ULC Notes definition

ULC Notes means the unsecured, subordinated, interest bearing promissory notes issued by ULC pursuant to Section 3.1(k) of this Plan of Arrangement;
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ULC Notes is defined in the Plan of Arrangement.
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ULC Notes means the unsecured, subordinated, interest bearing promissory notes issued by ULC to Extendicare LP pursuant to the Plan of Arrangement;
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Examples of ULC Notes in a sentence

  • No IRS ruling has been requested as to whether the Carbon ULC Notes or Existing Securityholder Notes should be treated for U.S. federal income tax purposes as debt.

  • CORPORATE CAPITALIZATION ___________________________________ Note: Total existing debt excludes all ULC Notes due to Canada deconsolidation in December 2005.

  • Cash distributions to Unitholders are not guaranteed and, subject to required regulatory approvals, the Fund may in certain circumstances distribute to Unitholders additional Units in lieu of cash distributions on account of income, or securities of Carbon Canada, Carbon ULC Notes or other property in lieu of cash on a redemption of Units or on termination of the Fund.

  • The previous precept had no provision for any of these activities and did not cover basic costs incurred each year.

  • There is a risk that the Carbon ULC Notes and/or Existing Securityholder Notes could be treated for U.S. federal income tax purposes as equity rather than debt, in which case the otherwise deductible interest on the Carbon ULC Notes and/or Existing Securityholder Notes would be treated as non-deductible distributions.

  • The Fund Note Subscription Price shall be paid at the Closing Time by, or on behalf of, the Fund by delivery of a bank draft or a certified cheque payable to, or to the order of, Custom Direct ULC, or as may be otherwise directed by Custom Direct ULC in writing, against delivery by Custom Direct ULC of the $55,076,493.00 principal amount Custom Direct ULC Notes registered in the name of the Fund.

  • The percent of the interest owing on the Existing Securityholder Notes and the Carbon ULC Notes, respectively, that is paid in respect of a period will be equal.

  • With respect to the Carbon ULC Notes, to the extent such distributions are treated as dividends, they would be subject to U.S. federal withholding tax at a rate of 30% (subject to reduction under an applicable income tax treaty).

  • There is hereby authorized to be issued under the Original Indenture, as supplemented by the First Supplemental Indenture, the New Notes, the terms and conditions of which are the same in all respects as the Original Notes, except for the issue date and the issue price, and which will be consolidated to form a single series and be fully fungible with the Original Notes and designated as “4.346% Brookfield Property Finance ULC Notes due 2023”.

  • Also, in such case, the "portfolio interest" exemption may not be available and interest paid with respect to the Carbon ULC Notes may be subject to U.S. federal withholding tax at a rate of 30% (subject to reduction under an applicable income tax treaty).


More Definitions of ULC Notes

ULC Notes means the unsecured, subordinated, interest bearing promissory notes issued by ULC pursuant to Section 3.1(k) of the Plan of Arrangement;
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Related to ULC Notes

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • B Notes means each of Note B-1 and Note B-2.

  • 2028 Notes means those 6.500% Senior Notes due 2028 issued by the Borrower in an aggregate principal amount of $400,000,000 pursuant to the 2028 Notes Documents.

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • Class A-4 Notes means the Class A-4 3.44% Asset-Backed Notes, substantially in the form of Exhibit A-4 to the Indenture.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

  • Class C Notes has the meaning assigned to such term in the Indenture.

  • 2022 Notes means the Borrower’s 5.00% Convertible Senior Notes due 2022.

  • 2017 Notes means the aggregate principal amount of US$600,000,000 of 6.25% Guaranteed Senior Notes Due 2017 issued pursuant to the 2017 Note Indenture.

  • Class D Notes has the meaning assigned to such term in the Indenture.

  • Class E Notes has the meaning assigned to such term in the Indenture.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Public Notes means the Notes that have been registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction. As of the Closing Date, the Public Notes include the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes, other than any Notes held by the Depositor (or any other entity whose separate existence from the Trust is disregarded for federal income tax purposes).

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • Exchange Notes means the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

  • 2012 Notes means the 5.125% Senior Secured Notes due 2022 issued by the Issuer on July 2, 2012.

  • Class A-3 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-3 Notes, issued in accordance with the Indenture.

  • Notes shall have the meaning assigned to such term in the recitals.

  • Equipment Notes means, at any time, the Series A Equipment Notes and the Series B Equipment Notes, collectively, and in each case, any Equipment Notes issued in exchange therefor or replacement thereof pursuant to the terms of the Indentures.

  • 2013 Notes means the 4.375% Senior Secured Notes due 2023 and the 5.950% Senior Secured Notes due 2043 issued by the Issuer on March 18, 2013.

  • Indenture Notes means the Notes.