Preferred Distribution Payment Date definition

Preferred Distribution Payment Date means the Series A Distribution Payment Date, Series B Distribution Payment Date, Series C Distribution Payment Date or Series D Distribution Payment Date, as applicable.

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Preferred Distribution Payment Date means the Series A Distribution Payment Date, Series B Distribution Payment Date or Series C Distribution Payment Date, as applicable.

Preferred Distribution Payment Date shall have the meaning set forth in Section 4(a) of this Preferred Unit Designation.

Examples of Preferred Distribution Payment Date in a sentence

• Preferred PIK Amounts will be compounded, effective immediately before 5:00 p.m. Los Angeles, California time on the related Preferred Distribution Payment Date, with any prior Preferred PIK Amounts of such Series A Preferred Unit by adding to the sum thereof.

• Such compounding will occur automatically upon the Preferred Distribution Payment Date with respect to such Preferred PIK Amounts without the need for any action on the part of the Company, the Board or any other Person.

• If the Company fails to make such election prior to the applicable Preferred Distribution Payment Date, such Preferred Distributions shall be paid in kind and be Preferred PIK Amounts.

• If the Company fails to make such election prior to the applicable Preferred Distribution Payment Date, two-thirds of such Preferred Distributions for the applicable Preferred Distribution Period shall be paid in cash and be Preferred Cash Distributions and one-third of such Preferred Distributions for the applicable Preferred Distribution Period shall be paid in kind and be Preferred PIK Amounts.

More Definitions of Preferred Distribution Payment Date

Preferred Distribution Payment Date has the meaning assigned to it in Section 4.2.1.

Preferred Distribution Payment Date means, with respect to any Series A Preferred Unit, March 31, June 30, September 30, and December 31 of each year, beginning on the first such date occurring after the Series A Original Issue Date.

Preferred Distribution Payment Date means each March 31, June 30, September 30 and December 31.