Partnership Preferred Unit definition

Partnership Preferred Unit means a fractional, undivided share of the Partnership Interests that the General Partner has authorized pursuant to Section 4.2 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Partnership Common Units.

Partnership Preferred Unit means a Series A Preferred Unit, as defined in the Partnership Agreement.

Partnership Preferred Unit means a fractional, undivided share of the Partnership Interests that the General Partner has authorized pursuant to Section 4.2(a) or 4.3 hereof (including but not limited to a Series A Preferred Unit) that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Partnership Common Units.”

Examples of Partnership Preferred Unit in a sentence

• If, at any time, any Preferred Shares are redeemed (whether by exercise of a put or call, automatically or by means of another arrangement) by the General Partner for cash, the Partnership shall, immediately prior to such redemption of Preferred Shares, redeem an equal number of Partnership Preferred Units held by the General Partner, upon the same terms and for the same price per Partnership Preferred Unit, as such Preferred Shares are redeemed.

• In order to exercise the conversion right, the holder of each Class Six Partnership Preferred Unit to be converted shall surrender the certificate representing such unit, duly endorsed or assigned to the Partnership or in blank, at the office of the Transfer Agent, accompanied by written notice to the Partnership that the holder thereof elects to convert such Class Six Partnership Preferred Unit.

• In order to exercise the conversion right, the holder of each Class Four Partnership Preferred Unit to be converted shall surrender the certificate representing such unit, duly endorsed or assigned to the Partnership or in blank, at the office of the Transfer Agent, accompanied by written notice to the Partnership that the holder thereof elects to convert such Class Four Partnership Preferred Unit.

• On every Distribution Payment Date, the holders of Class G Partnership Preferred Units shall be entitled to receive distributions payable in cash in an amount per Class G Partnership Preferred Unit equal to the per share dividend payable on the Class G Preferred Stock on such Distribution Payment Date.

• On every Distribution Payment Date, the holders of Class C Partnership Preferred Units shall be entitled to receive distributions payable in cash in an amount per Class C Partnership Preferred Unit equal to the per share dividend payable on the Class C Preferred Stock on such Distribution Payment Date.

More Definitions of Partnership Preferred Unit

Partnership Preferred Unit means a fractional, undivided share of the Partnership Interests of a particular class or series that the General Partner has authorized pursuant to Section 4.2 or Section 4.3 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Partnership Common Units. Partnership Preferred Units shall include, but not be limited to, Series 1 CPOP Units, Series 2 CPOP Units, Series 3 CPOP Units, Series B Preferred Units and Series C Preferred Units, and the Partnership Preferred Units of each such type is a separate class of Partnership Unit for purposes of this Agreement.

Partnership Preferred Unit means a partnership interest in the Partnership designated as a “6.25% Series I-2 Cumulative Redeemable Preferred Partnership Interest” under the Partnership Agreement. 11

Partnership Preferred Unit means a Series A Preferred Unit, as defined in the Partnership Agreement. “Partnership Unitholder Approval” means approval of holders of a Unit Majority.

Partnership Preferred Unit means a fractional, undivided share of the Partnership Interests of a particular class or series that the General Partner has authorized pursuant to Section 4.2 or Section 4.3 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Partnership Common Units. Preferred Units shall include, but not be limited to, Series 1 CPOP Units, Series A Preferred Units and Series B Preferred Units.

Partnership Preferred Unit means a fractional, undivided share of the Partnership Interests that the General Partner has authorized pursuant to Section 4.2(a) or 4.3 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Partnership Common Units.

Partnership Preferred Unit. (the "Liquidation Preference"), plus an amount per Class O Partnership Preferred Unit equal to all dividends (whether or not declared or earned) accumulated, accrued and unpaid on one share of Class O Preferred Stock to the date of final distribution to such holders; but such holders shall not be entitled to any further payment. Until the holders of the Class O Partnership Preferred Units have been paid the Liquidation Preference in full, plus an amount equal to all dividends (whether or not declared or earned) accumulated, accrued and unpaid on the Class O Preferred Stock to the date of final distribution to such holders, no payment shall be made to any holder of Junior Partnership Units upon the liquidation, dissolution or winding up of the Partnership. If, upon any liquidation, dissolution or winding up of the Partnership, the assets of the Partnership, or proceeds thereof, distributable among the holders of Class O Partnership Preferred Units shall be insufficient to pay in full the preferential amount aforesaid and liquidating payments on any Parity Partnership Units, then such assets, or the proceeds thereof, shall be distributed among the holders of Class O Partnership Preferred Units and any such Parity Partnership Units ratably in the same proportion as the respective amounts that would be payable on such Class O Partnership Preferred Units and any such other Parity Partnership Units if all amounts payable thereon were paid in full. For the purposes of this Section 4, (i) a consolidation or merger of the Partnership with one or more partnerships, or (ii) a sale or transfer of all or substantially all of the Partnership's assets shall not be deemed to be a liquidation, dissolution or winding up, voluntary or involuntary, of the Partnership.

Partnership Preferred Unit means a fractional, undivided share of the Partnership Interests that the General Partner has authorized pursuant to