Series A Distributions. Distributions from Series A to its holders of Series Interests shall be allocated and made from Distributable Proceeds attributable to Series A in the following manner and priority:
Series A Distributions. The Series A Holders shall be entitled to receive and the Company shall pay, if, as and when authorized and declared by the Manager out of assets or funds of the Company legally available therefor, (i) at any time prior to the fifth anniversary of the Series A Original Issue Date, (A) cumulative distributions (“Declared Distributions”), which shall accrue from day to day from and after the Series A Original Issue Date (provided, that in the event any shares of Series A Preferred Mirror Units are issued at a different date, the Declared Distributions shall accrue from day to day from and after such later issuance date), whether or not declared and whether or not there are funds legally available for the payment of distributions, at the rate per Series A Preferred Mirror Unit (as a percentage of Series A Stated Value) that is nine and seventy-five hundredths percent (9.75%) per annum (as adjusted pursuant to Section 17.03(c) below) (the “Series A Distribution Rate”), payable semi-annually in arrears on the applicable Series A Distribution Payment Date, and inclusive of dividends previously accrued but unpaid in Series A Preferred Mirror Units through any date of determination, including without limitation any Series A Redemption Date, Series A Conversion Date, date of Liquidation or date of Series A Change of Control and (B) distributions on the Class A Common Units (other than Tax Distributions), payable on each Series A Preferred Mirror Unit as if all units of such Series A Preferred Mirror Units held by the Series A Holder had been converted into Class A Common Units in respect of the largest number of whole Class A Common Units into which all Series A Preferred Mirror Units (including Declared Distributions) held of record by such Series A Holder is convertible pursuant to Section 17.06 herein as of the record date for such distribution or, if there is not specified record date, as of the date of such distribution and (ii) at any time from and after the fifth anniversary of the Series A Original Issue Date, the greater of (A) Declared Distributions at the Series A Distribution Rate, payable semi-annually in arrears on the applicable Series A Distribution Payment Date, and inclusive of distributions previously accrued and payable in Series A Preferred Mirror Units and (B) distributions on the Class A Common Units (other than Tax Distributions), payable on each Series A Preferred Mirror Unit as if all units of such Series A Preferred Mirror Units held by t...
