Examples of Preferred Distribution Payment Date in a sentence
If any Series A Preferred Distribution Payment Date otherwise would occur on a date that is not a Business Day, declared Series A Preferred Distributions shall be paid on the immediately succeeding Business Day without the accumulation of additional distributions.
If any Series B Preferred Distribution Payment Date otherwise would occur on a date that is not a Business Day, declared Series B Preferred Distributions shall be paid on the immediately succeeding Business Day without the accumulation of additional distributions.
If any Series C Preferred Distribution Payment Date otherwise would occur on a date that is not a Business Day, declared Series C Preferred Distributions shall be paid on the immediately succeeding Business Day without the accumulation of additional distributions.
Distributions will be payable to holders of record of the Series B Preferred Units as they appear on the records of the Partnership at the close of business on the 25th day of the month preceding the applicable Series B Preferred Distribution Payment Date, i.e., December 25, March 25, June 25 and September 25 (each, a “Distribution Record Date”).
Notwithstanding anything to the contrary contained herein, distributions on the Series C Preferred Units will accrue and, to the extent not paid in cash, compound quarterly on each Series C Preferred Distribution Payment Date, whether or not the restrictions referred to in Section 5(b) exist, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized or declared.
Series B Preferred Distribution Payment Date into such Series B Preferred Distribution Period.
Draft a community constitution to set out how decisions are made, how leadership posts are chosen, sanctions. It could be helpful for community members and NGOs to see an example of a community constitution from Mexico or Guatemala.