Relative Seniority. In respect of rights to receive quarterly distributions and to participate in distributions of payments in the event of any liquidation, dissolution or winding up of the Partnership, the Series A Preferred Partnership Units shall rank senior to the Common Partnership Units and any other class or series of Partnership Units of the Partnership ranking, as to quarterly distributions and upon liquidation, junior to the Series A Preferred Partnership Units (collectively, "Junior Partnership Units").
Appears in 5 contracts
Samples: Agreement of Limited Partnership (Chelsea Gca Realty Inc), First Amended and Restated Agreement of Limited Partnership (Post Apartment Homes Lp), First Amended and Restated Agreement of Limited Partnership (Highwoods Forsyth L P)
Relative Seniority. In respect of rights to receive quarterly distributions and to participate in distributions of payments in the event of any liquidation, dissolution or winding up of the Partnership, the Series A B Preferred Partnership Units shall rank senior to the Common Partnership Units and any other class or series of Partnership Units of the Partnership ranking, as to quarterly distributions and upon liquidation, junior to the Series A B Preferred Partnership Units (collectively, "Junior Partnership Units").
Appears in 3 contracts
Samples: Agreement of Limited Partnership (Post Properties Inc), Agreement of Limited Partnership (Post Apartment Homes Lp), Agreement of Limited Partnership (Post Apartment Homes Lp)
Relative Seniority. In respect of rights to receive quarterly distributions and to participate in distributions of payments in the event of any liquidation, dissolution or winding up of the Partnership, the Series A C Preferred Partnership Units shall rank senior to the Common Partnership Units and any other class or series of Partnership Units of the Partnership ranking, as to quarterly distributions and upon liquidation, junior to the Series A C Preferred Partnership Units (collectively, "Junior Partnership Units").
Appears in 2 contracts
Samples: Second Amended and Restated Agreement of Limited Partnership (Post Apartment Homes Lp), Second Amended and Restated Agreement of Limited Partnership (Post Properties Inc)
Relative Seniority. In respect of rights to receive quarterly distributions and to participate in distributions of payments in the event of any liquidation, dissolution or winding up of the Partnership, the Series A Preferred Partnership Units shall rank senior to the Common Partnership Units and any other class or series of Partnership Units of the Partnership ranking, as to quarterly distributions and upon liquidation, junior to the Series A Preferred Partnership Units (collectively, "“Junior Partnership Units"”).
Appears in 1 contract
Samples: Limited Partnership Agreement (Highwoods Properties Inc)
Relative Seniority. In respect of rights to receive quarterly distributions and to participate in distributions of payments in the event of any liquidation, dissolution or winding up of the Partnership, the Series A I Preferred Partnership Units shall rank senior to the Common Partnership Units Units, and any other class or series of Partnership Units of the Partnership ranking, as to quarterly distributions and upon liquidation, junior to the Series A I Preferred Partnership Units (collectively, "“Junior Partnership Units"”).
Appears in 1 contract
Samples: Limited Partnership Agreement (Mid America Apartment Communities Inc)
Relative Seniority. In respect of rights to receive quarterly distributions and to participate in distributions of payments in the event of any liquidation, dissolution or winding up of the Partnership, the Series A Preferred Partnership Units shall rank senior to the Common Partnership Units and any other class or series of Partnership Units of the Partnership ranking, as to quarterly distributions and upon liquidation, junior to the Series A Preferred Partnership Units (collectively, "Junior Partnership Units")) and on a parity with all other Preferred Partnership Units of the Partnership which are not by their terms Junior Partnership Units.
Appears in 1 contract