Series C Preferred Units definition

Series C Preferred Units shall have the meaning provided in Section 1.
Series C Preferred Units has the meaning assigned to such term in Section 5.14(a).
Series C Preferred Units shall have the meaning set forth in Section 21.1 hereof.

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.


More Definitions of Series C Preferred Units

Series C Preferred Units means the Series C Cumulative Redeemable Preferred Partnership Units.
Series C Preferred Units means the Partnership's 8 3/4% Series C Cumulative Redeemable Partnership Units.
Series C Preferred Units means the Partnership’s 4.375% Series C Cumulative Convertible Partnership Units, with the rights, priorities and preferences set forth herein.
Series C Preferred Units shall have the meaning set forth in preamble hereof.
Series C Preferred Units shall have the meaning set forth in Section 4.3.
Series C Preferred Units means the Partnership's 8 3/4% Series C Cumulative Redeemable Partnership Units, which were repurchased and redeemed by the Partnership on December 5, 2001.
Series C Preferred Units shall have the meaning set forth in the recitals.