Partnership Preferred Securities definition

Partnership Preferred Securities means those securities representing limited partnership interests in the Partnership.

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Partnership Preferred Securities represent the Interests of Limited Partners and have the preference and designation set forth in Section 6.2(a) of this Agreement.

Partnership Preferred Securities has the meaning set forth in Section 1.1 of the Limited Partnership Agreement.

Examples of Partnership Preferred Securities in a sentence

The General Partner shall notify all Holders of the Partnership Preferred Securities of any notice of an Investment Event of Default received with respect to any Affiliate Investment Instrument.
Amounts allocated to all Partnership Preferred Security Holders shall be allocated among such Holders in proportion to the number of Partnership Preferred Securities held by such Holders.
Distributions and Compounded Distributions (as defined below) (if any) on the Partnership Preferred Securities shall be cumulative from the Closing Date.
Limited Partners shall receive periodic Distributions and Compounded Distributions, if any, redemption payments and liquidation distributions in accordance with the terms of the Partnership Preferred Securities set forth in Article VI.
Each Partnership Preferred Security Holder's respective ownership of Partnership Preferred Securities shall be set forth on the books and records of the Partnership.

More Definitions of Partnership Preferred Securities

Partnership Preferred Securities is defined in the Statement of Common Definitions.

Partnership Preferred Securities means any series of preferred securities issued by Textron Partnership pursuant to the Limited Partnership Agreement.

Partnership Preferred Securities has the meaning set forth in Annex C hereto.

Partnership Preferred Securities represent the Interests of Limited Partners and have the stated liquidation preference and designation set forth in Section 6.2(a) of this Agreement.

Partnership Preferred Securities shall have the meaning set forth in the Recitals to this Guarantee Agreement.

Partnership Preferred Securities means limited partnership interests in Citizens Capital. "Partnership Securities" means the Partnership Preferred Securities and the General Partnership Security. "Partnership Tax Event" means that the General Partner shall have obtained a Tax Event Opinion to the effect that, as a result of a Change in Tax Law, there is more than an insubstantial risk that (i) Citizens Capital is subject to United States federal income tax with respect to interest accrued or received on the Convertible Debentures or (ii) Citizens Capital is subject to more than a de minimis amount of taxes, duties or other governmental charges. Paying Agent" means the Person appointed under and authorized pursuant to the Limited Partnership Agreement, the Declaration and the Indenture to act on behalf of the holders of Convertible Preferred Securities, the Partnership Preferred Securities or the Convetible Debentures, as the case may be, in effecting the payment of principal, disributions or interest, as the case may be, redemption payments and liquidation payments, as and in the manner set forth in the Limited Partnerhsip Agreement, the Declaration or the Indenture, as the case may be. Initally, Chemical Bank shall act as Paying Agent with respect to the Convertible Preferred Securities and the Company shall act as Paying Agent with respect to the Convertible Preferred Securities and the Company shall act as Paying Agent with respect to the Partnership Preferred Securities and the Convertible Debentures. "Person" means any individual, corporation, estate, partnership, joint venture, association, joint-stock company, limited liability company, trust, unincorporated association or government or any agency or political subdivision thereof.

Partnership Preferred Securities. The term "Partnership Preferred Securities" means the limited partnership interests, if any, issued pursuant to the Limited Partnership Agreement.