Unit Elections. 6 SECTION 4.3 Proration..................................................................... 7 SECTION 4.4
Unit Elections. (a) Each person who on or prior to -------------- the Election Date (as defined in Section 4.2(c)) is a record holder of Units will be entitled, with respect to all or any portion of its Units, to make an unconditional election (a "Preferred Stock Election") on or prior to such ------------------------ Election Date to receive Preferred Stock in respect of its Units on the basis hereinafter set forth.
Unit Elections. Unit Elections take place every six months, in February and August. A date for the election should be set by the Unit Secretary and advised to members two weeks in advance. The election shall be held in private, without guests or observers, and the following procedure shall be followed:
