Examples of Initial Distribution Period in a sentence
With respect to any Quarter (or portion thereof for which a Series A Quarterly Distribution is due) ending on or before the end of the Initial Distribution Period for a Series A Preferred Unit, such Series A Quarterly Distribution shall be paid, as determined by the Board of Directors, in its sole discretion, in Series A PIK Units or in cash, or in a combination of Series A PIK Units and cash.
For any Quarter ending after the Series A Initial Distribution Period, all Series A Quarterly Distributions shall be paid in cash.
For any Quarter ending after the Initial Distribution Period, all Series A Quarterly Distributions shall be paid in cash.
The number of PIK Units to be issued in connection with a Preferred Unit Distribution during the Initial Distribution Period shall be the quotient of (A) the applicable Preferred Unit Distribution Amount divided by (B) the Preferred Unit Price; provided that instead of issuing any fractional PIK Unit, the Partnership shall round the number of PIK Units issued to each Preferred Holder to the nearest whole PIK Unit and pay cash in lieu of any such fractional unit.
The amount of distributions payable per Class Eleven Partnership Preferred Unit for the Initial Distribution Period, or any period shorter than a full Distribution Period, shall be computed ratably on the basis of twelve 30-day months and a 360-day year.