Mirror A Priority Return definition

Mirror A Priority Return means an amount equal to 7.125% of the $25.00 liquidation preference per Mirror A Preferred Unit per annum (equivalent to $1.78125 per Mirror A Preferred Unit per year).
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Examples of Mirror A Priority Return in a sentence

  • Subject to the preferential rights of holders of any class or series of OP Units of the Partnership ranking senior to the Mirror A Preferred Units, the General Partner, as holder of the Mirror A Preferred Units, will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of the Partnership’s available cash, cumulative preferential cash distributions in an amount equal to the Mirror A Priority Return.

  • The holders of the Common OP Units shall be entitled to receive distributions in accordance with Section 4.3, after payment of all accrued (i) Preferred Dividends, (ii) Series A-1 Priority Return, (iii) Series B Priority Return, (iv) Series B-1 Priority Return, (v) Series B-2 Priority Return, (vi) Series B-3 Priority Return, and (vii) Mirror A Priority Return.

  • No distribution shall be made in respect of Common OP Units while any accrued (i) Preferred Dividends, (ii) Series A-1 Priority Return, (iii) Series B Priority Return, (iv) Series B-1 Priority Return, (v) Series B-2 Priority Return, (vi) Series B-3 Priority Return, or (vii) Mirror A Priority Return remains unpaid unless all such unpaid amounts are paid simultaneously with such distribution.

  • On or promptly following commencement of the Employment Period, the Company shall grant to Employee stock options to acquire 357,143 shares of its common stock ("Options"), which shall have an option exercise price as provided in the Company's 2000 Stock Option Plan.