Common use of Preferred Distributions Cumulative Clause in Contracts

Preferred Distributions Cumulative. Notwithstanding the foregoing, distributions on the Series A Preferred Units will accrue whether or not the terms and provisions set forth in Section 16.2.C hereof at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized.

Appears in 4 contracts

Samples: Extra Space Storage Inc., ir.extraspace.com, Extra Space Storage Inc.

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Preferred Distributions Cumulative. Notwithstanding the foregoing, distributions on the Series A B Preferred Units will accrue whether or not the terms and provisions set forth in Section 16.2.C 17.2.C hereof at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized.

Appears in 3 contracts

Samples: Extra Space Storage Inc., ir.extraspace.com, Extra Space Storage Inc.

Preferred Distributions Cumulative. Notwithstanding the foregoing, distributions on the Series A D Preferred Units will accrue whether or not the terms and provisions set forth in Section 16.2.C 19.2.C hereof at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized.

Appears in 2 contracts

Samples: Extra Space Storage Inc., ir.extraspace.com

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Preferred Distributions Cumulative. Notwithstanding the foregoing, distributions on the Series A C Preferred Units will accrue whether or not the terms and provisions set forth in Section 16.2.C 18.2.C hereof at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized.

Appears in 2 contracts

Samples: Extra Space Storage Inc., ir.extraspace.com

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