Distributions Cumulative. Notwithstanding the foregoing, ------------------------ distributions on the Series 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 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 3 contracts
Samples: Kilroy Realty Corp, Kilroy Realty Corp, Kilroy Realty Corp
Distributions Cumulative. Notwithstanding the foregoing, ------------------------ distributions on the Series A I 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 A I 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 3 contracts
Samples: Constructive Ownership Definition (Amb Property Corp), Amb Property Lp, Amb Property Lp
Distributions Cumulative. Notwithstanding the foregoing, ------------------------ distributions on the Series A I 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 A I 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 2 contracts
Samples: Ii Contribution Agreement (Amb Property Corp), Amb Property Corp
Distributions Cumulative. Notwithstanding the foregoing, ------------------------ distributions on the Series 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 A Preferred Units will accumulate as of the Series A Preferred Unit Distribution Payment Date on which they first become payable. Accumulated and unpaid distributions will not bear interest.
Appears in 2 contracts
Samples: Storage Usa Inc, Susa Partnership Lp
Distributions Cumulative. Notwithstanding the foregoing, ------------------------ distributions on the Series 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 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 2 contracts
Samples: National Golf Properties Inc, National Golf Properties Inc
Distributions Cumulative. Notwithstanding the foregoing, ------------------------ distributions on the Series 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 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 1 contract
Samples: National Golf Properties Inc
Distributions Cumulative. Notwithstanding the foregoing, ------------------------ distributions on the Series A I 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 140 146 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 I 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: Amb Property Lp