Series M Preferred Units definition

Series M Preferred Units means the Partnership’s 6 3/4% Series M Cumulative Redeemable Partnership Units.

Series M Preferred Units means the series of Partnership Units established pursuant to the Sixteenth Amendment to this Partnership Agreement, representing units of Limited Partnership Interest designated as the Series M Preferred Units, with the preferences, rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of repurchase and conversion as described herein.

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

Examples of Series M Preferred Units in a sentence

• Accrued but unpaid distributions on the Series M Preferred Units will accumulate as of the Series M Preferred Units Distribution Payment Date on which they first become payable.

• Accumulated but unpaid distributions on Series M Preferred Units shall not bear interest and holders of the Series M Preferred Units shall not be entitled to any distributions in excess of full cumulative distributions.

• In the introductory text to section 1852.227–84, the citation ‘‘1827.373(f)’’ is revised to read ‘‘1827.303–70(e)’’.

• A series of Partnership Units, designated as Series M Preferred Units, is hereby established.

• No interest, or sum of money in lieu of interest, shall be payable in respect of any distribution payment or payments on the Series M Preferred Units which may be in arrears.

• After payment of the full amount of the Series M Liquidation Value, the holders of the Series M Preferred Units, shall have no right or claim to any of the remaining assets of the Partnership.

• Any distribution payment made on the Series M Preferred Units shall first be credited against the earliest accumulated but unpaid distribution due with respect to such units which remains payable.

• Notwithstanding the foregoing, distributions with respect to the Series M Preferred Units shall accumulate whether or not any of the foregoing restrictions exist, whether or not there is sufficient Available Cash for the payment thereof and whether or not such distributions are authorized.

• Any distribution (including the initial distribution) payable on the Series M Preferred Units for any partial distribution period shall be prorated and computed on the basis of a 360-day year consisting of twelve 30-day months.

• Except as required by applicable law, the Series M Preferred Units shall have no voting rights, except that no amendmentof the Partnership Agreement shall be made that materially adversely affects the rights of the holders of Series M Preferred Units without the consent of a majority of such holders (unless all holders of Partnership Interests are materially adversely affected to the same degree).

More Definitions of Series M Preferred Units

Series M Preferred Units means the Partnership’s 6 3/4% Series M Cumulative Redeemable Partnership Units. “Series M Preferred Unit Distribution Payment Date” shall have the meaning set forth in Section 21.3.A hereof.