Common use of Distributions Cumulative Clause in Contracts

Distributions Cumulative. Distributions on the Series G Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Preferred Unit Distribution Payment Date to holders of record of the Series G Preferred Units on the record date fixed by the Partnership acting through the General Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 3 contracts

Samples: Agreement (Cabot Industrial Properties Lp), Agreement (Cabot Industrial Properties Lp), Cabot Industrial Trust

AutoNDA by SimpleDocs

Distributions Cumulative. Distributions on the Series G F Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G F Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Preferred Unit Distribution Payment Date to holders of record of the Series G F Preferred Units on the record date fixed by the Partnership acting through the General Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 3 contracts

Samples: Agreement (Cabot Industrial Properties Lp), Agreement (Cabot Industrial Properties Lp), Cabot Industrial Properties Lp

Distributions Cumulative. Distributions on the Series G H Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G H Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Preferred Unit Distribution Payment Date to holders of record of the Series G H Preferred Units on the record date fixed by the Partnership acting through the General Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 3 contracts

Samples: Agreement (Cabot Industrial Properties Lp), Agreement (Cabot Industrial Properties Lp), Cabot Industrial Trust

Distributions Cumulative. Distributions on the Series G E Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G E Preferred Units will accumulate as of the Series E Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series E Preferred Unit Distribution Payment Date to holders of record of the Series G E Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 3 contracts

Samples: Agreement (Cabot Industrial Properties Lp), Agreement (Cabot Industrial Properties Lp), Cabot Industrial Properties Lp

Distributions Cumulative. Distributions on the Series G A-1 Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G A-1 Preferred Units will accumulate as of the Series A-1 Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A-1 Preferred Unit Distribution Payment Date to holders of record of the Series G A-1 Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 3 contracts

Samples: Sun Communities Inc, Agreement (Sun Communities Inc), Sun Communities Inc

Distributions Cumulative. Distributions Notwithstanding the foregoing, distributions on the Series G B Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but by unpaid distributions on the Series G B Preferred Units will accumulate as of the Series B Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series B Preferred Unit Distribution Payment Date Date, to holders of record of the Series G B Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) 15 Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 2 contracts

Samples: Jp Realty Inc, Price Development Co Lp

Distributions Cumulative. Distributions on the Series G X Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G X Preferred Units will accumulate as of the Series X Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series X Preferred Unit Distribution Payment Date Date, to holders of record of the Series G X Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series G I Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G I Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Preferred Unit Distribution Payment Date to holders of record of the Series G I Preferred Units on the record date fixed by the Partnership acting through the General Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Contribution Agreement (Liberty Property Limited Partnership)

Distributions Cumulative. Distributions Distribution on the Series G C Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G C Preferred Units will accumulate as of the Series C Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Preferred Series C preferred Unit Distribution Payment Date to holders of record of the Series G C Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) be more than 15 Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Jp Realty Inc

Distributions Cumulative. Distributions on the Series G A Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G A Preferred Units will accumulate as of the Series A Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A Preferred Unit Distribution Payment Date to holders of record of the Series G A Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) be more than 15 Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Price Development Co Lp

Distributions Cumulative. Distributions on the Series G Y Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G Y Preferred Units will accumulate as of the Series Y Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series Y Preferred Unit Distribution Payment Date Date, to holders of record of the Series G Y Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.. 

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series G Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Preferred Unit Distribution Payment Date to holders of record of the Series G Preferred Units on the record date fixed by the Partnership acting through the General Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Liberty Property Trust

Distributions Cumulative. Distributions on the Series G C Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G C Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Preferred Unit Distribution Payment Date to holders of record of the Series G C Preferred Units on the record date fixed by the Partnership acting through the General Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Cabot Industrial Trust

Distributions Cumulative. Distributions on the Series G A Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G A Preferred Units will accumulate as of the Series A Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series A Preferred Unit Distribution Payment Date to holders of record of the Series G A Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Sun Communities Inc

Distributions Cumulative. Distributions on the Series G F Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G F Preferred Units will accumulate as of the Series F Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series F Preferred Unit Distribution Payment Date to holders of record of the Series G F Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Ps Business Parks Inc/Ca

Distributions Cumulative. Distributions on the Series G Preferred ------------------------ Units will accrue accrue, whether or not declared, whether or not the terms and provisions of any agreement of the PartnershipPartnership or the General Partner, including any agreement relating to its indebtedness, indebtedness at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G Preferred Units will accumulate as of the Series G Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series G Preferred Unit Distribution Payment Date to holders of record of the Series G Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series G B Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G B Preferred Units will accumulate as of the Series B Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series B Preferred Unit Distribution Payment Date to holders of record of the Series G B Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Sun Communities Inc

Distributions Cumulative. Distributions on the Series G D Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G D Preferred Units will accumulate as of the Series D Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series D Preferred Unit Distribution Payment Date to holders of record of the Series G D Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Ps Business Parks Inc/Ca

Distributions Cumulative. Distributions on the Series G T Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G T Preferred Units will accumulate as of the Series T Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series T Preferred Unit Distribution Payment Date Date, to holders of record of the Series G T Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Ps Business Parks Inc/Ca

Distributions Cumulative. Distributions on the Series G H Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G H Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Preferred Unit Distribution Payment Date to holders of record of the Series G H Preferred Units on the record date fixed by the Partnership acting through the General Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Liberty Property Limited Partnership

Distributions Cumulative. Distributions on the Series G F Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G F Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Preferred Unit Distribution Payment Date to holders of record of the Series G F Preferred Units on the record date fixed by the Partnership acting through the General Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Liberty Property Limited Partnership

Distributions Cumulative. Distributions on the Series G U Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G U Preferred Units will accumulate as of the Series U Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series U Preferred Unit Distribution Payment Date Date, to holders of record of the Series G U Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series G C Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G C Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Preferred Unit Distribution Payment Date to holders of record of the Series G C Preferred Units on the record date fixed by the Partnership acting through the General Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Liberty Property Limited Partnership

Distributions Cumulative. Distributions on the Series G B Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G B Preferred Units will accumulate as of the Series B Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series B Preferred Unit Distribution Payment Date to holders of record of the Series G B Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen thirty (1530) Business Days days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Heritage Property Investment Trust Inc

AutoNDA by SimpleDocs

Distributions Cumulative. Distributions on the Series G N Preferred ------------------------ Units will accrue accrue, whether or not declared, whether or not the terms and provisions of any agreement of the PartnershipPartnership or the General Partner, including any agreement relating to its indebtedness, indebtedness at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G N Preferred Units will accumulate as of the Series N Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series N Preferred Unit Distribution Payment Date to holders of record of the Series G N Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series G B-3 Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G B-3 Preferred Units will accumulate as of the Series B-3 Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series B-3 Preferred Unit Distribution Payment Date to holders of record of the Series G B-3 Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Agreement (Sun Communities Inc)

Distributions Cumulative. Distributions on the Series G E Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G E Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Preferred Unit Distribution Payment Date to holders of record of the Series G E Preferred Units on the record date fixed by the Partnership acting through the General Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Liberty Property Trust

Distributions Cumulative. Distributions on the Series G O Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G O Preferred Units will accumulate as of the Series O Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series O Preferred Unit Distribution Payment Date Date, to holders of record of the Series G O Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series G M Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G M Preferred Units will accumulate as of the Series M Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series M Preferred Unit Distribution Payment Date Date, to holders of record of the Series G M Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series G B Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G B Preferred Units will accumulate as of the Series B Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series B Preferred Unit Distribution Payment Date to holders of record of the Series G B Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Camden Property Trust

Distributions Cumulative. Distributions on the Series G W Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G W Preferred Units will accumulate as of the Series W Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series W Preferred Unit Distribution Payment Date Date, to holders of record of the Series G W Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series G B Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G B Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Preferred Unit Distribution Payment Date to holders of record of the Series G B Preferred Units on the record date fixed by the Partnership acting through the General Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Liberty Property Limited Partnership

Distributions Cumulative. Distributions on the Series G D Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G D Preferred Units will accumulate as of the Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Preferred Unit Distribution Payment Date to holders of record of the Series G D Preferred Units on the record date fixed by the Partnership acting through the General Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Liberty Property Limited Partnership

Distributions Cumulative. Distributions on the Series G E Preferred ------------------------ Units will accrue accrue, whether or not declared, whether or not the terms and provisions of any agreement of the PartnershipPartnership or the General Partner, including any agreement relating to its indebtedness, indebtedness at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G E Preferred Units will accumulate as of the Series E Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series E Preferred Unit Distribution Payment Date to holders of record of the Series G E Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Ps Business Parks Inc/Ca

Distributions Cumulative. Distributions on the Series G T Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G T Preferred Units will accumulate as of the Series T Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series T Preferred Unit Distribution Payment Date to holders of record of the Series G T Preferred Units on the record date fixed by the Partnership acting through the General Partner, which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Prologis, L.P.

Distributions Cumulative. Distributions on the Series G D Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the declaration, setting aside for payment or current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G D Preferred Units will accumulate as of the Series D Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series D Preferred Unit Distribution Payment Date to holders Holders of record of the Series G D Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Kilroy Realty Corp

Distributions Cumulative. Distributions on the Series G Z Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G Z Preferred Units will accumulate as of the Series Z Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series Z Preferred Unit Distribution Payment Date Date, to holders of record of the Series G Z Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Redemption Agreement (Ps Business Parks Inc/Ca)

Distributions Cumulative. Distributions on the Series G C Preferred ------------------------ Units will accrue accrue, whether or not declared, whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, indebtedness at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G C Preferred Units will accumulate as of the Series C Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series C Preferred Unit Distribution Payment Date to holders of record of the Series G C Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Ps Business Parks Inc/Ca

Distributions Cumulative. Distributions on the Series G C Preferred ------------------------ Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, Indebtedness at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such of such distributions and whether or not such distributions are authorized. Accrued but unpaid distributions on the Series G C Preferred Units will accumulate as of the Series C Preferred Unit Distribution Payment Date on which they first become payable. Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series C Preferred Unit Distribution Payment Date to holders of record of the Series G C Preferred Units on the record date fixed by the Partnership acting through the General Partner, Partner which date shall not exceed fifteen (15) Business Days prior to the payment date. Accumulated and unpaid distributions will not bear interest.

Appears in 1 contract

Samples: Camden Property Trust

Time is Money Join Law Insider Premium to draft better contracts faster.