Common use of Distributions Cumulative Clause in Contracts

Distributions Cumulative. Distributions on the Series B Preferred Units will be cumulative from and including the Series B Preferred Shares Original Issuance Date, or, with respect to the special distribution right referred to in Section 17.2.E below, from, and including, the first date on which the dividend rate payable on the REIT Series B Preferred Shares is increased in accordance with the Series B Preferred Shares Terms. Distributions will accumulate from the Series B Preferred Shares Original Issuance Date or the most recent Series B Preferred Unit Distribution Payment Date to which accrued distributions have been paid, whether or not the terms and provisions set forth in Section 17.2.D hereof at any time prohibit the current payment of distributions, whether or not the Partnership has Available Cash or earnings and whether or not such distributions are authorized.

Appears in 7 contracts

Samples: Agreement (Hudson Pacific Properties, L.P.), Asset Purchase Agreement (Hudson Pacific Properties, Inc.), Agreement (Hudson Pacific Properties, L.P.)

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Distributions Cumulative. Distributions on the Series B 1 Preferred Units will be cumulative from and including the Series B 1 Preferred Shares Original Issuance Unit Initial Accrual Date, or, with respect to the special distribution right referred to in Section 17.2.E below, from, and including, the first date on which the dividend rate payable on the REIT Series B 1 Preferred Shares is increased in accordance with the Series B 1 Preferred Shares Terms. Distributions will accumulate from the Series B 1 Preferred Shares Original Issuance Unit Initial Accrual Date or the most recent Series B 1 Preferred Unit Distribution Payment Date to which accrued distributions have been paid, whether or not the terms and provisions set forth in Section 17.2.D hereof at any time prohibit the current payment of distributions, whether or not the Partnership has Available Cash or earnings and whether or not such distributions are authorized.

Appears in 3 contracts

Samples: Agreement (Parking REIT, Inc.), Agreement (Mobile Infrastructure Corp), Parking REIT, Inc.

Distributions Cumulative. Distributions on the Series B 1 Preferred Units will be cumulative from and including the Series B 1 Preferred Shares Original Issuance Unit Initial Accrual Date, or, with respect to the special distribution right referred to in Section 17.2.E below, from, and including, the first date on which the dividend rate payable on the REIT Series B 1 Preferred Shares is increased in accordance with the Series B 1 Preferred Shares Terms. Distributions will accumulate from the Series B 1 Preferred Shares Original Issuance Unit Initial Accrual Date or the most recent Series B 1 Preferred Unit Distribution Payment Date to which accrued distributions have been paid, whether or not the terms and provisions set forth in Section 17.2.D hereof at any time prohibit the current payment of distributions, whether or not the Partnership Company has Available Cash or earnings and whether or not such distributions are authorized.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Mobile Infrastructure Corp), Limited Liability Company Agreement (Mobile Infrastructure Corp)

Distributions Cumulative. Distributions on the Series B A Preferred Units will be cumulative from and including the Series B A Preferred Shares Original Issuance Unit Initial Accrual Date, or, with respect to the special distribution right referred to in Section 17.2.E 16.2.E below, from, and including, the first date on which the dividend rate payable on the REIT Series B A Preferred Shares is increased in accordance with the Series B A Preferred Shares Terms. Distributions will accumulate from the Series B A Preferred Shares Original Issuance Unit Initial Accrual Date or the most recent Series B A Preferred Unit Distribution Payment Date to which accrued distributions have been paid, whether or not the terms and provisions set forth in Section 17.2.D 16.2.D hereof at any time prohibit the current payment of distributions, whether or not the Partnership has Available Cash or earnings and whether or not such distributions are authorized.

Appears in 2 contracts

Samples: Agreement (Parking REIT, Inc.), Parking REIT, Inc.

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Distributions Cumulative. Distributions on the Series B A Preferred Units will be cumulative from and including the Series B A Preferred Shares Original Issuance Unit Initial Accrual Date, or, with respect to the special distribution right referred to in Section 17.2.E 16.2.E below, from, and including, the first date on which the dividend rate payable on the REIT Series B A Preferred Shares is increased in accordance with the Series B A Preferred Shares Terms. Distributions will accumulate from the Series B A Preferred Shares Original Issuance Unit Initial Accrual Date or the most recent Series B A Preferred Unit Distribution Payment Date to which accrued distributions have been paid, whether or not the terms and provisions set forth in Section 17.2.D 16.2.D hereof at any time prohibit the current payment of distributions, whether or not the Partnership Company has Available Cash or earnings and whether or not such distributions are authorized.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Mobile Infrastructure Corp), Limited Liability Company Agreement (Mobile Infrastructure Corp)

Distributions Cumulative. Distributions on the Series B 1 Preferred Units will be cumulative from and including the Series B 1 Preferred Shares Original Issuance Unit Initial Accrual Date, or, with respect to the special distribution right referred to in Section 17.2.E below, from, and including, the first date on which the dividend rate payable on the REIT Series B 1 Preferred Shares is increased in accordance with the Series B 1 Preferred Shares Terms. Distributions will accumulate from the Series B 1 Preferred Shares Original Issuance Unit Initial Accrual Date or the most recent Series B 1 Preferred Unit Distribution Payment Date to which accrued distributions have been paid, whether or not the terms and provisions set forth in Section 17.2.D hereof at any time prohibit the current payment of distributions, whether or not the Partnership has Available Cash or earnings and whether or not such distributions are authorized.

Appears in 1 contract

Samples: Support Agreement (Mobile Infrastructure Corp)

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