Common use of Reclassification of Series 6 Preferred Limited Partnership Units Clause in Contracts

Reclassification of Series 6 Preferred Limited Partnership Units. In accordance with the terms and limitations of such Preferred Units, each Series 6 Preferred Limited Partnership Unit may be reclassified into a Series 5 Preferred Limited Partnership Unit. Any such Preferred Units that are reclassified into Series 5 Preferred Limited Partnership Units shall have the rights, privileges, restrictions and conditions set out herein. The seventh series of Class A Preferred Limited Partnership Units of the Partnership shall consist of 12,000,000 preferred limited partnership interests designated as Cumulative Class A Preferred Limited Partnership Units, Series 7 (the “Series 7 Preferred Limited Partnership Units”) and, in addition to the rights, privileges, restrictions and conditions attaching to the Class A Preferred Limited Partnership Units as a class, shall have attached thereto the following rights, privileges, restrictions and conditions (the “Series 7 Preferred Limited Partnership Unit Provisions”):

Appears in 2 contracts

Samples: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.)

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Reclassification of Series 6 Preferred Limited Partnership Units. In accordance with the terms and limitations of such Preferred Units, each Series 6 Preferred Limited Partnership Unit may be reclassified into a Series 5 Preferred Limited Partnership Unit. Any such Preferred Units that are reclassified into Series 5 Preferred Limited Partnership Units shall have the rights, privileges, restrictions and conditions set out herein. The seventh sixth series of Class A Preferred Limited Partnership Units of the Partnership shall consist of 12,000,000 10,000,000 preferred limited partnership interests designated as Cumulative Class A Preferred Limited Partnership Units, Series 7 6 (the “Series 7 6 Preferred Limited Partnership Units”) and, in addition to the rights, privileges, restrictions and conditions attaching to the Class A Preferred Limited Partnership Units as a class, shall have attached thereto the following rights, privileges, restrictions and conditions (the “Series 7 6 Preferred Limited Partnership Unit Provisions”):

Appears in 2 contracts

Samples: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.)

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