of Canetic Units for Penn West Units for Canadian and United States income tax purposes.

Related to Penn West Units

  • Trust Units means the units of the Trust.

  • Common Units means common units representing limited partner interests in the Partnership.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • LLC Units has the meaning set forth in the LLC Agreement.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Company Units has the meaning set forth in the Recitals.

  • BRS means Behavior Rehabilitation Services.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • GP means Gottbetter & Partners, LLP.

  • Trust Unit means units in the capital of the Trust;

  • GP LLC means Plains All American GP LLC, a Delaware limited liability company.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Generating Company means any company or body corporate or association or body of individuals, whether incorporated or not, or artificial juridical person, which owns or operates or maintains a generating station;

  • Atlas means Automated Transportation Logistics Activity System. ATLAS is a computerized information system to which all Shippers have access upon request. ATLAS enables Shippers to nominate and release product and to monitor and coordinate the movement of Petroleum Products while on Carrier's system.

  • MLP has the meaning given such term in the introduction to this Agreement.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • LP means the aggregate quantity of Lost Production during such Month (expressed in MWh) and

  • Distribution Company means a distribution company as defined in Section 1 of Chapter 164 of the Massachusetts General Laws.3

  • Carlyle means Carlyle Investment Management, LLC.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Partnership Securities means any additional Units, options, rights, warrants or appreciation rights relating thereto, or any other type of equity security that the Partnership may lawfully issue, any unsecured or secured debt obligations of the Partnership or debt obligations of the Partnership convertible into any class or series of equity securities of the Partnership.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Constellation has the meaning assigned to that term in the Recitals.