Common use of Payment of Preferred Return Clause in Contracts

Payment of Preferred Return. Except as provided in Sections 6 and 9, the Partnership shall not pay the Series E Allocated Preferred Return on Series E Preferred Interests in cash, but instead such Series E Allocated Preferred Return shall be paid by the issuance of additional Series E Preferred Interests in a stated amount equal to the Unpaid Series E Preferred Return. Such Series E Allocated Preferred Return shall be paid as of each June 30 and December 31. The Series E Preferred Interests issued in payment of the Series E Allocated Preferred Return shall be entitled to receive a Series E Preferred Return from the date of their issuance. Solely for purposes of determining such Series E Preferred Return, the stated amount of any Series E Preferred Interests previously issued in payment of Series E Allocated Preferred Return shall be considered as a Series E Preferred Limited Partner Contribution made at the time such Series E Preferred Interests were issued in payment of Series E Allocated Preferred Return.

Appears in 1 contract

Samples: SFG Capital Corp

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Payment of Preferred Return. Except as provided in Sections 6 and 9, the Partnership shall not pay the Series E A Allocated Preferred Return on Series E A Preferred Interests in cash, but instead such Series E A Allocated Preferred Return shall be paid by the issuance of additional Series E A Preferred Interests in a stated amount equal to the Unpaid Series E A Preferred Return. Such Series E A Allocated Preferred Return shall be paid as of each June 30 and December 31. The Series E A Preferred Interests issued in payment of the Series E A Allocated Preferred Return shall be entitled to receive a Series E A Preferred Return from the date of their issuance. Solely for purposes of determining such Series E A Preferred Return, the stated amount of any Series E A Preferred Interests previously issued in payment of Series E A Allocated Preferred Return shall be considered as a Series E A Preferred Limited Partner Contribution made at the time such Series E A Preferred Interests were issued in payment of Series E A Allocated Preferred Return.

Appears in 1 contract

Samples: SFG Capital Corp

Payment of Preferred Return. Except as provided in Sections 6 and 9, the Partnership shall not pay the Series E C Allocated Preferred Return on Series E C Preferred Interests in cash, but instead such Series E C Allocated Preferred Return shall be paid by the issuance of additional Series E C Preferred Interests in a stated amount equal to the Unpaid Series E C Preferred Return. Such Series E C Allocated Preferred Return shall be paid as of each June 30 and December 31. The Series E C Preferred Interests issued in payment of the Series E C Allocated Preferred Return shall be entitled to receive a Series E C Preferred Return from the date of their issuance. Solely for purposes of determining such Series E C Preferred Return, the stated amount of any Series E C Preferred Interests previously issued in payment of Series E C Allocated Preferred Return shall be considered as a Series E C Preferred Limited Partner Contribution made at the time such Series E C Preferred Interests were issued in payment of Series E C Allocated Preferred Return.

Appears in 1 contract

Samples: SFG Capital Corp

Payment of Preferred Return. Except as provided in Sections 6 and 9, the Partnership shall not pay the Series E B Allocated Preferred Return on Series E B Preferred Interests in cash, but instead such Series E B Allocated Preferred Return shall be paid by the issuance of additional Series E B Preferred Interests in a stated amount equal to the Unpaid Series E B Preferred Return. Such Series E B Allocated Preferred Return shall be paid as of each June 30 and December 31. The Series E B Preferred Interests issued in payment of the Series E B Allocated Preferred Return shall be entitled to receive a Series E B Preferred Return from the date of their issuance. Solely for purposes of determining such Series E B Preferred Return, the stated amount of any Series E B Preferred Interests previously issued in payment of Series E B Allocated Preferred Return shall be considered as a Series E B Preferred Limited Partner Contribution made at the time such Series E B Preferred Interests were issued in payment of Series E B Allocated Preferred Return.

Appears in 1 contract

Samples: SFG Capital Corp

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Payment of Preferred Return. Except as provided in Sections 6 and 9, the Partnership shall not pay the Series E Allocated Preferred Return on Series E A Preferred Interests in cash, but instead such Series E Allocated Preferred Return shall be paid by the issuance of additional Series E A Preferred Interests in a stated amount equal to the Unpaid Series E Preferred ReturnReturn for the semi-annual period. Such Series E Allocated Preferred Return shall be paid as of each June 30 and December 31. The Series E A Preferred Interests issued in payment of the Series E Allocated Preferred Return shall be entitled to receive a Series E Preferred Return from the date of their issuance. Solely for purposes of determining such Series E Preferred Return, the stated amount of any Series E A Preferred Interests previously issued in payment of Series E Allocated Preferred Return shall be considered as a Series E A Preferred Limited Partner Contribution made at the time such Series E A Preferred Interests were issued in payment of Series E Allocated Preferred Return.

Appears in 1 contract

Samples: SFG Capital Corp

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