Common use of Designations Clause in Contracts

Designations. A series of Preferred Units designated as “8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units” is hereby designated and created, and the preferences, rights, powers and duties of the holders of the Series A Preferred Units are set forth herein, including this Article XVI. Each Series A Preferred Unit shall be identical in all respects to every other Series A Preferred Unit, except as to the respective dates from which the Series A Liquidation Preference shall increase or from which Series A Distributions may begin accruing, to the extent such dates may differ. The Series A Preferred Units represent perpetual equity interests in the Partnership and, except as set forth in Sections 16.5 and 16.11, shall not give rise to a claim by the Partnership or a Series A Holder for redemption or the conversion thereof, as applicable, at a particular date.

Appears in 7 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (NuStar Energy L.P.), NuStar Energy L.P.

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Designations. A series of Preferred Units designated as “8.507.625% Series A B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units” is hereby designated and created, and the preferences, rights, powers and duties of the holders of the Series A B Preferred Units are set forth herein, including this Article XVIXVII. Each Series A B Preferred Unit shall be identical in all respects to every other Series A B Preferred Unit, except as to the respective dates from which the Series A B Liquidation Preference shall increase or from which Series A B Distributions may begin accruing, to the extent such dates may differ. The Series A B Preferred Units represent perpetual equity interests in the Partnership and, except as set forth in Sections 16.5 17.5 and 16.1117.11, shall not give rise to a claim by the Partnership or a Series A B Holder for redemption or the conversion thereof, as applicable, at a particular date.

Appears in 6 contracts

Samples: Agreement and Plan of Merger (NuStar Energy L.P.), Agreement and Plan of Merger, NuStar Energy L.P.

Designations. A series of Preferred Units designated as “8.509.00% Series A C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units” is hereby designated and created, and the preferences, rights, powers and duties of the holders of the Series A C Preferred Units are set forth herein, including this Article XVIXVIII. Each Series A C Preferred Unit shall be identical in all respects to every other Series A C Preferred Unit, except as to the respective dates from which the Series A C Liquidation Preference shall increase or from which Series A C Distributions may begin accruing, to the extent such dates may differ. The Series A C Preferred Units represent perpetual equity interests in the Partnership and, except as set forth in Sections 16.5 18.5 and 16.1118.11, shall not give rise to a claim by the Partnership or a Series A C Holder for redemption or the conversion thereof, as applicable, at a particular date.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (NuStar Energy L.P.), Agreement and Plan of Merger, NuStar Energy L.P.

Designations. A series of Preferred Units designated as “8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units” is hereby designated and created, and the preferences, rights, powers and duties of the holders of the Series A Preferred Units are set forth herein, including this Article XVISection 5.15. Each Series A Preferred Unit shall be identical in all respects to every other Series A Preferred Unit, except as to the respective dates from which the Series A Liquidation Preference (or Series A Early Liquidation Preference) shall increase or from which Series A Distributions may begin accruing, to the extent such dates may differ. The Series A Preferred Units represent perpetual equity interests in the Partnership and, except as set forth in Sections 16.5 and 16.11Section 5.15(c), shall not give rise to a claim by the Partnership or a the holders of Series A Holder Preferred Units for redemption or the conversion thereof, as applicable, at a particular date.

Appears in 3 contracts

Samples: Series a Preferred Unit Purchase Agreement (Sunoco LP), Partnership Agreement (Sunoco LP), Series a Preferred Unit Purchase Agreement (Energy Transfer Equity, L.P.)

Designations. A series of Preferred Units designated as “8.508.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units” is hereby designated and created, and the preferences, rights, powers and duties of the holders of the Series A Preferred Units are set forth herein, including this Article XVI. Each Series A Preferred Unit shall be identical in all respects to every other Series A Preferred Unit, except as to the respective dates from which the Series A Liquidation Preference shall increase or from which Series A Distributions may begin accruing, to the extent such dates may differ. The Series A Preferred Units represent perpetual equity interests in the Partnership and, except as set forth in Sections 16.5 and 16.11, shall not give rise to a claim by the Partnership or a Series A Holder for redemption or the conversion thereof, as applicable, at a particular date.

Appears in 2 contracts

Samples: www.lw.com, Landmark Infrastructure Partners LP

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Designations. A series of Preferred Units designated as “8.507.90% Series A Fixed-to-Floating Rate B Cumulative Redeemable Perpetual Preferred Units” is hereby designated and created, and the preferences, rights, powers and duties of the holders of the Series A B Preferred Units are set forth herein, including this Article XVIXVII. Each Series A B Preferred Unit shall be identical in all respects to every other Series A B Preferred Unit, except as to the respective dates from which the Series A B Liquidation Preference shall increase or from which Series A B Distributions may begin accruing, to the extent such dates may differ. The Series A B Preferred Units represent perpetual equity interests in the Partnership and, except as set forth in Sections 16.5 17.5 and 16.1117.11, shall not give rise to a claim by the Partnership or a Series A B Holder for redemption or the conversion thereof, as applicable, at a particular date.

Appears in 2 contracts

Samples: Landmark Infrastructure Partners LP, Landmark Infrastructure Partners LP

Designations. A series of Preferred Units designated as “8.50% Series A FixedC Floating-to-Floating Fixed Rate Cumulative Perpetual Redeemable Perpetual Convertible Preferred Units” is hereby designated and created, and the preferences, rights, powers and duties of the holders of the Series A C Preferred Units are set forth herein, including this Article XVIXVIII. Each Series A C Preferred Unit shall be identical in all respects to every other Series A C Preferred Unit, except as to the respective dates from which the Series A C Liquidation Preference shall increase or from which Series A C Distributions may begin accruing, to the extent such dates may differ. The Series A C Preferred Units represent perpetual equity interests in the Partnership and, except as set forth in Sections 16.5 18.5, 18.11, 18.12 and 16.1118.13, shall not give rise to a claim by the Partnership or a Series A C Holder for redemption or the conversion thereof, as applicable, at a particular date.

Appears in 1 contract

Samples: Landmark Infrastructure Partners LP

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