Examples of Series 11 Preferred Limited Partnership Units in a sentence
Any such Preferred Units that are reclassified into Series 11 Preferred Limited Partnership Units shall have the rights, privileges, restrictions and conditions set out herein.
The reclassification of Series 12 Preferred Limited Partnership Units into Series 11 Preferred Limited Partnership Units shall not give rise to a redemption or cancellation of such Preferred Units.
The Partnership shall give notice in writing not less than 25 days nor more than 60 days prior to the applicable Series 11 Reclassification Date of its intention to redeem such Series 11 Preferred Limited Partnership Units to each person who at the date of giving such notice is the Holder of Series 11 Preferred Limited Partnership Units to be redeemed.
Such notice shall set out the number of such Series 11 Preferred Limited Partnership Units held by the person to whom it is addressed which are to be redeemed and the Redemption Price and shall also set out the date on which the redemption is to take place.
Holders of Series 11 Preferred Limited Partnership Units shall not have any rights of preemption with regard to any Partnership Interests.
The reclassification of Series 11 Preferred Limited Partnership Units into Series 12 Preferred Limited Partnership Units shall not give rise to a redemption or cancellation of such Preferred Units.
Series 11 Preferred Limited Partnership Units are not subject to the operation of a sinking fund.
On the exercise of the Reclassification Privilege by a Holder, the Partnership reserves the right not to reclassify the Series 11 Preferred Limited Partnership Units held by any Ineligible Person.
If at any such meeting the Holders of at least 25% of the then Outstanding Series 11 Preferred Limited Partnership Units are not present or represented by proxy within one half hour after the time appointed for such meeting, then the meeting shall be adjourned to such date not less than 5 days thereafter and to such time and place as may be designated by the chairman of such meeting, and no notice need be given of such adjourned meeting.
However, the current state of the economy and reduced activity in the construction sector suggests that recycling is likely to be a lesser figure than 6Mt in 2011.