Entitlement date for reclassification of subordinate units requires defined benchmarks, minimum period, and restricted extensions with unitholder approval. The entitlement date, entitlement event and the performance benchmark for reclassification of subordinate units to ordinary units must be specified in the Term Sheet; the benchmark must be quantifiable, objective and based on audited financial statements. A minimum holding period of three year applies before entitlement. Extensions are allowed only if contemplated and disclosed in the Term Sheet, limited to one year at a time and no more than two times, available only for unforeseen circumstances such as force majeure or change in law, with explanatory disclosure of impacts and requiring unitholder approval.