Series P Preferred Units definition

Series P Preferred Units means the Partnership’s 6.85% Series P Cumulative Redeemable Partnership Units.

Series P Preferred Units means the Series P Preferred Units of beneficial interest of the Operating Trust to be issued in connection with the Operating Trust Merger, the rights and terms of which are described in Exhibit B.

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

Examples of Series P Preferred Units in a sentence

• The acquisition of any Series P Preferred Units by any person that is not a legal resident of the United States of America, whether or not in accordance with Section 2.I above, shall be void ab initio.

• In addition to the restrictions set forth in Section 11.03 of the Partnership Agreement, except as set forth in section 2.F above, a holder of the Series P Preferred Units may not Transfer any of the Series P Preferred Units without the consent of the Managing General Partner, which consent may be withheld in the Managing General Partner’s sole discretion.

• The Series P Preferred Units were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”).The foregoing description of the Nineteenth Amendment is qualified in its entirety by reference to the Nineteenth Amendment, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.

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

• Ordering food from the warehouses will be contracted out for the warehouses to handle and have them use their own system.

• Distributions on the Series P Preferred Units shall accrue and be fully cumulative from the date of original issuance and shall be payable quarterly when, as and if authorized by the Managing General Partner, in equal amounts in arrears on the fifteenth day of each January, April, July and October or, if not a business day, the next succeeding business day (each, a “ Series P Preferred Unit Distribution Payment Date”).

• The Series P Preferred Units are not convertible into or exchangeable for any other property or securities of the Partnership or the Company.

• The term “Transfer” as used in this section 2.I or Article XI of the Partnership Agreement shall not include any repurchase of the Series P Preferred Units by the Partnership.

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

• Allocations of the Partnership’s items of income, gain, loss and deduction shall be allocated among holders of Series P Preferred Units in accordance with Article VI of the Partnership Agreement.

More Definitions of Series P Preferred Units

Series P Preferred Units means Partnership Units so designated by the General Partner and reserved for future issuance in connection with the partnership units of MACWH, L.P.

Series P Preferred Units means the series of Partnership Units established pursuant to the Nineteenth to this Partnership Agreement, representing units of Limited Partnership Interest designated as the Series P Preferred Units, with the preferences, rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of repurchase as described herein. 2. In accordance with Section 4.02A of the Partnership Agreement, set forth below are the terms and conditions of the Series P Preferred Units hereby established:

Series P Preferred Units means the Partnership’s 6.85% Series P Cumulative Redeemable Partnership Units. “Series P Preferred Unit Distribution Payment Date” shall have the meaning set forth in Section 23.3.A hereof.

Series P Preferred Units means the Partnership Units issued pursuant to Section 2.2(g) of this Agreement, the terms of which are set forth in Exhibit C to this [Tenth] Amendment to this Agreement.

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