Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A, Section 20.3.A, Section 21.3.A, Section 22.3A and Section 23.3.A hereof, holders of Series K Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K Preferred Units into Series K Preferred Shares, or (ii) a redemption of Series K Preferred Units, on the exchange date or redemption date, as applicable (each a “Series K Preferred Unit Distribution Payment Date”), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K Preferred Units will be made to the holders of record of the Series K Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Preferred Unit Distribution Payment Date (the “Series K Preferred Unit Partnership Record Date”).
Appears in 2 contracts
Samples: Limited Partnership Agreement (Amb Property Lp), Agreement of Limited Partnership (Amb Property Corp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series B Preferred Units, the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P M Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 17.3.A, Section 18.3.A, Section 20.3.A, Section 21.3.A, Section 22.3A 20.3.A and Section 23.3.A 21.3.A hereof, holders of Series K Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K Preferred Units into Series K Preferred Shares, or (ii) a redemption of Series K Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K Preferred Units will be made to the holders of record of the Series K Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Preferred Unit Distribution Payment Date (the “"Series K Preferred Unit Partnership Record Date”").
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Amb Property Corp), Agreement of Limited Partnership (Amb Property Lp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A17.3A, Section 20.3.A19.3A, Section 21.3.A, Section 21.3A and 22.3A and Section 23.3.A hereof), holders of Series K E Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K E Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K E Preferred Units into Series K E Preferred Shares, or (ii) a redemption of Series K E Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K E Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K E Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K E Preferred Units will be made to the holders of record of the Series K E Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series E Preferred Unit Distribution Payment Date (the “"Series K E Preferred Unit Partnership Record Date”"). For purposes of clarifying the relative distribution priority rights among the Series I Preferred Units, Series H Preferred Units, the Series F Preferred Units, the Series E Preferred Units and the Series D Preferred Units, the payment of distributions with respect to a series of such Preferred Units prior to the payment of distributions with respect to another such series of Preferred Units, solely as a result of the distribution payment dates with respect to a series of Preferred Units occurring on a different date from another series of Preferred Units, shall not be deemed to create a priority in favor of one series of Preferred Units over any other series of Preferred Units.
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Amb Property Lp), Limited Partnership Agreement (Amb Property Corp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L K Preferred Units, the Series M Preferred Units, the Series O L Preferred Units and the Series P M Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A, Section 20.3.A19.3.A, Section 21.3.A, Section 22.3A 20.3.A and Section 23.3.A 21.3.A hereof, holders of Series K B Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K B Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K B Preferred Units into Series K B Preferred Shares, or (ii) a redemption of Series K B Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K B Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K B Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K B Preferred Units will be made to the holders of record of the Series K B Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Preferred Unit Distribution Payment Date (the “"Series K B Preferred Unit Partnership Record Date”").
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Amb Property Lp), Agreement of Limited Partnership (Amb Property Corp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A17.3A, Section 20.3.A18.3A, Section 21.3.A, Section 21.3A and 22.3A and Section 23.3.A hereof), holders of Series K F Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K F Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K F Preferred Units into Series K F Preferred Shares, or (ii) a redemption of Series K F Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K F Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K F Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K F Preferred Units will be made to the holders of record of the Series K F Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series F Preferred Unit Distribution Payment Date (the “"Series K F Preferred Unit Partnership Record Date”"). For purposes of clarifying the relative distribution priority rights among the Series I Preferred Units, Series H Preferred Units, the Series F Preferred Units, the Series E Preferred Units and the Series D Preferred Units, the payment of distributions with respect to a series of such Preferred Units prior to the payment of distributions with respect to another such series of Preferred Units, solely as a result of the distribution payment dates with respect to a series of Preferred Units occurring on a different date from another series of Preferred Units, shall not be deemed to create a priority in favor of one series of Preferred Units over any other series of Preferred Units.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Amb Property Corp), Agreement of Limited Partnership (Amb Property Lp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P O Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A, Section 20.3.A, Section 21.3.A, Section 22.3A 21.3.A and Section 23.3.A 22.3.A hereof, holders of Series K Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K Preferred Units into Series K Preferred Shares, or (ii) a redemption of Series K Preferred Units, on the exchange date or redemption date, as applicable (each a “Series K Preferred Unit Distribution Payment Date”), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K Preferred Units will be made to the holders of record of the Series K Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Preferred Unit Distribution Payment Date (the “Series K Preferred Unit Partnership Record Date”).
Appears in 2 contracts
Samples: Limited Partnership Agreement (Amb Property Corp), Limited Partnership Agreement (Amb Property Lp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J A Preferred Units, the Series L B Preferred Units, the Series M Preferred Units, the Series O K Preferred Units and the Series P L Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A16.3.A, Section 20.3.A17.3.A, Section 21.3.A, Section 22.3A 19.3.A and Section 23.3.A 20.3.A hereof, holders of Series K J Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K J Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K J Preferred Units into Series K J Preferred Shares, or (ii) a redemption of Series K J Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K J Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K J Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K J Preferred Units will be made to the holders of record of the Series K J Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Preferred Unit Distribution Payment Date (the “"Series K J Preferred Unit Partnership Record Date”").
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Amb Property Lp), Agreement of Limited Partnership (Amb Property Corp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A17.3A, Section 20.3.A18.3A, Section 21.3.A19.3A, Section and 22.3A and Section 23.3.A hereof), holders of Series K H Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K H Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th 25th day of JanuaryMarch, AprilJune, July September and October December of each year and (B) in the event of (i) an exchange of Series K H Preferred Units into Series K H Preferred Shares, or (ii) a redemption of Series K H Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K H Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K H Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K H Preferred Units will be made to the holders of record of the Series K H Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series H Preferred Unit Distribution Payment Date (the “"Series K H Preferred Unit Partnership Record Date”"). For purposes of clarifying the relative distribution priority rights among the Series I Preferred Units, Series H Preferred Units, the Series F Preferred Units, the Series E Preferred Units and the Series D Preferred Units, the payment of distributions with respect to a series of such Preferred Units prior to the payment of distributions with respect to another such series of Preferred Units, solely as a result of the distribution payment dates with respect to a series of Preferred Units occurring on a different date from another series of Preferred Units, shall not be deemed to create a priority in favor of one series of Preferred Units over any other series of Preferred Units.
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Amb Property Lp), Limited Partnership Agreement (Amb Property Corp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J K Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A19.3.A, Section 20.3.A, Section 21.3.A21.3A, Section 22.3A and Section 23.3.A hereof, holders of Series K J Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K J Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K J Preferred Units into Series K J Preferred Shares, or (ii) a redemption of Series K J Preferred Units, on the exchange date or redemption date, as applicable (each a “Series K J Preferred Unit Distribution Payment Date”), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K J Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K J Preferred Units will be made to the holders of record of the Series K J Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Preferred Unit Distribution Payment Date (the “Series K J Preferred Unit Partnership Record Date”).
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Amb Property Corp), Limited Partnership Agreement (Amb Property Lp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J K Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P O Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A19.3.A, Section 20.3.A, Section 21.3.A, Section 22.3A 21.3A and Section 23.3.A 22.3.A hereof, holders of Series K J Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K J Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K J Preferred Units into Series K J Preferred Shares, or (ii) a redemption of Series K J Preferred Units, on the exchange date or redemption date, as applicable (each a “Series K J Preferred Unit Distribution Payment Date”), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K J Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K J Preferred Units will be made to the holders of record of the Series K J Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Preferred Unit Distribution Payment Date (the “Series K J Preferred Unit Partnership Record Date”).
Appears in 2 contracts
Samples: Limited Partnership Agreement (Amb Property Lp), Limited Partnership Agreement (Amb Property Corp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A18.3A, Section 20.3.A19.3A, Section 21.3.A, Section 21.3A and 22.3A and Section 23.3.A hereof), holders of Series K D Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K D Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th 25th day of JanuaryMarch, AprilJune, July September and October December of each year and (B) in the event of (i) an exchange of Series K D Preferred Units into Series K D Preferred Shares, or (ii) a redemption of Series K D Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K D Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K D Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K D Preferred Units will be made to the holders of record of the Series K D Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series D Preferred Unit Distribution Payment Date (the “"Series K D Preferred Unit Partnership Record Date”"). For purposes of clarifying the relative distribution priority rights among the Series I Preferred Units, Series H Preferred Units, the Series F Preferred Units, the Series E Preferred Units and the Series D Preferred Units, the payment of distributions with respect to a series of such Preferred Units prior to the payment of distributions with respect to another such series of Preferred Units, solely as a result of the distribution payment dates with respect to a series of Preferred Units occurring on a different date from another series of Preferred Units, shall not be deemed to create a priority in favor of one series of Preferred Units over any other series of Preferred Units.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Amb Property Corp), Agreement of Limited Partnership (Amb Property Lp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J B Preferred Units, the Series K Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P M Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A17.3.A, Section 20.3.A19.3.A, Section 21.3.A, Section 22.3A 20.3.A and Section 23.3.A 21.3.A hereof, holders of Series K J Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K J Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K J Preferred Units into Series K J Preferred Shares, or (ii) a redemption of Series K J Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K J Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K J Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K J Preferred Units will be made to the holders of record of the Series K J Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Preferred Unit Distribution Payment Date (the “"Series K J Preferred Unit Partnership Record Date”").
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Amb Property Lp), Agreement of Limited Partnership (Amb Property Corp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J A Preferred Units, the Series L B Preferred Units, the Series M Preferred Units, the Series O J Preferred Units and the Series P L Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A16.3.A, Section 20.3.A17.3.A, Section 21.3.A, Section 22.3A 18.3.A and Section 23.3.A 20.3.A hereof, holders of Series K Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K Preferred Units into Series K Preferred Shares, or (ii) a redemption of Series K Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K Preferred Units will be made to the holders of record of the Series K Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Preferred Unit Distribution Payment Date (the “"Series K Preferred Unit Partnership Record Date”").
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Amb Property Lp), Agreement of Limited Partnership (Amb Property Corp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A17.3A, Section 20.3.A18.3A, Section 21.3.A19.3A, Section 20.3A and 22.3A and Section 23.3.A hereof), holders of Series K H Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K H Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th 25th day of JanuaryMarch, AprilJune, July September and October December of each year and (B) in the event of (i) an exchange of Series K H Preferred Units into Series K H Preferred Shares, or (ii) a redemption of Series K H Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K H Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K H Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K H Preferred Units will be made to the holders of record of the Series K H Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series H Preferred Unit Distribution Payment Date (the “"Series K H Preferred Unit Partnership Record Date”"). For purposes of clarifying the relative distribution priority rights among the Series I Preferred Units, Series H Preferred Units, the Series G Preferred Units, the Series F Preferred Units, the Series E Preferred Units and the Series D Preferred Units, the payment of distributions with respect to a series of such Preferred Units prior to the payment of distributions with respect to another such series of Preferred Units, solely as a result of the distribution payment dates with respect to a series of Preferred Units occurring on a different date from another series of Preferred Units, shall not be deemed to create a priority in favor of one series of Preferred Units over any other series of Preferred Units.
Appears in 1 contract
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A17.3A, Section 20.3.A18.3A, Section 21.3.A, Section 22.3A 19.3A and Section 23.3.A 21.3A hereof), holders of Series K I Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K I Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th 25th day of JanuaryMarch, AprilJune, July September and October December of each year and (B) in the event of (i) an exchange of Series K I Preferred Units into Series K I Preferred Shares, or (ii) a redemption of Series K I Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K I Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. 113 If any date on which distributions are to be made on the Series K I Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K I Preferred Units will be made to the holders of record of the Series K I Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series I Preferred Unit Distribution Payment Date (the “"Series K I Preferred Unit Partnership Record Date”"). For purposes of clarifying the relative distribution priority rights among the Series I Preferred Units, the Series H Preferred Units, the Series F Preferred Units, the Series E Preferred Units and the Series D Preferred Units, the payment of distributions with respect to a series of such Preferred Units prior to the payment of distributions with respect to another such series of Preferred Units, solely as a result of the distribution payment dates with respect to a series of Preferred Units occurring on a different date from another series of Preferred Units, shall not be deemed to create a priority in favor of one series of Preferred Units over any other series of Preferred Units.
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Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A16.3.A, Section 20.3.A, Section 21.3.A, Section 22.3A 17.3A and Section 23.3.A 18.3A hereof), holders of Series K F Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K F Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K F Preferred Units into Series K F Preferred Shares, or (ii) a redemption of Series K F Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K F Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K F Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K F Preferred Units will be made to the holders of record of the Series K F Preferred Units on the relevant record dates, which will be fifteen (15) 98 103 days prior to the relevant Series F Preferred Unit Distribution Payment Date (the “"Series K F Preferred Unit Partnership Record Date”"). For purposes of clarifying the relative distribution priority rights among the Series F Preferred Units, the Series E Preferred Units, the Series D Preferred Units and the Series C Preferred Units, the payment of distributions with respect to a series of such Preferred Units prior to the payment of distributions with respect to another such series of Preferred Units, solely as a result of the distribution payment dates with respect to a series of Preferred Units occurring on a different date from another series of Preferred Units, shall not be deemed to create a priority in favor of one series of Preferred Units over any other series of Preferred Units.
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Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A17.3A, Section 20.3.A19.3A, Section 21.3.A20.3A, Section 21.3A and 22.3A and Section 23.3.A hereof), holders of Series K E Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K E Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K E Preferred Units into Series K E Preferred Shares, or (ii) a redemption of Series K E Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K E Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K E Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K E Preferred Units will be made to the holders of record of the Series K E Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series E Preferred Unit Distribution Payment Date (the “"Series K E Preferred Unit Partnership Record Date”"). For purposes of clarifying the relative distribution priority rights among the Series I Preferred Units, Series H Preferred Units, the Series G Preferred Units, the Series F Preferred Units, the Series E Preferred Units and the Series D Preferred Units, the payment of distributions with respect to a series of such Preferred Units prior to the payment of distributions with respect to another such series of Preferred Units, solely as a result of the distribution payment dates with respect to a series of Preferred Units occurring on a different date from another series of Preferred Units, shall not be deemed to create a priority in favor of one series of Preferred Units over any other series of Preferred Units.
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Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section 5.1, Section 18.3.A17.3A, Section 20.3.A, Section 21.3.A, Section 22.3A 18.3A and Section 23.3.A 19.3A hereof), holders of Series K C Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K C Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K C Preferred Units into Series K C Preferred Shares, or (ii) a redemption of Series K C Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K C Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K C Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K C Preferred Units will be made to the holders of record of the Series K C Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series C Preferred Unit Distribution Payment Date (the “"Series K C Preferred Unit Partnership Record Date”").
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Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J A Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O B Preferred Units and the Series P K Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A16.3.A, Section 20.3.A, Section 21.3.A, Section 22.3A 17.3.A and Section 23.3.A 19.3.A hereof, holders of Series K J Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K J Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K J Preferred Units into Series K J Preferred Shares, or (ii) a redemption of Series K J Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K J Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K J Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K J Preferred Units will be made to the holders of record of the Series K J Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Preferred Unit Distribution Payment Date (the “"Series K J Preferred Unit Partnership Record Date”").
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Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A, Section 20.3.A, Section 21.3.A, Section 22.3A and Section 23.3.A 5.1 hereof, holders of Series K B Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to at the rate per annum of 8 5/8% of the original Capital Contribution per Series K Priority ReturnB Preferred Unit. Such distributions shall be cumulative, shall accrue from the original date of issuance and will be payable (A) quarterly in arrears, on the 15th day of Januaryor before March 31, AprilJune 30, July September 30 and October December 31 of each year and commencing on December 31, 1999 and, (B) ), in the event of (i) an exchange of Series K B Preferred Units into REIT Series K B Preferred Shares, or (ii) a redemption of Series K B Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K B Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. The amount of the distribution payable for any period will be computed on the basis of a 360-day year of twelve 30-day months and for any period shorter than a full quarterly period for which distributions are computed, the amount of the distribution payable will be computed based on the ratio of the actual number of days elapsed in such period to ninety (90) days. If any date on which distributions are to be made on the Series K B Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K B Preferred Units will be made to the holders of record of the Series K B Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Preferred Unit Distribution Payment Date (the “"Series K B Preferred Unit Partnership Record Date”").
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Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A16.3.A, Section 20.3.A, Section 21.3.A, Section 22.3A 18.3A and Section 23.3.A 19.3A hereof), holders of Series K D Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K D Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th 25th day of JanuaryMarch, AprilJune, July September and October December of each year and (B) in the event of (i) an exchange of Series K D Preferred Units into Series K D Preferred Shares, or (ii) a redemption of Series K D Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K D Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K D Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K D Preferred Units will be made to the holders of record of the Series K D Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series D Preferred Unit Distribution Payment Date (the “"Series K D Preferred Unit Partnership Record Date”").
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Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section 5.1, Section 18.3.A17.3A, Section 20.3.A18.3A, Section 21.3.A19.3A, Section 22.3A 20.3A and Section 23.3.A 21.3A hereof), holders of Series K C Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K C Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K C Preferred Units into Series K C Preferred Shares, or (ii) a redemption of Series K C Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K C Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K C Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K C Preferred Units will be made to the holders of record of the Series K C Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series C Preferred Unit Distribution Payment Date (the “"Series K C Preferred Unit Partnership Record Date”").
Appears in 1 contract
Samples: Agreement of Limited Partnership (Amb Property Corp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A17.3A, Section 20.3.A18.3A, Section 21.3.A21.3A, Section 22.3A and Section 23.3.A 24.3A hereof), holders of Series K F Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K F Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K F Preferred Units into Series K F Preferred Shares, or (ii) a redemption of Series K F Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K F Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K F Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K F Preferred Units will be made to the holders of record of the Series K F Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series F Preferred Unit Distribution Payment Date (the “"Series K F Preferred Unit Partnership Record Date”"). For purposes of clarifying the relative distribution priority rights among the Series N Preferred Units, Series I Preferred Units, Series H Preferred Units, the Series F Preferred Units, the Series E Preferred Units and the Series D Preferred Units, the payment of distributions with respect to a series of such Preferred Units prior to the payment of distributions with respect to another such series of Preferred Units, solely as a result of the distribution payment dates with respect to a series of Preferred Units occurring on a different date from another series of Preferred Units, shall not be deemed to create a priority in favor of one series of Preferred Units over any other series of Preferred Units.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Amb Property Corp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A17.3A, Section 20.3.A18.3A, Section 21.3.A19.3A, Section 21.3A and 22.3A and Section 23.3.A hereof), holders of Series K N Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K N Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th 25th day of JanuaryMarch, AprilJune, July September and October December of each year year, and (B) in the event of (i) an exchange of Series K Preferred Units into Series K Preferred Shares, or (ii) a redemption of the Series K N Preferred Units, on the exchange redemption date or redemption date, as applicable (each a “"Series K N Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K N Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K N Preferred Units will be made to the holders of record of the Series K N Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series N Preferred Unit Distribution Payment Date (the “"Series K N Preferred Unit Partnership Record Date”"). For purposes of clarifying the relative distribution priority rights among the Series N Preferred Units, Series I Preferred Units, the Series H Preferred Units, the Series F Preferred Units, the Series E Preferred Units and the Series D Preferred Units, the payment of distributions with respect to a series of such Preferred Units prior to the payment of distributions with respect to another such series of Preferred Units, solely as a result of the distribution payment dates with respect to a series of Preferred Units occurring on a different date from another series of Preferred Units, shall not be deemed to create a priority in favor of one series of Preferred Units over any other series of Preferred Units.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Amb Property Corp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A16.3.A, Section 20.3.A17.3A, Section 21.3.A18.3A, Section 22.3A 19.3A and Section 23.3.A 20.3A hereof), holders of Series K H Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K H Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th 25th day of JanuaryMarch, AprilJune, July September and October December of each year and (B) in the event of (i) an exchange of Series K H Preferred Units into Series K H Preferred Shares, or (ii) a redemption of Series K H Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K H Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K H Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K H Preferred Units will be made to the holders of record of the Series K H Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series H Preferred Unit Distribution Payment Date (the “"Series K H Preferred Unit Partnership Record Date”"). For purposes of clarifying the relative distribution priority rights among the Series H Preferred Units, the Series G Preferred Units, the Series F Preferred Units, the Series E Preferred Units, the Series D Preferred Units and the Series C Preferred Units, the payment of distributions with respect to a series of such Preferred Units prior to the payment of distributions with respect to another such series of Preferred Units, solely as a result of the distribution payment dates with respect to a series of Preferred Units occurring on a different date from another series of Preferred Units, shall not be deemed to create a priority in favor of one series of Preferred Units over any other series of Preferred Units.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Amb Property Corp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A16.3.A, Section 20.3.A17.3A, Section 21.3.A19.3A, Section 22.3A 20.3A and Section 23.3.A 21.3A hereof), holders of Series K E Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K E Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K E Preferred Units into Series K E Preferred Shares, or (ii) a redemption of Series K E Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K E Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K E Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K E Preferred Units will be made to the holders of record of the Series K E Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series E Preferred Unit Distribution Payment Date (the “"Series K E Preferred Unit Partnership Record Date”").
Appears in 1 contract
Samples: Agreement of Limited Partnership (Amb Property Corp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A16.3.A, Section 20.3.A, Section 21.3.A, Section 22.3A 17.3A and Section 23.3.A 19.3A hereof), holders of Series K E Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K E Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K E Preferred Units into Series K E Preferred Shares, or (ii) a redemption of Series K E Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K E Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K E Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K E Preferred Units will be made to the holders of record of the Series K E Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series E Preferred Unit Distribution Payment Date (the “"Series K E Preferred Unit Partnership Record Date”").
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Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O A Preferred Units and the Series P B Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A, Section 20.3.A, Section 21.3.A, Section 22.3A 16.3.A and Section 23.3.A 17.3.A hereof, holders of Series K J Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K J Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year 89 97 and (B) in the event of (i) an exchange of Series K J Preferred Units into Series K J Preferred Shares, or (ii) a redemption of Series K J Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K J Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K J Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K J Preferred Units will be made to the holders of record of the Series K J Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Preferred Unit Distribution Payment Date (the “"Series K J Preferred Unit Partnership Record Date”").
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Samples: Agreement of Limited Partnership (Amb Property Corp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P A Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A, Section 20.3.A, Section 21.3.A, Section 22.3A 5.1 and Section 23.3.A 16.3.A hereof, holders of Series K B Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K B Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K B Preferred Units into Series K B Preferred Shares, or (ii) a redemption of Series K B Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K B Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K B Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K B Preferred Units will be made to the holders of record of the Series K B Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Preferred Unit Distribution Payment Date (the “"Series K B Preferred Unit Partnership Record Date”").
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Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J A Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O B Preferred Units and the Series P J Preferred Units) as to the payment of distributions, pursuant to Section 5.1, Section 18.3.A16.3.A, Section 20.3.A, Section 21.3.A, Section 22.3A 17.3.A and Section 23.3.A 18.3.A hereof, holders of Series K Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K Priority Return. Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K Preferred Units into Series K Preferred Shares, or (ii) a redemption of Series K Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K Preferred Units will be made to the holders of record of the Series K Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Preferred Unit Distribution Payment Date (the “"Series K Preferred Unit Partnership Record Date”").
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Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A17.3A, Section 20.3.A18.3A, Section 21.3.A19.3A, Section 22.3A and Section 23.3.A 24.3A hereof), holders of Series K H Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K H Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th 25th day of JanuaryMarch, AprilJune, July September and October December of each year and (B) in the event of (i) an exchange of Series K H Preferred Units into Series K H Preferred Shares, or (ii) a redemption of Series K H Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K H Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K H Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding 104 calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K H Preferred Units will be made to the holders of record of the Series K H Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series H Preferred Unit Distribution Payment Date (the “"Series K H Preferred Unit Partnership Record Date”"). For purposes of clarifying the relative distribution priority rights among the Series N Preferred Units, Series I Preferred Units, Series H Preferred Units, the Series F Preferred Units, the Series E Preferred Units and the Series D Preferred Units, the payment of distributions with respect to a series of such Preferred Units prior to the payment of distributions with respect to another such series of Preferred Units, solely as a result of the distribution payment dates with respect to a series of Preferred Units occurring on a different date from another series of Preferred Units, shall not be deemed to create a priority in favor of one series of Preferred Units over any other series of Preferred Units.
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Samples: Agreement of Limited Partnership (Amb Property Corp)
Payment of Distributions. Subject to the rights of holders of Parity Preferred Units (including the Series J Preferred Units, the Series L Preferred Units, the Series M Preferred Units, the Series O Preferred Units and the Series P Preferred Units) as to the payment of distributions, distributions (including pursuant to Section Sections 5.1, Section 18.3.A17.3A, Section 20.3.A19.3A, Section 21.3.A21.3A, Section 22.3A and Section 23.3.A 24.3A hereof), holders of Series K E Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series K E Priority Return. Such distributions will be payable (A) quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence and not calendar year quarters) in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series K E Preferred Units into Series K E Preferred Shares, or (ii) a redemption of Series K E Preferred Units, on the exchange date or redemption date, as applicable (each a “"Series K E Preferred Unit Distribution Payment Date”"), commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series K E Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series K E Preferred Units will be made to the holders of record of the Series K E Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Series E Preferred Unit Distribution Payment Date (the “"Series K E Preferred Unit Partnership Record Date”"). For purposes of clarifying the relative distribution priority rights among the Series N Preferred Units, Series I Preferred Units, Series H Preferred Units, the Series F Preferred Units, the Series E Preferred Units and the Series D Preferred Units, the payment of distributions with respect to a series of such Preferred Units prior to the payment of distributions with respect to another such series of Preferred Units, solely as a result of the distribution payment dates with respect to a series of Preferred Units occurring on a different date from another series of Preferred Units, shall not be deemed to create a priority in favor of one series of Preferred Units over any other series of Preferred Units.
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Samples: Agreement of Limited Partnership (Amb Property Corp)