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Common use of COMMON OP UNITS Clause in Contracts

COMMON OP UNITS. The holders of the Common OP Units shall be entitled to receive distributions in accordance with Section 4.3, after payment of all accrued (i) Preferred Dividends, (ii) Series A Priority Return and (iii) Series B Priority Return. No distribution shall be made in respect of Common OP Units while any accrued (i) Preferred Dividends, (ii) Series A Priority Return, or (iii) Series B Priority Return remains unpaid unless all such unpaid amounts are paid simultaneously with such distribution."

Appears in 1 contract

Samples: Limited Partnership Agreement (Sun Communities Inc)

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COMMON OP UNITS. The holders of the Common OP Units shall be entitled to receive distributions in accordance with Section 4.3, after payment of all accrued (i) Preferred Dividends, (ii) Series A Priority Return and (iii) Series B Priority Return. No distribution shall be made in respect of Common OP Units while any accrued (i) Preferred Dividends, (ii) Series A Priority Return, or (iii) Series B Priority Return remains Dividends remain unpaid unless all such unpaid amounts accrued Preferred Dividends are paid simultaneously with such distribution."

Appears in 1 contract

Samples: Limited Partnership Agreement (Sun Communities Inc)

COMMON OP UNITS. The holders of the Common OP Units shall be entitled to receive distributions in accordance with Section 4.3, after payment of all accrued (i) Preferred Dividends, (ii) Series A Priority Return and Return, (iii) Series B Priority Return and (iv) Series B-1 Priority Return. No distribution shall be made in respect of Common OP Units while any accrued (i) Preferred Dividends, (ii) Series A Priority Return, or (iii) Series B Priority Return or (iv) Series B-1 Priority Return remains unpaid unless all such unpaid amounts are paid simultaneously with such distribution."

Appears in 1 contract

Samples: Limited Partnership Agreement (Sun Communities Inc)

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COMMON OP UNITS. The holders of the Common OP Units shall be entitled to receive distributions in accordance with Section 4.3, after payment of all accrued (i) Preferred Dividends, and (ii) Series A Priority Return and (iii) Series B Priority Return. No distribution shall be made in respect of Common OP Units while any accrued (i) Preferred Dividends, or (ii) Series A Priority Return, or (iii) Series B Priority Return remains unpaid unless all such unpaid amounts are paid simultaneously with such distribution."

Appears in 1 contract

Samples: Limited Partnership Agreement (Sun Communities Inc)

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