Series definition
Examples of Series in a sentence
If and when every Member qualifies as eligible member under the Partnership Audit Rules, the Partnership Representative shall make the “Opt-Out” election for the Company and any Company Series, as appropriate, for any year that Members remain qualified as eligible Members.
DentonX has issued, or will issue, equity-based incentive awards to certain Key Persons of OIC in the form of Three Hundred Sixty (360) Series B Preferred Shares of DentonX, as further described in the DentonX Share Grant Agreement (the “Share Grant Agreement”).
For the avoidance of doubt, the amount of any distribution payable to a holder of a Series of NLP Common Units pursuant to Section 5.2(a) of the Partnership Agreement and the terms of this paragraph may be different than the amount of any distribution payable to the holders of any other class or Series of Junior Units.
The General Partner shall have the authority, exercisable in its sole and absolute discretion, and without the approval of any Limited Partner or any other Person, to determine or change, at any time or from time to time, the amount or rate of, or manner of calculating, the distribution(s) payable to holders of each Series of NLP Common Units pursuant to this paragraph.
For purposes of distributions payable to Junior Units pursuant to Section 5.2(a) of the Partnership Agreement, the holders of each Series of NLP Common Units shall be entitled to share in amounts distributable to the holders of Junior Units, with the amount(s) of such distribution(s) to the holders of each Series of NLP Common Units pursuant to Section 5.2(a) to be determined by the General Partner in its sole and absolute discretion.