Series B Preferred Unit definition

Series B Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

Series B Preferred Unit means a 6.550% Series B Preferred Unit having the designations, rights, powers and preferences set forth in Article II of this Unit Designation.

Series B Preferred Unit means a Unit in the Company that is a Preferred Unit designated as a “Series B Preferred Unit.”

Examples of Series B Preferred Unit in a sentence

• In addition, for each Series B Preferred Unit that is exchanged into an ENLC common unit, an ENLC Class C Common Unit will be canceled.

• For each additional Series B Preferred Unit issued by ENLK in quarterly in-kind distributions, ENLC will issue an additional ENLC Class C Common Unit to the applicable holder of such Series B Preferred Unit.

• In connection with the Series B Preferred Unit redemption, we have agreed with the holders of the Series B Preferred Units that we will pay cash in lieu of making a quarterly PIK distribution through the distribution declared for the fourth quarter of 2022.

• The Decision 15.The tribunal determined that these three requirements for validity were met.

• Each Series B Preferred Unit shall be identical in all respects to every other Series B Preferred Unit, except as to the respective dates from which the Series B Preferred Liquidation Preference shall increase or from which Series B Preferred Distributions may begin accruing, to the extent such dates may differ.

More Definitions of Series B Preferred Unit

Series B Preferred Unit means a Partnership Unit which is designated by the General Partner as a Series B Preferred Unit of the Partnership.

Series B Preferred Unit means a Unit having the rights described in Section 3.4(i).

Series B Preferred Unit has the meaning set forth in the Partnership Agreement.

Series B Preferred Unit means a Partnership Unit issued by the Partnership to the General Partner in consideration of the contribution by the General Partner to the Partnership of the entire net proceeds received by the General Partner from the issuance of the 8.25% Series B Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share), par value $0.01 per share, issued by the General Partner. The Series B Preferred Units are Partnership Preferred Units. The Series B Preferred Units have the preferences, conversion and other rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of redemption as are set forth in Exhibit H to the Agreement.

Series B Preferred Unit means a Unit in the Company that is a Preferred Unit (as defined in the Operating Agreement) designated as a “Series B Preferred Unit” pursuant to the terms of the Operating Agreement.

Series B Preferred Unit means a Series B Perpetual Convertible Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVII and including PIK Units. A Series B Preferred Unit that is convertible into a Common Unit shall not constitute a Common Unit until such conversion occurs.

Series B Preferred Unit has the meaning assigned to such term in Section 5.15(a).