Series B Preferred Units definition

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

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Series B Preferred Units means the Partnership's 8 5/8% Series B Cumulative Redeemable Partnership Units.

Series B Preferred Units has the meaning assigned to such term in Section 5.10(a).

Examples of Series B Preferred Units in a sentence

On and after October 6, 2026, the Partnership, at its option, upon not fewer than 30 nor more than 60 days’ written notice, may redeem the Series B Preferred Units, in whole or in part, at any time or from time to time, for cash, at a redemption price equal to $25.00 per Series B Preferred Unit, plus any accrued and unpaid distributions thereon (whether or not declared) to, but not including, the date fixed for redemption (the “Redemption Date”).
If fewer than all of the outstanding Series B Preferred Units are to be redeemed, the Series B Preferred Units to be redeemed may be selected pro rata (as nearly as practicable without creating fractional units) or by lot.
No interest shall accrue for the benefit of the Series B Preferred Units to be redeemed on any cash set aside by the Partnership.
Except as provided above, the Partnership will make no payment or allowance for unpaid distributions, whether or not in arrears, on Series B Preferred Units for which a notice of redemption has been given.
Such notice shall be deemed to have been given to the General Partner, in its capacity as holder of the Series B Preferred Units, upon the giving of any notice by the General Partner to holders of shares of Series B Preferred Stock with respect to the redemption of such shares.

More Definitions of Series B Preferred Units

Series B Preferred Units means the Series B Cumulative Convertible Preferred Units representing limited partner interests in the Partnership and having the rights and obligations specified in the Partnership Agreement.

Series B Preferred Units means the series of preferred units of the Partnership designated as 8.5% Series B Cumulative Convertible Preferred Units having such designations, preferences and other rights described in Schedule A.

Series B Preferred Units has the meaning specified in Section 3.2.

Series B Preferred Units means the Series B Cumulative Redeemable Preferred Partnership Units.

Series B Preferred Units means the Partnership’s 8.375% Series B Cumulative Redeemable Preferred Units, with the rights, priorities and preferences set forth herein.

Series B Preferred Units shall have the meaning set forth in the recitals.

Series B Preferred Units means the Series B convertible class of preferred Units designated as “Series B Preferred Units” and having the relative rights, preferences, privileges, limitations and qualifications set forth in this Agreement.