Subordination Period definition

Subordination Period means the period commencing on the Closing Date and ending on the first to occur of the following dates:

Subordination Period has the meaning assigned to such term in the MLP Agreement.

Subordination Period means the period commencing on the Closing Date and ending on the first to occur of:

Examples of Subordination Period in a sentence

• The General Partner may cause the Partnership to purchase or otherwise acquire Partnership Interests or Derivative Partnership Interests; provided that, except as permitted pursuant to Section 4.10, the General Partner may not cause any Group Member to purchase Subordinated Units during the Subordination Period.

• Unit Majority “means, during the Subordination Period, at least a majority of the Outstanding Common Units (excluding Common Units owned by the General Partners and their Affiliates), voting as a class, and at least a majority of the Outstanding Senior Subordinated Units and Junior Subordinated Units, voting together as a single class, and thereafter, at least a majority of the Outstanding Common Units.” Id. § 1.1.argued Plaintiffs’ motion for a preliminary injunction.

• Subordination Period During the subordination period, the common units will have the right to receive distributions of available cash from operating surplus in an amount equal to the initial quarterly distribution of $0.425 per quarter, plus any arrearages in the payment of the initial quarterly distribution on the common units from prior quarters, before any distributions of available cash from operating surplus may be made on the subordinated units.

• Expiration of the Subordination Period When the subordination period expires, each outstanding subordinated unit will convert into one common unit and will then participate pro rata with the other common units in distributions of available cash.

• Upon expiration of the Subordination Period, all remaining Subordinated Units will convert to Common Units.

More Definitions of Subordination Period

Subordination Period means the period beginning on the date of this Deed and ending on the date on which all the Secured Liabilities have been unconditionally and irrevocably paid or discharged or satisfied in full and all commitments of the Secured Parties have expired or been cancelled.

Subordination Period means the period beginning on the date of this Agreement and ending on the date on which the Security Trustee is satisfied that the Senior Liabilities have been irrevocably paid or discharged in full.

Subordination Period means the period commencing on the IPO Closing Date and ending on the first to occur of the following dates:

Subordination Period means the period beginning January 1, 2012 and ending on the last day of the fourth full calendar quarter following the Drilling Obligation Completion Date; provided, that XxxxXxxxx has delivered to the Trustee a certificate executed by the Chief Executive Officer, President or any Vice President of XxxxXxxxx certifying that XxxxXxxxx’x drilling obligation under the Development Agreement was satisfied as of the Drilling Obligation Completion Date.

Subordination Period means the period which commenced on the Initial Closing Date and ended on August 1, 1999.

Subordination Period means the period commencing on the Closing Date and ending on the first to occur of (a) the first Business Day following the distribution pursuant to Section 6.4(a) in respect of any Quarter beginning with the Quarter ending March 31, 2019, in respect of which (i) (A) aggregate distributions from Operating Surplus on the Outstanding Common Units and Subordinated Units and any other Outstanding Units that are senior or equal in right of distribution to the Subordinated Units (excluding the Preferred Units) with respect to the four-Quarter period immediately preceding such Business Day equaled or exceeded the sum of the Minimum Quarterly Distribution on all such Outstanding Common Units, Subordinated Units and other Outstanding Units during such four-quarter period and (B) the Adjusted Operating Surplus for such period equaled or exceeded the sum of the Minimum Quarterly Distribution on all of the Common Units, Subordinated Units and any other Units that are senior or equal in right of distribution to the Subordinated Units (excluding the Preferred Units) that were Outstanding during such period on a Fully Diluted Weighted Average Basis, and (ii) there are no Cumulative Common Unit Arrearages, and (b) at any time after March 31, 2019, the date on which the General Partner elects to cause the Subordinated Units to convert into Common Units in accordance with the provisions of Section 5.6.

Subordination Period means the period commencing on the Closing Date and ending the first day of any Quarter in respect of which (i) (A) distributions of Available Cash from Operating Surplus on each of the Outstanding Common Units and Subordinated Units and any other Outstanding Units that are senior or equal in right of distribution to the Subordinated Units with respect to each of the two consecutive non-overlapping four-Quarter periods immediately preceding such date equaled or exceeded the sum of the Minimum Quarterly Distribution on all Outstanding Common Units and Subordinated Units and any other Outstanding Units that are senior or equal in right of distribution to the Subordinated Units during such periods and (B) the Adjusted Operating Surplus generated during each of the two consecutive, non-overlapping four-Quarter periods immediately preceding such date equaled or exceeded the sum of the Minimum Quarterly Distribution on all of the Common Units and Subordinated Units and any other Units that are senior or equal in right of distribution to the Subordinated Units that were Outstanding during such periods on a Fully Diluted Basis during such periods and (ii) there are no Cumulative Common Unit Arrearages.