Partnership Preferred Unit definition

Partnership Preferred Unit means a fractional, undivided share of the Partnership Interests that the General Partner has authorized pursuant to Section 4.2 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Partnership Common Units.
Partnership Preferred Unit means a Series A Preferred Unit, as defined in the Partnership Agreement.
Partnership Preferred Unit means a fractional, undivided share of the Partnership Interests of a particular class or series that the General Partner has authorized pursuant to Section 4.2 or Section 4.3 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Partnership Common Units. Partnership Preferred Units shall include, but not be limited to, Series 1 CPOP Units, Series 2 CPOP Units, Series 3 CPOP Units, Series B Preferred Units and Series C Preferred Units, and the Partnership Preferred Units of each such type is a separate class of Partnership Unit for purposes of this Agreement.

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 C Partnership Preferred Units shall be entitled to receive distributions payable in cash in an amount per Class C Partnership Preferred Unit equal to the per share dividend payable on the Class C Preferred Stock on such Distribution Payment Date.

  • Mr. Oyewo explained that he was involved in the preparation of the final account in that he had to define the scope of works (although there was a reduction of the scope of works in order to finish the project) that was completed.

  • 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.

  • Each Partnership Preferred Unit that is issued and outstanding immediately prior to the Partnership Merger Effective Time shall automatically be converted into one (1) new validly issued New Preferred OP Unit (the “Partnership Merger Preferred Consideration”), and each holder of Partnership Preferred Units shall be admitted as a limited partner of Parent OP following the Partnership Merger Effective Time in accordance with the terms of the Parent Partnership Agreement.

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

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


More Definitions of Partnership Preferred Unit

Partnership Preferred Unit means a fractional, undivided share of the Partnership Interests that the General Partner has authorized pursuant to Section 4.2(a) or 4.3 hereof (including but not limited to a Series A Preferred Unit) that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Partnership Common Units.”
Partnership Preferred Unit means a Series A Preferred Unit, as defined in the Partnership Agreement. “Partnership Unitholder Approval” means approval of holders of a Unit Majority.
Partnership Preferred Unit means a partnership interest in the Partnership designated as a “6.25% Series I-2 Cumulative Redeemable Preferred Partnership Interest” under the Partnership Agreement.
Partnership Preferred Unit means a partnership interest in the Partnership designated as a “6.25% Series I-2 Cumulative Redeemable Preferred Partnership Interest” under the Partnership Agreement. 11
Partnership Preferred Unit means a fractional, undivided share of the Partnership Interests of a particular class or series that the General Partner has authorized pursuant to Section 4.2 or Section 4.3 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Partnership Common Units. Partnership Preferred Units shall include, but not be limited to, Series 1 CPOP Units, Series 2 CPOP Units, Series A Preferred Units, Series B Preferred Units and Series C Preferred Units, and the Partnership Preferred Units of each such type is a separate class of Partnership Unit for purposes of this Agreement.
Partnership Preferred Unit. (the "Liquidation Preference"), plus an amount per Class O Partnership Preferred Unit equal to all dividends (whether or not declared or earned) accumulated, accrued and unpaid on one share of Class O Preferred Stock to the date of final distribution to such holders; but such holders shall not be entitled to any further payment. Until the holders of the Class O Partnership Preferred Units have been paid the Liquidation Preference in full, plus an amount equal to all dividends (whether or not declared or earned) accumulated, accrued and unpaid on the Class O Preferred Stock to the date of final distribution to such holders, no payment shall be made to any holder of Junior Partnership Units upon the liquidation, dissolution or winding up of the Partnership. If, upon any liquidation, dissolution or winding up of the Partnership, the assets of the Partnership, or proceeds thereof, distributable among the holders of Class O Partnership Preferred Units shall be insufficient to pay in full the preferential amount aforesaid and liquidating payments on any Parity Partnership Units, then such assets, or the proceeds thereof, shall be distributed among the holders of Class O Partnership Preferred Units and any such Parity Partnership Units ratably in the same proportion as the respective amounts that would be payable on such Class O Partnership Preferred Units and any such other Parity Partnership Units if all amounts payable thereon were paid in full. For the purposes of this Section 4, (i) a consolidation or merger of the Partnership with one or more partnerships, or (ii) a sale or transfer of all or substantially all of the Partnership's assets shall not be deemed to be a liquidation, dissolution or winding up, voluntary or involuntary, of the Partnership.

Related to Partnership Preferred Unit

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Common Units is defined in the Partnership Agreement.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Series H Preferred Stock means shares of the Company’s Series H Preferred Stock, par value $0.0001 per share.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Class A Common Units means the Company's Class A Common Units.

  • Class A Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class A Units in this Agreement.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.