Common use of Company Conversion Option Clause in Contracts

Company Conversion Option. (i) In the event a conversion occurs as a result of a Company Conversion Option, whether the Company Conversion Option Date is prior to, on or after the Distribution Record Date for the current period, all unpaid distributions which are in arrears as of the Company Conversion Option Date shall be payable to the holder of the converted Series C Preferred Units.

Appears in 5 contracts

Samples: Lexington Realty Trust, Lepercq Corporate Income Fund L P, Lexington Corporate Properties Trust

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Company Conversion Option. (i) In the event a conversion occurs as a result of a Company Conversion Option, whether the Company Conversion Option Date is prior to, on or after the Distribution Record Date for the current period, all unpaid distributions which are in arrears as of the Company Conversion Option Date shall be payable to the holder of the converted Series C Preferred Units.. Annex A-7

Appears in 1 contract

Samples: Agreement and Plan of Merger (Lexington Realty Trust)

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