Series A Preference Units definition

Series A Preference Units means Series A Preference Units as defined in the Partnership Agreement.

Series A Preference Units means the Common Units issued to each holder of Series A Preferred Units pursuant to Section 5.1(a)(ii) of the Second A&R Agreement. The Series A Preference Units issued to each such holder of Series A Preferred Units are set forth on Schedule C hereto opposite each such holder’s name under the column titled “Series A Preference Units”.

Examples of Series A Preference Units in a sentence

• On May 15, 2017, the Board of Directors designated and created a series of Preference Units designated as “8.625% Series A Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units,” and fixed the preferences, rights, powers and duties of the holders of the Series A Preference Units as set forth in this Article XVI.

• The Series A Preference Units shall not have the benefit of any sinking fund.

• All notices or communications in respect of the Series A Preference Units shall be sufficiently given if given in writing and delivered in person or by first class mail, postage prepaid, or if given in such other manner as may be permitted in this Article XVI, this Agreement or by applicable law.

• The Series A Preference 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.

• The Series A Preference Units shall not have any voting powers, preferences or relative, participating, optional or other special rights, or qualifications, limitations or restrictions thereof, other than as set forth in this Article XVI or as provided by applicable law.

• To the fullest extent permitted by applicable law, the General Partner, Partnership, the Transfer Agent and the Paying Agent may deem and treat any Series A Holder as the true, lawful and absolute owner of the applicable Series A Preference Units for all purposes, and neither the General Partner, the Partnership nor the Transfer Agent or the Paying Agent shall be affected by any notice to the contrary.

• The Partnership shall have the right at any time, and from time to time, on or after June 15, 2027 to redeem the Series A Preference Units, in whole or in part, from any source of funds legally available for such purpose.

• Series A Preference Units that are purchased or otherwise acquired by the Partnership shall be cancelled.

• The payment of the Series A Liquidation Preference shall be a payment in redemption of the Series A Preference Units such that, from and after payment of the full Series A Liquidation Preference, any such Series A Preference Unit shall thereafter be cancelled and no longer be Outstanding.

• THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15 (Signature) (Signature) No transfer of the Series A Preference Units evidenced hereby will be registered on the books of the Partnership, unless the Certificate evidencing the Series A Preference Units to be transferred is surrendered for registration or transfer.