Common use of Quarterly Distributions Clause in Contracts

Quarterly Distributions. 1. The holder of the then outstanding Series C Preferred Partnership Units shall be entitled to receive, when, as and if declared by the General Partner out of funds legally available therefor, cumulative distributions at the rate of $2.00 per unit per year, payable in equal amounts of $.50 per unit (plus the amount of any accrued but unpaid distributions from prior periods) quarterly in cash on the last day of each January, April, July and October or, if not a Business Day (as hereinafter defined), the next succeeding Business Day. Quarterly distributions shall begin to accrue and shall be fully cumulative from the first date on which the pertinent units of the Series C Preferred Partnership Units are issued and sold and shall first be payable on January 31, 1999 (each such payment date being hereafter called a "Quarterly Distribution Date" and each period ending on a Quarterly Distribution Date being hereinafter called a "Quarterly Distribution Period"). Quarterly distributions shall be payable to holder of record as it appears in the records of the Partnership at the close of business on the applicable record date (the "Record Date"), which shall be the 15th day of the calendar month in which the applicable Quarterly Distribution Date falls on or such other date designated by the General Partner for the payment of quarterly distributions that is not more than 50 nor less than 10 days prior to such Quarterly Distribution Date. The amount of any quarterly distribution payable for any Quarterly Distribution Period shorter than a full Quarterly Distribution Period shall be prorated and computed on the basis of the actual number of days in such period on the basis of a 360-day year of twelve 30-day months. Quarterly distributions paid on the Series C Preferred Partnership Units in an amount less than the total amount of such quarterly distributions at the time accrued and payable on such units shall be allocated pro rata on a per unit basis among all such units at the time outstanding.

Quarterly Distributions. 1. (a) The holder of the then outstanding Series C D Preferred Partnership Units shall be entitled to receive, when, as and if declared by the General Partner out of funds legally available therefor, cumulative distributions at the rate of $2.00 2.15625 per unit per year, payable T-1 in equal amounts of $.50 .5390625 per unit (plus the amount of any accrued but unpaid distributions from prior periods) quarterly in cash on the last day of each January, April, July and October or, if not a Business Day (as hereinafter defined), the next succeeding Business Day, except that if such Business Day falls in the next calendar year, such payment will be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Quarterly distributions shall begin to accrue and shall be fully cumulative from the first date on which the pertinent units of the Series C D Preferred Partnership Units are issued and sold and shall first be payable on January 31, 1999 (each such payment date being hereafter called a "Quarterly Distribution Date" and each period ending on a Quarterly Distribution Date being hereinafter called a "Quarterly Distribution Period"). Quarterly distributions shall be payable to the holder of record as it appears in the records of the Partnership at the close of business on the applicable record date (the "Record Date"), which shall be the 15th day of the calendar month in which the applicable Quarterly Distribution Date falls on (or the preceding month if the Quarterly Distribution Date has been moved because the last day of January, April, July or October is not a Business Day) or such other date designated by the General Partner for the payment of quarterly distributions that is not more than 50 nor less than 10 days prior to such Quarterly Distribution Date. The amount of any quarterly distribution payable for any Quarterly Distribution Period shorter than a full Quarterly Distribution Period shall be prorated and computed on the basis of the actual number of days in such period on the basis of a 360-day year of twelve 30-day months. Quarterly distributions paid on the Series C D Preferred Partnership Units in an amount less than the total amount of such quarterly distributions at the time accrued and payable on such units shall be allocated pro rata on a per unit basis among all such units at the time outstanding.

Quarterly Distributions. 1. a. The holder holders of the then outstanding Series C A Preferred Partnership Units shall be entitled to receive, when, as and if declared by the General Partner out of funds legally available therefor, cumulative quarterly distributions at the rate of $2.00 per unit per year, payable in equal amounts of $.50 0.50 per unit (plus the amount of any accrued but unpaid distributions from prior periods) quarterly in cash on the last day of each January, April, July and October or, if not a Business Day (as hereinafter defined), the next succeeding Business Day. Quarterly distributions shall begin to accrue and shall be fully cumulative from the first date on which the pertinent units of the Series C A Preferred Partnership Units are issued and sold and shall first be payable on January October 31, 1999 1997 (each such payment date being hereafter called a "Quarterly Distribution Date" and each period ending on a Quarterly Distribution Date being hereinafter called a "Quarterly Distribution Period"). Quarterly distributions shall be payable to holder holders of record as it appears they appear in the records of the Partnership at the close of business on the applicable record date (the "Record Date"), which shall be the 15th day of the calendar month in which the applicable Quarterly Distribution Date falls on or such other date designated by the General Partner for the payment of quarterly distributions that is not more than 50 nor less than 10 days prior to such Quarterly Distribution Date. The amount of any quarterly distribution payable for any Quarterly Distribution Period shorter than a full Quarterly Distribution Period shall be prorated and computed on the basis of the actual number of days in such period on the basis of a 360-day year of twelve 30-day monthsperiod. Quarterly distributions paid on the Series C A Preferred Partnership Units in an amount less than the total amount of such quarterly distributions at the time accrued and payable on such units shall be allocated pro rata on a per unit basis among all such units at the time outstanding.

Quarterly Distributions. 1. (a) The holder of the then outstanding Series C I Preferred Partnership Units shall be entitled to receive, when, when and as and if declared by the General Partner out of any funds legally available therefor, cumulative distributions at the rate of $2.00 4.25 per unit Series I Preferred Unit per year, payable in equal amounts of $.50 1.0625 per unit (plus the amount of any accrued but unpaid distributions from prior periods) Series I Preferred Unit quarterly in cash on the last day of each JanuaryMarch, AprilJune, July September, and October orDecember, beginning on the last day of December 2016, or if not a Business Day (as hereinafter defined), the next succeeding Business Day. Quarterly distributions shall begin to accrue and shall be fully cumulative from the first date on which the pertinent units of the Series C Preferred Partnership Units are issued and sold and shall first be payable on January 31, 1999 Day (each such payment date day being hereafter called a "“Quarterly Distribution Date" ” and each period ending on a Quarterly Distribution Date being hereinafter called a "Quarterly “Distribution Period"”). Quarterly distributions on the Series I Preferred Units shall be payable to the holder of record as it appears in the ownership records of the Partnership at the close of business on the applicable record date (the "“Record Date"”), which shall be the 15th day of the calendar month in which the applicable Quarterly Distribution Date falls on or such other date designated by the General Partner for the payment of quarterly distributions that is not more than 50 30 nor less than 10 days prior to such Quarterly Distribution Date. The amount of any quarterly distribution payable for any Quarterly Distribution Period shorter than a full Quarterly Distribution Period shall be prorated and computed on the basis of the actual number of days in such period on the basis of a 360-day year of twelve 30-day months. Quarterly distributions paid on the Series C I Preferred Partnership Units in an amount less than the total amount of such quarterly distributions at the time accrued and payable on such units Series I Preferred Units shall be allocated pro rata on a per unit basis among all such units Series I Preferred Units at the time outstanding.