Common use of Rights to Distributions on Units Called for Redemption Clause in Contracts

Rights to Distributions on Units Called for Redemption. Immediately prior to or upon any redemption of Series A Preferred Units, the Partnership shall pay, in cash, any accrued and unpaid distributions to and including the redemption date, unless a redemption date falls after a Distribution Record Date and prior to the corresponding Distribution Payment Date, in which case each holder of Series A Preferred Units at the close of business on such Distribution Record Date shall be entitled to the distribution payable on such Series A Preferred Units on the corresponding Distribution Payment Date notwithstanding the redemption of such Series A Preferred Units before such Distribution Payment Date.

Appears in 3 contracts

Samples: Exchange Rights Agreement (Independence Realty Trust, Inc), Exchange Rights Agreement (Independence Realty Trust, Inc), Agreement (Independence Realty Trust, Inc)

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Rights to Distributions on Units Called for Redemption. Immediately prior to or upon any redemption of Series A B Preferred Units, the Partnership shall pay, in cash, any accrued and unpaid distributions to and including the redemption date, unless a redemption date falls after a Distribution Record Date and prior to the corresponding Distribution Payment Date, in which case each holder of Series A B Preferred Units at the close of business on such Distribution Record Date shall be entitled to the distribution payable on such Series A B Preferred Units on the corresponding Distribution Payment Date notwithstanding the redemption of such Series A B Preferred Units before such Distribution Payment Date.

Appears in 2 contracts

Samples: Exchange Rights Agreement (Independence Realty Trust, Inc), Preferred Exchange Rights Agreement (Independence Realty Trust, Inc)

Rights to Distributions on Units Called for Redemption. Immediately prior to or upon any redemption of Series A Preferred Units, the Partnership shall pay, in cash, any accrued accumulated and unpaid distributions to and including the redemption date, unless a redemption date falls after a Distribution Record Date and prior to the corresponding Distribution Payment Date, in which case each holder of Series A Preferred Units at the close of business on such Distribution Record Date shall be entitled to the distribution payable on such Series A Preferred Units on the corresponding Distribution Payment Date notwithstanding the redemption of such Series A Preferred Units before such Distribution Payment Date.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Vinebrook Homes Trust, Inc.), Limited Partnership Agreement (Nexpoint Diversified Real Estate Trust)

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Rights to Distributions on Units Called for Redemption. Immediately prior to or upon any redemption of the Series A Preferred Units, the Partnership Company shall pay, in cash, any accrued accumulated and unpaid distributions to and including on the redemption dateSeries A Preferred Units through the Redemption Date, unless a redemption date Redemption Date falls after a Preferred Distribution Record Date and prior to the corresponding Preferred Distribution Payment Date, in which case each holder of the Series A Preferred Units at the close of business on such Preferred Distribution Record Date shall be entitled to the distribution payable on such Series A Preferred Units units on the corresponding Preferred Distribution Payment Date notwithstanding the redemption of such Series A Preferred Units units before such Preferred Distribution Payment Date.

Appears in 1 contract

Samples: Company Agreement (American Hospitality Properties REIT, Inc.)

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