Redemption Payment. Upon redemption of a Preferred OP Unit the holder shall be entitled to receive a redemption payment equal to the Issue Price of such Preferred OP Unit plus all unpaid Preferred Dividends thereon accrued and prorated to the time that the redemption payment is made as if such date were a Preferred Dividend Accrual Date.
Appears in 4 contracts
Samples: Agreement (Sun Communities Inc), Sun Communities Inc, Agreement (Sun Communities Inc)