Examples of Partnership Preferred Unit in a sentence
Each Partnership Preferred Unit that is issued and outstanding immediately prior to the Partnership Merger Effective Time shall automatically be converted into one (1) new validly issued New Preferred OP Unit (the “Partnership Merger Preferred Consideration”), and each holder of Partnership Preferred Units shall be admitted as a limited partner of Parent OP following the Partnership Merger Effective Time in accordance with the terms of the Parent Partnership Agreement.
If, at any time, any Preferred Shares are redeemed (whether by exercise of a put or call, automatically or by means of another arrangement) by the General Partner for cash, the Partnership shall, immediately prior to such redemption of Preferred Shares, redeem an equal number of Partnership Preferred Units held by the General Partner, upon the same terms and for the same price per Partnership Preferred Unit, as such Preferred Shares are redeemed.
Maintain professional competence and continuous improvement through in-service education activities and other professional growth activities.
Mr. Oyewo explained that he was involved in the preparation of the final account in that he had to define the scope of works (although there was a reduction of the scope of works in order to finish the project) that was completed.
Each Partnership Preferred Unit issued and outstandingimmediately prior to the Effective Time will be unaffected by the Merger and shall be unchanged and remain outstanding, and no consideration shall be delivered in respect thereof.