Class E Preferred Distribution Payment Date definition

Class E Preferred Distribution Payment Date means February 15, May 15, August 15 and November 15 of each year, commencing with the first such date following December 31, 2008.

Class E Preferred Distribution Payment Date means February 15, May 15, August 15 and November 15 of each year, commencing with the first such date following the Effective Date.

Examples of Class E Preferred Distribution Payment Date in a sentence

• The Class E Preferred Accrued Distribution Amount payable on any Class E Preferred Distribution Payment Date shall include any and all Class E Preferred Accrued Distribution Amounts payable in respect of a prior distribution period or periods but not declared by the Board of Managers, provided that the Class E Preferred Accrued Distribution Amount shall not compound or otherwise include interest on any Class E Preferred Accrued Distribution Amount not paid in a prior distribution period or periods.

• For purposes of the Class E Preferred Accrued Distribution Amount, a “distribution period” shall refer to a period commencing on and including a Class E Preferred Distribution Payment Date (or, in the case of the distribution period ending on February 15, 2009, commencing on and including December 31, 2008), and ending on and including the day immediately preceding the next succeeding Class E Preferred Distribution Payment Date.