Common use of Preferred Units Clause in Contracts

Preferred Units. Notwithstanding anything to the contrary set forth herein, in no event shall a Holder of a Series C Preferred Unit that was validly exchanged for Series C Preferred Shares pursuant to this Section (other than the General Partner holding such Series C Preferred Unit following any such exchange), receive a distribution out of Available Cash of the Partnership, if such Holder, after exchange, is entitled to receive a distribution with respect to the Series C Preferred Shares for which such Series C Preferred Unit was exchanged or redeemed. Further for purposes of the foregoing, in the event of an exchange of Series C Preferred Units for Series C Preferred Shares, if the accrued and unpaid distributions per Series C Preferred Unit is not the same for each Series C Preferred Unit, the accrued and unpaid distributions per Series C Preferred Unit for each such Series C Preferred Unit shall be equal to the greatest amount of such accrued and unpaid distributions per Series C Preferred Unit on any such unit.

Preferred Units. Notwithstanding anything to the contrary set forth herein, in no event shall a Holder of a Series C Preferred Unit that was validly exchanged for Series C Preferred Shares pursuant to this Section section (other than the General Partner holding such Series C Preferred Unit following any such exchange), receive a distribution out of Available Cash of the Partnership, if such Holder, after exchange, is entitled to receive a distribution with respect to the Series C Preferred Shares for which such Series C Preferred Unit was exchanged or redeemed. Further for purposes of the foregoing, in the event of an exchange of Series C Preferred Units for Series C Preferred Shares, if the accrued and unpaid distributions per Series C Preferred Unit is not the same for each Series C Preferred Unit, the accrued and unpaid distributions per Series C Preferred Unit for each such Series C Preferred Unit shall be equal to the greatest amount of such accrued and unpaid distributions per Series C Preferred Unit on any such unit.

Preferred Units. Notwithstanding anything to the contrary set forth herein, in no event shall a Holder of a Series C Preferred Unit that was validly exchanged for Series C Preferred Shares pursuant to this Section (other than the General 78 84 Partner holding such Series C Preferred Unit following any such exchange), receive a distribution out of Available Cash of the Partnership, if such Holder, after exchange, is entitled to receive a distribution with respect to the Series C Preferred Shares for which such Series C Preferred Unit was exchanged or redeemed. Further for purposes of the foregoing, in the event of an exchange of Series C Preferred Units for Series C Preferred Shares, if the accrued and unpaid distributions per Series C Preferred Unit is not the same for each Series C Preferred Unit, the accrued and unpaid distributions per Series C Preferred Unit for each such Series C Preferred Unit shall be equal to the greatest amount of such accrued and unpaid distributions per Series C Preferred Unit on any such unit.