Quarterly Distributions. (1) The General Partner, in its capacity as the holder of the then outstanding Series D Preferred Partnership Units, shall be entitled to receive, when and as declared by the General Partner out of any funds legally available therefor, cumulative quarterly distributions at the rate of $20.00 per Series D Preferred Partnership Unit per year, payable quarterly in arrears in cash on or about the last day of January, April, July and October of each year or, if not a Business Day (as hereinafter defined), the next succeeding Business Day, commencing July 31, 1998 (each such day being hereafter called a "Quarterly Distribution Date" and each period beginning on the day next following a Quarterly Distribution Date and ending on the next following Quarterly Distribution Date being hereinafter called a "Distribution Period"). Quarterly distributions on each Series D Preferred Partnership Unit shall accrue and be cumulative from and including the date of original issue thereof, whether or not (i) quarterly distributions on such Series D Preferred Partnership Units are earned or declared or (ii) on any Quarterly Distribution Date there shall be funds legally available for the payment of quarterly distributions. Quarterly distributions paid on the Series D Preferred Partnership Units in an amount less than the total amount of such quarterly distributions at the time accrued and payable on such Partnership Units shall be allocated pro rata on a per unit basis among all such Series D Preferred Partnership Units at the time outstanding.
Appears in 2 contracts
Quarterly Distributions. (1) The General Partner, in its capacity as the holder of the then outstanding Series D A Preferred Partnership Units, shall be entitled to receive, when and as declared by the General Partner out of any funds legally available therefor, cumulative quarterly distributions at the rate of $20.00 86.25 per Series D A Preferred Partnership Unit per year, payable quarterly in arrears in cash on or about the last day of JanuaryFebruary, AprilMay, July August, and October November of each year or, if not a Business Day (as hereinafter defined), the next succeeding Business Day, commencing July May 31, 1998 1997 (each such day being hereafter called a "Quarterly Distribution Date" and each period beginning on the day next following a Quarterly Distribution Date and ending on the next following Quarterly Distribution Date being hereinafter called a "Distribution Period"). Quarterly distributions on each Series D A Preferred Partnership Unit shall accrue and be cumulative from and including the date of original issue thereof, whether or not (i) quarterly distributions on such Series D A Preferred Partnership Units are earned or declared or (ii) on any Quarterly Distribution Date there shall be funds legally available for the payment of quarterly distributions. Quarterly distributions paid on the Series D A Preferred Partnership Units in an amount less than the total amount of such quarterly distributions at the time accrued and payable on such Partnership Units shall be allocated pro rata on a per unit basis among all such Series D A Preferred Partnership Units at the time outstanding.
Appears in 2 contracts
Quarterly Distributions. (1) The General PartnerPost Partners, in its their capacity as the holder holders of the then outstanding Series D B Preferred Partnership Units, shall be entitled to receive, when and as declared by the General Partner out of any funds legally available therefor, cumulative quarterly distributions at the rate of $20.00 1.90625 per Series D B Preferred Partnership Unit per year, payable in equal amounts of $0.47656 per unit quarterly in arrears in cash on or about the last day of Januaryeach March, AprilJune, July September, and October of each year December or, if not a Business Day (as hereinafter defined), the next succeeding Business Day, commencing July Day beginning on December 31, 1998 1997 (each such day being hereafter called a "Quarterly Distribution Date" and each period beginning on the day next following a Quarterly Distribution Date and ending on the next following a Quarterly Distribution Date being hereinafter called a "Distribution Period"). Quarterly distributions on each Series D B Preferred Partnership Unit shall accrue and be cumulative from and including the date of original issue thereof, whether or not (i) quarterly distributions on such Series D B Preferred Partnership Units are earned or declared or (ii) on any Quarterly Distribution Date there shall be funds legally available for the payment of quarterly distributions. Quarterly distributions paid on the Series D B Preferred Partnership Units in an amount less than the total amount of such quarterly distributions at the time accrued and payable on such Partnership Units shall be allocated pro rata on a per unit basis among all such Series D B Preferred Partnership Units at the time outstanding.
Appears in 2 contracts
Quarterly Distributions. (1) The General PartnerPost Partners, in its their capacity as the holder holders of the then outstanding Series D C Preferred Partnership Units, shall be entitled to receive, when and as declared by the General Partner out of any funds legally available therefor, cumulative quarterly distributions at the rate of $20.00 1.90625 per Series D C Preferred Partnership Unit per year, payable in equal amounts of $0.47656 per unit quarterly in arrears in cash on or about the last day of Januaryeach March, AprilJune, July September, and October of each year December or, if not a Business Day (as hereinafter defined), the next succeeding Business Day, commencing July 31, 1998 Day (each such day being hereafter called a "Quarterly Distribution Date" and each period beginning on the day next following a Quarterly Distribution Date and ending on the next following a Quarterly Distribution Date being hereinafter called a "Distribution Period"). Quarterly distributions on each Series D C Preferred Partnership Unit shall accrue and be cumulative from and including the date of original issue thereof, whether or not (i) quarterly distributions on such Series D C Preferred Partnership Units are earned or declared or (ii) on any Quarterly Distribution Date there shall be funds legally available for the payment of quarterly distributions. Quarterly distributions paid on the Series D C Preferred Partnership Units in an amount less than the total amount of such quarterly distributions at the time accrued and payable on such Partnership Units shall be allocated pro rata on a per unit basis among all such Series D C Preferred Partnership Units at the time outstanding.
Appears in 2 contracts
Samples: Post Apartment Homes Lp, Post Properties Inc
Quarterly Distributions. (1) The General Partner, in its capacity as the holder of the then outstanding Series D B Preferred Partnership Units, shall be entitled to receive, when and as declared by the General Partner out of any funds legally available therefor, cumulative quarterly distributions at the rate of $20.00 2.00 per Series D B Preferred Partnership Unit per year, payable quarterly in arrears in cash on or about the last day of JanuaryMarch 15, AprilJune 15, July September 15 and October December 15 of each year or, if not a Business Day (as hereinafter defined), the next succeeding Business Day, commencing July 31December 15, 1998 1997 (each such day being hereafter called a "“Quarterly Distribution Date" ” and each period beginning on the day next following a Quarterly Distribution Date and ending on the next following Quarterly Distribution Date being hereinafter called a "“Distribution Period"”). Quarterly distributions on each Series D B Preferred Partnership Unit shall accrue and be cumulative from and including the date of original issue thereof, whether or not (i) quarterly distributions on such Series D B Preferred Partnership Units are earned or declared or (ii) on any Quarterly Distribution Date there shall be funds legally available for the payment of quarterly distributions. Quarterly distributions paid on the Series D B Preferred Partnership Units in an amount less than the total amount of such quarterly distributions at the time accrued and payable on such Partnership Units shall be allocated pro rata on a per unit basis among all such Series D B Preferred Partnership Units at the time outstanding.
Appears in 1 contract
Samples: Highwoods Properties Inc
Quarterly Distributions. (1) A. The General PartnerPost Partners, in its their capacity as the holder holders of the then outstanding Series D A Preferred Partnership Units, shall be entitled to receive, when and as declared by the General Partner out of any funds legally available therefor, cumulative quarterly distributions at the rate of $20.00 4.25 per Series D A Preferred Partnership Unit per year, payable in equal amounts of $1.0625 per unit quarterly in arrears in cash on or about the last day of Januaryeach March, AprilJune, July September, and October of each year December or, if not a Business Day (as hereinafter defined), the next succeeding Business Day, commencing July Day beginning on December 31, 1998 1996 (each such day being hereafter called a "Quarterly Distribution Date" and each period beginning on the day next following a Quarterly Distribution Date and ending on the next following a Quarterly Distribution Date being hereinafter called a "Distribution Period"). Quarterly distributions on each Series D A Preferred Partnership Unit shall accrue and be cumulative from and including the date of original issue thereof, whether or not (i) quarterly distributions on such Series D A Preferred Partnership Units are earned or declared declared; or (ii) on any Quarterly Distribution Date there shall be funds legally available for the payment of quarterly distributions. Quarterly distributions paid on the Series D A Preferred Partnership Units in an amount less than the total amount of such quarterly distributions at the time accrued and payable on such Partnership Units shall be allocated pro rata on a per unit basis among all such Series D A Preferred Partnership Units at the time outstanding.. EXHIBIT E (Page 1 of 4)
Appears in 1 contract
Samples: Post Apartment Homes Lp
Quarterly Distributions. (1) The General Partner, in its capacity as the holder of the then outstanding Series D B Preferred Partnership Units, shall be entitled to receive, when and as declared by the General Partner out of any funds legally available therefor, cumulative quarterly distributions at the rate of $20.00 2.00 per Series D B Preferred Partnership Unit per year, payable quarterly in arrears in cash on or about the last day of JanuaryMarch 15, AprilJune 15, July September 15 and October December 15 of each year or, if not a Business Day (as hereinafter defined), the next succeeding Business Day, commencing July 31December 15, 1998 1997 (each such day being hereafter called a "Quarterly Distribution Date" and each period beginning on the day next following a Quarterly Distribution Date and ending on the next following Quarterly Distribution Date being hereinafter called a "Distribution Period"). Quarterly distributions on each Series D B Preferred Partnership Unit shall accrue and be cumulative from and including the date of original issue thereof, whether or not (i) quarterly distributions on such Series D B Preferred Partnership Units are earned or declared or (ii) on any Quarterly Distribution Date there shall be funds legally available for the payment of quarterly distributions. Quarterly distributions paid on the Series D B Preferred Partnership Units in an amount less than the total amount of such quarterly distributions at the time accrued and payable on such Partnership Units shall be allocated pro rata on a per unit basis among all such Series D B Preferred Partnership Units at the time outstanding.
Appears in 1 contract
Samples: Highwoods Properties Inc
Quarterly Distributions. (1) The General Partner, in its capacity as the holder of the then outstanding Series D A Preferred Partnership Units, shall be entitled to receive, when and as declared by the General Partner out of any funds legally available therefor, cumulative quarterly distributions at the rate of $20.00 4.25 per Series D A Preferred Partnership Unit per year, payable in equal amounts of $1.0625 per unit quarterly in arrears in cash on or about the last day of Januaryeach March, AprilJune, July September, and October of each year December or, if not a Business Day (as hereinafter defined), the next succeeding Business Day, commencing July Day beginning on December 31, 1998 1996 (each such day being hereafter called a "Quarterly Distribution Date" and each period beginning on the day next following a Quarterly Distribution Date and ending on the next following a Quarterly Distribution Date being hereinafter called a "Distribution Period"). Quarterly distributions on each Series D A Preferred Partnership Unit shall accrue and be cumulative from and including the date of original issue thereof, whether or not (i) quarterly distributions on such Series D A Preferred Partnership Units are earned or declared or (ii) on any Quarterly Distribution Date there shall be funds legally available for the payment of quarterly distributions. Quarterly distributions paid on the Series D A Preferred Partnership Units in an amount less than the total amount of such quarterly distributions at the time accrued and payable on such Partnership Units shall be allocated pro rata on a per unit basis among all such Series D A Preferred Partnership Units at the time outstanding.
Appears in 1 contract
Samples: Post Apartment Homes Lp
Quarterly Distributions. (1) The General Partner, in its capacity as the holder of the then outstanding Series D Preferred Partnership Units, shall be entitled to receive, when and as declared by the General Partner out of any funds legally available therefor, cumulative quarterly distributions at the rate of $20.00 per Series D Preferred Partnership Unit per year, payable quarterly in arrears in cash on or about the last day of January, April, July and October of each year or, if not a Business Day (as hereinafter defined), the next succeeding Business Day, commencing July 31, 1998 (each such day being hereafter called a "“Quarterly Distribution Date" ” and each period beginning on the day next following a Quarterly Distribution Date and ending on the next following Quarterly Distribution Date being hereinafter called a "“Distribution Period"”). Quarterly distributions on each Series D Preferred Partnership Unit shall accrue and be cumulative from and including the date of original issue thereof, whether or not (i) quarterly distributions on such Series D Preferred Partnership Units are earned or declared or (ii) on any Quarterly Distribution Date there shall be funds legally available for the payment of quarterly distributions. Quarterly distributions paid on the Series D Preferred Partnership Units in an amount less than the total amount of such quarterly distributions at the time accrued and payable on such Partnership Units shall be allocated pro rata on a per unit basis among all such Series D Preferred Partnership Units at the time outstanding.
Appears in 1 contract
Samples: Highwoods Properties Inc
Quarterly Distributions. (1) A. The General PartnerPost Partners, in its their capacity as the holder holders of the then outstanding Series D A Preferred Partnership Units, shall be entitled to receive, when and as declared by the General Partner out of any funds legally available therefor, cumulative quarterly distributions at the rate of $20.00 4.25 per Series D A Preferred Partnership Unit per year, payable in equal amounts of $1.0625 per unit quarterly in arrears in cash on or about the last day of Januaryeach March, AprilJune, July September, and October of each year December or, if not a Business Day (as hereinafter defined), the next succeeding Business Day, commencing July Day beginning on December 31, 1998 1996 (each such day being hereafter called a "Quarterly Distribution Date" and each period beginning on the day next following a Quarterly Distribution Date and ending on the next following a Quarterly Distribution Date being hereinafter called a "Distribution Period"). Quarterly distributions on each Series D A Preferred Partnership Unit shall accrue and be cumulative from and including the date of original issue thereof, whether or not (i) quarterly distributions on such Series D A Preferred Partnership Units are earned or declared declared; or (ii) on any Quarterly Distribution Date there shall be funds legally available for the payment of quarterly distributions. Quarterly distributions paid on the Series D A Preferred Partnership Units in an amount less than the total amount of such quarterly distributions at the time accrued and payable on such Partnership Units shall be allocated pro rata on a per unit basis among all such Series D A Preferred Partnership Units at the time outstanding.
Appears in 1 contract
Samples: Post Apartment Homes Lp
Quarterly Distributions. (1) The General Partner, in its capacity as the holder of the then outstanding Series D A Preferred Partnership Units, shall be entitled to receive, when and as declared by the General Partner out of any funds legally available therefor, cumulative quarterly distributions at the rate of $20.00 86.25 per Series D A Preferred Partnership Unit per year, payable quarterly in arrears in cash on or about the last day of JanuaryFebruary, AprilMay, July August, and October November of each year or, if not a Business Day (as hereinafter defined), the next succeeding Business Day, commencing July May 31, 1998 1997 (each such day being hereafter called a "“Quarterly Distribution Date" ” and each period beginning on the day next following a Quarterly Distribution Date and ending on the next following Quarterly Distribution Date being hereinafter called a "“Distribution Period"”). Quarterly distributions on each Series D A Preferred Partnership Unit shall accrue and be cumulative from and including the date of original issue thereof, whether or not (i) quarterly distributions on such Series D A Preferred Partnership Units are earned or declared or (ii) on any Quarterly Distribution Date there shall be funds legally available for the payment of quarterly distributions. Quarterly distributions paid on the Series D A Preferred Partnership Units in an amount less than the total amount of such quarterly distributions at the time accrued and payable on such Partnership Units shall be allocated pro rata on a per unit basis among all such Series D A Preferred Partnership Units at the time outstanding.
Appears in 1 contract
Samples: Highwoods Properties Inc