Designations. (a) On April 23, 2013, the General Partner designated and created a series of Preferred Units designated as “7.25% Series A Cumulative Redeemable Preferred Units,” and fixed the preferences, rights, powers and duties of the holders of the Series A Preferred Units as set forth in this Article XVI. Each Series A Preferred Unit shall be identical in all respects to every other Series A Preferred Unit, except as to the respective dates from which the Series A Liquidation Preference shall increase or from which Series A Distributions may begin accruing, to the extent such dates may differ. The Series A Preferred Units represent perpetual equity interests in the Partnership and shall not give rise to a claim by the holder for redemption thereof at a particular date.
Appears in 9 contracts
Samples: Unit and Warrant Purchase Agreement (Teekay Offshore Partners L.P.), Altera Infrastructure L.P., Agreement (Teekay Offshore Partners L.P.)
Designations. (a) On April 23, 2013, the General Partner designated and created a A series of Preferred Units designated as “7.258.00% Series A Cumulative Redeemable Perpetual Preferred Units,” is hereby designated and fixed created, and the preferences, rights, powers and duties of the holders of the Series A Preferred Units as are set forth in herein, including this Article XVI. Each Series A Preferred Unit shall be identical in all respects to every other Series A Preferred Unit, except as to the respective dates from which the Series A Liquidation Preference shall increase or from which Series A Distributions may begin accruing, to the extent such dates may differ. The Series A Preferred Units represent perpetual equity interests in the Partnership and, except as set forth in Sections 16.5 and 16.11, shall not give rise to a claim by the holder Partnership or a Series A Holder for redemption thereof or the conversion thereof, as applicable, at a particular date.
Appears in 2 contracts
Samples: Landmark Infrastructure Partners LP, Landmark Infrastructure Partners LP
Designations. (a) On April 23[●], 20132015, the General Partner Board of Directors designated and created a series of Preferred Units designated as “7.25[●]% Series A Cumulative Redeemable Preferred Units,” and fixed the preferences, rights, powers and duties of the holders of the Series A Preferred Units as set forth in this Article XVI. Each Series A Preferred Unit shall be identical in all respects to every other Series A Preferred Unit, except as to the respective dates from which the Series A Liquidation Preference shall increase or from which Series A Distributions may begin accruing, to the extent such dates may differ. The Series A Preferred Units represent perpetual equity interests in the Partnership and shall not give rise to a claim by the holder for redemption thereof at a particular date.
Appears in 1 contract
Samples: Dynagas LNG Partners LP
Designations. (a) On April 23June 26, 20132015, the General Partner Board of Directors designated and created a series of Preferred Units designated as “7.25"9.0% Series A Cumulative Redeemable Preferred Units,” " and fixed the preferences, rights, powers and duties of the holders of the Series A Preferred Units as set forth in this Article XVI. Each Series A Preferred Unit shall be identical in all respects to every other Series A Preferred Unit, except as to the respective dates from which the Series A Liquidation Preference shall increase or from which Series A Distributions may begin accruing, to the extent such dates may differ. The Series A Preferred Units represent perpetual equity interests in the Partnership and shall not give rise to a claim by the holder for redemption thereof at a particular date.
Appears in 1 contract
Samples: Dynagas LNG Partners LP