Common use of Designations Clause in Contracts

Designations. On May 15, 2017, the Board of Directors designated and created a series of Preference Units designated as “8.625% Series A Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units,” and fixed the preferences, rights, powers and duties of the holders of the Series A Preference Units as set forth in this Article XVI. Each Series A Preference Unit shall be identical in all respects to every other Series A Preference Unit, except as to the respective dates from which the Series A Liquidation Preference shall increase or from which Series A Distributions may begin accruing, to the extent such dates may differ. The Series A Preference Units represent perpetual equity interests in the Partnership and shall not give rise to a claim by the holder for redemption thereof at a particular date.

Appears in 9 contracts

Samples: Agreement of Limited Partnership (GasLog Partners LP), Limited Partnership Agreement (GasLog Partners LP), Limited Partnership Agreement (GasLog Partners LP)

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Designations. On May 15January 17, 20172018, the Board of Directors designated and created a series of Preference Units designated as “8.6258.200% Series A B Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units,” and fixed the preferences, rights, powers and duties of the holders of the Series A B Preference Units as set forth in this Article XVIXVII. Each Series A B Preference Unit shall be identical in all respects to every other Series A B Preference Unit, except as to the respective dates from which the Series A B Liquidation Preference shall increase or from which Series A B Distributions may begin accruing, to the extent such dates may differ. The Series A B Preference Units represent perpetual equity interests in the Partnership and shall not give rise to a claim by the holder for redemption thereof at a particular date.

Appears in 8 contracts

Samples: Agreement of Limited Partnership (GasLog Partners LP), Limited Partnership Agreement (GasLog Partners LP), Limited Partnership Agreement (GasLog Partners LP)

Designations. On May November 15, 20172018, the Board of Directors designated and created a series of Preference Units designated as “8.6258.500% Series A C Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units,” and fixed the preferences, rights, powers and duties of the holders of the Series A C Preference Units as set forth in this Article XVIXVIII. Each Series A C Preference Unit shall be identical in all respects to every other Series A C Preference Unit, except as to the respective dates from which the Series A C Liquidation Preference shall increase or from which Series A C Distributions may begin accruing, to the extent such dates may differ. The Series A C Preference Units represent perpetual equity interests in the Partnership and shall not give rise to a claim by the holder for redemption thereof at a particular date.

Appears in 7 contracts

Samples: Agreement of Limited Partnership (GasLog Partners LP), Limited Partnership Agreement (GasLog Partners LP), Limited Partnership Agreement (GasLog Partners LP)

Designations. On May 15October 23, 20172018, the Board of Directors designated and created a series of Preference Preferred Units designated as “8.625"8.75% Series A B Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Preferred Units," and fixed the preferences, rights, powers and duties of the holders of the Series A Preference B Preferred Units as set forth in this Article XVIXVII. Each Series A Preference B Preferred Unit shall be identical in all respects to every other Series A Preference B Preferred Unit, except as to the respective dates from which the Series A B Liquidation Preference shall increase or from which Series A B Distributions may begin accruing, to the extent such dates may differ. The Series A Preference B Preferred Units represent perpetual equity interests in the Partnership and shall not give rise to a claim by the holder for redemption thereof at a particular date.

Appears in 1 contract

Samples: Limited Partnership Agreement (Dynagas LNG Partners LP)

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Designations. On May 15June 26, 20172015, the Board of Directors designated and created a series of Preference Preferred Units designated as “8.625"9.0% Series A Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Preferred Units," and fixed the preferences, rights, powers and duties of the holders of the Series A Preference Preferred Units as set forth in this Article XVI. Each Series A Preference Preferred Unit shall be identical in all respects to every other Series A Preference Preferred Unit, except as to the respective dates from which the Series A Liquidation Preference shall increase or from which Series A Distributions may begin accruing, to the extent such dates may differ. The Series A Preference Preferred Units represent perpetual equity interests in the Partnership and shall not give rise to a claim by the holder for redemption thereof at a particular date.

Appears in 1 contract

Samples: Limited Partnership Agreement (Dynagas LNG Partners LP)

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