Examples of Issuer Limited Partnership Agreement in a sentence
If the distribution rate per annum on the 7.00% Series A Preferred Units issued by the Issuer shall increase pursuant to Section 16.6 of the Issuer Limited Partnership Agreement, then the Distribution Rate shall increase by the same amount beginning on the same date as set forth in Article XVI of the Issuer Limited Partnership Agreement.
The Members, the Directors and the Company shall use their commercially reasonable best efforts to take such action as shall be necessary or appropriate to give effect to and implement the provisions of Section 13.4(b) of the Issuer Limited Partnership Agreement as adopted in this Section 3.1(k) and the Members may, but shall not be under any obligation to, transfer their Interests to a corporate trustee.
To the extent that the provisions of the Issuer Limited Partnership Agreement relating to the election and removal of Directors upon a Nonpayment conflicts with this Agreement, such provisions of the Issuer Limited Partnership Agreement shall control.
Notwithstanding any other provision of this Agreement, the Company, and the Board on behalf of the Company, shall not amend Sections 7.13 or 13.4(b) of the Issuer Limited Partnership Agreement without the consent of the Member.
Notwithstanding Section 9.2 of this Agreement, the approval of the requisite votes entitled to be cast by the holders of outstanding Voting Preferred Units as set forth in Section 16.8(c) of the Issuer Limited Partnership Agreement is required in order to amend, alter or repeal this Section 3.3(b)(ii).
Subject to any limitations then set forth in the Issuer Limited Partnership Agreement, a Majority in Interest of Class A Members shall have full authority unilaterally to remove and replace any Director, with or without cause, at any time and for any reason or no reason, and to fill any positions created by the Board as a result of an increase in the size of the Board or vacancies.
The Member, the Directors and the Company shall use their commercially reasonable best efforts to take such action as shall be necessary or appropriate to give effect to and implement the provisions of Section 13.4(b) of the Issuer Limited Partnership Agreement as adopted in this Section 3.2(j) and the Member may, but shall not be under any obligation to, transfer its Interests to a corporate trustee.
If the distribution rate per annum on the 7.00% Series A Preferred Shares issued by the Issuer shall increase pursuant to Section 16.6 of the Issuer Limited Partnership Agreement, then the Distribution Rate shall increase by the same amount beginning on the same date as set forth in Article XVI of the Issuer Limited Partnership Agreement.
If the distribution rate per annum on the 6.75% Series A Preferred Units issued by the Issuer shall increase pursuant to Section 16.6 of the Issuer Limited Partnership Agreement, then the distribution rate per annum on the Series A Preferred Mirror Units shall increase by the same amount beginning on the same date as set forth in Article XVI of the Issuer Limited Partnership Agreement.
Wiethorn, P.E., of Haag Engineering Company (“Haag”) inspected the property.