Series I Preferred Units definition

Series I Preferred Units means the Partnership's 8.00% Series I Cumulative Redeemable Partnership Units.

Series I Preferred Units shall have the meaning set forth in Section 24.1.

Series I Preferred Units means Series I Cumulative Redeemable Preferred Units of Beneficial Interest, par value $0.01 per unit, of the Trust.

Examples of Series I Preferred Units in a sentence

• Solely for purposes of allocating Net Income or Net Loss in any Fiscal Year to the Holders of the Series D Preferred Units, the Series E Preferred Units, the Series F Preferred Units, the Series H Preferred Units and the Series I Preferred Units pursuant to Sections 6.2.B.1(c) and (e), and Section 6.2.B.2(b), items of Net Income and Net Loss, as the case may be, shall not include Depreciation with respect to properties that are "ceiling limited" in respect of Preferred Limited Partners.

• The Company also owns 9,200,000 Series I Preferred Units of the Operating Partnership.

• Partners' Capital of the Operating PartnershipThe Company is the sole general partner of the Operating Partnership and at June 30, 2014 owned 95,587,301 general and limited partnership interests in the Operating Partnership and 9,200,000 Series I Preferred Units.

• The initial Capital Account balance in respect of each Incentive Distribution Unit shall be an amount equal to the current Capital Account balance of the General Partner (as reduced by any reallocation of the Capital Account of the General Partner to Class D Units) less an amount equal to 2% of the total positive Capital Account balances of all Partners (excluding Capital Account balances of Partners in respect of Series I Preferred Units).

• Any Series I Preferred Units in respect of which a Change of Control Purchase Notice has been given by the holder thereof may not be converted into Common Units on or after the date of the delivery of such Change of Control Purchase Notice (e) Cancellation of Series I Preferred Units.

More Definitions of Series I Preferred Units

Series I Preferred Units means the series of preferred units of the Partnership designated as Series I Preferred Units having such designations, preferences and other rights described in Schedule G.

Series I Preferred Units has the meaning given such term in Section 5.26(a).

Series I Preferred Units means the series of Units designated as the Series I Preferred Units with the designations, preferences and other rights set forth in Exhibit F hereto.

Series I Preferred Units means the series of Partnership Units representing units of Limited Partnership Interest designated as the 6.375% Series I Cumulative Redeemable Preferred Units (Liquidation Preference $25.00 per share), with the preferences, liquidation and other rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of redemption of units as described herein.

Series I Preferred Units means the series of Partnership Units established pursuant to this Amendment, representing units of Limited Partnership Interest designated as the 6.50% Series I Cumulative Redeemable Preferred Units, with the preferences, rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of redemption of units as described herein; and

Series I Preferred Units has the meaning ascribed to the term “Series I Preferred Units”, in Article 1 of the Borrower’s Fourth Amended and Restated Limited Partnership Agreement, as amended, which class of units was initially created by the Borrower’s Eighth Amendment to the Fourth Amended and Restated Limited Partnership Agreement.

Series I Preferred Units shall be inserted immediately following the definition of “Series H Preferred Units” and shall be defined as follows: