Examples of Unitholder Rights Agreement in a sentence
Capitalized terms shall have the meaning ascribed thereto in the Unitholder Rights Agreement.
Under certain circumstances set out in the Unitholder Rights Agreement, the rights may expire, may be amended or redeemed, may become null and void or may be evidenced by separate certificates and no longer evidenced by this certificate.
In the event the certification set forth above in the Form of Assignment is not completed, the Partnership will deem the Beneficial Owner of the Rights evidenced by this Rights Certificate to be an Acquiring Person (as defined in the Unitholder Rights Agreement) and, accordingly, such Rights shall be null and void and not transferable or exercisable.
In the event the certification set forth above in the Form of Election to Exercise is not completed upon exercise of the Right(s) evidenced hereby, the Partnership will deem the Beneficial Owner of the Right(s) evidenced by this Rights Certificate to be an Acquiring Person (as defined in the Unitholder Rights Agreement) and, accordingly, such Rights shall be null and void and not transferable or exercisable.
The Partnership will mail or arrange for the mailing of a copy of the Unitholder Rights Agreement to the holder of this certificate without charge as soon as practicable, after the receipt of a written request therefor.” Any certificates representing Units that are issued and outstanding at the Record Time shall evidence one Right for each Unit represented thereby, notwithstanding the absence of the foregoing legend, until the close of business on the earlier of the Separation Time and the Expiration Time.
No fractional Units will be issued upon the exercise of any Rights evidenced hereby, but in lieu thereof a cash payment will be made, as provided in the Unitholder Rights Agreement.
The Exercise Price shall be an amount expressed in Canadian dollars equal to five times the Market Price (as such term is defined in the Unitholder Rights Agreement) per Unit at the Separation Time, subject to adjustment in certain events as provided in the Unitholder Rights Agreement.
This Rights Certificate is subject to all of the terms and provisions of the Unitholder Rights Agreement, which terms and provisions are incorporated herein by reference and made a part hereof and to which Unitholder Rights Agreement reference is hereby made for a full description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Rights Agent, the Partnership and the holders of the Rights Certificates.
Copies of the Unitholder Rights Agreement are on file at the registered office of the Partnership.
Subject to the provisions of the Unitholder Rights Agreement, the Rights evidenced by this Rights Certificate may be, and under certain circumstances are required to be, redeemed by the Partnership at a redemption price set out in the Unitholder Rights Agreement.