Series B Distribution Record Date has the meaning given such term in Section 17.3(b).
Series B Distribution Record Date with respect to any distribution payable on Series B Preferred Units, means the close of business on the record date fixed for the determination of holders of record of REIT Series B Preferred Shares entitled to receive a distribution on such REIT Series B Preferred Shares.
Series B Distribution Record Date for the payment of any Series B Distributions shall be the fifth Business Day immediately preceding the applicable Series B Distribution Payment Date, except that in the case of payments of Series B Distributions in Arrears, the Series B Distribution Record Date with respect to a Series B Distribution Payment Date shall be such date as may be designated by the Board of Directors in accordance with this Article XVII. No distribution shall be declared or paid or set apart for payment on any Junior Securities (other than a distribution payable solely in Junior Securities) unless full cumulative Series B Distributions have been or contemporaneously are being paid or provided for on all Outstanding Series B Preference Units and any other Parity Securities through the most recent respective Series B Distribution Payment Dates. Accumulated Series B Distributions in Arrears for any past Series B Distribution Period may be declared by the Board of Directors and paid on any date fixed by the Board of Directors, whether or not a Series B Distribution Payment Date, to Series B Holders on the record date for such payment, which may not be more than 60 days, nor less than 15 days, before such payment date. Subject to the next succeeding sentence, if all accumulated Series B Distributions in Arrears on all Outstanding Series B Preference Units and any other Parity Securities shall not have been declared and paid, or if sufficient funds for the payment thereof shall not have been set apart, payment of accumulated distributions in Arrears on the Series B Preference Units and any such Parity Securities shall be made in order of their respective distribution payment dates, commencing with the earliest. If less than all distributions payable with respect to all Series B Preference Units and any other Parity Securities are paid, any partial payment shall be made pro rata with respect to the Series B Preference Units and any such other Parity Securities entitled to a distribution payment at such time in proportion to the aggregate distribution amounts remaining due in respect of such Series B Preference Units and such other Parity Securities at such time. Subject to Sections 12.4 and 17.6, Series B Holders shall not be entitled to any distribution, whether payable in cash, property or stock, in excess of full cumulative Series B Distributions. Except insofar as distributions accrue on the amount of any accumulated and unpaid Series B Distributions as described in Section 17.3(a...
Examples of Series B Distribution Record Date in a sentence
Distributions will be payable on Series B Preferred Units outstanding at the close of business on the applicable Series B Distribution Record Date.
Each distribution is payable to holders of record of outstanding Series B Preferred Units as of the applicable Series B Distribution Record Date or date of redemption of such Series B Preferred Unit, as applicable.
Notwithstanding any provision to the contrary contained herein, the distribution payable on each Series B Preferred Unit outstanding on any Series B Distribution Record Date shall be equal to the distribution paid with respect to each other Series B Preferred Unit that is outstanding on such date.
The guaranteed payment with respect to any Series B Distribution Period shall be for the account of the holders of Series B Preferred Units as of the applicable Series B Distribution Record Date.
No holder of any Series B Preferred Units shall be entitled to receive any distributions paid or payable on the Series B Preferred Units with a Series B Distribution Record Date before the date such Series B Preferred Units are issued.
More Definitions of Series B Distribution Record Date
Series B Distribution Record Date has the meaning set forth in Section 16.3(b).
Series B Distribution Record Date has the meaning set forth in Section 7.2 of this Agreement.
Series B Distribution Record Date means the date established by the General Partner or otherwise in accordance with the Agreement for determining the identity of Series B Holders entitled to receive any Series B Distribution; provided that, any such Series B Distribution Record Date shall not be more than 30 and not fewer than 10 days prior to the scheduled Series B Distribution Payment Date to which such Series B Distribution Record Date relates.
Series B Distribution Record Date for any Series B Distribution payment shall be the fifth Business Day immediately preceding the applicable Series B Distribution Payment Date, except that in the case of payments of Series B Distributions in Arrears, the Series B Distribution Record Date with respect to a Series B Distribution Payment Date shall be such date as may be designated by the Managing Member. No distribution shall be declared or paid or set apart for payment on any Common Units unless full cumulative Series B Distributions have been or contemporaneously are being paid or provided for on all outstanding Series B Special Units through the most recent respective Series B Distribution Payment Date. Accumulated Series B Distributions in Arrears for any past Series B Distribution Period may be declared by the Managing Member and paid on any date fixed by the Managing Member, whether or not a Series B Distribution Payment Date, to the Series B Holders on the record date for such payment. Subject to Section 7.7, Series B Holders shall not be entitled to any distribution in excess of full cumulative Series B Distributions. No interest or sum of money in lieu of interest shall be payable in respect of any distribution payment which may be in arrears on the Series B Special Units.
Series B Distribution Record Date has the meaning set forth in Section 17.3(c). “Series B Distributions” means distributions with respect to Series B Preference Units pursuant to Section 17.3.
Series B Distribution Record Date shall have the meaning provided in Section 14.04 (a).
Series B Distribution Record Date has the meaning set forth in Section 5.9(a) hereof.