Common use of Distributions Cumulative Clause in Contracts

Distributions Cumulative. Distributions on the Series A-1 Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 Preferred Units will accumulate as of the Series A-1 Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 Preferred Unit Distribution Payment Date to holders of record of the Series A-1 Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 3 contracts

Samples: Agreement (Sun Communities Inc), Sun Communities Inc, Sun Communities Inc

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Distributions Cumulative. Distributions on the Series A-1 G Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness indebtedness, at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 G Preferred Units will accumulate as of the Series A-1 Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 Preferred Unit Distribution Payment Date to holders of record of the Series A-1 G Preferred Units on the record date fixed by the Partnership acting through the General Partner Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 3 contracts

Samples: Agreement (Cabot Industrial Properties Lp), Agreement (Cabot Industrial Properties Lp), Cabot Industrial Trust

Distributions Cumulative. Distributions on the Series A-1 W Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness indebtedness, at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 W Preferred Units will accumulate as of the Series A-1 W Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 W Preferred Unit Distribution Payment Date Date, to holders of record of the Series A-1 W Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series A-1 U Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness indebtedness, at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 U Preferred Units will accumulate as of the Series A-1 U Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 U Preferred Unit Distribution Payment Date Date, to holders of record of the Series A-1 U Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series A-1 D Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 D Preferred Units will accumulate as of the Series A-1 Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 Preferred Unit Distribution Payment Date to holders of record of the Series A-1 D Preferred Units on the record date fixed by the Partnership acting through the General Partner Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Liberty Property Limited Partnership

Distributions Cumulative. Distributions on the Series A-1 A Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 A Preferred Units will accumulate as of the Series A-1 A Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 A Preferred Unit Distribution Payment Date to holders of record of the Series A-1 A Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Ps Business Parks Inc/Ca

Distributions Cumulative. Distributions on the Series A-1 K Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness indebtedness, at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 K Preferred Units will accumulate as of the Series A-1 K Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 K Preferred Unit Distribution Payment Date Date, to holders of record of the Series A-1 K Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series A-1 R Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness indebtedness, at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 R Preferred Units will accumulate as of the Series A-1 R Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 R Preferred Unit Distribution Payment Date Date, to holders of record of the Series A-1 R Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series A-1 M Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness indebtedness, at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 M Preferred Units will accumulate as of the Series A-1 M Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 M Preferred Unit Distribution Payment Date Date, to holders of record of the Series A-1 M Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series A-1 D Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 D Preferred Units will accumulate as of the Series A-1 D Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 D Preferred Unit Distribution Payment Date to holders of record of the Series A-1 D Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Ps Business Parks Inc/Ca

Distributions Cumulative. Distributions on the Series A-1 X Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness indebtedness, at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 X Preferred Units will accumulate as of the Series A-1 X Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 X Preferred Unit Distribution Payment Date Date, to holders of record of the Series A-1 X Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series A-1 B Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 B Preferred Units will accumulate as of the Series A-1 B Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 B Preferred Unit Distribution Payment Date to holders of record of the Series A-1 B Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen thirty (1530) Business Days days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Heritage Property Investment Trust Inc

Distributions Cumulative. Distributions on the Series A-1 Y Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 Y Preferred Units will accumulate as of the Series A-1 Y Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 Y Preferred Unit Distribution Payment Date to holders of record of the Series A-1 Y Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Ps Business Parks Inc/Ca

Distributions Cumulative. Distributions on the Series A-1 X Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 X Preferred Units will accumulate as of the Series A-1 X Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 X Preferred Unit Distribution Payment Date to holders of record of the Series A-1 X Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Ps Business Parks Inc/Ca

Distributions Cumulative. Distributions on the Series A-1 T Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness indebtedness, at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 T Preferred Units will accumulate as of the Series A-1 T Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 T Preferred Unit Distribution Payment Date Date, to holders of record of the Series A-1 T Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Ps Business Parks Inc/Ca

Distributions Cumulative. Distributions on the Series A-1 O Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness indebtedness, at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 O Preferred Units will accumulate as of the Series A-1 O Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 O Preferred Unit Distribution Payment Date Date, to holders of record of the Series A-1 O Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series A-1 F Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 F Preferred Units will accumulate as of the Series A-1 F Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 F Preferred Unit Distribution Payment Date to holders of record of the Series A-1 F Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Ps Business Parks Inc/Ca

Distributions Cumulative. Distributions on the Series A-1 T Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 T Preferred Units will accumulate as of the Series A-1 T Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 T Preferred Unit Distribution Payment Date to holders of record of the Series A-1 T Preferred Units on the record date fixed by the Partnership acting through the General Partner Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Prologis, L.P.

Distributions Cumulative. Distributions on the Series A-1 C Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness indebtedness, at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 C Preferred Units will accumulate as of the Series A-1 Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 Preferred Unit Distribution Payment Date to holders of record of the Series A-1 C Preferred Units on the record date fixed by the Partnership acting through the General Partner Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Cabot Industrial Trust

Distributions Cumulative. Distributions on the Series A-1 V Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness indebtedness, at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 V Preferred Units will accumulate as of the Series A-1 V Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 V Preferred Unit Distribution Payment Date Date, to holders of record of the Series A-1 V Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

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Distributions Cumulative. Distributions on the Series A-1 G Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 G Preferred Units will accumulate as of the Series A-1 Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 Preferred Unit Distribution Payment Date to holders of record of the Series A-1 G Preferred Units on the record date fixed by the Partnership acting through the General Partner Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Liberty Property Trust

Distributions Cumulative. Distributions on the Series A-1 G Preferred Units will accrue accrue, whether or not declared, whether or not the terms and provisions of any agreement of the PartnershipPartnership or the General Partner, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 G Preferred Units will accumulate as of the Series A-1 G Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 G Preferred Unit Distribution Payment Date to holders of record of the Series A-1 G Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions Distribution on the Series A-1 C Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 C Preferred Units will accumulate as of the Series A-1 C Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 Preferred C preferred Unit Distribution Payment Date to holders of record of the Series A-1 C Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) be more than 15 Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Jp Realty Inc

Distributions Cumulative. Distributions on the Series A-1 P Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness indebtedness, at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 P Preferred Units will accumulate as of the Series A-1 P Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 P Preferred Unit Distribution Payment Date Date, to holders of record of the Series A-1 P Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series A-1 C Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness Indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 C Preferred Units will accumulate as of the Series A-1 C Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 C Preferred Unit Distribution Payment Date to holders of record of the Series A-1 C Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Camden Property Trust

Distributions Cumulative. Distributions on the Series A-1 B Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 B Preferred Units will accumulate as of the Series A-1 B Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 B Preferred Unit Distribution Payment Date to holders of record of the Series A-1 B Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Camden Property Trust

Distributions Cumulative. Distributions on the Series A-1 D Preferred Units will shall accrue whether or not (i) the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not (ii) the Partnership has earnings, whether or not (iii) there are funds legally available for the payment of such of such distributions and whether or not (iv) such distributions are authorizedauthorized and declared. Accrued but unpaid distributions on the Series A-1 D Preferred Units will shall accumulate as of the Series A-1 Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 Preferred Unit Distribution Payment Date to holders of record of the Series A-1 D Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall be not exceed fifteen (15) Business Days more than 45 days prior to the payment date. Accumulated and unpaid distributions will shall not bear interest.

Appears in 1 contract

Samples: Urban Shopping Centers Inc

Distributions Cumulative. Distributions on the Series A-1 I Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 I Preferred Units will accumulate as of the Series A-1 Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 Preferred Unit Distribution Payment Date to holders of record of the Series A-1 I Preferred Units on the record date fixed by the Partnership acting through the General Partner Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Contribution Agreement (Liberty Property Limited Partnership)

Distributions Cumulative. Distributions on the Series A-1 Y Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness indebtedness, at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 Y Preferred Units will accumulate as of the Series A-1 Y Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 Y Preferred Unit Distribution Payment Date Date, to holders of record of the Series A-1 Y Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.. 

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series A-1 B Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 B Preferred Units will accumulate as of the Series A-1 B Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 B Preferred Unit Distribution Payment Date to holders of record of the Series A-1 B Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen thirty (1530) Business Days days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Bradley Operating L P

Distributions Cumulative. Distributions on the Series A-1 Z Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness indebtedness, at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 Z Preferred Units will accumulate as of the Series A-1 Z Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 Z Preferred Unit Distribution Payment Date Date, to holders of record of the Series A-1 Z Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series A-1 A Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series A-1 A Preferred Units will accumulate as of the Series A-1 A Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 A Preferred Unit Distribution Payment Date to holders of record of the Series A-1 A Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) be more than 15 Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Price Development Co Lp

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