Preferred Units definition

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.

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Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

Examples of Preferred Units in a sentence

• The Company shall not be obligated to accept redemption requests from Unit Holders if it deems that such redemption would adversely affect the Company’s financial condition or business operations The Company may redeem the Series A Preferred Units in whole or in part, at any time, in its own discretion by paying to the Series A Preferred Holders $10.00 per Unit as set forth in the schedule below, plus any accrued and unpaid Preferred Return through the date of redemption.

• The Series A Preferred Unit Holders may, at their option, upon written notice to the Company request the Company to repurchase, in whole or in part, such Holders Series A Preferred Units.

• The Series A Preferred Units cannot be sold or transferred by the Subscriber unless subsequently registered under applicable law or an exemption from registration is available.

• The Company is not required to register the Series A Preferred Units or to make any exemption from registration available.

• Date: Social Security/Taxpayer Identification Number(s): The Company hereby accepts the foregoing subscription for Series A Preferred Units as of .

More Definitions of Preferred Units

Preferred Units has the meaning set forth in Section 3.04(a)(ii) hereof.

Preferred Units has the meaning set forth in the LLC Agreement.

Preferred Units means a Class of Units, in one or more series, designated as “Preferred Units,” which entitles the holder thereof to a preference with respect to the payment of distributions over the Class A Units and any other Junior Units then outstanding as set forth herein.

Preferred Units means the Units having the rights and obligations specified with respect to Preferred Units in this Agreement.

Preferred Units has the meaning set forth in the Recitals.

Preferred Units means the preferred limited partnership units in the capital of BEP.

Preferred Units means preferred units of the REIT that may be created in the future, and “Preferred Unit” means any one of them.