Examples of Preferred Limited Partnership Interest in a sentence
Notwithstanding anything to the contrary herein, in no event shall a holder of an Exchangeable Preferred Limited Partnership Interest be entitled to receive, or shall be deemed to receive, any shares of Newmark Class A Common Stock upon any Exchangeable Preferred Newmark Exchange if, immediately upon giving effect to such receipt of such shares, an Excess Ownership Position would exist.
As of the date hereof, it is not expected that the receipt by the holder of an Exchangeable Preferred Limited Partnership Interest of the shares of Newmark Class A Common Stock upon an Exchangeable Preferred Newmark Exchange would cause the holder of the Exchangeable Preferred Limited Partnership Interest to be in an Excess Ownership Position (but no assurance is given that such holder will not be in an Excess Ownership Position in the future).
As of the date hereof, it is not expected that the receipt by the holder of any Exchangeable Preferred Limited Partnership Interest of the shares of Newmark Class A Common Stock upon an Exchangeable Preferred Newmark Exchange would cause the holder of such Exchangeable Preferred Limited Partnership Interest to be in an Excess Ownership Position (but no assurance is given that such holder will not be in an Excess Ownership Position in the future).
No unit of Series E Preferred Limited Partnership Interests that is redeemed in accordance with this Section 4(a) shall be entitled to receive any distributions in respect thereof after the date on which the payments required by this Section 4(a) are paid or set apart for payment to the holder of such Series E Preferred Limited Partnership Interest in accordance with the terms hereof.
Notwithstanding the foregoing, the value of the Preferred Limited Partnership Interest shall be deemed to be the amount of such Partner's Capital Contribution plus the Preferred Return, reduced by any distributions received by the Preferred Limited Partner prior to such valuation.
The Limited Partner shall have no rights as a Preferred Limited Partner until it has acquired the Preferred Limited Partnership Interest on the Second Capital Contribution Date.
Additionally, the Board of Directors declared quarterly cash dividends of $0.4688 per Series H preferred share of beneficial interest, $0.4297 per Series I preferred share of beneficial interest, and $0.4563 per Series I-1 preferred unit of Preferred Limited Partnership Interest.
Each Preferred Limited Partner shall contribute or cause to be contributed to the Company its respective Preferred Limited Partnership Interest, in accordance with the terms hereof, free and clear of all liens, in return for the receipt of such amount of cash as would be distributable pursuant to Sections 4.2.1(a) and 4.2.1(b) of the Partnership Agreement.
From and after the receipt of all such payments in cash in full, all rights of the holder of such Series E Preferred Limited Partnership Interests shall, in respect of such Series E Preferred Limited Partnership Interests, cease, and such Series E Preferred Limited Partnership Interest shall no longer be deemed to be outstanding.
All distributions paid with respect to the Series E Preferred Limited Partnership Interests pursuant to this Section 2 shall be paid pro rata in respect of each Series E Preferred Limited Partnership Interest entitled thereto.