Partnership Preferred Unit definition

Examples of Partnership Preferred Unit in a sentence

  • If, at any time, any Preferred Shares are redeemed (whether by exercise of a put or call, automatically or by means of another arrangement) by the General Partner for cash, the Partnership shall, immediately prior to such redemption of Preferred Shares, redeem an equal number of Partnership Preferred Units held by the General Partner, upon the same terms and for the same price per Partnership Preferred Unit, as such Preferred Shares are redeemed.

  • In order to exercise the conversion right, the holder of each Class Six Partnership Preferred Unit to be converted shall surrender the certificate representing such unit, duly endorsed or assigned to the Partnership or in blank, at the office of the Transfer Agent, accompanied by written notice to the Partnership that the holder thereof elects to convert such Class Six Partnership Preferred Unit.

  • In order to exercise the conversion right, the holder of each Class Four Partnership Preferred Unit to be converted shall surrender the certificate representing such unit, duly endorsed or assigned to the Partnership or in blank, at the office of the Transfer Agent, accompanied by written notice to the Partnership that the holder thereof elects to convert such Class Four Partnership Preferred Unit.

  • On every Distribution Payment Date, the holders of Class G Partnership Preferred Units shall be entitled to receive distributions payable in cash in an amount per Class G Partnership Preferred Unit equal to the per share dividend payable on the Class G Preferred Stock on such Distribution Payment Date.

  • On every Distribution Payment Date, the holders of Class H Partnership Preferred Units shall be entitled to receive distributions payable in cash in an amount per Class H Partnership Preferred Unit equal to the per share dividend payable on the Class H Preferred Stock on such Distribution Payment Date.


More Definitions of Partnership Preferred Unit

Partnership Preferred Unit means a Series A Preferred Unit, as defined in the Partnership Agreement.
Partnership Preferred Unit means a Preferred Unit, as defined in the Partnership Agreement.
Partnership Preferred Unit means an interest in the Partnership that has distribution rights, or rights upon liquidation, winding up and dissolution, that are senior or prior to the Partnership Units.
Partnership Preferred Unit means a Class A Partnership Preferred Unit and any other fractional, undivided share of the Partnership Interests that the General Partner has authorized pursuant to Section 4.1 or Section 4.2, other than Partnership Common Units.