Common use of Distributions Cumulative Clause in Contracts

Distributions Cumulative. Notwithstanding the foregoing, distributions on the Series B Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership at any time prohibit the 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 B Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable.

Appears in 10 contracts

Samples: Assignment and Assumption Agreement (Amb Property Corp), Assignment and Assumption Agreement (Amb Property Corp), Assignment and Assumption Agreement (Amb Property Lp)

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Distributions Cumulative. Notwithstanding the foregoing, distributions on the Series B D Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership at any time prohibit the 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 B D Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable.

Appears in 10 contracts

Samples: Constructive Ownership Definition (Amb Property Corp), Constructive Ownership Definition (Amb Property Corp), Amb Property Corp

Distributions Cumulative. Notwithstanding the foregoing, distributions on the Series B H Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership at any time prohibit the 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 B H Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable.

Appears in 5 contracts

Samples: Constructive Ownership Definition (Amb Property Corp), Amb Property Lp, Amb Property Lp

Distributions Cumulative. Notwithstanding the foregoing, distributions on the Series B A Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership at any time prohibit the 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 B A Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable. Accumulated and unpaid distributions will not bear interest.

Appears in 4 contracts

Samples: Kilroy Realty, L.P., Kilroy Realty, L.P., Kilroy Realty, L.P.

Distributions Cumulative. Notwithstanding the foregoing, distributions on the Series B D Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership at any time prohibit the 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 B D Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable.

Appears in 2 contracts

Samples: Ii Contribution Agreement (Amb Property Corp), Amb Property Corp

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Distributions Cumulative. Notwithstanding the foregoing, distributions on the Series B N Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership at any time prohibit the 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 B N Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable.

Appears in 1 contract

Samples: Amb Property Corp

Distributions Cumulative. Notwithstanding the foregoing, distributions Distributions on the Series B D Preferred Units will accrue whether or not declared, whether or not the terms and provisions of any agreement of the Partnership at any time prohibit the 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 B D Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Post Apartment Homes Lp

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