Series A-3 Preferred Units definition

Series A-3 Preferred Units means the Series A-3 Preferred Units issued to the Holdings Member as set forth on Exhibit A as of the Effective Date and any other Units issued after the Effective Date and designated as Series A-3 Preferred Units.

Series A-3 Preferred Units has the meaning set forth in Section 20.2.

Series A-3 Preferred Units is hereby established. The number of authorized Series A-3 Preferred Units shall be 40,267.50.

Examples of Series A-3 Preferred Units in a sentence

• Any distribution payable on the Series A-3 Preferred Units for a period that is shorter or longer than 90 days will be computed on the basis of a 360-day year consisting of twelve 30-day months.

• No interest, or sum in lieu of interest, will be payable in respect of any distribution payment or payments on Series A-3 Preferred Units which may be in arrears, and the holders of the Series A-3 Preferred Units will not be entitled to any distributions, whether payable in cash, securities or other property, in excess of full cumulative distributions described above.

• On the Series A-3 Preferred Unit Distribution Payment Date next following each the Series A-3 Exchange Date, the holders of Series A-3 Preferred Units, which exchanged on such date shall be entitled to Series A-3 Priority Return in an amount equal to a prorated portion of the Series A-3 Priority Return based on the number of days elapsed from the prior Series A-3 Preferred Unit Distribution Payment Date through, but not including, the Series A-3 Exchange Date.

• Holders of the Series A-3 Preferred Units will not have any voting rights or right to consent to any matter requiring the consent or approval of the Limited Partners.

• The holders of the exchanged Series A-3 Preferred Units shall be deemed to have surrendered the same to the General Partner, and the General Partner shall be deemed to have issued shares of common stock of the General Partner at the close of business on the Series A-3 Exchange Date.

• After payment of the full amount of the liquidating distributions to which it is entitled, the holders of Series A-3 Preferred Units will have no right or claim to any of the remaining assets of the Partnership.

• Any distribution payment made on the Series A-3 Preferred Units will first be credited against the earliest accrued but unpaid distribution due with respect to the Series A-3 Preferred Units.

• Reflects change in allocation of net income to non-controlling partner as a result of the issuance of Series A-3 Preferred Units.

• The Series A-3 Preferred Units shall be subject to the provisions of Article 11 of the Agreement.

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More Definitions of Series A-3 Preferred Units

Series A-3 Preferred Units means those Series A-3 Preferred Units representing preferred limited partnership interests in the Partnership which are held by the Initial Holders as of the date hereof and are set forth on Exhibit A hereto.

Series A-3 Preferred Units means a class of preferred units in Reorganized Holdings with a third priority liquidation preference equal to the amount of Term Loan obligations (including the Term Loan Upfront Fee, the Term Loan Expenses, and accrued unpaid interest through the Effective Date, whether or not Allowed in the Chapter 11 Cases) after