Common use of Priority as to Distributions Clause in Contracts

Priority as to Distributions. (i) Except as provided in Section 20.3(c)(ii) below, unless full cumulative distributions for all past Series A-3 Preferred Unit Distribution Periods on the Series A-3 Preferred Units have been or contemporaneously are authorized and paid or authorized and a sum sufficient for the payment thereof is set apart for such payment, no distributions (other than in Common OP Units or any other class or series of OP Units ranking junior to the Series A-3 Preferred Units as to distributions and as to the distribution of assets upon liquidation, dissolution and winding up of the Partnership) shall be authorized or paid or set aside for payment nor shall any other distribution be authorized or made on Common OP Units or any other classes or series of OP Units ranking junior to or on parity with the Series A-3 Preferred Units as to distributions or as to the distribution of assets upon liquidation, dissolution or winding up of the Partnership nor shall any Common OP Units or any other classes

Appears in 1 contract

Samples: Limited Partnership Agreement (Sun Communities Inc)

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Priority as to Distributions. (i) Except as provided in Section 20.3(c)(ii29.3(c)(ii) below, unless full cumulative distributions for all past Series A-3 J Preferred Unit Distribution Periods on the Series A-3 J Preferred Units have been or contemporaneously are authorized and paid or authorized and a sum sufficient for the payment thereof is set apart for such payment, no distributions (other than in Common OP Units or any other class or series of OP Units ranking junior to the Series A-3 J Preferred Units as to distributions and as to the distribution of assets upon liquidation, dissolution and winding up of the Partnership) shall be authorized or paid or set aside for payment nor shall any other distribution be authorized or made on Common OP Units or any other classes or series of OP Units ranking junior to or on parity with the Series A-3 J Preferred Units as to distributions or as to the distribution of assets upon liquidation, dissolution or winding up of the Partnership nor shall any Common OP Units or any other classesdistribution

Appears in 1 contract

Samples: Fourth Amended and Restated Agreement of Limited Partnership (Sun Communities Inc)

Priority as to Distributions. (i) Except as provided in Section 20.3(c)(ii30.3(c)(ii) below, unless full cumulative distributions for all past Series A-3 K Preferred Unit Distribution Periods on the Series A-3 K Preferred Units have been or contemporaneously are authorized and paid or authorized and a sum sufficient for the payment thereof is set apart for such payment, no distributions (other than in Common OP Units or any other class or series of OP Units ranking junior to the Series A-3 K Preferred Units as to distributions and as to the distribution of assets upon liquidation, dissolution and winding up of the Partnership) shall be authorized or paid or set aside for payment nor shall any other distribution be authorized or made on Common OP Units or any other classes or series of OP Units ranking junior to or on parity with the Series A-3 K Preferred Units as to distributions or as to the distribution of assets upon liquidation, dissolution or winding up of the Partnership nor shall any Common OP Units or any other classesOP

Appears in 1 contract

Samples: Fourth Amended and Restated Agreement of Limited Partnership (Sun Communities Inc)

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Priority as to Distributions. (i) Except as provided in Section 20.3(c)(ii31.3(c)(ii) below, unless full cumulative distributions for all past Series A-3 L Preferred Unit Distribution Periods on the Series A-3 L Preferred Units have been or contemporaneously are authorized and paid or authorized and a sum sufficient for the payment thereof is set apart for such payment, no distributions (other than in Common OP Units or any other class or series of OP Units ranking junior to the Series A-3 L Preferred Units as to distributions and as to the distribution of assets upon liquidation, dissolution and winding up of the Partnership) shall be authorized or paid or set aside for payment nor shall any other distribution be authorized or made on Common OP Units or any other classes or series of OP Units ranking junior to or on parity with the Series A-3 L Preferred Units as to distributions or as to the distribution of assets upon liquidation, dissolution or winding up of the Partnership nor shall any Common OP Units or any other classesdistribution

Appears in 1 contract

Samples: Fourth Amended and Restated Agreement of Limited Partnership (Sun Communities Inc)

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