Series A Preferred Units definition
Examples of Series A Preferred Units in a sentence
Assuming the Parent exercises its option to deliver the Series A Preferred REIT Shares Amount, the Parent shall contribute the Tendered Series A Preferred Units to the Parent Limited Partner.
The ownership of Series A Preferred Units shall be evidenced by certificates.
Each Holder of Series A Preferred Units further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Tendered Series A Preferred Units to the General Partner (or its designee), such Holder of Series A Preferred Units shall assume and pay such transfer tax.
In addition, the REIT Shares for which the Series A Preferred Units might be exchanged shall also bear a legend in substantially the form set forth in Section 8.6.C.
To the extent any attempted Series A Preferred Redemption or exchange for REIT Shares would be in violation of this Section 16.4.E, it shall be null and void ab initio and such Holder of Series A Preferred Units shall not acquire any rights or economic interest in the cash otherwise payable upon such Series A Preferred Redemption or the REIT Shares otherwise issuable upon such exchange.