Common use of Liquidation Rights Clause in Contracts

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 of the Agreement, the Series 17 Holders shall be entitled to receive the Series 17 Liquidation Preference per Series 17 Preferred Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentence, the Series 17 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 3 contracts

Sources: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement (Brookfield Renewable Partners L.P.), Limited Partnership Agreement

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 17.3 of the this Agreement, the Series 17 14 Holders shall be entitled to receive the Series 17 14 Liquidation Preference per Series 17 Preferred 14 Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 14 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentencesuch amounts, the Series 17 14 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 13.3 of the Agreement, the Series 17 1 Holders shall be entitled to receive the Series 17 1 Liquidation Preference per Series 17 1 Preferred Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 1 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 1 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentence, the Series 17 1 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Brookfield Property Partners L.P.), Limited Partnership Agreement

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 13.3 of the Agreement, the Series 17 2 Holders shall be entitled to receive the Series 17 2 Liquidation Preference per Series 17 2 Preferred Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 2 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 2 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentence, the Series 17 2 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Brookfield Property Partners L.P.), Limited Partnership Agreement

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 16.2 of the this Agreement, the Series 17 7 Holders shall be entitled to receive the Series 17 7 Liquidation Preference per Series 17 Preferred 7 Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 7 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentencesuch amounts, the Series 17 7 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Brookfield Property Partners L.P.), Limited Partnership Agreement

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 13.3 of the Agreement, the Series 17 3 Holders shall be entitled to receive the Series 17 3 Liquidation Preference per Series 17 3 Preferred Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 3 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 3 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentence, the Series 17 3 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Brookfield Property Partners L.P.), Limited Partnership Agreement

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 of the Agreement, the Series 17 13 Holders shall be entitled to receive the Series 17 13 Liquidation Preference per Series 17 13 Preferred Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 13 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 13 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentence, the Series 17 13 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 of the Agreement, the Series 17 14 Holders shall be entitled to receive the Series 17 14 Liquidation Preference per Series 17 14 Preferred Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 14 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 14 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentence, the Series 17 14 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 16.2 of the Agreement, the Series 17 5 Holders shall be entitled to receive the Series 17 5 Liquidation Preference per Series 17 Preferred 5 Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 5 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentencesuch amounts, the Series 17 5 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Brookfield Property Partners L.P.), Limited Partnership Agreement

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 17.3 of the Agreement, the Series 17 15 Holders shall be entitled to receive the Series 17 15 Liquidation Preference per Series 17 Preferred 15 Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 15 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentencesuch amounts, the Series 17 15 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 of the Agreement, the Series 17 15 Holders shall be entitled to receive the Series 17 15 Liquidation Preference per Series 17 15 Preferred Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 15 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 15 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentence, the Series 17 15 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 12.3 of the this Agreement, the Series 17 1 Holders shall be entitled to receive the Series 17 1 Liquidation Preference per Series 17 1 Preferred Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 1 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 1 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentence, the Series 17 1 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Brookfield Property Partners L.P.), Limited Partnership Agreement (BPY Bermuda Holdings IV LTD)

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 17.3 of the this Agreement, the Series 17 13 Holders shall be entitled to receive the Series 17 13 Liquidation Preference per Series 17 Preferred 13 Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 13 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentencesuch amounts, the Series 17 13 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 16.2 of the this Agreement, the Series 17 Holders shall be entitled to receive the Series 17 Liquidation Preference per Series 17 Preferred Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentencesuch amounts, the Series 17 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (Brookfield Renewable Partners L.P.)

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 of the Agreement, the Series 17 16 Holders shall be entitled to receive the Series 17 16 Liquidation Preference per Series 17 16 Preferred Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 16 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 16 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentence, the Series 17 16 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.)

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 17.3 of the Agreement, the Series 17 18 Holders shall be entitled to receive the Series 17 18 Liquidation Preference per Series 17 Preferred 18 Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 18 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentencesuch amounts, the Series 17 18 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.)

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 of the Agreement, the Series 17 18 Holders shall be entitled to receive the Series 17 18 Liquidation Preference per Series 17 18 Preferred Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 18 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 18 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentence, the Series 17 18 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.)

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 17.3 of the Agreement, the Series 17 16 Holders shall be entitled to receive the Series 17 16 Liquidation Preference per Series 17 Preferred 16 Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 16 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentencesuch amounts, the Series 17 16 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.)

Liquidation Rights. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section 13.2 17.3 of the Agreement, the Series 17 Holders shall be entitled to receive the Series 17 Liquidation Preference per Series 17 Preferred Unit held by them, together with all accrued (whether or not declared) and unpaid Series 17 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 17 Junior Securities. Upon payment of the amounts set forth in the immediately preceding sentencesuch amounts, the Series 17 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.)