Preferred Unit Distribution Payment Date. Any distribution payable on the Series A-3 Preferred Units for a period that is shorter or longer than 90 days will be computed on the basis of a 360-day year consisting of twelve 30-day months. If any Series A-3 Preferred Unit Distribution Payment Date 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). The distributions payable on any Series A-3 Preferred Unit Distribution Payment Date shall include distributions accrued to but not including such Series A-3 Preferred Unit Distribution Payment Date.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Sun Communities Inc), Limited Partnership Agreement (Sun Communities Inc), Limited Partnership Agreement (Sun Communities Inc)
Preferred Unit Distribution Payment Date. Any distribution payable on the Series A-3 A-4 Preferred Units for a period that is shorter or longer than 90 days will be computed on the basis of a 360-day year consisting of twelve 30-day months. If any Series A-3 A-4 Preferred Unit Distribution Payment Date 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). The distributions payable on any Series A-3 A-4 Preferred Unit Distribution Payment Date shall include distributions accrued to but not including such Series A-3 A-4 Preferred Unit Distribution Payment Date.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Sun Communities Inc), Amendment to the Third Amended and Restated Agreement of Limited Partnership (Sun Communities Inc), Third Amended and Restated Agreement of Limited Partnership (Sun Communities Inc)
