Common use of Payments of Distribution Clause in Contracts

Payments of Distribution. Subject to the rights of holders of Parity Preferred Units (including Series J Preferred Units, Series K Preferred Units and Series L Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A, Section 19.3.A and Section 20.3.A hereof, the General Partner, as holder of the Series M Preferred Units, will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series M Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of a redemption of Series M Preferred Units, on the redemption date (each a "Series M Preferred Unit Distribution Payment Date"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series M Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date.

Payments of Distribution. Subject to the rights of holders of Parity Preferred Units (including Series J B Preferred Units, Series K J Preferred Units and Series L K Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A17.3.A, Section 19.3.A 18.3.A and Section 20.3.A 19.3.A hereof, the General Partner, as holder of the Series M L Preferred Units, will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series M L Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of a redemption of Series M L Preferred Units, on the redemption date (each a "Series M L Preferred Unit Distribution Payment Date"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series M L Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date.

Payments of Distribution. Subject to the rights of holders of Parity Preferred Units (including Series J Preferred Units, Series K Preferred Units and Series L M Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A, Section 19.3.A and Section 20.3.A 21.3.A hereof, the General Partner, as holder of the Series M L Preferred Units, will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series M L Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of a redemption of Series M L Preferred Units, on the redemption date (each a "Series M L Preferred Unit Distribution Payment Date"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series M L Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date.

Payments of Distribution. Subject to the rights of holders of Parity Preferred Units (including Series J B Preferred Units, Series K J Preferred Units and Series L K Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A17.3.A, Section 19.3.A 18.3.A and Section 20.3.A 19.3.A hereof, the General Partner, as holder of the Series M A Preferred Units, will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series M A Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of a redemption of Series M A Preferred Units, on the redemption date (each a "Series M A Preferred Unit Distribution Payment Date"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series M A Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date.