Payment of Distributions in Connection with Redemption. Immediately prior to any redemption of Series B Preferred Units, the Partnership shall pay, in cash, any accumulated and unpaid distributions through the redemption date, unless a redemption date falls after a Distribution Record Date and prior to the corresponding Distribution Payment Date, in which case each holder of Series B Preferred Units at the close of business on such Distribution Record Date shall be entitled to the distribution payable on such units on the corresponding Distribution Payment Date notwithstanding the redemption of such units before such Distribution Payment Date. Except as provided above, the Partnership will make no payment or allowance for unpaid distributions, whether or not in arrears, on Series B Preferred Units which are redeemed.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Gables Residential Trust), Limited Partnership Agreement (Gables Realty Limited Partnership), Limited Partnership Agreement (Gables Realty Limited Partnership)
Payment of Distributions in Connection with Redemption. Immediately prior to any redemption of Series B A Preferred Partnership Units, the Partnership shall pay, in cash, any accumulated and unpaid distributions through the redemption date, unless a redemption date falls after a Distribution Record Date and prior to the corresponding Distribution Payment Date, in which case each holder of Series B A Preferred Partnership Units at the close of business on such Distribution Record Date shall be entitled to the distribution payable on such units on the corresponding Distribution Payment Date notwithstanding the redemption of such units before such Distribution Payment Date. Except as provided above, the Partnership will make no payment or allowance for unpaid distributions, whether or not in arrears, on Series B A Preferred Partnership Units which are redeemed.
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Hersha Hospitality Trust), Agreement of Limited Partnership (Hersha Hospitality Trust)
Payment of Distributions in Connection with Redemption. Immediately prior to any redemption of Series B Preferred Partnership Units, the Partnership shall pay, in cash, any accumulated and unpaid distributions through the redemption date, unless a redemption date falls after a Distribution Record Date and prior to the corresponding Distribution Payment Date, in which case each holder of Series B Preferred Partnership Units at the close of business on such Distribution Record Date shall be entitled to the distribution payable on such units on the corresponding Distribution Payment Date notwithstanding the redemption of such units before such Distribution Payment Date. Except as provided above, the Partnership will make no payment or allowance for unpaid distributions, whether or not in arrears, on Series B Preferred Partnership Units which are redeemed.
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Hersha Hospitality Trust), Agreement of Limited Partnership (Hersha Hospitality Trust)
Payment of Distributions in Connection with Redemption. Immediately prior to any redemption of Series B E Preferred Partnership Units, the Partnership shall pay, in cash, any accumulated and unpaid distributions through the redemption date, unless a redemption date falls after a Distribution Record Date and prior to the corresponding Distribution Payment Date, in which case each holder of Series B E Preferred Partnership Units at the close of business on such Distribution Record Date shall be entitled to the distribution payable on such units on the corresponding Distribution Payment Date notwithstanding the redemption of such units before such Distribution Payment Date. Except as provided above, the Partnership will make no payment or allowance for unpaid distributions, whether or not in arrears, on Series B E Preferred Partnership Units which are redeemed.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Hersha Hospitality Trust)
Payment of Distributions in Connection with Redemption. Immediately prior to any redemption of Series B C Preferred Partnership Units, the Partnership shall pay, in cash, any accumulated and unpaid distributions through the redemption date, unless a redemption date falls after a Distribution Record Date and prior to the corresponding Distribution Payment Date, in which case each holder of Series B C Preferred Partnership Units at the close of business on such Distribution Record Date shall be entitled to the distribution payable on such units on the corresponding Distribution Payment Date notwithstanding the redemption of such units before such Distribution Payment Date. Except as provided above, the Partnership will make no payment or allowance for unpaid distributions, whether or not in arrears, on Series B C Preferred Partnership Units which are redeemed.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Hersha Hospitality Trust)
Payment of Distributions in Connection with Redemption. Immediately prior to any redemption of Series B D Preferred Partnership Units, the Partnership shall pay, in cash, any accumulated and unpaid distributions through the redemption date, unless a redemption date falls after a Distribution Record Date and prior to the corresponding Distribution Payment Date, in which case each holder of Series B D Preferred Partnership Units at the close of business on such Distribution Record Date shall be entitled to the distribution payable on such units on the corresponding Distribution Payment Date notwithstanding the redemption of such units before such Distribution Payment Date. Except as provided above, the Partnership will make no payment or allowance for unpaid distributions, whether or not in arrears, on Series B D Preferred Partnership Units which are redeemed.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Hersha Hospitality Trust)
Payment of Distributions in Connection with Redemption. Immediately ------------------------------------------------------ prior to any redemption of Series B Preferred Units, the Partnership shall pay, in cash, any accumulated and unpaid distributions through the redemption date, unless a redemption date falls after a Distribution the Partnership Record Date and prior to the corresponding Distribution Payment Datedistribution payment date, in which case each holder of Series B Preferred Units at the close of business on such Distribution Partnership Record Date shall be entitled to the distribution payable on such units Units on the corresponding Distribution Payment Date distribution payment date notwithstanding the redemption of such units Units before such Distribution Payment Datedistribution payment date. Except as provided above, the Partnership will make no payment or allowance for unpaid distributions, whether or not in arrears, on Series B Preferred Units which are redeemed.
Appears in 1 contract
Samples: Limited Partnership Agreement (Maryland Property Capital Trust Inc)
Payment of Distributions in Connection with Redemption. Immediately prior to any redemption of Series B A Preferred Units, the Partnership shall pay, in cash, any accumulated accrued and unpaid distributions through to, but excluding, the redemption date, unless a redemption date falls after a Distribution Record Date and prior to the corresponding Distribution Payment Date, in which case each holder of Series B A Preferred Units at the close of business on such Distribution Record Date shall be entitled to the distribution payable on such units on the corresponding Distribution Payment Date notwithstanding the redemption of such units before such Distribution Payment Date. Except as provided above, the Partnership will make no payment or allowance for unpaid distributions, whether or not in arrears, on Series B A Preferred Units which are redeemed.
Appears in 1 contract
Samples: Limited Partnership Agreement (Seritage Growth Properties)
Payment of Distributions in Connection with Redemption. Immediately prior to any redemption of 5% Series B A Preferred Units, the Partnership shall pay, in cash, any accumulated and unpaid distributions through the redemption date, unless a redemption date falls after a Distribution Record Date and prior to the corresponding Distribution Payment Date, in which case each holder of 5% Series B A Preferred Units at the close of business on such Distribution Record Date shall be entitled to the distribution payable on such units on the corresponding Distribution Payment Date notwithstanding the redemption of such units before such Distribution Payment Date. Except as provided above, the Partnership will make no payment or allowance for unpaid distributions, whether or not in arrears, on 5% Series B A Preferred Units which that are redeemed.
Appears in 1 contract
Samples: Limited Partnership Agreement (Priam Properties Inc.)