Series B Preferred Mirror Units definition

Series B Preferred Mirror Units means the Class of Preferred Units designated as “6.50% Series B Preferred Mirror Units” pursuant to Section 12.01.

Series B Preferred Mirror Units has the meaning set forth in Section 7.01.

Series B Preferred Mirror Units has the meaning set forth in Section 7.01. “Similar Law” means any state, local, non-U.S. or other laws or regulations that would cause the underlying assets of the Partnership to be treated as assets of an investing entity by virtue of its investment (or any beneficial interest) in the Partnership and thereby subject the Partnership, the General Partner or, OCGH or OEP (or other Persons responsible for the investment and operation of the Partnership’s assets) to laws or

Examples of Series B Preferred Mirror Units in a sentence

• The Series B Preferred Mirror Units are hereby designated and created as a series of Preferred Units.

• No distributions shall be made with respect to the Series B Preferred Mirror Units except as permitted under Article XII.

• The Capital Account balance of each holder of Series B Preferred Mirror Units with respect to each Series B Preferred Mirror Unit shall equal the Liquidation Preference per Series B Preferred Mirror Unit as of the date such Series B Preferred Mirror Unit is initially issued and shall be increased as set forth in Article XII.

• Distributions payable on the Series B Preferred Mirror Units for any period less than a full Distribution Period shall be computed on the basis of a 360-day year consisting of twelve 30-day months.

• The terms, rights, powers, preferences and duties of the Series A Preferred Mirror Units and the Series B Preferred Mirror Units are as set forth in Article XI and Article XII, respectively.

• The Partners have made, on or prior to the date hereof, Capital Contributions and have acquired the number of Class A Units, Series A Preferred Mirror Units and/or Series B Preferred Mirror Units as specified in the books and records of the Partnership.

• As of the date of this Agreement, the Units are comprised of three Classes: Class A Units, Series A Preferred Mirror Units and Series B Preferred Mirror Units.

• For the avoidance of doubt, and without limitation of the foregoing, no distributions pursuant to Section 4.01, including Tax Distributions, shall be made with respect to the Series B Preferred Mirror Units.

• Notwithstanding any provision in this Agreement or the Act to the contrary, the Series B Preferred Mirror Units shall not have any relative, participating, optional or other voting, consent or approval rights or powers, and the vote, consent or approval of the Series B Holders shall not be required for the taking of any Partnership action or inaction.

• The General Partner may cause the Partnership to, from time to time, without notice to or consent of the Series B Holders or holders of other Parity Units, issue additional Series B Preferred Mirror Units.