Preference Units definition

Preference Units means a Partnership Interest, designated as a “Preference Unit,” including the Series A Preference Units, the Series B Preference Units and the Series C Preference Units, which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

Preference Units are units of Partnership Interest more particularly described in Section 3.2 below.

Preference Units means Preference Units as defined in the Partnership Agreement.

Examples of Preference Units in a sentence

• Under this normal course issuer bid, Brookfield Renewable is permitted to repurchase up to 10% of the total public float for each respective series of its Class A Preference Units.

• If and as the General Partner or any other Partner makes additional Capital Contributions to the Partnership, each such Partner shall receive additional OP Units and/or Preference Units as provided for in Section 3.2(B) above.

• No distribution shall be declared or paid or set apart for payment on any Junior Securities (other than a distribution payable solely in Junior Securities) unless full cumulative Series A Distributions have been or contemporaneously are being paid or provided for on all Outstanding Series A Preference Units and any other Parity Securities through the most recent respective Series A Distribution Payment Dates.

• At the option of the General Partner, such a program may also be made available with respect to Preference Units.

• The Series A Preference Units shall not have any voting powers, preferences or relative, participating, optional or other special rights, or qualifications, limitations or restrictions thereof, other than as set forth in this Article XVI or as provided by applicable law.

More Definitions of Preference Units

Preference Units has the meaning set forth in Section 4.2.E.

Preference Units means any Limited Partnership Interests of any class ranking senior (as to preferential distributions or redemption or voting rights) to the Common Units.

Preference Units means Series A Preferred Units as such term is ---------------- defined in the Agreement of Limited Partnership.

Preference Units means, collectively, the Common Preference Units and the Series A Preference Units.

Preference Units means the preference units representing preference limited partner interests in the Partnership.

Preference Units has the meaning set out in the recitals and for greater certainty means the non-voting preferred membership interests issued by the Coop, all of which shall have rights customary to preferred shares (with all such rights set out in the Coop Articles) and which rights shall include (a) the Preference Shares/Units Dividend Right (b) the right to exercise the Preference Shares/Units Put Right, (c) the right to exercise the Preference Units Conversion Right,

Preference Units shall have the meaning ascribed to "Series A Preferred Units" in the Amendment.