Examples of Series C Preferred Units in a sentence
Series C Preferred Units are perpetual preferred units that are not convertible into other equity interests, and therefore, are not factored into the ENLK ownership calculations for the limited partner and general partner ownership percentages presented.
Series C Preferred Units that are purchased or otherwise acquired by the Partnership shall be cancelled.
On and after December 15, 2022, distributions on the Series C Preferred Units will accumulate for each distribution period at a percentage of the $1,000 liquidation preference per unit equal to an annual floating rate of the three-month LIBOR plus a spread of 4.11%.
The Series C Preferred Units shall not have the benefit of any sinking fund.
Cash distributions to be paid to holders of the Series B Preferred Units and Series C Preferred Units are not available to common unitholders.